When workers use technology to work from home or an office center, they can save a fortune on commuting costs, coffee and lunches, expensive clothing, and even expensive office furniture. They can spend the money they save on improving their quality of life or pursuing the adventures they desire and deserve.
Many studies have found that working from home (WFH) is more productive than working in the office during normal times. In fact, the COVID-19 pandemic saw a radical increase in WFH as workers worked out of their homes to avoid exposure and comply with work-from-home (WFH) measures.
Some companies, such as Ctrip, a travel agency in Shanghai, were forced to run a work-from-home experiment during the pandemic because they couldn’t hire enough local employees. They discovered that allowing workers to work from home saved them $1,400 per year for each remote employee in rent, IT support and other overhead costs.
While it is important to note that some companies have experienced a reduction in productivity when they allow workers to work from home, the majority of companies find that their productivity is not affected by WFH. The reason for this may have to do with the nature of the work, the culture in a company, and whether or not the company has the right tools in place for enabling people to work from home.
Remote work can be easier in companies that value results over the perks of being at the office, and that prioritize collaboration over face-time and cracking jokes. These companies will typically have fewer meetings and a more horizontal organizational structure. This makes it easy for managers to introduce new policies, procedures and practices to remote teams.