Some progressive companies have boldly transitioned to virtual offices across the board. Most are taking a more conservative approach with a blend of working from the home office and joining the team in-office for collaboration. The upside is that WFH productivity far exceeds that inside the office by 35-40%. That’s a lot more work getting done.
Every employee represents a significant investment for the organisation. Figuring out the right formula to maximise each employee’s contribution is the big challenge that lies ahead. As business leaders consider how to design the best work environment, there are many factors to consider. Individual attributes like an employee’s appetite for autonomy, efficiency of the home office, individual preferences, and the type of work required are all important parts of the equation.
No matter what working model your company is considering, here’s some food for thought.
Embracing a flexible model brings a host of benefits too good to ignore. Companies can save some serious money. And we all know that managing operational costs is essential to any business. Some of the ways they’re saving the big bucks includes downsizing offices, eliminated travel costs with the restrictions, and avoiding costly relocation expenses. Like everything, there will always be pros and cons to each option. But it’s clear that there are solid benefits for both working styles, so blending the models into a custom approach is what we’re expecting to become the new norm.