Remote Work as a New Standard? Cost Saving and Productivity Increase with Remote Work in the Slovak Translations Services Sector Cover Image

Práca na diaľku ako nový štandard? Úspora nákladov a zvýšenie produktivity vďaka práci na diaľku v slovenskom sektore prekladateľských služieb
Remote Work as a New Standard? Cost Saving and Productivity Increase with Remote Work in the Slovak Translations Services Sector

Author(s): Jana Kajanová, Natália Barteková
Subject(s): Economy, Public Administration, Human Resources in Economy
Published by: VERBUM - vydavateľstvo Katolíckej univerzity v Ružomberku
Keywords: Remote work; Cost saving; Productivity

Summary/Abstract: The pandemic has changed work trends, and most companies have applied work-from-home called “remote work”. After an extensive review of the literature, we explored the research gaap, there has not been a substantial study on the cost and performance analysis of the Slovak translation services sector considering underwriting accounting items. The main contribution of this research was to point out that remote work saves on employers' energy costs and at the same time increases productivity because employees work more efficiently at home. We analyzed two important accounting items horizontally: energy consumption and revenue from the sale of own products and services and the subsequent correlation analysis of 3 key enterprises in the translations services sector in Slovakia was performed. We found out whether the energy costs and the revenue from the sale of our own products and services are correlated. The results of the horizontal analysis confirmed that remote work saves employers money, but on the other side performance of the remotely worked employee is in major not higher than on-site employment. Energy consumption is correlated to revenue from the sale of own products and services at the level of 0,95 which means almost perfect direct proportionality. It can be argued that in the Slovak translation services sector, remote working reduces the employer's energy costs but employee's productivity is higher at on-site work.

  • Issue Year: VI/2022
  • Issue No: 2
  • Page Range: 55-66
  • Page Count: 12
  • Language: Slovak