A virtual office is one that facilitates businesses to work from any location by using a laptop or a cell phone with internet access. A virtual office can provide savings and more flexibility to employees. What are the advantages of a virtual office over a physical one? Read on.
Increased levels of productivity
Employees who work virtually need not spend time commuting to the workplace. They can actually save some valuable time and use it to work more productively. At the same time, they can also devote time to their family or for other responsibilities. This means employees will be able to achieve a better work life balance. These days, the younger generation seems to prefer working virtually as they do not have to adhere to any dress code or traditional work hours. This means greater flexibility. Eventually, this may even lead to retention of employees. This is a win-win situation for the organization and the employees.
When you are working virtually, it means you don’t have to commute to office in cars or buses. This decreases vehicle emissions and the usage of fuel. It also means you do not have to face traffic jams. Environmental pollution is a rising menace. So if you have the option to work virtually, then go for it.
One of the advantages of a virtual office is the cost-saving factor. An organization will not have to spend money for a building, as there is no actual physical office space. There is no rent to be given and there is no expenditure to be spent on furnishing or for buying equipment. There are fewer non-operational-related liabilities. Employees can use their own technology. Organizations, in turn, can save money. Cyber risks are there when employees use their own technology but it is easier to manage with a password tool.
An organization gets access to world-wide talent when its office is virtual. Employers can hire somebody from Hong Kong or from any part of the world, and this prospective employee can work from his or her place.
Human resource management
In a physical office, the human resources management has to handle employment and relations. This means the management has to handle legal issues, taxes, benefits, ombudsman concerns etc. When employees work virtually, these concerns are almost not there.
The virtual office seems to be the future of businesses. A virtual office space helps in developing business and offers all the advantages of a physical office.