How Covid19 has increased Work and Cost efficiency

The era of COVID-19 will be remembered for a lot of negativity, but one of its most defining motives is the global acceptance of working from home.

In that pandemic, most of the organisations has started a new way of working which has increased more productivity in Covid19

The work from home model is a win-win situation for both the employee and the employer.

Remote work modelling has given a wider option to accelerate the work to the next level by the employees for the employer

People can now work from anywhere, thanks to the advent of personal computers, the internet, email, broadband, smartphones, cloud, and web conferencing technologies.

Who would have thought that the changes in ways of working will increase the work efficiency and productivity of the businesses, especially big companies. When a pandemic begins and there is uncertainty about the future of the world and the economy, who would have thought there would be cost, climate and sustainability benefits.

Let's talk about how companies have cut costs during COVID-19.

• Reduced Overhead Costs: The cost savings calculated by almost all businesses is the reduction of overhead costs

• Infrastructure costs Reduction: Companies saved a lot of money on rent and additional costs. The infrastructure costs have been reduced to an extent.

• Increased Productivity: Productivity has increased tremendously. While it takes a certain level of trust to make working from home possible, remote workers are even more productive than day-to-day office work.

Many businesses have moved away from the home model. While some companies have faced the question of how to get their workforce back into the office.

With online learning platforms, it's now easier than ever to improve and spend time learning to achieve whatever bold goals you can have.

According to a recent Harvard Business Review (HBR) study, “Organizations can reduce or eliminate real estate costs, recruit and deploy talent globally while reducing immigration problems and, according to research, enjoying greater productivity. . Workers gain geographic flexibility (i.e. live where they want), eliminate travel and ensure a better work-life balance.

Working from anywhere can reverse the brain drain that can hit emerging markets. Everything has its pros and cons, but surely new ways of working will help both employees and organisations to achieve their goals and business revenue to X times.