Wisconsin Independent Agent | April 2022 Magazine

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AGENCY OPERATIONS

4 REMOTE WORK CONCERNS YOU'RE MISSING It’s been two years since the world went home to work. So how are we doing? Overall, companies made the transition to remote work and have learned to make it work. Still, as the corporate world faces a decision – to return to the office or to adopt a remote or hybrid work environment – there are plenty of concerns. Employers are concerned about productivity. How are their employees going to remain motivated and productive when they’re not in a physical location? Also, technology issues, cybersecurity, ineffective communication, poor time management all keep employers up at night. Yet while these concerns are certainly real, too many employers are missing some key issues that could impact significantly their remote work experience.

By January 2022, 59% of employees whose jobs can be done from home are working remotely all or most of the time. Another 61% whose workplaces are reopening are opting not to go back to the office. A FlexJobs survey conducted in early 2021 revealed that 58% of employees would “absolutely” look for a new job if they could not continue working remotely. In today’s extremely competitive job market, that potential loss could be devastating to a company. 2. What Companies Can Save If the potential loss of key employees is not enough to have employers looking to embrace remote work, this might: A Global Workplace Analytics study shows that the average employer can expect to save approximately $11,000 annually for every employee who works remotely half of the time.

1. What Employees Want 3. What Retaining Employees Can Mean What’s missing in the conversation is the employee. Today’s employee, having just spent two years working from home, is not ready or willing to head back to an office and a commute. 22 | APRIL 2022 |

wisconsin INDEPENDENT AGENT

Data from Global Workplace Analytics also points to another key benefit for employers: reduction in the cost of turnover.


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