Embracing The Remote Work Norm: 5 Ways A Virtual Office Can Boost Your Business’ Bottom Line
Remote work has become increasingly popular in the last decade, but 2020 saw millions of Americans transition to work-from-home virtually overnight. In an effort to keep employees safe and follow state guidelines, offices around the country cut back or entirely shut down their in-person operations.
While the circumstances are troubling, COVID-19 has allowed businesses to sample both the advantages and drawbacks of a remote workforce. Big-name companies like Twitter, American Express, and Google have extended work-from-home orders until further notice, transforming traditional work and productivity to fit ever-changing regulations. However, it’s not just large corporations that are seeing clear benefits from this new norm. Across the board, businesses are reporting cost savings, increased productivity, and a better ability to recruit and attract talent.
Fortunately, tech advances have enabled companies to keep up with rapid changes, making a remote setup accessible to businesses of all sizes. The accelerated technological evolution has given rise to various digital tools, including virtual offices like iPostal1 (www.ipostal1.com), which have seen a surge in popularity during this transition period. With all the benefits of a physical office and none of the high cost, a virtual office setup can boost your business’s bottom line.
Reduce building expenses
A compelling reason to ditch your physical office space in favor of a virtual one is fewer monthly expenses. There’s no need to rent an office with employees working from home, wasting money and resources on a physical space. Investing in a virtual workplace eliminates building expenses such as maintenance and utilities, allowing you to allocate funds into business building prospects.
A virtual office can oversee everything from call forwarding and voicemail services to check deposits and mail management. With these tasks taken care of, and a lack of in-person visitors, companies can cut back on reception or administrative staff while still reaping the benefits with round-the-clock virtual support.
Companies who’ve implemented remote work have put fears of decreased productivity to rest. Study after study shows workers are more productive, accomplishing more from home than a physical office.
A home office allows each employee to customize their workspace to best suit individual needs and preferences. This flexibility also leads to happier employees who feel more invested in their work. In fact, two-thirds of those working remotely hope to continue after the pandemic ends.
With employees working independently from their own spaces, employers have significantly reduced costs by eliminating the need for supplies, furniture, and technology. Additionally, virtual offices offer cost-saving features like package consolidation, scanning, recycling, and a toll-free number that curious customers can ring at any time.
Expansion & scalability
Companies that utilize virtual offices have flexible and cost-efficient opportunities for expansion. On the one hand, there’s no need to be concerned about outgrowing a physical space. Remote work allows you to bring on additional team members without worrying about cramping tiny office spaces.
Virtual offices also allow for geographic expansion. You can adopt an address and phone number in any location, giving you access to a physical presence without tying you down in one place.
The bottom line
COVID-19 has redefined how offices operate, and there’s no doubt many of these changes will become permanent after the pandemic dies down. Although abrupt, employers and employees alike have adjusted to telework, unlocking numerous advantages and running with improved productivity.