When running a business in the tech field in 2023, it may seem tempting to require your employees to go back to the office. Understandably so, especially under the current economic climate. Lately, many renowned figures in tech and other related industries have stepped up and spoken against WFH as no longer a viable option. And afterall, when summoning your employees to their literal desk jobs, you have one certainty: all will be under supervision and effectively doing their job. As a consequence, you get your money’s worth for the talent you pay monthly. But… is this actually the case?
Aside from demoralizing and destabilizing personnel with a strict WFO policy, after so many driven changes in the last 2 years, remote or hybrid work still have their advantages.
We put together a top 10 reasons why remote and hybrid work might benefit your company with the help of VON Tech, an IT service provider company operating in the US, Germany, SEE (3 locations in Romania) and UAE.
1. The employer-employee bond is strengthened
Trust is the key for being able to embrace a remote or hybrid work style. So, as a manager you have to trust the team you manage and, most importantly, make it known. You will be surprised to find that employees will feel validated, and then they will have an amplified responsibility, wanting not to disappoint.
2. Productivity level increases
According to a Stanford University study, in the spring of 2022 employees reported a 9% higher productivity percentage in remote mode than in physical mode. The percentage increased from 5% in the summer of 2020. This fact proves that it is recommended, at least occasionally, to change the lucrative environment with a familiar one. Thus, the tasks are not only done better, but they are also completed faster.
3. The recruitment process becomes more qualitative
When you want physical presence in the office, you limit yourself to the people near the headquarters. This means that an important criterion in the selection process is proximity, at the expense of training. But why not have access to extraordinarily skilled and talented employees? You can collaborate with them even if they are a hundred kilometers away, trust us.
4. Employee well-being is improved
According to a 2022 Cisco Systems Inc. survey, 77% of employees believe that remote and hybrid working has improved their overall well-being. This aspect is essential, because the emotions felt during working hours impact, positively or negatively, the final results. Employees who feel good at work will obviously have increased engagement.
5. Decision making and problem solving are facilitated
Organizing physical events, even simple meetings or discussion sessions with employees, have been and will remain more complicated than the online ones. The solution? It is brought to attention by remote or hybrid work: virtual meetings, which don’t take minutes for employees to join (because they are stuck in traffic or other similar reasons). In just a few moments, points of view can be presented, problems can be debated and the best decision can be made.
6. Employee performance can be evaluated easier
As a manager, it is necessary to be aware of every piece of news related to the performance of employees. So, you should know that your work can be simplified through some programs that deal with: idle time monitoring, total working hours or productivity metrics.
7. Financial resources are saved
Another advantage that cannot be neglected when it comes to remote or hybrid work is aimed at saving financial resources. In other words, less money will go towards renting office buildings. In addition, this financial surplus can take the form of performance bonuses for employees. They will undoubtedly have a positive effect on productivity and well-being.
8. The communication process is streamlined
Communication, regardless of the used channel, is very important for the smooth running of the company. When it comes to remote or hybrid work, the information process is greatly simplified. More precisely, you no longer have to play “find the person who can answer your question” at the office, but just send a message on a social media platform and everything is solved.
9. Employee retention increases
Frequent changes of employees are not a pleasant situation at all. These often involve a lot of wasted financial and time resources. A way they can be combated? According to IWG’s HR Leaders & Hybrid Working Report, 60% of HR leaders believe that hybrid working increases employee retention.
10. The work-life balance is improved
A leadership position comes with various responsibilities. Because of this, many managers spend too much time in the office and miss out on unique family moments. A remote or hybrid work style does not only positively impact the employees or the company, but also those who lead it. So… work from anywhere, anytime, and enjoy the people you care for.
The right choice for your IT business
VON Tech has 20 years’ expertise in helping IT businesses grow and we went down this path because our clients requested it! We’re professionals and innovators, where there isn’t a way, we build one, we monetize quality first and foremost and value commitment.
Our technical consultancy division delivers hardware design and verification, as well as embedded software development services, application implementation and testing in telecommunications. Our clients are mainly active in networking and semiconductors industries and all are top tier in their fields.
VON Tech can give your company the most agile, cost-effective and top-quality services on the market. We talk, we listen, we deliver results.