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Advantages and disadvantages of working from home
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There are approximately 3.3 million people in the U.S., not including the self-employed or unpaid volunteers, who primarily work from home, a number that has risen by almost 80 percent since 2005 (Wilkie, 2015). These figures are according to the latest statistics from the Telework Research Network, part of the consulting firm Global Analytics (Wilkie, 2015). Advancing technology such as laptops, cell phones, and video conferencing has helped make working remotely easier (Wilkie, 2015). Some studies show that longer commutes for employees and a desire to balance work and home life duties could be contributing factors in why people decide to telework (Bailey & Kurland, 2002) Working remotely is a concern because of how it affects employee productivity, …show more content…
With fewer employees needing office space, companies can save money on building costs and utility bills. Sun Microsystems saved $64 million a year on real estate and $2.5 million on electricity bills with their telecommuting program (Wilkie, 2015). FWI is saving $800,000 over the 10-year life of a new lease by renting a smaller space (Wilkie, 2015). IBM real estate costs went down $50 million (Global Workplace Analytics, n.d.). According to Global Workplace Analytics, "Nearly six out of ten employers identify cost savings as a significant benefit to telecommuting"(n.d.). These savings along with increased productivity among telecommuters will result in more profitability for …show more content…
While most managers say they trust their employees, some say they would like to see them in the office just to be sure (Global Workplace Analytics, n.d.). Tim Eisenhauer, CEO of Axero Solutions stated that "bringing "all hands" back into the workplace, where managers can see them, creates an illusion of control even if having everyone there doesn't translate into more productivity, higher profits or a bigger market share" (Wilkie, 2015). There is a learning curve for managers who are used to managing employees in an office and have never managed telecommuters before (Wilkie, 2015). It is up to managers to keep communication open with staff and to set performance standards (Wilkie,
Regarding “The Age of Globalization” by Alan Brinkley I thought that the reading selection provides good details on timeline of significant events that significantly affected the global economy. The reading selection from the American History textbook starts off with a summary of event of September 11, 2001, and the role they played in the changes within global economy. On the next page we are presented with a timeline of events that will be described later in the reading selection. The purpose of this section is to illustrate how each of those events contributed to the world we live in today, particularly their influence on the global economy.
In the previous study, the authors stated that there are various studies about the telecommuting include references to corporate attitudes toward telecommuting, motivation, productivity, supervision and employee satisfaction.
A Capital One Financial Corporation has established such workplace by providing mobility and flexibility to their employees in business units. They implemented a concept “virtual workplace” which is based on reconfiguring office space and use of up to date mobile technology. It gives employees opportunity to be more productive since they are able to work from any place they would choose. According to the Benefits Survey Report from the Society for Human Resource Management published i...
What are the HR Strategies that management must undertake and support to create a successful global presence to insure the success of an organization in meeting its goals and mission?
Explain that less office space will be needed and how employees of companies that offer telecommuting often have a better retention rate than companies that do not.
Often overlooked is the impact telecommuting has on the environment. One great advantage for the environment is the conservation of energy. With a great deal of energy is required to produce a vast amount of transportation vehicles such as automobiles, buses and subways. The fuel required to operate these vehicles would be reduced. An employee also is also a great consumer of energy, once at an office, the office building has heating, cooling, and lighting needs. When magnified, the energy use can be great. Whereas working from home requires only a minimal amount of energy use for heating, cooling, and lighting needs. For every advantage, most of the time there are disadvantages associated with it.
The workplace today goes beyond just the walls and ceilings that surround an office environment or office building. According to the International Telework Association and Council, 44.4 million Americans worked from home at least part of the time in 2004, up 7.5% from just on year earlier (Earthweb, 2005). Though it may be very convenient to work from home, the choice can bring its own set of problems. There are financial reasons, efficiencies, and even managing time are just a few to name that bring about many challenges and issues that any remote employee would face in that type of work environment.
