COVID-19: Benefits and challenges when working remotely

By Oonagh McCutcheon

Remote working, smart working, co-working – this is growing in popularity in Ireland at present. The experience of working from home during COVID-19 sheds light on the benefits and challenges of working remotely.

COVID-19: Demand for more flexible working

It is expected that there will be greater demand for flexible working as the economy reopens post-COVID-19. A recent report commissioned by Vodafone looked at the economic impact of six regional working hubs.

When the results were extrapolated for the country as a whole, it estimated the national economic impact at €312m, with 5,200 direct staff employed and 3,640 jobs indirectly supported.

Several media articles have highlighted the increased interest in people moving to rural areas. The challenges of long commute times, the impact on workers’ health, and the stresses on their families is well documented.

There is increasing awareness of the negative climate impact of commuting, so many are opting for a more sustainable working style. Coupled with these factors is the positive financial benefit to regional and local economies.

COVID-19: unintended consequences

There may, however, be some unintended consequences. The rush to rural areas has had an upwards impact on house prices as the example last month of a house in Donegal selling for €213k shows – the asking price was €93k. There is also a suggestion that some major tech companies are considering local benchmarks for pay, which could mean a reduction in salaries, according to a report by EY (reported in the Sunday Independent 4/10/20).

However, there are many freelancers, entrepreneurs, start-ups, contract workers, flexible workers, and digital nomads who can shape their own destiny, free from the policies and decisions of multinationals.

Many choose to work from home, while others prefer to come together in a conducive space that creates collaboration and fosters innovation. This is where the extensive network of digital hubs across the country plays a role. It’s generally a very affordable option (no lease, no commercial rates, heat/light/internet are provided).

You need to check out rates for yourself, but as an indication, you could pay €220 per month for one seat in the Tara Building, Dublin. Outside of Dublin, rates are cheaper – it’s €175 per month at Mix Co-working in Clonakilty, for example.

Some hubs have a particular focus. If you have an idea for a food business, check out the Food Hub at Ardee Business Centre, Louth. If you’re into daily exercise, check out the fully fitted outdoor exercise zone in Wexford Enterprise Centre.

The co-working movement is expanding rapidly. You can expect to see more of these collaborative, creative, and flexible workspaces popping up all over the country.

At IE Domain Registry, we are a supporter and advocate for co-working digital hubs, along with high-speed broadband to rejuvenate main streets, keep local talent in the community, and encourage entrepreneurship and business growth. See our interactive map which shows a full list of hubs around the country.

Prepared by Patrick O’Brien

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