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Work From Home Is The Future

Five Reasons why Working from Home is the Future 


THE TREND OF WORKING FROM HOME-AS TELECOMMUTER OR FREELANCER-IS DEFINITELY ON AN UPSWING DESPITE LARGE COMPANIES INCLUDING YAHOO, BANK OF AMERICA AND IBM AMONG OTHERS HAVING RECALLED THEIR EMPLOYEES BACK TO WORKPLACE. Without a doubt, WORKING FROM HOME DOES POSE MAJOR CHALLENGES TO EMPLOYERS. 


Efficiency OF AN EMPLOYEE SPIRALS DOWNWARDS-WHICH WAS OBSERVED BY SOME TOP EMPLOYERS. THERE ARE NO WAYS TO DETERMINE HOW MANY HOURS AN EMPLOYEE HAS SPENT ON WORKING FROM HOME SINCE THE SYSTEM PERMITS FLEXIBLE HOURS. However, DATA FROM VARIOUS SOURCES CLEARLY INDICATES THAT WORKING FROM HOME IS A TREND THAT WILL GROW IN FUTURE. 


Key Indicators 


As per 'THE 2017 STATE OF TELECOMMUTING IN THE US EMPLOYEE WORKFORCE' REPORT, 3.9 MILLION EMPLOYEES OR 2.9 PERCENT OF THE TOTAL AMERICAN WORKFORCE DID ALL OR PART OF THEIR WORK FROM HOME DURING 2015-2016, INDICATING A 115 PERCENT INCREASE OVER 2005. THIS REPORT WAS COMPILED BY FLEXJOBS AND GLOBAL WORKPLACE ANALYTICS. US BUREAU OF LABOR STATISTICS FIGURES ALSO REFLECT THIS TREND. 


A REPORT BY NASDAQ INDICATES, OVER 43 PERCENT OF AMERICAN WORKFORCE WILL CONSIST OF FREELANCERS BY THE YEAR 2020. IN 2016, SOME 53 MILLION AMERICANS OR 36 PERCENT OF THE COUNTRY'S TOTAL WORKFORCE WERE FREELANCERS. 


Taking into account these STATISTICS FROM HIGHLY RELIABLE SOURCES, IT IS EVIDENT THAT WORKING FROM HOME IS THE FUTURE OF EMPLOYMENT. 


Work from Home and Future 


THERE ARE SEVERAL REASONS WHY WORKING FROM HOME IS RAPIDLY GAINING MOMENTUM. THE TREND IS NOT RESTRICTED TO US ALONE. Measurements FROM EUROPE AND DEVELOPING ECONOMIES OF ASIA ALSO REFLECT THAT WORKING FROM HOME IS THE FUTURE OF EMPLOYMENT, INCOME AND WEALTH GENERATION. 


Reason-1: Eliminating Long Commutes 


A 2016 STUDY BY AUTO INSURANCE CENTER (AIC) INDICATES, AN AVERAGE COMMUTER SPENDS 42 HOURS A WEEK AND US$960 IN TRAFFIC SNARLS, WHICH IS MUCH HIGHER THAN WORK HOURS. Discoveries BY THE US CENSUS BUREAU IN REVEALS, AMERICAN EMPLOYEES WASTED A COLLECTIVE 3.4 MILLION YEARS CALCULATED IN MAN-HOURS ON COMMUTES. 


As indicated by US BUREAU OF LABOR STATISTICS, PRICES OF GASOLINE ARE 75.81 PERCENT HIGHER IN 2018 COMPARED OVER THE YEAR 2000. AIC FIGURES ALSO INDICATE, 86 PERCENT OF AMERICANS COMMUTE IN OWN VEHICLES. 75 PERCENT OF THESE DRIVE ALONE. Holding up AT TRAFFIC JUNCTIONS AND SNARLS WASTES 19 GALLONS OF GASOLINE PER COMMUTER EVERY YEAR. 


