In this constantly evolving world both economically and technologically the concept of in-office seems to be best left behind in the 20th century. Especially with the increased need for people to work from home due to the covid-19 pandemic, organizations around the globe have been thrust into working remotely. At first, glance, seeing what’s going on in your business seems like the best approach to running a growing company. Many small industries are now generating virtual boards that work remotely – in many cases hundreds or thousands of miles away from each other.A survey has shown that maximum organizations currently have more than 80% of their employees working remotely during this pandemic situation. Few organizations are saying that around 60-85% of their employees were already virtual. Organizations are more likely to hire virtual employees in this situation.
This is why it’s no secret that the concept of having a virtual workforce in an organization is rapidly becoming the new norm.
About virtual workforce
A virtual workforce is a group of virtual employees working remotely for an organization. These virtual workers are spread across several locations around the world. Sometimes distributed across different time zones but unified by similar objectives.
Virtual employee services are brought together by technologies that smoothly run on the cloud and help them to communicate while working remotely.
Therefore managing a global virtual workforce comes with so many advantages. Creating a virtual workforce poses many benefits that can assist your business meet the required products in the world of remote working. Here are some major benefits of utilizing a virtual workforce for your company that will motivate you to engage more virtual employees for your company. Those are discussed below:
Higher loyalty rates are found in a virtual workforce
Even though employees are working remotely from their home or any other locations as per their choice, being part of a virtual team makes them feel important and that their opinion matters. Moreover, as managers, giving your team some flexibility is a good way to assist them to provide fair feedback.
Businesses can be working 24/7
In the past, people worked all day long to finish their office shifts, but today they can take advantage of the global nature of virtual collaboration, data governance, and working in different time zones. That means, the effort of smart virtual staff never needs to be stopped, keeping them ahead of the schedule.
Makes a satisfying employee
Those employees are considered to be happier and healthier who can telecommute as they have more control over their employment conditions. There is more flexibility provided with a virtual workplace to balance hobbies than there is with a traditional one. Being a part of the virtual team, a virtual employee is considered to be the more promising and happier one.
Employees on a virtual workforce take fewer days off
Work from home or remote working (telecommuting) as a virtual staff lessens the chances of taking sick leave. Many workers in the virtual workforce find themselves working for a prolonged period and more days. In return, they get an opportunity to work in a way that is beneficial to them for a balanced life.
Huge rise in productivity
Some employee’s involvement in a virtual team is strengthened such that their productivity increases by more than 40%. An effective virtual workforce observes productivity rise at least 10% even in the worst-case scenario. Hence, most employees achieve more tasks when they do not need to be physically present at the office.
Considering the real office, increasing your staff often requires moving into a larger office space. Nonetheless, with a virtual workforce, you can schedule your business plan without bothering about how much more square footage you require. There’s no necessity to be concerned about rising leverage, heating, and air conditioning expenditures. Research has shown that companies that do not have to pay for office space and supplies can save quite a bit in a year.
Lower overhead costs.
If you run your company virtually, you don’t have to worry about leasing office space, buying new furniture, paying for utilities, etc. Even if you establish the main office with just a few employees, you won’t need to lease nearly as much office space.
The organization has access to a larger pool of talent
When an organization builds a virtual workforce, they are no longer bound to the skills and talents available within the internal workforce and their local community.