Report: 30-40 percent of workforce may stay WFH after pandemic
The concept of “work-from-home” (WFH) went from a growing trend to an emergency enterprise standard over the past few months, forcing folks to make major adjustments to how they connect with colleagues and accomplish their day-to-day tasks. While many stir-crazy folks are longing for the days when they can return to the office, a lot of companies are finding that this unexpected trial in WFH may take on a more permanent look after the quarantine ends.
A recent study from Motus, an enterprise reimbursement platform, found that as many as 30-40 percent of workers could soon permanently take on WFH roles now that businesses are seeing the benefits (and costs savings) of remote work.
Increased employee productivity and engagement, for instance, are two of the competitive advantages members of specific WFH cohorts have discovered in recent weeks. The study found that remote employees are 15 percent to 45 percent more productive than their in-office counterparts, with highly-engaged remote workplaces enjoying 21 percent more profitability as a result. Additional benefits include reduced absenteeism and lower voluntary turnover, which costs employers $10,000 to $30,000 per employee, according to Motus.
For large enterprises with hundreds of employees, these savings could be an unexpected (and welcome) shot-in-the-arm to help businesses impacted by the pandemic get back on their feet.
“Office space leases are typically one of the least flexible costs of running a business. Our research finds that reallocating real estate spend to support a larger remote workforce allows businesses to take advantage of the additional benefits remote work provides, things like increased productivity, business continuity and talent retention,” said Ken Robinson, market research analyst for Motus.
The benefits that WFH and remote work business models afford go beyond real estate and finances. At AppNeta, for instance, we’ve long found that trusting employees to pursue alternative work situations – whether that includes unique working hours or permission to work remotely – can pay off in spades when it comes to both team loyalty and mental health. This employee flexibility is one reason why we’ve been recognized with numerous cultural accolades over the years, including recently being ranked second among The 25 Best Software Companies to Work For in Boston from The Software Report.
Of course, supporting a growing footprint of remote users requires comprehensive visibility across the many clouds, vendors, and third-party networks keeping enterprises connected today. AppNeta arms IT teams with end-to-end visibility into how users are experiencing their networks no matter where an employee is located, giving IT the visibility it needs to proactively address performance issues while posturing their network for a strong future.
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To learn more about how AppNeta can support WFH users, request a demo with our team today.
Filed Under: industry insights