Britons spend a small fortune travelling to and from work these days, so much so that many businesses might help their employees save some money by giving them more opportunities to work from home.
By having more virtual offices in Liverpool and other major cities around the country, this takes the pressure off staff having to pay steep train fares to commute, when they can get the same amount of work done at home.
According to recent figures from Sainsbury’s Bank, UK commuters spend ten per cent of their salary on their annual train tickets, with fares averaging £2,605 a year.
Customer director at Sainsbury’s Bank Jason King said: “The cost of train travel is a significant hit on UK workers’ take-home pay.”
The financial services provider launched a Train Ticket Calculator to determine how much travellers spend on their commutes to encourage them to purchase season tickets, instead of buying a new ticket every day.
The findings revealed purchasing an annual train ticket could save £311 over 12 months compared to monthly tickets.
Another survey by Sainsbury’s Bank reported that 23 per cent of those who commute at least three times a week tend to buy an annual pass, while 34 per cent get a monthly travel card, and one-fifth purchase daily tickets.
However, employees with flexible conditions who are allowed to work from home could find they save a considerable amount of money by not having to buy train tickets every day of the week.
What’s more, they can save a lot of time by not having to commute, with Lloyds Bank recently revealing workers spend ten whole days travelling to and from work over a 12-month period.