A virtual office is a far-flung bodily workplace vicinity with a mailing address, digital communication, business service offerings, and software without bearing the overheads of a normal workplace area. This office setup can include a home office or any remote office location with the facilities of an office. Such facilities can include video conferencing for holding virtual meetings, an internet connection with open communication lines with your coworkers, a server connection, a business portal, or a mobile application.
There are numerous reasons for setting up virtual offices anywhere in the US or worldwide. Let us look at some important reasons you might want to set up a virtual office for yourself.
The biggest advantage of remote working is the flexibility that comes with it. You do not need to commute every day to go to work. You can enjoy flexible timings and go wherever you want without worrying about your working hours. This century is all about virtual communication with clients, dealers, suppliers, or distributors. Meetings can be set up virtually or in any public meeting space for ease. Thus, setting up virtual offices saves the company’s cost and time and makes its operations more productive and agile.
More Active And Focused
Since you work on your terms and conditions, you would not feel pressured by a typical office work environment. According to a study carried out at the University of Sydney’s School of Public Health in Australia, sitting at your table beyond eleven hours elevates your chance of losing life by 40% over the subsequent three years. The study shows that sitting at your table all day restricts bodily motion and makes you lazy. If you neglect your physical health, your productivity will likely go down.
Access To More Talent
There is no restriction in acquiring the best talent from anywhere in small working spaces. You can hire skills across borders at minimal cost and get higher returns. These remote spaces are a major advantage if you want to expand in new markets. You can set up virtual office space and handpick from a local talent pool while learning new market opportunities.
Balance Between Personal And Professional Life
According to a study conducted by VentureX, 3 out of 4 respondents stated that remote-working improved their lives personally and professionally. The same respondents find work more interesting and enthusiastic because it brings balance and peace. Unlike a typical 9-5 PM job where people cannot spend time with family and friends and their activities, a virtual work environment helps them with mental peace and physical fitness. It fulfills their social and emotional needs when there is a proper balance in workers’ lives, their productivity increases. Hence, making this option a boon for its bosses and its employees.
Lower Employee Turnover
According to sources at venturex.com, “Companies that allow remote work experience employee turnover 25% less than companies that do not allow remote work”. Hence, when remote work makes the employees happy, they are likely to stick around for longer, reducing the employee turnover rate for the company and improving the company’s reputation in the market for good employee treatment.
Remote work requires a self-check and fixing your own mistakes. For highly motivated individuals passionate about their work, remote virtual office spaces are best for them. Since no supervisor keeps an eye on you 8 hours a day, you have to be self-motivated and mindful of your duties. Try to align all your tasks promptly and make notes so you do not slack off. Furthermore, it encourages self-growth and professional growth in a much better way.
Additionally, your peers and seniors would appreciate you and your efforts, which would motivate you further. In addition, if you are motivated enough, your employees will take inspiration from you and your work ethic. Employees are more likely to be enthused workers if they are enthusiastic and passionate about their work. On the plus side, also a good leadership style as it increases worker morale and boosts the working environment.
Instant Order Delivery
Having a virtual office space means eliminating inventory holding costs and direct delivery from your supplier to the end consumer. With digitized operations and ordering systems, consumers can place an order with a click of a button. The supplier will directly deliver the order to them. In addition, with a presence in cross-border markets and time differences, overnight deliveries are a possibility.
A virtual workplace involves working remotely with the office essentials without paying the overhead of typical office space. They come with the added benefits of low cost, higher employee productivity, and morale with less turnover, fewer restrictions to expansion projects, and access to a pool of talent beyond borders. In a highly digitized world combined with the aftermath of COVID-19, a virtual office is the best bet for any company operating remotely. Nowadays, more and more firms are shifting to a more hybrid structure that can benefit both the company and its employees. Taking care of personal well-being and having a work-life balance is easier with remote virtual workspace, with the added benefit of increased productivity. Therefore, if you are looking to set up a virtual office, you can enjoy the benefits of an agile workforce and operations with the ease of expansion in new markets.