As the first generation to grow up with the internet, millennials are expected to embrace new technologies, virtual workplaces, schedule flexibility and work-life balance. A study done by the Telework Research Network estimated that the average real estate savings realized from a full-time teleworker is $10,000 a year.Īnother benefit is that working virtually is highly valued by millennials, the largest generation in the workforce. With everyone working virtually, there is no need for office space, supplies, electricity, etc. If the average cost of gas is around $4 a gallon, this would amount to $1.7 billion of fuel costs savings a year!Įmployers benefit from virtual workplaces by saving money on real estate and office costs. One study found that if 10 million employees telecommuted twice a month then 21 million barrels of oil would be saved a year. Having the ability to telecommute also saves on commuting costs such as fuel. The rise in virtual workplaces (also called teleworking) began in the 20 th Century as new technologies such as PCs, cell phones, voicemail, and of course the internet became commonplace.īy the early 21 st Century, people who worked at least one day at home per week increased by over four million, and today nearly half of working Americans say they spend at least some time working remotely, and all signs indicate virtual work will continue to grow.įor many companies, virtual workplaces reduce overhead costs, and it’s more sustainable. Employees and management are connected via a private network or the internet and interact with each other via phone, Skype, cloud computing programs and a whole host of other virtual options.Įmployees who work virtually may work out of their homes, in satellite offices, at an emerging network of co-working spaces, or really…wherever they are most productive. If you’re building airplanes, you must be in a hangar.īut for many jobs all you need is an internet connection and you can work virtually anywhere.Ī virtual workplace is a workplace that is not located in any one physical space and not tied to any geographic boundaries. If you’re an artist, you’ll likely work in a studio.
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