Assessing the Cost-Benefit Implications of Remote Work for Employees in IT Companies

Remote work, motivated by the COVID-19 pandemic, has changed work environments in many different industries. IT firms are among the first to adopt remote models, which altered the cost and benefit dynamics for their employees.
Even if remote work has been extensively embraced, there is still limited understanding of the financial and non-financial costbenefit trade-offs workers experience under such circumstances. Even if businesses benefit from reduced
infrastructure costs, workers face a different set of problems as they must evaluate utility costs, work-life balance, and productivity tools. The mixed-method approach of this work combines quantitative surveys with a cost-benefit computational model developed in Python. Among the important factors this model takes into account are the psychological well-being of individuals, the level of additional utility bills, the impact on production, and the savings on transportation and meals. Examined are two hundred information technology workers from five different companies. The study determined whether the results of the model are similar to those of conventional inoffice, hybrid, and third-party analytical frameworks, for example, the Glassdoor Work Satisfaction Index. The findings indicate that 68% of employees gain net positively from working from home, due to savings on commuting and preserving a healthy diet. 24% of polled reported higher electricity and internet expenses, which slightly countered the overall
advantage.