Finding, hiring, and training replacements for lost employees represent a significant cost to your organization. Employee turnover can also have ramifications beyond the costs associated with it. Work continuity, employee social relations, and corporate culture can all be affected by a high turnover rate. A virtual work program can help to reduce your company’s level of turnover and attract talented candidates for open positions.
More than ever, employees are looking for a work-life balance. Working parents are looking for a more flexible work arrangement, one that allows them to be productive in their jobs while making time for family. Some employees are balancing their career with their education or other additional commitments. Telecommuting is the perfect solution for these employees.
For companies that have trouble attracting quality talent, the job applicant pool can become nearly infinite with the option of virtual work programs. By offering a telecommuting option, your company would have the luxury of finding the perfect candidate for an open position without any geographical constraints. Footing the bill for relocation costs would become a thing of the past.
If you have concerns about beginning a virtual work program, start small. Begin by allowing qualified employees to work from home just one or two days a week. Monitor their productivity and keep communication open between management and virtual employees. You may find that the benefits far outweigh your concerns.
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