The WFH Revolution

Traditionally, remote work has been looked down on. Managers weren’t sure that workers would be able to stay focused at home or stay on track while separated from the office. As technology and virtual tools have progressed, so has the notion of remote work and the positive effects it can have on a company’s workforce. From pandemic prevention to economic woes, the news seems to be consistently pointing out remote work as an important trend. Even the World Economic Forum is pointing to workplace flexibility as a critical focal point for the future of work in the world. 

The real question to ask is if this trend is economically viable, or is it just the evolving millennial workforce craving the modern convenience of the home office? 

Many companies, especially those in the technology sectors, have begun implementing remote work policies due to the many benefits it has been shown to bring both businesses and the employees who get to enjoy the extra freedom. Especially with the recent COVID-19 pandemic, the need for remote work infrastructure has been shown to be critical in order to keep people working and businesses afloat during times of crisis. 

Is Remote Work Effective?

Unsurprisingly, it turns out that giving employees more freedom and trust actually improves productivity. The notion of remote work has evolved into the “new normal” for many companies. and is proving to be a more effective and forward-thinking way to manage employees. According to a recent study, it was proven that remote workers are actually far more productive and motivated than their office-bound counterparts. Some of the main benefits the study found include:

  • Remote employees work an additional 1.4 more days per month than in-office employees, which is nearly 17 additional workdays a year.
  • Remote employees work an additional 10 minutes a day.
  • Office workers are unproductive for an average of 37 minutes a day whereas remote employees are unproductive for only 27 minutes.
  • 15% of remote workers said their boss distracted them from work, which is less than the 22% of office-based employees who said the same thing. 

In addition to the proven benefits to productivity, companies who have implemented remote work policies have also experienced a significant improvement to both employee retention as well as company profits. These statistics clearly demonstrate that remote work is a trend that is not going anywhere, and organizations would be wise to prioritize this type of strategy in the coming decade.

Many companies have already begun implementing generous remote working policies, and according to Sara Sutton, founder and CEO of FlexJobs, “The most notable change we’ve seen over the past year is not so much the growth in the sheer volume of remote job listings, but the growth in the variety of remote job titles these companies are seeking to hire.” For example, Trello, a collaborative workspace app, allows for a remote work option that any employee can take advantage of – and over 60% of their workforce does just that. Companies involved in AI, fintech, and even education are now taking advantage of remote working options to the great benefit of their employers. 

The Future of Remote Work 

Remote work helps employees enjoy work, save money on commutes, and leads them to simply provide better work to their employers. Technological advances in team-oriented software and organizational tools have led to a remote work revolution that is sweeping the world and changing the way the workforce operates. Remote work doesn’t just give us more productive workers and a more modernized workplace dynamic, but it also helps safeguard the economy against emergencies. In the wake of a global pandemic that seriously challenged the economic flexibility of many nations, remote work is one of the main ways that people can stay working and keep the economy flowing.

The future of remote work is bright and is helping to create a more motivated and productive workforce that is resilient to crises such as the COVID-19 pandemic the world is currently suffering through. This shift in workplace culture will be positive for the world moving forward and will be a very important objective for every company in the world to consider in the future.

Daren Trousdell is an early stage investor, advisor and founder focused in the Fintech and Digital Media space.

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