ABS: Working from home here to stay

The Australian Bureau of Statistics has released its Business Indicators, Business Impacts of COVID-19 survey, which suggests that the working from home (WFH) phenomenon is a permanent shift that will continue long after COVID-19:

Employing businesses provided an estimate of the proportion of their workforce teleworking:

  • prior to COVID-19;
  • during September; and
  • expected once restrictions are lifted and conditions stabilise.

More than two in five employing businesses (43%) reported that they had staff currently teleworking. This compares to 28% of employing businesses that reported they had employees teleworking prior to COVID-19…

Once COVID-19 restrictions are lifted and conditions stabilise, employing businesses from the following three industries are most likely to report they expect some of their employees to be teleworking:

  • Information, media and telecommunications (65%);
  • Professional, scientific and technical services (61%); and
  • Financial and insurance services (42%).

Most of the people that I speak to in my neighbourhood are professionals working in white collar jobs. Every single one of these professionals are currently working from home, and all have said that they want to permanently work from home at least a few days per week.

Now that businesses and employees have become accustomed to working from home, and have the requisite systems in place, it is inevitable that it will continue into the future long after COVID-19 has passed.

Unconventional Economist
Latest posts by Unconventional Economist (see all)

Comments are hidden for Membership Subscribers only.