LONG COMMUTES CAUSE STRESS, ADVERSELY IMPACTING PRODUCTIVITY OF EMPLOYEES. Misuse OF GASOLINE AT A TIME WHEN THE WORLD IS COMBATING GLOBAL WARMING BORDERS ONTO BLASPHEMY. GIVEN THESE CIRCUMSTANCES, A LARGE NUMBER OF COMPANIES WILL ENCOURAGE TELECOMMUTING JOBS OR HIRE FREELANCERS. 


Reason-2: Employee Productivity 


Efficiency LEVELS OF TELECOMMUTE EMPLOYEES RANKED AT 7.7 WHILE THAT OF OFFICE-BOUND STAFF STOOD AT 6.5 ON A SCALE OF 10, ACCORDING TO A 2017 STUDY BY CANADA LIFE. THE STUDY CITED THREE MAIN REASONS FOR HIGHER PRODUCTIVITY AMONG HOME-BASED WORKERS OVER THEIR OFFICE GOING COUNTERPARTS. 


Naturally, HOME-BASED WORKERS HAD RELATIVELY LOWER STRESS LEVELS BECAUSE THEY DID NOT NEED TO COMMUTE DAILY. End OF COMMUTES ENABLES RELAXED LIFESTYLES RESULTING IN BETTER QUALITY OF LIFE. Besides, WORK FROM HOME MEANS EMPLOYEES COULD DISPENSE WITH THE NEED TO DRESS INFORMAL, OFFICE ATTIRE-WHICH ALSO HELPED REDUCE TIME OTHERWISE SPENT ON PREPARING FOR THE DAY'S WORK. 


Most importantly, TELECOMMUTERS REPORTED THEY WERE ABLE TO FOCUS BETTER WHEN WORKING FROM HOME: THERE ARE NO DISTRACTIONS PECULIAR TO ANY OFFICE SUCH AS FREQUENT TELEPHONE CALLS, BUZZ AND CLUTTER, PESKY COLLEAGUES AND IRATE BOSSES. 


Reason-3: Reducing Staff Attrition 


Allowing EMPLOYEES TO WORK FROM HOME HAS SHOWN EXCELLENT RESULTS IN TALENT RETENTION AND LOWER STAFF ATTRITION. THIS IS A MAJOR ADVANTAGE THAT EMPLOYERS ARE NOW EYEING. SINGLE PARENTS AS WELL AS HIGHLY SKILLED PROFESSIONALS WHO CANNOT COMMUTE DAILY CAN BE RETAINED BY OFFERING WORK FROM HOME JOBS. 


STUDIES CONDUCTED BY SOCIETY FOR HUMAN RESOURCES MANAGEMENT AND OTHER ORGANIZATIONS INDICATE, EMPLOYERS BEAR THE BRUNT OF STAFF ATTRITION. THEY INDICATE, ORGANIZATIONS STAND TO LOSE SIX TO NINE-MONTH SALARY OF A DEPARTING STAFF BY MEANS OF TRAINING AND HIRING COSTS. HIGH ATTRITION AMONG LOWER INCOME WORKERS OR THOSE DRAWING US$30,000 AND LESSER CAN COST AN EMPLOYER AROUND US$3,500 OR ABOUT 16 PERCENT OF THE EMPLOYEE'S ANNUAL WAGES. THE FIGURE INCREASES FOR HIGHER LEVEL POSITIONS. 


Natural COSTS ALSO INCLUDE ADVERTISING A VACANCY, MAN-HOURS SPENT IN INTERVIEWING JOBSEEKERS, LOSS OF PRODUCTIVITY DIRECTLY LINKED TO ATTRITION, TRAINING EXPENSES, AND NEGATIVE PSYCHOLOGICAL IMPACT ON COWORKERS. 


Reason-4: Attracting Better Talent 


AS COMPETITION IN ALL SECTORS OF THE INDUSTRY INCREASES, COMPANIES ARE FACING INCREASING DIFFICULTIES IN ATTRACTING EXCELLENT TALENT. Exceptionally QUALIFIED AND SKILLED PERSONNEL ARE USUALLY UNWILLING TO RELOCATE. Recruiting LOCALLY PROVES HARD IF A SPECIFIC SET OF SKILLS REQUIRED BY AN ORGANIZATION ARE UNAVAILABLE. 


