Pure Telecom, Ireland’s high-speed broadband and telecoms provider, has announced the results of a survey, which found that 44% of Irish office workers believe remote working could help alleviate the financial burden of high housing costs. The survey, carried out by Censuswide on behalf of Pure Telecom, found that 19% of office workers would move to a more affordable location if they, or their partner, could work from home. An additional 25% would consider it.
Pure Telecom’s research also revealed that the younger generations are the most likely to move to a more affordable location if their – or their partner’s – job allowed for more flexibility. 57% of Gen Zs said they would move, or consider it, followed by 54% of Millennials.
Pure Telecom found that many Irish office workers are currently paying more on their rent or mortgage than they can afford. Some 13% of office workers surveyed believe remote working could help to end their current situation of paying rent/mortgages that they can’t afford by allowing them to move to a more affordable location.
In total, the average office worker believes that when taking into account expenses such as travel, rent/mortgages and childcare, they would save more than €5K per year if they didn’t have to travel to the office every day. Just over one-in-10 office workers (11%) said they would save an average of €25,152 per year.
Paul Connell, CEO and co-founder of Pure Telecom, said: “People work to earn money – not so they can be put out of pocket. But the fact is that many office workers, who could just as effectively carry out their jobs at home some or all of the time, are forced to come into the office every day. This has an impact on where they live and therefore the cost of housing, childcare and much more.
“When people are worried about money, it affects their personal and professional lives. Remote working could give workers the option to move away from high cost living areas and therefore reduce some of the stress associated with paying their bills every month.
“As the National Broadband Plan is rolled out, more and more people and businesses will have access to high-speed broadband to facilitate remote working. Our research has found that 56% of office workers believe they could work remotely more often without it negatively impacting their work. So with the tools and technology available, it is time for Ireland’s businesses to get out of the old-fashioned way of thinking that everyone needs to be at their desks every day and do what is best for their employees and therefore their business.”