What is the remote work revolution, anyways? Is remote work here to stay?
The rapid and unprecedented changes brought on by COVID-19 have accelerated the transition to remote working, requiring the wholesale migration of nearly entire companies to virtual work in just weeks, leaving managers and employees scrambling to adjust. This massive transition has forced companies to rapidly advance their digital footprint, using cloud storage, cybersecurity, and device tools to accommodate their new remote workforce.
Does the remote work revolution have a case for change? According to Forbes, the world’s top researchers say yes, by proving that workplace flexibility will boost your bottom line in these five categories:
Productivity — Teleworkers are an average of 35-40% more productive than their office counterparts, and have measured an output increase of at least 4.4%.
Performance — With stronger autonomy via location independence, workers produce results with 40% fewer quality defects.
Engagement — Higher productivity and performance combine to create stronger engagement, or in other words, 41% lower absenteeism.
Retention — 54% of employees say they would change jobs for one that offered them more flexibility, which results in an average of 12% turnover reduction after a remote work agreement is offered.
Profitability — Organizations save an average of $11,000 per year per part-time telecommuter, or 21% higher profitability.”
Experiencing the benefits of remote working, many companies, including Twitter and Google, plan to permanently incorporate remote days or give employees the option to work from home full-time.
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