IN SUCH SCENARIO, COMPANIES ARE ABLE TO ATTRACT BETTER TALENT BY OFFERING TELECOMMUTE OR WORK-FROM-HOME JOBS. Far off WORKING MAKES IT POSSIBLE FOR ORGANIZATIONS TO SOURCE TALENT FROM ANY DISTANT LOCATION WITHIN OR OUTSIDE THE COUNTRY. 


Moreover, EMPLOYERS ALSO SAVE ON RELOCATION COSTS THEY WOULD OTHERWISE INCUR ON GETTING AN EMPLOYEE TO THEIR LOCATION AND PERKS THAT GENERALLY ACCOMPANY HIGH SKILLS STAFF MOVING FROM THEIR HOMETOWN. Far off WORKING OR TELECOMMUTING DISPENSES THE NEED FOR HIGHLY SKILLED STAFF TO ADJUST TO A NEW WORKPLACE AND GEOGRAPHIC LOCATION. 


Reason-5: Lucrative Freelancing 


Worldwide PAYMENT GATEWAY PAYONEER, IN A SURVEY, COVERING 180 COUNTRIES AND OVER 23,000 RESPONDENTS FOUND, FREELANCERS, EARN MUCH HIGHER THAN OFFICE-GOERS. AS NOTED EARLIER, FREELANCE WORKFORCE IN AMERICA AND ELSEWHERE IN THE WORLD IS ON THE RISE. Different STUDIES INDICATE, individuals who favor locally situated employments EARN BETWEEN 18 PERCENT AND 23 PERCENT HIGHER INCOME THAN THEIR OFFICE-BOUND COUNTERPARTS. 


Also, FREELANCERS IN MOST COUNTRIES BENEFIT FROM TAX EXEMPTIONS TRADITIONALLY UNAVAILABLE TO THOSE HOLDING FIXED JOBS. THE RISE IN NUMBER OF PLATFORMS WHERE FREELANCERS CAN FIND AND BID FOR PROJECTS, AS WELL AS CROWD-SOURCING, IS FUELING THE INCREASE IN NUMBER OF PEOPLE THAT PREFER TO WORK FROM HOME. 


ORGANIFive Reasons Why Working from Home is the Future 


THE TREND OF WORKING FROM HOME-AS TELECOMMUTER OR FREELANCER-IS DEFINITELY ON AN UPSWING DESPITE LARGE COMPANIES INCLUDING YAHOO, BANK OF AMERICA AND IBM AMONG OTHERS HAVING RECALLED THEIR EMPLOYEES BACK TO WORKPLACE. Without a doubt, WORKING FROM HOME DOES POSE MAJOR CHALLENGES TO EMPLOYERS. 


Efficiency OF AN EMPLOYEE SPIRALS DOWNWARDS-WHICH WAS OBSERVED BY SOME TOP EMPLOYERS. THERE ARE NO WAYS TO DETERMINE HOW MANY HOURS AN EMPLOYEE HAS SPENT ON WORKING FROM HOME SINCE THE SYSTEM PERMITS FLEXIBLE HOURS. However, DATA FROM VARIOUS SOURCES CLEARLY INDICATES THAT WORKING FROM HOME IS A TREND THAT WILL GROW IN FUTURE. 


Key Indicators 


As per 'THE 2017 STATE OF TELECOMMUTING IN THE US EMPLOYEE WORKFORCE' REPORT, 3.9 MILLION EMPLOYEES OR 2.9 PERCENT OF THE TOTAL AMERICAN WORKFORCE DID ALL OR PART OF THEIR WORK FROM HOME DURING 2015-2016, INDICATING A 115 PERCENT INCREASE OVER 2005. THIS REPORT WAS COMPILED BY FLEXJOBS AND GLOBAL WORKPLACE ANALYTICS. US BUREAU OF LABOR STATISTICS FIGURES ALSO REFLECT THIS TREND. 


