Work from home doing remote work from anywhere in the world as long as you have an internet connection, a laptop or mobile phone. Many companies have welcomed remote working benefiting both sides of business and employees shortly after Covid-19 hit and seems to be transitioning into the foreseeable future.
In 2020 Harvard Business Review wrote an interesting article laying out how the future looked moving ahead. The article was not only on point and more prevalent today but pretty darn accurate.
Companies are now hiring for remote work as a Live Chat Assistant – Learn More!
Harvard Business Review says that remote work is here to stay in this article excerpt.
Without question, the model offers notable benefits to companies and their employees. Organizations can reduce or eliminate real estate costs, hire and use talent globally while mitigating immigration issues, and, research indicates, perhaps enjoy productivity gains. Workers get geographic flexibility (that is, live where they prefer to), eliminate commutes, and report better work/life balance. However, concerns persist regarding how WFA affects communication, including brainstorming and problem-solving; knowledge sharing; socialization, camaraderie, and mentoring; performance evaluation and compensation; and data security and regulation.
If I would have read this article in 2020 I would have said, No Way! Further it says how people in the knowledge-work space were asking, Why are we working in groups at an office ? Specially since personal technology and connectivity had advanced so far.
The Covid-19 certainly had a major role in this development where employers are more thinking about remote work and the savings companies benefit from.
One observation about this outcome is that employees have to drive less or travel less resulting in huge savings for those remote working and the expense of baby-sitting costs can be saved as well. Allowing you to pickup kids at school or run errands or midday exercise without being ridiculed or punished.
Remote work helps the environment as well. In 2018 the commute time average was estimated to be about 27.1 minutes each way, or about 4.5 hours a week. Eliminating that commute—particularly in places where most people commute by car—generates a significant reduction in car emissions.
In the research it was noted that productivity was up from 13% to 22% or in some cases up to 50%. It is why organizations are waking up to a more productive business and happier employees. Win Win! The USPTO estimated that increases in remote work in 2015 saved them $38.2 million.
The net benefit, they believe, including the productivity increases and property cost savings they’ve seen, equals $18,000 a year for each worker.
Working remote gives employees the ability to work from anywhere in the world or travel the world while still being employed and generating an income.
One patent examiner told Havard Business Review interviewer, “I’m a military spouse, which means I live in a world with frequent moves and personal upheavals that prevent many spouses from pursuing lasting careers of their choice.
Remote work from home where ever it may be has great benefits but is it right for you ? What do you think ?
Another observation made is that if working remote where the time difference doesn’t allow for normal meetings online using Zoom, Skype or FB. Another major concern, noted by supervisors and employees alike, is the potential for everyone to feel isolated socially and professionally, and disconnected from working colleagues and the company environment itself, particularly with organizations where some people are working at the office and some are not.
One solution to these socialization problems is having social communities or creating live events where everyone comes together and spends one day or more which usually translates into better productivity and better camaraderie.
One concern is, how to set compensation for workers who work from anywhere is an ongoing debate. As mentioned, it’s a benefit to be able to reside in a lower-cost-of-living locale while earning the income one would in a more expensive one. But that’s conditional on the company’s not adjusting wages according to where a worker lives, as was the case at the USPTO.
The concern with this would be, If companies start to prefer hiring those in lower cost of living places to reduce their bottom line expenses. Let us know what you think or experienced.