The labor landscape experienced drastic changes during the pandemic. Following the different shifts and shuffles, experts claim that the work-from-home or remote work setup is here to stay.
However, some business leaders are mandating their employees to return to the office following the availability of vaccines and the elimination of health restrictions. On the other hand, other corporations adapted and continued allowing their workers to accomplish work from anywhere.
The differences in opinions and decisions continue to bring uncertainties among business owners. Which setup is really the best and most profitable for companies?
Brief Discussion On Today’s Different Work Setups
The three most common work arrangements that are proven to establish productivity among workers are in-person, remote, and hybrid.
What Is In-Person Or In-Office Setup?
According to Indeed, in-person work is a system where employees work in an office space or business location. Working “in-office” can also describe a system where employees work from a building site or with clients in a location outside the company’s office environment.
In-person work may be best for employees who operate closely with their team members, on construction sites, or directly with clients.
Moreover, many companies believe
What Is Remote Work Setup?
Working remotely is an arrangement where employees perform their jobs from home or any location outside of the office while utilizing company-approved assets, tools, and work policies.
Independent contractors or employees who work remotely are enabled through the Internet. The location where remote workers operate does not play a major role as long as there is a strong internet connection.
Commonly, fully remote workers have flexible work schedules but timetables may vary depending on company policies.
The remote work method encourages employees to achieve work-life balance–efficiently complete tasks at work while continuing to have a healthy personal life and home life.
what Is Hybrid Work Setup?
According to an online report, hybrid workers are offered a structure combining office work and remote work. The arrangement allows face-to-face interaction and avoids long commutes depending on the specific duties and responsibilities for the day of the employee.
Hybrid work varies in flexibility and supports a variety of different work schedules. To promote job satisfaction, the setup allows employees to choose how and where they work. Some organizations even allow workers to practice autonomy in designing their work schedules and work environments.
Most workers prefer working in a hybrid setup to achieve better mental health and better work-life balance.
How To Identify The Best Work Arrangement For Your Business?
Several analyses have been conducted by experts to better comprehend the effects on revenue and productivity of the different work setups. As a business owner, it is important to know and understand the pros and cons of each work environment to make an informed decision on what is best for the company.
Advantages and Disadvantages of In-Office and In-Person Work Setup
The tradition of performing office work in person still has its share of merits, as mentioned by a wellness company.
Many employees share their opinion that going to the office full-time is beneficial for tasks that require multiple talents working together. Communication is more seamless when employees are under the same roof or in close proximity. Companies surely benefit when employees have clear communication and can focus on performing duties during work hours.
Additionally, workers with very limited living space prefer in-person work setups because employers provide all the necessary tools and support to accomplish tasks.
When employees are frustrated, then business takes heat too due to a decrease in productive time. Reports stated that in-person work setup disheartens many workers because of personal reasons like increased transportation costs, and lack of time to pursue hobbies that promote well-being. Companies find that they are affected by these negativities since workers tend to slack off and become easily swayed by potential distractions while working. The incapacity to accomplish work tasks may eventually impact the revenue growth of any business.
Advantages and Disadvantages of Remote Work Setup
According to a wellness organization, many remote workers are happy with the outside-of-office arrangement primarily because their transportation time and expenses are reduced. Moreover, remote workers have better access to healthier choices like what to eat, and when to exercise because of the flexibility in scheduling.
Employers benefit in return from happy workers. With the remote work setup, businesses are presented with increased employee engagement, reduced real estate and office supplies costs, and an expanded talent pool.
The outside-of-office arrangement may have many benefits but it also has its challenges. The two most common struggles among remote work employees and employers are communication and lack of clear boundaries.
Despite the disadvantages, remote work setup continues to rise in popularity among business owners.
Advantages and Disadvantages of Hybrid Work Setup
Employees are given flexibility in a hybrid arrangement. In an in-person system, workers are expected to be on the clock between 9 am and 5 pm every workday. On the other hand, with a hybrid setup, workers get tasks done when, how, and where they are most productive.
A hybrid arrangement is favorable for companies with many employees since not every person has the same situation. Those who prefer doing work in person for increased productivity can freely do so, while those who have a higher productivity rate when working outside of the office can also do so.
Company policymakers for a hybrid setup should be clear in identifying the goals at work. One disadvantage of this arrangement is employees have too much freedom to personalize their schedule. Sometimes, worker productivity is suppressed when there is no strong common work structure.
Remote Work Arrangement Linked To Increase In Revenue Growth
Several reports and studies have been convincing business owners and employers that flexible remote work policies can help increase general productivity at work. But did you know that the work-from-anywhere setup can also contribute to the revenue growth of the company?
Forbes published an intriguing article online discussing how an average public company that gives employees a choice over whether to come into an office outperformed on revenue growth by 16 percentage points, compared to companies with more restrictive policies.
The Scoop Technologies and Boston Consulting Group conducted a study involving 554 publicly traded companies across 20 different sectors. Experts wanted to compare the revenue growth between companies with flexible remote work policies and companies with more restrictive policies. According to a report, about 27 million people provided data for the study.
The study’s conclusion revealed from 2020 to 2022, companies without in-office requirements saw revenue grow 20%, while those in hybrid and fully in-person arrangements saw 5% revenue growth.
How To Hire Legit And Qualified Remote Employees?
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