Reasons Why Companies Should Transition to a Virtual Office

Reasons Why Companies Should Transition to a Virtual Office

Since the spread of COVID-19, working virtually has become the new normal. Before 2020, not many people knew about Zoom or how to maintain client relationships without in-person meetings. A lot has changed in two years. Everyone now knows how it feels to work from home or to spend their days through their computers.

As the severity of the pandemic lessens, many people have looked forward to getting back to a routine at the office. Some people thrive on an early morning routine, quiet drive into work, office banter, and mid-afternoon coffee runs. Others, on the other hand, have become cognisant of how incidental in-office work has now become and thrive in an office space in their personalized environment.

What are some of the benefits to a virtual office?

There is the opportunity for employees to increase their productivity. Commutes, coffee runs and office chatter are no longer part of the daily routine. There is more opportunity for employees to focus solely on their work and the potential to finish daily tasks or projects at a faster rate.

Employers can hire from a broader range of applicants. Employers are no longer restricted to hiring employees within close proximity. There is an opportunity for employers to hire from across the country, or out of country depending on company policies. This can add value because it can provide the workplace with new perspectives and experiences that the company may not have had prior to their virtual network.

A virtual space can allow for a better work-life balance. Instead of spending time commuting or feeling pressure to be the last one working, employees can have more time with family and spend their time doing activities other than their job. Further, it could provide employees with the opportunity to work from other parts of the world. For example, employees could spend winter months in a warmer climate or more time visiting family living out of country or province. This flexibility could keep employees happy and potentially produce more energy towards their job.

It can also allow for the company to expand their client pool. Just like a virtual office can help recruit employees from across the country, it can also provide the same asset for clientele. Clients can choose a company that is best suited to their needs without having to think about accessibility.

Even further, employers can save on costs with a virtual office network. Employers will no longer have to lease/purchase and furnish an office space that can cost hundreds of thousands of dollars annually. Employers can instead use this money elsewhere in their company. For example, employers could use some of this money to provide employees with great mental health or wellness activities.

If you are an employer looking to transition to a virtual office and require new policies and employment contracts that reflect this change, please contact KCY at LAW by filling in an online consultation request or contact us by phone at 905-639-0999 to book your consultation today.