Report on Efficiency and Leadership Practices in 2018
In a groundbreaking study conducted by Hubstaff, in partnership with Hppy, ActiveCollab, and Pivotal, the benefits of remote work for employee productivity, satisfaction, and mental well-being were brought to light. The report, which surveyed over a hundred businesses from various countries and industries, revealed some striking findings.
Firstly, it was discovered that remote workers tend to perform better than their on-site counterparts, with more tasks completed and fewer distractions. This finding challenges traditional assumptions about office presence and productivity, indicating a strong advantage for remote work arrangements.
Employee satisfaction was another area where remote workers excelled. A staggering 71% of remote employees reported greater satisfaction compared to on-site workers. Additionally, remote employees reported lower stress levels and better mental well-being, with 79% and 82% respectively reporting these benefits.
The report also suggested that companies requiring full-time office presence might face higher attrition, as a significant portion of employees would consider leaving if forced to return to the office full-time.
Financially, remote work also presents benefits for employers, with average savings around $11,000 USD per remote employee annually.
The report further examined the challenges businesses face in achieving productivity and growth. Most organizations rate themselves as being moderately successful to quite successful in keeping employees engaged. However, existing measures like time tracking, surveys, and sales do not always provide enough information to diagnose productivity issues.
Many organizations are investing in greater efficiencies and productivity in 2018. Financial metrics are the most popular way of determining savings or revenue gains as a result of productivity tools and processes. Hiring the right, motivated individuals and retaining them enhances productivity in organizations. Open communication and feedback play a critical role in productive organizations.
The report also looked at current practices for ensuring productivity and their impact on hiring trends. Reaching a wide, international audience is important to organizations trying to find the best candidates. The report aims to answer questions about peak performance, productivity strategies, and business growth.
For most organizations, growth is seen as an increase in the number of customers and revenue, as well as gains in brand awareness and authority in an industry. However, most organizations do not measure the cost of low productivity and low employee engagement and so may be missing out on potential insights and gains.
In conclusion, the 2018 State of Productivity and Management Report provides valuable insights into the benefits of remote work and the challenges businesses face in achieving productivity and growth. The report serves as a foundation for subsequent research in workforce management and productivity, especially regarding the value of flexible work environments and the role of technology in supporting remote teams.
[1] For more information, see subsequent research in workforce management and productivity.
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