Remote work economics: A conceptual review of financial and HR metrics

Abstract

This review paper examines remote work's economic implications by evaluating financial and HR metrics in remote work environments. It provides an overview of remote work arrangements, identifies key economic drivers behind the shift to remote work, and discusses the impact of remote work on traditional financial metrics such as cost savings and productivity. Additionally, it explores HR metrics specific to remote work environments, including employee engagement, retention, and communication effectiveness. The paper highlights challenges in measuring HR metrics in remote setups and proposes solutions. Furthermore, it discusses the impact of remote work on employee well-being and organisational culture, emphasising the importance of supporting employee success and cultivating a positive remote work culture. The implications of financial and HR metrics in remote work economics are discussed, along with suggestions for future research directions and potential areas for improvement in evaluating remote work economics.