The global workforce has adapted to the remote culture and now it is more remote than ever. From the investors’ perspective, this is a new opportunity and has created windows for a potential future. As the companies are stepping up their game to match the demand of employers and remote workers around the world, investors need to find answers to some important questions:
- Should I invest in remote work solutions for the long term or short term?
- Which industries are the best fit to adopt remote workforce culture and take advantage of the growing opportunity?
- What solutions have the best demand now that most people are working remotely?
Remote Workforce Culture: Is This Going To Stay?
Before the current pandemic, people were actively seeking remote work options. In fact, Gallups’ research from January 2020 has found that 54% of employees are ready to leave their current job position if they are offered to work from home. The pre-pandemic situation did not favor this concept though; only 7% of private-sector employees in the United States worked from home regularly- as found by the U.S. Bureau of Labor Statistics’ National Compensation survey.
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Obviously, things have turned around with the appearance of the COVID-19 pandemic, and the demand for remote work has dramatically increased.
What was once perceived as an unnecessary demand is now a survival strategy for businesses, and the number of remote workers has skyrocketed. As of the research done by SHRM, 64% of employees are now remotely working from home. To support this data, you can look at Gallups’ other research, which confirmed that 62% of employees in the U.S. are remotely working during the pandemic.
Employees and Employers Play The Major Role In Adoption
Society wants a work-life balance, and people want to confirm if they can make it by turning remote work into the new normal. Although multiple variables need to be considered to determine the answer, employers and employees have the strongest influence on it. Remote work offers unmatched convenience to employees and allows them to save on money by removing the commuting expense. Studies have found employees favoring remote work for higher productivity and preferring out-of-office set up for tougher projects.
For employers, adopting remote workforce culture helps in dramatic cost reduction. Major cost reduction is done due to office and real estate cost elimination. Global Workplace Analytics found that businesses can save on an average of $11,000 just by transitioning one part-time employee to a remote. IWG also found in their survey that 69% of millennial employees are ready to trade other benefits with the flexible work option- leading to more savings for businesses.
Cameo Of Cybersecurity Threats With Remote Workforce
With both employees and employers experiencing the benefits that remote workforce culture offers to both parties is helping it to establish itself as the “new normal.” That said, challenges are still there to solve. Either working from the office or home, employees have to handle confidential business data, and not all of them get the chance to receive proper internet security training on it.
iPass did a study where 57% of CIOs claimed to have the suspicion that their remote workers were somehow hacked or faced security threats. The increase in the number of remote employees has also accelerated the number of cybersecurity threats, leading to the need for safer data security systems as an alternative to conventional VPN offers.
Enhance Remote Work By Adopting An Employee Monitoring Tool
No matter where your employees plan to work from, their performance needs to be monitored to ensure stable output and increased productivity as planned. That’s why to invest in the CloudDesk® remote employee monitoring software. It is an affordable solution for keeping track of remote employee work hours, and your business can utilize it to monitor employee engagement no matter what the size is.
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With this tool, you are able to enhance remote work culture and help employees to perform better by themselves. It keeps the records of employee logins so that you will know whether they are attending to work. It helps to analyze individual employee performance by showing productivity and idle times. As an investor or manager, you want to make sure that employees are using work hours in the right way, and this analysis will help to do so. Using this data, employees can create what is called “the optimum schedule” of work, and manage to provide better output.
Employers can also detect any malpractice or performance degradation with this tool as it keeps a tab on running apps and web usage, and ensure proper employee engagement with the periodic pop-ups option.
The software supports remote work culture by allowing flexible hour work. Employees can pause the time clock whenever they need to; thus eliminating the need for a day off for personal emergencies or social activities. Invest in the remote employee monitoring software so that a good culture, supported by both sides, can be built within your organization.
People are moving ahead despite the barriers made by the COVID-19 pandemic, and they are successfully turning remote work into the “new normal.” As an investor, you need to give a deeper look into the data security space of this system. To survive in the current environment, you need to create a smart, secure, and adaptive workforce. Innovative and relevant solutions like employee monitoring tools will help to stable revenue and support growth, so consider them to utilize for long term survival and create a suitable remote workforce culture.