As the year draws to a close, now is the time to examine your business model and see what is working and what is not going to get into the New Year.
By 2018, you might want to consider making a big change that many other companies have already adopted: abandon the workday from 9am to 5am.
The future is distant
This may seem shocking, but CNN Money reports that "the number of teleworkers has increased 115% in a decade" and will only continue to increase in the future.
One of the reasons why the "work at home" trend is here to stay is that the traditional workplace has become increasingly toxic.
As our lives have become more loaded and laden with technology, workplaces are demanding more and more employees: the American Institute of Stress reports that 46% of American stress comes from the workplace , which is the most common source of anxiety. the poll. Add a ride and inflexible hours to this 9-to-5, and you have a recipe for disaster.
Fast Company reports that "the pace at which we are exposed to information today is overwhelming to our brains, who have not adapted quickly enough to easily separate relevant data from irrelevant data. speed at which we ask it. "
It's there that remote work works beautifully; If your team is self-motivated and self-managed, they can do their job and then ensure a better balance. Using technology to your advantage by allowing your team to work remotely will prevent high voltage and burnout. Teleworkers end up working more than eight hours a day and, in addition, 91% report feeling more productive and happier.
The Millennium Factor
Another big reason the 9-to-5 is about to come out is the rise of the millennial generation in the job market. HuffPost reports that by 2020, the millennium generation will become the largest generation of workers. Keeping this in mind, perhaps now is the time to re-evaluate the structure of your workplace. Moving from a traditional office space to a 9 to 5 hour schedule could be a good decision for your business, financially and socially.
According to a study by Bentley University, 77% of Generation Y members report having flexible work hours, which makes them more productive, and flexibility is more important than a higher salary for many workers. A staggering figure: "76% of Generation Y members interviewed by Qualtrics would take a pay cut of at least 3%" to work for an organization with flexible schedules.
Companies that do not move tradition pay the price: Forbes reports that "60% of generation members leave their business in less than three years." Considering the cost of recruitment and training needed to replace employees, losing your Millennial employee will cost at least 20K to your business.
The old ideas about business loyalty and service for life are out of the window in the modern workplace; Millennials, perhaps in response to the 2008 recession, are cautious about the possibility of devoting their lives to a cell. By giving your team the option of working at home a few days a week, you will gain an edge over your most demanding competitors.
The advantage for business
Now, you should absolutely pay your employees well for their work, but by dismantling the 9 to 5 of your office, you reduce the costs of maintaining a physical office space, the cost of technology for employees, and the price of business activities.
According to Entreprenuer.com, a typical business would average $ 11,000 if it allowed employees to work at home half the time.
Not only do you save money, but you open up new opportunities for businesses. Working with a virtual team means that you can choose the positions you want to stay in the house, and what can be done remotely.
It might be a good idea to keep your staff at the office, but marketing, advertising, and reception are all smart areas to outsource. Business to Community says, "It's important to know how to use your own talents and talents on your team, and sometimes the best option is to outsource tasks that take a lot of time and resources, but become essential for a solid marketing plan. "
This transition does not have to be dramatic. By offering "work from home" days as a test, you can show your team that you appreciate their time and test it before moving on to action. Experts predict "nine to five death" by 2030, so make sure you're ready for a dynamic and flexible work environment.