Working From Home, Who Can You Trust

Now That Everyone is Working From Home, WHO CAN KEEP UP THE WE GREAT ШORН! TRUST? In 2021, more than 42% of the US Labor Force worked full time from home WFH Has Become The Norm In Less Than 24 Months The Change Has Been Significant 69% 42% 4.1% 22% COVID's peak 69% of employees Pre-COVID From 2019 to 2020 Only 4.1% (5.7 million) employees worked from home That number has nearly doubled (22% - 42%) were remote Highest WFH industries remained constant 12% 10% 9% 8% Professional, Scientific, Real Estate, Rental, & Leasing Information Finance & Technical Services Technology & Insurance More than 54% of employees want to stay WFH post-COVID The WFH Revolution Has Many People Excited Employees have found that WFH greatly enhances their work say they have the right tech at home 87% 80% say they still meet project deadlines on time have adequate workspace 77% believe they can do work without interruptions 68% feel motivated to do their work 64% There are also clear benefits for employee wellbeing 57% 50% 18% increased job satisfaction lower turnover total workforce rates reduction on the roads WFH employers save thousands of dollars in overhead $11 THOUSAND per employee for halftime remote work for full time And so do $22,000 - their employees $700 BILLION in total national savings in a single year Sun $68 MILLION saved by Sun Microsystems per year $2,000 TO $7,000 Amount saved by employees in personal finances each year microsystems Although the benefits remain high, more than 41% of employers doubt the work ethic of their employees There Are Some Growing Pains Employers are having difficulty trusting their employees while WFH ! 48% 85% 69% of employees believe levels of trust have changed since the pandemic of employers doubt of managers are uncomfortable their leadership pipelines communicating with employees Because of this, micromanagement is on the rise EXCESSIVE CONTROL OR AN OVER-ATTENTION TO DETAIL 1 IN 5 EMPLOYEES believe that micromanagement is the most stressful aspect of working from home Micromanagement While Working From Home Is A Huge Problem Micromanagement effects both employers and employees 71% 50% believe their work is drop in productivity negatively impacted 69% 39% considered changing jobs due to micromanagement higher employee turnover rate 68% 33% experienced lower morale of annual salary must be spent to replace employees "Team members need to feel trusted and valued, and micromanaging communicates the opposite. Founders who are prone to manage every detail of their businesses will ultimately kill themselves as well as lose the support of team members" Martin Zwilling, Founder and CEO of Startup Professionals How To Better Trust WFH Employees Over Consider Outputs Encourage Self-Care Invest In Communicate Rather Than Hours Automation Be sure everyone under Motivate your Al maintains an Encourage productivity rather than hourly employees to be transparent about their needs while at work your management knows when and how open line of communication to proceed with their work labor for better that saves time engagement and money 4 IN 5 EMPLOYEES believe that Al enhances their job performance AI Programs Enhance WFH Without Micromanagement Artificial intelligence assists with major management practices NEED ANY HELP, HUMAN? Preparing timesheets Exporting to payroll apps Planning work schedules Online leave management Provides workforce management on the go Move from micromanagement TrackTime24 to peak performance with Sources bkconnection.com/static/mywayPR.pdf merriam-webster.com/dictionary/micromanage patimes.org/damaging-effects-micromanagement globalworkplaceanalytics.com/resources/costs-benefits ddiworld.com/research/global-leadership-forecast-2015 globalworkplaceanalytics.com/telecommuting-statistics hbr.org/2021/02/wfh-is-corroding-our-trust-in-each-other news.stanford.edu/2020/06/29/snapshot-new-working-home-economy inc.com/ben-fanning/stanford-research-shows-working-from-home-cuts-tur.html washingtonpost.com/transportation/2021/07/30o/return-work-commute-office-pandemic indeed.com/career-advice/career-development/benefits-of-work-from-home-for-employers cnbc.com/2020o/05/26/who-is-happiest-working-from-home-heres-what-latest-jobs-data-says.html linkedin.com/business/learning/blog/learner-engagement/bosses-really-matter-here-are-8-stats-that-prove-it benefitnews.com/news/avoidable-turnover-costing-employers-big?brief=00000152-14a7-dicc-a5fa-7cffccf00000& theladders.com/career-advice/survey-majority-of-managers-are-uncomfortable-with-communication-aka-doing-their-jobs pewresearch.org/social-trends/2020/12/09/how-the-coronavirus-outbreak-has-and-hasnt-changed-the-way-americans-work businesswire.com/news/home/20210720005063/en/81-of-Employees-Say-Al-Improves-Their-Job-Performance-%E2%80%93-And-They-Want-More tracktime4 DEVELOPED BY N NOWSOURCING EMPLOYEES EMPLOYERS