A virtual office refers to a company that may not have a fixed location yet functions as a unit to provide goods and services to customers. It relies on the Internet for document exchange, video conferencing for meetings and cell phones so employees can keep in touch. The office’s employees might work at home or in different cities and countries. Virtual offices do not incur the costs of leasing or buying a building, maintaining it with janitorial and gardening services as well as providing furniture and cleaning for the employees and customers.
The advantages or benefits of having a virtual space are –
- No commute time :
Employees are more focused and productivity increases because the time spent in getting ready for work and commuting is saved and instead spent in working.
- Fewer Overheads :
There’s no office lease, no utility payments, no hardware and none of the associated costs that come with having a brick-and-mortar space. All that savings can not only be passed along to clients, but it also affects your profit margin, allowing you to invest more in your people.
- Productivity increases :
You’ll see an increase in productivity as you go from monitoring when people arrive to work and when they leave to establishing specific goals. Letting employees work remotely should also decrease turnover because people are generally happier to be able to do their jobs and not have to deal with the drama that comes along with putting a bunch of people in an office together.
- work-life balance :
Virtual office workers get to spend time with their family and can have a great work-life balance, the result of which is greater enthusiasm and cheer in working.
- Saves office space :
An organization that has a considerable number of virtual office workers, can save a good part of their office space which they can put into better use or even better, rent it, thus earn extra income.
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