Today the information age has ushered in a new employee management style that many embrace. The option to work remotely is no longer a way to reward performance or responsibility. Thanks to the ease of creating virtual work environments, the need for a centralized office space is becoming less necessary. However, one-on-one collaboration still trumps a video call, which dwarfs a phone call, which miles better than an email. But what’s the cost of being able to accommodate in-person, internal communication?
The Daily Commute
According to the U.S. Census Bureau, the average travel time to work is 27.6 minutes. Which equates to 52.8 minutes traveling every day. If you think that sounds like a lot, then this next number is really going to hurt. On an annual basis, the average worker spends 13,200 minutes traveling to and from work. Or more simply stated, a little more than nine days a year.
There are two ways to look at this number. First, if you earn a salary and you utilize public transportation, you can use this time to get some work done. However, if you work hourly, tasked with driving yourself, these nine days, or 220 hours, really hurt. Particularly from a time and monetary perspective, since you have to pay to fuel your vehicle. Not to mention the feeling of work burnout.
Project-Based Work
The daily grind has generally meant getting up, going to work, and going home. All while taking care of personal matters outside of work hours. The 9 to 5 convention predominantly exists because managers need to monitor employee output to achieve efficiency. Up until the advent of the internet the primary way to oversee productivity was having a manager on site. But as we venture deeper into the information age, countless tools continue to pop up. Many of these allow employers to better measure their employee’s productivity, no matter where in the world they are located. When you break down how a company operates you’ll inevitably discover all work happens in a project-based methodology.
Employees are assigned tasks that are dictated by achieving the ultimate objective(s) of a project. A going concern business will always have projects because that is part of obtaining new and guarding existing markets shares. When a project is properly laid out with an adequate number of defined milestones, then it really shouldn’t matter when an employee is working from home. So long as the employee doesn’t need access to any physical resources located at a work site. Although unfortunate for blue-collar laborers, this is encouraging to those preferring autonomy at work.
Finding and Retaining Talent to Work Remotely
Sometimes offering the opportunity to work remotely is a means to attract and retain talent. With the current unemployment rate near record lows at 3.8% in the US, that translates the job market being in favor of the job applicants. Reason being that if a company is looking to hire someone to fill a position, there are not that many available workers from which to choose. This means employers must devise ways to attract talented people through less orthodox ways than just offering tons of money. According to a recent Slack survey, 85% of employees prefer a workplace that provides the option to work remotely.
We here at VTR subscribe to the remote work philosophy. Our team is required to be in the office from 9 to 4 on Monday, Tuesday, and Wednesday for in-person collaboration purposes and then everyone is given the option to work from where ever they would like Thursday to Sunday. We allow our team members the opportunity to catch up on work over the weekend in case they need to utilize some of those workday hours on Thursday and Friday to attend to personal matters or find that work life balance.
A survey on the topic of working remotely showed that 82% of employees reported reduced stress, 80% saw improved morale, and 70% reported improved productivity. We’ve seen an improvement in all three of these areas as well.
Should Your Employees Work Remotely?
Ultimately, offering the incentive for employees to work remotely is a wise decision on multiple levels. However, it is not a policy to take lightly as it requires special, and sometimes costly tools (i.e., VPNs, virtual timesheets, etc.) as well as a certain level of trust that the talent you hired will not abuse the policy. You can expect the trend of remote work opportunities to grow, not only to attract new hires but to retain the talent you’ve already found and in which invested heavily.
To learn more about improving your business, consider taking one of our Business Strategy courses for HRCI/SHRM or APA credits to learn more about these necessary skills.
Article written by Vaughn Pourchot
Last updated March 10, 2023
