Vector ITC points to 8 benefits of telework and how companies will be able to continue to implement it successfully

Video conferencing, hot desking and agile working were just new and exciting concepts a few months ago, but in 2020, they are a ubiquitous part of business life. In this sense, flexibility has gone from an advantage to a necessity. It also allows for maximizing the return on investment dedicated to technology, facilities and people. That is why Vector ITC, an international technology and digital group, highlights 8 advantages that companies should take into account to implement remote work permanently.

This scenario has changed completely in the last months due to COVID-19. The health crisis has forced companies that had not even considered the implementation of telework, neither in the short nor in the long term, to do so despite the fact that the vast majority were not prepared to face this new situation. In fact, currently around 88% of Spanish companies are teleworking, compared to 4.8% before the crisis who were already teleworking at least part of their working day.

It seems clear that this crisis has acted as an accelerating driver of processes already underway, in terms of changing work habits and the digitalisation of company operations. And although the benefits of telework may differ depending on the economic sector or the business model of the company, this modality has a series of important advantages for employees as well as for companies and society, according to Vector ITC, among them:

  1. Greater autonomy. This is probably the most obvious advantage. The freedom for the worker to organize his tasks allowing him to take responsibility, make decisions and have flexible schedules.
  2. Reduced stress. Being able to have control over their schedule makes the worker less stressed, since, for example, if one day they need to do or go somewhere they can do it and work later. In fact, according to company data, employees who work remotely have 50% less job burnout.
  3. Greater and better family reconciliation. This is one of the main advantages for employees and responds to one of the most important demands of today’s professionals. The difficulty of reconciling work and family life due to company schedules disappears to a great extent as the worker himself decides when and from where he fulfils his obligations.
  4. Saving costs and time. Arriving at the workplace can mean several hours a day for the employee. By teleworking the employee saves that time and can spend it on other tasks. In addition, you also save on travel costs if you use public transport, for example, or gasoline if you drive.
  5. Increased productivity. A happier and healthier worker is more productive. In fact, according to company data, workers are 13% more productive than their non-teleworking counterparts. The flexibility of teleworking gives employees a better work-life balance, which increases job satisfaction and encourages creativity. For example, 70% of teleworkers feel more able to make strategic decisions or pursue new business opportunities, compared to 47% of those working in an office full time.
  6. Reduction of absenteeism by 60% and greater commitment. Flexible working hours significantly reduce absenteeism. This is because, if needed, workers can attend to other obligations without having to take time off work, as they will be able to perform their work later. In addition, the worker makes a greater commitment to the company.
  7. Reduction of expenses. The company can save on office supplies, as well as on electricity and other supplies. Teleworking saves companies up to 30% in infrastructure costs.
  8. Teleworking is better for the environment because there is no need to travel and this reduction in travel means a reduction in traffic and emissions of polluting gases.

The new situation will make it easier for teleworking to take hold once the crisis is over. In fact, according to data between 25% and 30% of workers will be teleworking, at least partially, by the end of 2021. And by 2030, demand for telework is expected to increase by 30% as Generation Z enters the workforce in full.

“It is very likely that many of the changes caused in companies by COVID-19 will become structural. The culture of presentialism that exists in companies could gradually begin to fade, as those responsible are finding that some of the tasks can also be carried out from home with more or less similar results,” says Rafael Conde del Pozo, Director of Digital & Innovation at Vector ITC.

For more information, take a look at the full white paper at the following link (Content in Spanish).