We’ve been seeing a developing virtual workforce for years.
In the U.S., the quantity of remote workers grew by 173% between 2005 and 2018.
Even before COVID: A 2018 study shows that 52% of employees overall were already working from home at least once in a week.
Upwork predicted that by 2028, 73% of all teams would have remote workers. I accept that COVID-19 will just strengthen this trend toward a virtual workforce.
Here are three reasons why switching to a virtual workforce is a smart thought.
Up until now, we’ve discussed how working from home benefits workers.
How does that convert into an advantage for companies?
To begin with, by boosting retention.
One research shows that 74% of U.S. employees agree that the ability to work remotely would make them less likely to leave their employer.
Another study showed that organizations that allow remote work experience 25% less worker turnover than organizations that don’t.
Bosses are having an a lot harder time discovering applicants with the specific skills they need.
If that is your situation, why would you limit your talent search to business sectors where you have a physical office?
With a virtual workforce, you evacuate artificial limits and widen your access to talent from over the globe.
For organizations aiming to reduce expenses, moving to a virtual workforce is an extraordinary alternative.
Kate Lister, the President of Global Workplace Analytics, tell us that employees are not at their work desk 50-60% of the time.
Lister assesses that organizations can save an average of $11,000 per half-time remote worker every year because of “increased productivity, lower real-estate costs, reduced absenteeism and turnover, and better disaster preparedness.”
This guaranteed cost decrease will be especially valuable: