As unprecedented events began unfolding across the world, we witnessed an acceleration for the need of teleworking. Countries have begun to relax lockdowns, sparking peculiar responses from several large companies. On a more recent note, Facebook announced its plans to move forward, shifting their views on future work methods. CEO, Mark Zuckerberg, is anticipating about 50% of tech employees to continue working from home in the next five to ten years. Twitter also announced their shift from temporary teleworking to permanent work from home. Particular attention must be placed on the responses from these successful, ever-evolving companies.
The accelerated increase in teleworking is both innovative and beneficial. Four main benefits loom – and we’ve summarized them below:
Performance Increase
Surveys conducted during the lockdowns have shown a steady increase in satisfaction and happiness among teleworkers. Owl Labs reported that 71% of remote workers were happier with their jobs as opposed to 55% of on-site workers. Thanks to services offered via ZOOM and Google Hangouts, transitions from on-site work to telework have never been easier. Employers and employees are able to communicate despite the distance while being in the comfort of their homes and spiking productivity.
Employee Retention
With satisfied employees comes retention. Studies conducted by Stanford University found that remote workers were less likely to switch companies as opposed to their counterparts. Loyalty has proven to strengthen when employees have the option to work from home. Allowing companies to keep their top talent.
Talent Pool
Remote work has also expanded horizons for both companies and employees. Businesses now have access to talent outside of their geographical locations. As employers search for the best-qualified candidate, companies are able to stay within their budget as they reduce travel costs. While the demand for competent applicants increases, Flashii has been working with several companies by narrowing applications and recruiting prospective employees that fit the needs and qualifications of their clients.
Cost-Effective
Embracing the idea of teleworking has resulted in positive effects for modern companies. Businesses are now faced with decreases in operating and real estate expenses, resulting in a cost-effective strategy against COVID. Employees are also reaping the benefits of such administrative decisions. Currently employees have reported saving money on gas, food, and work clothing.
COVID-19 accelerated the transition from on-site working to teleworking. Nevertheless, as businesses begin to look forward, the pattern of cost-effectiveness and efficiency is revealing. Working from home (WFM) can be beneficial to both the employer and employer in numerous ways. What is your opinion of WFM?
Citation
“28 Surprising Working From Home Statistics.” Fundera, www.fundera.com/resources/working-from-home-statistics.
Bayern, Macy. “5 Ways the Future of Work Is Changing, Due to Coronavirus.” TechRepublic, TechRepublic, 25 Mar. 2020, www.techrepublic.com/article/5-ways-the-future-of-work-is-changing-due-to-coronavirus/.
Bernazzani, Sophia. “45 Key Remote Work & Telecommuting Statistics for 2020.” Owl Labs, www.owllabs.com/blog/remote-work-statistics.
Carbone, Christopher. “Twitter to Let Employees Work from Home Indefinitely.” Fox News, FOX News Network, 12 May 2020, www.foxnews.com/tech/twitter-employees-work-from-home-indefinitely.
Hayes, Dade. “Facebook Will Permanently Shift 50% Of Its Employees To Remote Work As COVID-19 Impact Is Fully Absorbed.” Yahoo!, Yahoo!, 21 May 2020, www.yahoo.com/entertainment/facebook-permanently-shift-50-employees-185334733.html.
