The Perils of Working From Home
The financial benefits of remote working for both staff and employer are clear, yet many businesses are currently missing out on a valuable opportunity by failing to fully commit. On the one hand there is a clear business advantage to ensuring staff are able to work effectively and safely when away from the office, on the other, the figures suggest that too many firms risk incurring higher expenses by not regulating remote work environments.
Should companies help pay for home offices?
According to the latest report by global workplace provider, Regus, the majority of Canadians now have a home office (68%). However, not all home offices are considered professional, productive spaces. Even though companies may encourage working from home, only a third (34%) of workers report their company has contributed to setting up a professional home office space.
Regus surveyed over 44,000 senior business people across more than 100 countries, including 2692 Canadian respondents, and found that while most people globally have home offices (61%), only half (51%) reported a fully functioning, well-equipped space.
So what is the cost of setting up and running a professional home office space? In Canada, respondents reported the cost is approximately $3,700 a year.
There are also hidden risks for companies with flexible workers. Businesses could be incurring higher expenses by not regulating the environment their staff works from.
- 81% of Canadian respondents confirm that companies that encourage their employees to work from home are not aware that they must ensure health and safety standards are implemented
- 82% report that they do not take out the appropriate insurance cover on this home workspace.
“The financial benefits of remote working for both staff and employer are clear, yet many businesses are currently missing out on a valuable opportunity by failing to fully commit,” said Wayne Berger, VP of Regus Canada. “On the one hand there is a clear business advantage to ensuring staff are able to work effectively and safely when away from the office, on the other, the figures suggest that too many firms risk incurring higher expenses by not regulating remote work environments.”
With a small investment by companies, they can provide remote and flexible workers access to fully equipped professional workspaces closer to home. Office spaces, like Regus, help firms provide a fully compliant environment for flexible workers, saving their staff money too.
Regus is the global workplace provider.
Its network of more than 2,300 business centres in 104 countries provides convenient, high-quality, fully serviced spaces for people to work, whether for a few minutes or a few years. Companies like Google, Toshiba and GlaxoSmithKline choose Regus so that they can work flexibly and make their businesses more successful.
The key to flexible working is convenience and so Regus is opening wherever its 2.1 million members want support - city centres, suburban districts, shopping centres and retail outlets, railway stations, motorway service stations and even community centres.
Founded in Brussels, Belgium, in 1989, Regus is based in Luxembourg and listed on the London Stock Exchange. For more information, please visit: www.regus.com