Working from home. The COVID-19 pandemic has transformed what was once inconceivable into a necessity to keep businesses operating.
A Shift Towards Working From Home
There has been a significant shift towards both men and women working from home. The number of U.S. remote employees increased from 17% to almost half of the entire U.S. workforce during the pandemic, and new data shows that most employees prefer to stay at home. Many companies have already begun implementing new work-from-home policies.
Tech giants like Facebook and Twitter are already considering permanent work-from-home positions for employees. Amazon recently reversed course on its aggressive return-to-office plan and announced individual teams will now decide how to work. According to a study from the Federal Reserve Bank of Dallas, nearly 40% of U.S. full-time workers have occupations compatible with operating remotely once the pandemic is over. What many have deemed non-traditional in the past is quickly becoming the norm in many fields of business.
Benefits of Working From Home
A National Bureau of Economic Research study, “Why Working from Home Will Stick,” found employers are more open to work-from-home arrangements for their employees than before the pandemic. Workers are showing they can be productive working at home. Going forward, they plan for at least 30 percent of their employees to work from home at least one full day per week.
Companies also are reaping benefits from remote work. A larger talent pool, increased productivity, and reduced overhead costs are some of these benefits.
Simply put, working from home is here to stay.
With both employers and employees turning to remote work, entrepreneurs should strive to adapt. Making the shift towards remote work will give their businesses a competitive edge and ensure new levels of freedom and growth by having the flexibility to operate anywhere.
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