KEY BENEFITS OF VIRTUAL OFFICES
Virtual businesses have been on the rise for more than a decade, and they show no signs of slowing down. Here are seven ways your employees, and your business, can benefit from a virtual office:
1. No commute time.
Two or three hours every day that used to be spent getting ready for work and traveling to the office is now spent working. Because of that, productivity increases and employees are more focused.
2. Employees are easily more active.
A few years ago, researchers at University of Sydney’s School of Public Health in Australia released a study that found sitting at your desk for more than 11 hours a day increased your risk of death by more than 40 percent in the next three years regardless of other activity. Working remotely staff will naturally move around more if they're not chained to a desk at an office every day.
3. Flexibility means using less vacation days.
Want to have "donuts with dad" in your child's third-grade class? It's not a big deal because you can make up the time later. Prefer to work out at lunchtime? No problem—you have a shower in your office now.
4. Access to worldwide talent.
Gain a customer in Hong Kong and need someone to be there once a week? That's no problem if you have a virtual office. The company can now hire more efficient and capable candidates from even faraway locations. Thus they get a wider resource pool to choose from.
5. Less overhead.
There's no office lease, no utility payments, no hardware and none of the associated costs that come with having a brick-and-mortar space. All that savings can not only be passed along to clients, but it also affects your profit margin, allowing you to invest more in your people.
6. Save money on technology. By working remotely, employees can have the technology they prefer, and they're responsible for upgrading it when it's convenient for them. While there are a few cyber risk concerns with not having company-provided technology, that's fairly easy to manage with a password tool, monitoring and employee training.
7. Productivity increases. Because you go from monitoring when people arrive to work and when they leave to establishing specific goals, you'll see an increase in productivity almost immediately. Letting employees work remotely should also decrease turnover because people are generally happier to be able to do their jobs and not have to deal with the drama that comes along with putting a bunch of people in an office together.
To see how Basepoint can help you with your Virtual Office click visit: yourvirtualbase.co.uk.