A REPORT BY NASDAQ INDICATES, OVER 43 PERCENT OF AMERICAN WORKFORCE WILL CONSIST OF FREELANCERS BY THE YEAR 2020. IN 2016, SOME 53 MILLION AMERICANS OR 36 PERCENT OF THE COUNTRY'S TOTAL WORKFORCE WERE FREELANCERS. 


Considering these STATISTICS FROM HIGHLY RELIABLE SOURCES, IT IS EVIDENT THAT WORKING FROM HOME IS THE FUTURE OF EMPLOYMENT. 


Work from Home and Future 


THERE ARE SEVERAL REASONS WHY WORKING FROM HOME IS RAPIDLY GAINING MOMENTUM. THE TREND IS NOT RESTRICTED TO US ALONE. Measurements FROM EUROPE AND DEVELOPING ECONOMIES OF ASIA ALSO REFLECT THAT WORKING FROM HOME IS THE FUTURE OF EMPLOYMENT, INCOME AND WEALTH GENERATION. 


Reason-1: Eliminating Long Commutes 


A 2016 STUDY BY AUTO INSURANCE CENTER (AIC) INDICATES, AN AVERAGE COMMUTER SPENDS 42 HOURS A WEEK AND US$960 IN TRAFFIC SNARLS, WHICH IS MUCH HIGHER THAN WORK HOURS. Discoveries BY THE US CENSUS BUREAU IN REVEALS, AMERICAN EMPLOYEES WASTED A COLLECTIVE 3.4 MILLION YEARS CALCULATED IN MAN-HOURS ON COMMUTES. 


As per US BUREAU OF LABOR STATISTICS, PRICES OF GASOLINE ARE 75.81 PERCENT HIGHER IN 2018 COMPARED OVER THE YEAR 2000. AIC FIGURES ALSO INDICATE, 86 PERCENT OF AMERICANS COMMUTE IN OWN VEHICLES. 75 PERCENT OF this DRIVE ALONE. Holding up AT TRAFFIC JUNCTIONS AND SNARLS WASTES 19 GALLONS OF GASOLINE PER COMMUTER EVERY YEAR. 


LONG COMMUTES CAUSE STRESS, ADVERSELY IMPACTING PRODUCTIVITY OF EMPLOYEES. Misuse OF GASOLINE AT A TIME WHEN THE WORLD IS COMBATING GLOBAL WARMING BORDERS ONTO BLASPHEMY. GIVEN THESE CIRCUMSTANCES, A LARGE NUMBER OF COMPANIES WILL ENCOURAGE TELECOMMUTING JOBS OR HIRE FREELANCERS. 


Reason-2: Employee Productivity 


Efficiency LEVELS OF TELECOMMUTE EMPLOYEES RANKED AT 7.7 WHILE THAT OF OFFICE-BOUND STAFF STOOD AT 6.5 ON A SCALE OF 10, ACCORDING TO A 2017 STUDY BY CANADA LIFE. THE STUDY CITED THREE MAIN REASONS FOR HIGHER PRODUCTIVITY AMONG HOME-BASED WORKERS OVER THEIR OFFICE GOING COUNTERPARTS. 


Naturally, HOME-BASED WORKERS HAD RELATIVELY LOWER STRESS LEVELS BECAUSE THEY DID NOT NEED TO COMMUTE DAILY. End OF COMMUTES ENABLES RELAXED LIFESTYLES RESULTING IN BETTER QUALITY OF LIFE. Furthermore, WORK FROM HOME MEANS EMPLOYEES COULD DISPENSE WITH THE NEED TO DRESS INFORMAL, OFFICE ATTIRE-WHICH ALSO HELPED REDUCE TIME OTHERWISE SPENT ON PREPARING FOR THE DAY'S WORK. 


Most importantly, TELECOMMUTERS REPORTED THEY WERE ABLE TO FOCUS BETTER WHEN WORKING FROM HOME: THERE ARE NO DISTRACTIONS PECULIAR TO ANY OFFICE SUCH AS FREQUENT TELEPHONE CALLS, BUZZ AND CLUTTER, PESKY COLLEAGUES AND IRATE BOSSES. 


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Arpit Dubey

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Writer looking to get famous and get fame all at once because life is small.