Capture the benefits of remote working
For the first time ever, most knowledge workers are working from home.
Reading this right now, it’s more likely that you are working from your home than in an office. The ongoing transition towards remote work environments is an immediate challenge and an enormous opportunity. We can help you maximise the value from this transformation.
Here are five ways your organisation can benefit from remote work and how you can capture the value from this change to “business as usual”;
1. Productivity & Collaboration
On average information workers are 35% more productive, with an output increases of 4.4%
We recommend enabling teleworkers by integrating remote working software with your management software. In one client we drove a 70% increase in productivity by allowing digital management of critical documentation. We can safely collaborate on files with remote workers by using the latest technology in data protection and data loss prevention to enable secure productivity.
With stronger autonomy, workers produce results with 40% fewer quality defects.
To help workers capture this improvement, and drive continued autonomy, we recommend enabling them with process automation software, that allows them to automate their own workflows and securely integrate with core systems. Automation of repetitive tasks will play a key role to enable remote workers to be as effective and productive as possible.
Employees who work remotely have a 41% decrease in absenteeism.
We recommend implementing remote sentiment tracking to allow teams to understand who could do with a bit more contact, who may need additional assistance and who is available and willing to help.
We perform sentiment tracking for each of our client projects and as a company as a whole. This is an ongoing and essentially automated part of our business process.
During this time, with employees working from home, it is essential to track both employee and client sentiment. By identifying those in need of attention, you can take action before sentiment gets too low.
Employees have a 12% turnover reduction after being offered remote work agreements. One in three employees would likely choose the ability to work remotely instead of receiving a pay raise. Likewise, 37% of tech professionals – among the highest-paid workers – would take a 10% pay cut in exchange for the opportunity to work remotely.
Decreasing turnover by one person could easily save your company $10,000 this year – and that’s a realistic number that you could achieve by implementing a telework policy. The impact of telecommuting on employee retention is among the least controversial findings. 95% of employers say that telework has a high impact on employee retention1 .
Harvard Business Review reported more enlightening findings of cost savings of teleworkers. In essence, teleworkers are more productive, more willing to work overtime, and best of all—more likely to stay with your company longer2 .
It doesn’t happen overnight, but an advanced workplace strategy is realistic for many companies and workers. It requires planning and forethought as well as an intuitive, robust communications system that will keep your teams unified.
Organisations must embrace tools and habits that enable employees to swarm around a project before dispersing to the next dynamically. Microsoft Teams is a great way to allow employees to self-form teams around important projects by organising conversations, files, meetings and tools into a single hub for teamwork. The entire team, including outside consultants, can access everything they need to move a project forward.
Ultimately, business is about maximising the bottom line. Flexible work options also give most companies the ability to manage fixed and variable cost more effectively.
83% of companies that utilised remote work in 2018 reported increased profits3 .
Organisations who focus on teleworking save on average $11,000 a year per employee4 .
Most companies have never needed to plan this quickly and with such precision with these variables, therefore, don’t have the tools, processes or expertise to deal with them with the speed and agility needed.
There’s no doubt that the recent changes in the way we work will have a huge impact on everyone. But we believe that people and companies that adapt and overcome the current obstacles will be made stronger. ABM Systems wants to help you and your organisation leverage technology to transform your business.
Please feel free to reach out to us directly if you have any questions.
Team ABM Systems