Home Office Workplaces for a Better Employees’ Work-Life Balance and Cost Reduction for Companies

Last modified: January 26, 2022
Estimated reading time: 2 min
Project Title: Home Office Workplaces for a Better Employees’ Work-Life Balance and Cost Reduction for Companies
Author: Mr. Stephan Weimann
Advisor: Dr. Tanakom Limsarun
Degree: Master of Business Administration (International Program)
Major: International Business Management
Faculty: Graduate Schools
Academic year: 2021
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Conference
Conference Proceedings
National and International Academic Conference “Empowering Innovtion and Sustainability in the Next Normal” 27 November 2021

Citation

Weimann, Stephan. (2021). Home office workplaces for a better employees’ work-life balance and cost reduction for companies. (Master’s independent study). Bangkok: Master of Business Administration Siam University.


Abstract

With the COVID 19 pandemic that hit in late 2019 / early 2020, the world of work has experienced an unprecedented, accelerated transformation. New rules, restrictions and lockdowns forced companies and their employees to shift from the usual way of going to work, to the home office (HO) and working from home in a very short period of time. The goal of this research was to analyze these unique circumstances with the thesis that by implementing these new circumstances on a permanent basis, companies and employees actually benefit from them. Employees potentially have a better work-life balance (WLB) due to the possibility to work from home and companies can potentially save on their overall costs in the long run due to new, improved work options for their workforce. This paper is a documentary research based on previous studies by various researchers such as books, magazines, journals, newspapers and online electronic sources. The result of this study shows that there is a strong relationship between working from HO and better WLB. The majority of employees showed improved performance, motivation, efficiency and satisfaction with working from home after a short period of time, which in the second step has an equally positive impact on the company and its performance and growth. This study also proves that companies with an HO working model can save on overall costs such as rent, operating and even labor costs in the long term.


Equilibrating AI and Humans Across Various HR Dimensions

Master of Business Administration (International Program), Siam University, Bangkok, Thailand

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