There are many benefits to the virtual office including, but not limited to:
- Employees value telecommuting as an added benefit.
- Increased flexibility can lead to a decrease in stress and increased morale.
- Results-based focus can lead to more task-oriented achievements.
- A "greener" company and a smaller carbon footprint.
- It can result in a substantial savings in overhead expenses.
- Often increases communication among teams.
- Trust and integrity are the cornerstones for success, thus building a stronger group of employees.
The ability to telecommute at least part of the time is valued very highly among employees. Not only does it give them more time, it also saves money and allows them to work where they are most comfortable and in some jobs, when they are most productive.
Since virtual offices focus on results-based performance, productivity can often increase. Telework Exchange performed a study of Federal managers, of which 66% of managers who manage teleworkers find that teleworkers are as productive as their in-office counterparts. (“Face to Face with Management Reality - A Telework Research Report.” Telework Exchange. 1/22/07. http://www.teleworkexchange.com/managementstudy/.)
However, if you're trying to boast a "greener" company, it's important to note that the environmental impacts alone are enormous. (The following statistics are from The US General Services Administratrion - Telework Exchange: http://www.teleworkexchange.com/pdfs/The-Benefits-of-Telework.pdf.)
- Total GSA Telework Work Trip Miles Saved By Teleworkers = 4,735,146 Single Occupancy Vehicle Miles.
- Total GSA Telework Work Trip Gas (gallons) Saved by Teleworkers = 220,239.3 Gallons.
- Total GSA Telework Work Trip Emissions (tons) Saved by Teleworkers = 2,299.5 Tons.
Believe it or not, working virtually has been in practice for years. There are a number of technological advances that make such work not only possible, but secure and successful. The number of Americans whose employer allows them to work remotely at least one day per month increased 63 percent, from 7.6 million in 2004 to 12.4 million in 2006. (Source: The Telework Advisory Group for World at Work. http://www.workingfromanywhere.org).
It often increases communication among teams simply because they are put into programs and tools that facilitate communication and collaboration such as instant messengers, document sharing programs, and virtual conferences.
Ownership of smartphones and tablets are on a rise and the majority of larger businesses offer WiFi, but we can always connect via 3G on these devices. We have the ability, more than ever, to work from anywhere. Which circles back to the idea of flexibility. When employers offer that leeway, then employees tend to give back as well. For example, "Susan has to travel for business, but since she has a few extra hours to take care of her family before the trip, she might be more likely to work at the airport while waiting for her flight or in the hotel later that evening."