Historically, in the employment sector, there has been a requirement that employees work at the company office. This has been the norm for some time, but times are changing. There seems to be a new phenomenon that is replacing what was once the norm and it’s called virtualization. Many companies have decided to include virtual work options for their employees, while others have moved toward companywide virtualization. Why is this happening? There are many reasons for this new trend.
One of the main reasons for this trend is financial. Companies save large amounts of money by eliminating overhead. When an employee works from home, the company no longer needs to provide office supplies, utilities, or a place to work. The savings from removing the theses expenses alone are tremendous. Yet, these are not the only savings that many companies are able to reap.
If the employee is not a full-time employee or if the employee is contracted, the company can also eliminate insurance. Insurance is a huge cost for many companies and dropping this expense can be a huge bump to a company’s bottom line. Another reason that the virtual experience is so popular may be due to the wider employee pool. Allowing virtualization opens up a world of potential. A company is able to interview potential workers from around the world, if need be, in order to find the best person to fill a position. This option can be a win for all parties involved. The company gets the best of the best and the employee gains a job that does not require moving or daily travel.
However, what is so great about virtualization is the way its helps startups to succeed. Virtualization allows startup to focus on client building and marketing while someone else handles the day to day.