What is Work From Home Calculator?
Work from Home Calculator is a calculator curated for you if you work from home or work remotely, in order to manage your time and calculate how much time per week do you get back. The calculator also calculates the money you saved (every week) by becoming remote.
Why is it essential?
Whether you’re working from a designated workspace or working from home, every minute counts, and it becomes hard when it comes to thriving the perfect management of life, work, health, and money. But you can earn those valuable commuting hours back when you can work from home. However, working from home might sound like a piece of cake, but time management still plays a significant role. Work from Home calculator helps you in managing your time as it calculates how many hours per week you can get back to yourself and devote those hours to fitness, side hustles, or even meditation.
Formula used –
The formula used in the calculator can –
- Calculate the time you saved weekly
- Calculate the money you saved by going remote weekly
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- Here we present to you the formula from which you can calculate the time you saved –
[(Avg. Commute Time to Work) + (Avg. Time Coming Home From Work + Lunchtime × No. of Working Days )] / 60
= Total Hours Saved (Weekly)
- Here we present to you the formula from which you can calculate the money you saved by becoming remote –
Total Hours Saved × [One Day Salary / 24]
= Money Saved by becoming Remote (Weekly)
Average Commute Time to Work – Average Commute Time to Work (in minutes)is the time taken to reach your workplace from your office.
Average Time Coming Home from Work – Average Time Coming Home from Work is the time (in minutes) taken to reach your home from your designated workplace.
Lunch Time – Lunch Time is the time (in minutes) that has been consumed in having lunch.
The number of Working Days – It is the type of working days pattern that your company follows. It can be either five days or six days.
How does Work From Home Calculator works?
Work from Home calculator is calculated based on the Average Commute Time to Work, Average Time Coming Home From Work, Lunchtime, and the Number of Working Days in a week.
The calculator works based on the formula in which the average commute time to work is added to the product of average time coming home from work, and lunchtime multiplied by the number of working days in a week. The sum is then divided by 60. After computing the formula, you get the time you saved.
To calculate the money you saved by going remote can be calculated with the formula wherein the Total Hours Saved are multiplied with One Day Salary divided by 24.
Before you start with the process to calculate your time, you need to find the fact first to get aligned with the process. Facts may include –
- What type of work do you do?
- Is the business based at your home?
- Does the business occupy other premises?
- Do you do work elsewhere?
- Do you employ any employees?
- Do they also work at your home?
When you work from home, try to analyze the questions above and find the responses to them, and then ask yourself – how many hours do you work away from home per day?
Examples
Here we take an example of how much time you spend while working from the office and how much time you can save your time while working from home.
- You work six days a week in an organization where you take 20 minutes on an average in commuting to your workplace and 20 minutes while coming home from work. You spend 40 minutes for lunch. How much time could you have saved working from home? Let’s calculate that.
Using the given formula –
[(Avg. Commute Time to Work ) + (Avg. Time Coming Home From Work + Lunch time × No. of Working Days )] / 60
= [(20) + (20 + 40 × 6)] / 60
= [(20) + (20 + 240)] /60
= [(20) + (260)] / 60
= 280 / 60
= 4.6
= Total Hours Saved (Weekly) are 4.6
This example was just about the time you could save working from home. The next example will be about saving time and money while working remotely.
You work six days a week in an organization where you take 15 minutes on average in commuting to your workplace and 15 minutes while coming home from work. You spend 30 minutes for lunch. How much time and money you could have saved working from home? Let’s calculate that.
Using the given formula –
- To calculate the time you saved –
[(Avg. Commute Time to Work ) + (Avg. Time Coming Home From Work + Lunchtime × No. of Working Days )] / 60
= [(15) + (15 + 30 × 6)] / 60
= [(15) + (15 + 180)] / 60
= [(15) + (195)] / 60
= 210 / 60
= 3.5 Hours you saved
- To calculate the money you saved –
Total Hours Saved × [One Day Salary / 24]
Let us assume the one day salary be $30
= 3.5 × $30 / 24
= 3.5 × $1.25
= $4.375
= $4.375 is the amount that you saved while working from home or remotely
Therefore, this is how the tool works, and if you haven’t kept a record of your precious hours and money that you could have saved, then you must do it right now with our hassle-free Work From Home Calculator.