Virtual Offices Help Retain Workers As Job Growth ContinuesLOS ANGELES—The unemployment rate is the lowest it’s been in more than three and a half years. Employee confidence appears to be stabilizing. That means it’s time to work harder to retain your best and brightest employees. One way to do that is to allow them to telecommute from a virtual office.
According to the Glassdoor Q4 Employment Confidence Survey, 48 percent of employees—including those self-employed—expect their company’s outlook to stay the same in the next six months. That’s up eight points from the prior quarter.
What’s more, of those who reported a positive change at their company in the past six months, 65 percent were awarded new perks—such as the option to work remotely, casual dress, flexible work hours. Virtual office opportunities are indeed becoming more normative in the modern workplace.
Here’s the rub. Thirty-three percent of those employed say they will consider looking for a new job in less than a year if the economy stays the same or improves. And nearly one in five (18 percent) plan to look for a new job in the next three months.
“Now that it appears that the extreme highs and lows are behind us, the slow and conservative pace employees are seeing within their own employment situation is causing employees to evaluate if now is the time to see if the grass may be greener with another employer,” says Rusty Rueff, Glassdoor career and workplace expert, who ran global HR departments at Electronic Arts and PepsiCo before co-authoring Talent Force: A New Manifesto for the Human Side of Business.
“While the past few years have tilted to an employer market, we’re leveling out and employees are finding their position to stand upon. It is now more important than ever for companies to engage with employees to find out what will keep them satisfied and strategize new ways to attract and retain their workforce, or face an impending growth in their turnover rate.”
Allowing employees to telecommute from a virtual office is one way to retain your best and brightest employees. Employees are looking for work-life balance and ways to do more with less. By allowing employees the freedom of flexible work schedules and virtual office opportunities, they are that much more likely to stay with your company than leave for one that does allow virtual office work.