Why Working From Home Is Here To Stay
Why Working From Home Is Here To Stay
Benefits for employers
If working from home only helped workers, we would be less confident that it’s here to stay. However, it’s worth pointing out that there’s major upside for employers as well. Now that COVID has forced so many companies to try it, it will be hard for them to deny the benefits.
In the first place, since it’s obvious so much work can be done remotely, why should anyone pay for unnecessary office space? In a volatile economy, employers will be looking to slash overhead. Selling off prime business real estate is an attractive option. This trend was already accelerating prior to the pandemic.
A common myth about working from home is that it’s actually ‘shirking from home.’ But another recent study found the opposite was in fact true.
In this study, 900 call center workers were given the chance to work from home for 9 months. Over that time, they substantially outperformed their peers in the office. Callers working from home did 13% more work, working more minutes per shift and making more calls per minute. Their attrition rate was also 50% lower than their colleagues who weren’t working from home, and they reported higher job satisfaction.
All of those numbers represent huge potential value for employers, and suggest working from home could be a win-win. That’s why we think 2020 will be remembered as the year ‘the office’ became obsolete. Among other things.
READ MORE
As the crisis continues, airlines are hemhorraging money. Will airlines survive this crisis? And if so, how?
If you're looking to expand your buying power, you need to check out the best credit cards of 2020. You won't believe some of these extras!
Whether it's an incompetent client or an unhinged attorney, these lawyers' stories of their most outrageous plot twists had us banging the gavel.
There is a reason why shows like Gray's Anatomy and ER are so addictive: Hospital drama is insane, and not just on TV—that stuff happens in real life, too.
Courtroom cases can take months or even years to go in front of a judge. Then, in the blink of an eye, it can all unravel spectacularly.
On TV, courtrooms seem like well-oiled machines. In real life, though? Not so much. These court cases are wild rides from start to finish.
Disclaimer
The information on MoneyMade.com is intended to support financial literacy and should not be considered tax or legal advice. It is not meant to serve as a forecast, research report, or investment recommendation, nor should it be taken as an offer or solicitation to buy or sell any securities or adopt any particular investment strategy. All financial, tax, and legal decisions should be made with the help of a qualified professional. We do not guarantee the accuracy, timeliness, or outcomes associated with the use of this content.
Dear reader,
It’s true what they say: money makes the world go round. In order to succeed in this life, you need to have a good grasp of key financial concepts. That’s where Moneymade comes in. Our mission is to provide you with the best financial advice and information to help you navigate this ever-changing world. Sometimes, generating wealth just requires common sense. Don’t max out your credit card if you can’t afford the interest payments. Don’t overspend on Christmas shopping. When ordering gifts on Amazon, make sure you factor in taxes and shipping costs. If you need a new car, consider a model that’s easy to repair instead of an expensive BMW or Mercedes. Sometimes you dream vacation to Hawaii or the Bahamas just isn’t in the budget, but there may be more affordable all-inclusive hotels if you know where to look.
Looking for a new home? Make sure you get a mortgage rate that works for you. That means understanding the difference between fixed and variable interest rates. Whether you’re looking to learn how to make money, save money, or invest your money, our well-researched and insightful content will set you on the path to financial success. Passionate about mortgage rates, real estate, investing, saving, or anything money-related? Looking to learn how to generate wealth? Improve your life today with Moneymade. If you have any feedback for the MoneyMade team, please reach out to [email protected]. Thanks for your help!
Warmest regards,
The Moneymade team
