COVID-19 has indeed given a push towards remote working as the last few months have served as a case study for businesses to evaluate the feasibility and effectiveness of this evolving working culture. The remote working trend is quickly becoming the go-to working option for employees and employers alike. Below, we take a look into 4 reasons why remote working will continue to gain momentum to define the world of work.
1) Increased Productivity
Organisations continue to invest considerably in the assessment of their workforce productivity. The introduction of remote working in previous years was welcomed with uncertainty, as employers felt this transition would present inconsistencies in productivity and output as well as a reduced ability to monitor and gauge employee performance. Today, however, the reality cannot be more untrue. According to Fundera (2020), two-thirds of hiring managers whose teams work remotely report increased productivity. Moreover, 86% of employees state that they feel their productivity has improved as a result of working remotely, particularly from home. The main reasons for this are the reduced distractions of the workplace which keep employees from producing their best work, meaning that employers can be confident knowing that their teams are excelling and working more efficiently in their remote working environments. Additionally, this significantly contributes towards reduced stress which improves work quality. Fundera (2020) also found that 82% of remote workers experience far lower stress levels when working at home than at the office.
2) Decreased Costs of Operation
It is true that remote working significantly reduces costs of operation - according to FlexJobs (2020), 77% of companies state that the transition to remote working promises to reduce operating costs. From the daily office kitchen expenses to utility bills and rent, remote working drastically lessens such costs to allow companies to allocate such funds for more important business activities. Large industry players such as tech giants Twitter have already announced that their 5,000 people workforce have the option to work from home on a permanent basis. Of course, with the right regulations and tech infrastructures in place, companies can adopt large-scale remote working options for their people to apply a transition which is as smooth as possible whilst lowering expenses. According to Gartner (2020), 74% of CFOs stated that they plan to adopt remote working permanently to contribute towards optimised cost-management plans beyond the pandemic. This is an important point to factor in since it suggests that employers can now tap into new recruitment possibilities, unlocking access to remote talent through the already adjusted gig economy.
3) Access to New Talent Networks
As remote working continues to become a mainstay in working culture, hiring practices will adapt to suit the need and requirements of the evolving working world. In previous years, companies had to rely on hiring locally-based talent or setting up attractive packages to lure in offshore talent. Today, tech-enabled remote working solutions have opened doors for business the world over. Talent acquisition is now global and on-demand. Diverse talent in specific areas of skill can be accessed and acquired under project-based contracts, doing away with conventional work practices and dipping into untapped talent pools. This means that employers can become more efficiently exposed to certified professionals who they can onboard with ease and confidence.
4) Drive for Sustainability Objectives
Remote working options also contribute towards a more sustainable approach. A study by the University of Warwick Computer Science Department (2020) found that carbon dioxide emissions generated by employees commuting could be cut by 40% by simply allowing employees to work remotely from home twice a week. Moreover, by working from home, individuals will be able to continue working through unpleasant weather and avoid having to travel through such conditions. Ultimately, such combined efforts in eliminating unnecessary travel are set to achieve great sustainability goals to combat major issues such as climate change.
All in all, as the world continues to recover from the pandemic, companies are expected to further implement remote working to embrace more flexible working models and open themselves up to more dynamic recruitment possibilities for increased economic and sustainable growth.
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