Should You Let Your Employees Work From Home?
Author: Rob Scalia - Integrated Compensation Systems, Inc.
Posted: August 28th, 2019
Why the rapid growth in working from home? Well, there is a certain allure to working from home. Employees don't have to deal with traffic congestion, they can save on transportation costs and other expenses that come with physically going to work, and it helps improve work-life balance. At the same time, employers can drastically reduce company overhead, attract top candidates, and enjoy the benefits of a more relaxed and happier workforce.
Indeed, according to Global Workplace Analytics, a consulting firm, "Regular work-at-home, among the non-self-employed population, has grown by 140% since 2005, nearly 10x faster than the rest of the workforce or the self-employed."
However, not everyone has had success. A slew of organizations — such as Yahoo, IBM, Aetna, Best Buy and The Bank of New York Mellon Corporation — made headlines when they announced that they would be calling their telecommuters back to the worksite.
Why the about-face? According to the Society for Human Resource Management, it could be due to:
With the work-from-home phenomenon panning out for some employers but not for others, how can you tell if it's right for your business? Here are some tips to help you decide:
The decision to allow employees to work from home should be made after an extensive review of your situation. Get buy-in from the top down to secure input from key stakeholders, including management and rank-and-file employees. You'll also want to consult with labor law experts who can explain the legalities of letting your employees work from home.
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