Sun Sep 26 2021
CEBR research shows hybrid working models could also add £48.3bn to the UK economy
According to a new study conducted by the Centre for Economics and Business Research (CEBR), working from home, flexible and hybrid working models could help nearly four million people in the UK back on to the job market.
The research clearly shows that 45% of people in the UK currently ‘locked out’ of the job market due to issues such as disability or parental responsibility could start working tomorrow if given the opportunity to do so remotely.
502 decision makers from various sectors alongside 2,000 consumers were surveyed in July, with the goal being to establish how digital transformations were shaping the British economy and the workforce that powers it.
It concluded that 49% of parents and 40% of those surveyed with disabilities were much more inclined to work if given the opportunity to do so from home.
The final report also suggested that this increased adoption of a hybrid working model could add £48.3bn to economy ever year with more people being able to work full time and part time employees finding it easier to extend their current hours.
In fact, it’s estimated part-time workers alone could increase the hours they work by nearly 1.3bn annually (spread out over the workforce… not each).
43% of parttime workers said they would extend the hours they worked if they were given the option to do so remotely.
If moss adoption does happen, it could lead to, as already pointed out, 3.8 million entering the workforce (either again or for the first time) of which 1.5m could be people with disabilities, 1.2 million parents unable to work due to childcare costs, 500,000 carers and a further 600,000 which the report categorised as not working for a number of miscellaneous reasons.
Going fully remote where possible would also lead to a further £76 billion being added to the UK economy by 2025 and £236bn by 2040 through the investment required for remote working and other digital innovations.
Working from home has been the new norm for many over the last eighteen months and here at cloudThing we have fully embraced this throughout the pandemic and are continuing to do so. By having a mature trusting WFH culture here at cloudThing it allows us the ability to recruit across all candidates that may not have considered working with us before. We genuinely offer real flexibility to help create a more diverse and inclusive workforce to help bring out the best in our employees.
Sun Sep 26 2021