If the early 20th century brought the rise of the skyscraper and the plush corner office, it’s safe to say the 21st century has given birth to the mobile workplace and home office. One year ago, life changed. In March 2020, more than half the world closed down—schools and businesses shuttered because of the global pandemic. Increasing access to internet and the globalization of the world’s workforce has been nudging the corporate world to think remote work for years, but last year, the pandemic accelerated this change.
A recent study found that between 14 to 23 million Americans are planning to move as a result of remote work. Remote work used to be relegated to only certain sectors, but as more industries open up their requirements and regulations, employees are taking advantage of the opportunity to change locations. Urban and suburban spread have been upended as places of business have become less concrete. This change requires employers to remain adept and abreast of regulations and legal implications of these new working arrangements.
Employee hiring and retention has always been top of mind for successful businesses, and now, offering “work-from-anywhere” remote policies are becoming the new normal. One study found that 75% of CFOs planned to increase the number of permanent remote workers after restrictions were lifted—and 60% of workers would like to remain remote. Simply not accommodating remote work is not an option, so managers and human resource professionals need to make these options available quickly.
When an employee wants to request a change to their workplace, many compliance facets of the position must be considered. From tax and payroll to cost of living adjustments, managers and HR professionals have a lot to consider. Evaluating these risks and cost implications of the change are complicated, which is where technology can help. Rating the costs of these risks and formulating implementation must be an organized process, and software, like Equus’ PinPoint Remote Work, can evaluate these complex questions quickly.
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