Profit over Productivity: Rethink Remote Work

Companies managing sensitive data often resist remote work, fearing a drop in productivity. However, it's vital to evaluate profitability rather than productivity alone. Managers may assume remote workers are 10% less productive and consider bringing employees back to the office. Instead, they should assess the cost implications of remote work. Eliminating office space can reduce overhead costs by approximately 10%, and hiring remotely can lead to better talent acquisition while decreasing wage expenses by 20 to 30%. When weighing the remote work decision, prioritizing profits can reveal that fully remote employees often provide higher cost efficiency.