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What researchers have learned through studying trends and reactions about remote work may surprise you. Read on for some of the top insights into the future of remote work and how your business can adapt accordingly.
1.The percentage of people working remotely is only expected to increase
The trend of people working outside of the office setting is expected to continue. Forbes recently highlighted a survey that found that working remotely was expected to double in 2021. Looking further into the future, it’s predicted that 70% of the workforce will be working remotely by 2025.
2. Some industries have better potential for future remote work than others
Industries that have the least potential to integrate remote work into their future are ones that rely on physical care, labor, or the operation of machinery, like a construction worker or a dialysis nurse, and tasks that rely on collaboration and have a greater impact on success when done in person, like an elementary school teacher. Overall, however, the sectors that have the most potential for remote work are concentrated with workers with college degrees or higher.
3. Productivity doesn’t have to suffer when working remotely
How to monitor and improve productivity when working remotely has been a large area of concern for managers and other business leaders who were thrown into the work-from-home waters headfirst. The data now proves it – we can work remotely without losing productivity. In fact, many people report feeling more productive when working outside of the office, and employers report feeling more confident in staff productivity as the popularity of remote work increases.
4. A remote work plane requires frequent, robust communication
According to McKinsey and Company, the lack of communication around future of work planning is a high source of anxiety for over half or remote workers, leading to lower levels of employee satisfaction and productivity, adding that businesses who have clearly articulated policies around their future of work plans have noticed employee productivity and well-being on the rise. Even if the future is uncertain or policies are undecided, employees expect to be kept abreast of updates.
5. A remote work place requires a different type of performance management
Forbes predicts that “rethinking how goals are set and identifying key performance metrics will be critical to managing remote workers in the new normal”. Employee well-being and engagement will be essential factors when it comes to delivering high-quality work performances. Part of that can be achieved through thoughtful digital planning.
6. A hybrid work model may be the way to go
Simply speaking, a hybrid work model combines remote working with time in the office. Target, Ford, Microsoft, and Amazon have all announced plans to implement a hybrid work model in the future. A hybrid model may offer the best of both worlds – it can mean lower business costs for the company while still keeping its employees happy, healthy, and motivated. As with any remote work, however, staff are at risk of burnout, so companies need to take care that their digital communication plans are just as solid as if their business were fully remote.
7. Digital investment is critical to the future success of remote work
Because productivity is the key to the future of remote work, businesses need to invest in digital solutions that allow staff to work and collaborate efficiently. Nothing brings productivity to a screeching halt faster than slow networks, insufficient software, or cumbersome hardware.
Who you are in business is an important aspect of who you are as a whole person, but it’s not the only or most important one. For maximum growth, fun and success in your career, family and individual life, a healthy balance of all three is essential. When you dedicate focused time to each, you prevent burnout, better regulate emotional responses and build and maintain strong relationships.
Here’s how I do it.
1.Keep things separate
I use “boxes” to organize my schedule — one for my entrepreneurial life, one for family and another just for me, and any events scheduled into each day go into one or another. In doing this, I set limits on where I want my focus to go at any given time so that it stays where it belongs.
Scheduling in these boxes also makes sure events don’t overlap. A bad day at work needs to stay in its box, and so off the soccer field when I coach (which goes into the family box: time dedicated to my kids and the team).
2. Manage one thing at a time
It’s important to be upfront with everyone involved about what time is dedicated to which box, and stick to it. Being an entrepreneur is not a 9-to-5, clock-in and clock-out life, after all: It could easily take all your time and creativity if you let it. At a certain executive level, and definitely as an entrepreneur, free time never happens unless you make it happen.
3. A break can be the best medicine
Burnout among entrepreneurs is wildly common, and so breaks are vital self-care needed to inspire energy and creativity. Plus, I come up with some of the best ideas or savviest moves while on vacation — relaxed and away from the office environment. When you allow yourself a total change from the demand to be creative, you leave room inside yourself to do just that.
The busy life of business pulls you in many different directions, but defining and committing to your personal and business missions separately and in a balanced way lets you handle it exponentially better. Strong family connections can give you emotional stability when business gets hectic, and prioritizing personal time forces you to take a break from an often exhausting work schedule. Balancing these elements teaches you to be more present, nurture stronger relationships and to see the bigger picture. The joy you feel with your family revitalizes a passion for business and prioritizing each element of your life allows for the greatest levels of success in each.
Companies with worn-out employees encounter a myriad of obstacles. They have high absenteeism rates, high employee churn, less production, or low-quality output.
However, with a highly energetic and productive team, you can put in more work into your marketing and sales initiatives, fulfill more orders, and have a positive work culture, which lowers employee churn.
Productivity Activities for your Business
1.Run games or contests
You’d be surprised how organizing games and contests can do wonders to reduce your team’s stress levels. Games are a great breather for employees, especially when they’re reaching the point of getting burned out.
2. Conduct community service
It’s not uncommon for people who do volunteer work to gain better social and relationship skills. They can learn more about themselves and their peers — helping your company cultivate a more cohesive team with a high level of self-awareness.
If your team is well bonded, they can work better. The work environment becomes conducive to teamwork and removes needless, destructive drama.
3. Invite motivational speakers
Even though your employees are just sitting and listening to the inspiring message of the speakers, the experience can be life-changing for them.
Just a single statement can turn your lifeless, demotivated employees into workhorses that produce double or triple of what they are currently producing.
4. Conduct financial literacy training
Helping your employees manage their finances better will improve their energy levels. When they aren’t burdened financially, they are less stressed and have more energy to deal with their tasks.
Before you put together a training program, run surveys or polls to know which finance topics your employees are more interested to learn. Some might be more interested in how to save, others about how to pay debt, while others might be into investing.
5. Do a fitness challenge
The healthier a person, the more focused and energetic they are to deal with their to-dos. In short, they’ll be more productive.
That’s why holding a fitness challenge can do wonders for your team’s energy and productivity levels.
The healthier the employees in your company, the more energetic and productive they become. This puts your company in a better position to create amazing products, market your services, and provide better customer support — all of which ultimately help to skyrocket your revenue.
Here are eight strategies you can implement to build a culture in which employees feel engaged, motivated, and driven to succeed and grow alongside your business:
- Treat employees with respect. Show employees that you respect and value what they bring to your organization. This motivates them to be as invested in your company’s success as you are.
- Ask for feedback. Ask employees why they work at your company and if they feel any improvements could be made. This not only promotes trust; it also gives you the specific information you need to make things right.
- Provide mentorship. Mentor your employees regularly to build trust. Having a mentor helps them envision a path to success within your organization.
- Play fair. Being fair is an essential quality for managers. Showing favoritism or playing office politics has a negative impact on the team.
- Have their back. Stand up for your employees whenever the need arises. When employees know they have your support, they learn to trust.
- Show recognition. Recognition of good work boots morale and encourages productivity.
- Provide opportunities for growth. Be sure to provide training activities for employees. Giving employees new skills makes them feel valued and helps you assess their strengths and skills gaps for future development.
- Give them a platform. Empower employees to present their current projects, performance, or other activities. Taking credit in this way increases their confidence, improves their sense of role ownerships, and boosts productivity.
The eight strategies above are just a small number of initiatives organizations can take to generate a positive and productive work environment.