In recent decades, the process of globalization has accelerated and the world economy has become increasingly interdependent. The rise in the number of businesses that extensively operate in more than one foreign country, which is known as multinational corporations, plays an important role in the ongoing procedure of globalization. The United Nations has reported that multinational corporations hold one-third of world’s productive assets and control 70 percent of world trade (Schermerhorn et al., 2014). As there is a considerable growth in international businesses, worldwide economy is becoming more highly competitive. The global economy not only offers great opportunities for multinational enterprises but also on the other hand, creates many difficulties for them. Therefore, success in the large-scale economy requires a number of elements. One of the major determinants is dependent on global managers. In the operation of organizations, managers may encounter different international management challenges that restrict their business development. These challenges often include issues associated with the host countries, the global workforce diversity management, management across cultures, difficulties in competitive global business environment as well as in the process of global planning and controlling. This essay is going to discuss the above international management challenges in a broad sense and giving illustration in aspects of each challenge.
Studies show that the cost of setting up a potential telecommuting situation for an employee or employees is dependent upon the existing technology level of the employer and potential telecommuting employee(s), the type of security network required to safeguard the data transmitted between them and the size of the operation. If an employer has a preexisting computer infrastructure including base units and server capabilities it can decrease the startup costs of a telecommuting operation. For small businesses the investment could be as little...
The paper focuses on the increased complexity of globalized organizations and methods of altering the process within the structure. Business and environment change constantly to sustain development in emerging markets and increase efficiency. Integration of relationships and processes of the world systems, help to manage local, regional and planetary balance to manage duplication of success become conceivable. The retail giant Wal-Mart exhibits its ability to transform the organization asynchronously with the increase integration of globalization.’ Wal-Mart unveils the type of integration possible between globalization, and business services as it adapts, eliminating redundancies and repetitive movement. It observes the effect and influence, propagated on business through it use of supply chains, and influence.
It was once a common belief that if employees worked hard, showed up on time and followed the rules that they would be guaranteed a job for life. However, over the last decade there have been changes in the workplace. There are two main causes for this change. The changes in the work place in the twenty-first century are being caused by advancements in technology and expansions in globalization through the Internet.
...ease employee engagement in jobs the redesigning of jobs and careful attention towards Job analysis. Telework could play a vital role in this manner.
To be successful in today’s global market, managers and leaders need to understand more than just technical skills. Managers and leaders should also understand globalization and organizational behavior. Globalization is the tendency of businesses, technologies, or philosophies to spread throughout the world, or the process of making this happen. The global economy is sometimes referred to as a globality, characterized as a totally interconnected marketplace, unhampered by time zones or national boundaries (Search CIO). Organizational behavior is a field of study that studies individuals groups, and structure. Organizational behavior applies the knowledge gained about individuals, groups, and the effect of structure on behavior in order to make organizations work more effectively (Robbins,2014).Gaining an understanding of globalization and its effect on organizational behavior is crucial to interacting effectively in the modern global economy. Globalization affects an organization’s behavior in several ways like stimulating hyper competitive pricing for a product or service, perpetuating continuous operations and communicating around the clock and globe, capitalism is replacing governmental control and organizations are no longer constrained by borders, and corporations are becoming more heterogeneous and adapting to people who are from different nationalities and cultures. To be successful in a global economy, professionals should have a thorough knowledge of sociology, psychology, communication, and management.
With the rise of mobile working whereby companies employ from different regions without necessarily having employees enclosed in one building, they end up employing more skilled and qualified workers regardless of their location. This has been made possible by companies embracing virtual meetings and video conferencing where managers and
More so than ever, we live in a global society. Nations exchange with relative freedom their thoughts, concepts and materials like never before. In this age of transition, there are far fewer restrictions and boundaries, and it appears that this will only improve in the future. Throughout the world, the access to information and thought has become uninhibited, with nearly instantaneous access to data from around the globe. Of course, the technological world is not the only realm influenced by the sphere of globalization. Today, the term globalization engenders economic interdependence, the political structure, rapid transit, and wide scale communication. Still, localization is a formidable presence, and it must be recognized as such.