The Advantages of Virtual Office
Three incidents have changed the way we look at the working environments around us. First, during the 2008 financial crisis, Millennials, Genz, and Covid-19 Pandemic.
The 2008 financial crisis: 2008 Recession made businesses, especially small and medium scale, realize that they have to give up the traditional thinking of owning or leasing space as it ups your operational cost by at least 30%, which can be used for a better purpose to grow your organization.
Millennials and Genz: With the rise of the young generation, who are also a result of the plumbing economy, the working environment has changed significantly. These are people who want to put their personal lives first. They look at everything in two-term. First, they want to be a part of something bigger than themselves. And the second is that they wish for personal satisfaction too. So they want to work on their terms, which tells us the dynamics of the newer workforce expecting.
Covid-19 Pandemic: Believe it or not, this one thing has taken everyone by storm. Being locked up at home for months has surely hit everyone's psychology. Freelancers know that their productivity has been drastically affected, and businesses know that they cannot afford to cash out so much when uncertain.
So these are the reasons why Coworking spaces are getting so much traction. And let me also list several reasons for the benefits of Working in a Virtual Office.
1. No commute time.
The best benefit of Virtual office is that your commute time is almost negligible. You don't need to travel much as Virtual Offices provide you with a flexible schedule without any prior commitments like in traditional offices.
2. Employees are easily more active.
A study by researchers at the University of Sydney found that sitting at your desk for more than 11 hours a day increased your risk of death by more than 40 percent. But given the situation, a Virtual Office provides you with quirky places that help you move around a bit.
3. Flexibility means using fewer vacation days.
The best thing about a Virtual office is Flexibility. You don't need to commit like in the traditional workspace for a year. Instead, you pay here on a month-to-month basis.
4. Access to worldwide talent.
A Content Creation company based in New York has its Virtual office set up in Mumbai, saving thousands of dollars every month. The reason. They can easily outsource their work to their team, which is already set up in another country, taking advantage of the economic parity between the two nations.
5. Less overhead.
Tell me one thing. Do you pay for something that you don't own? Obviously no. That is the thing with Virtual Office. You use the space and the amenities available but don't have ownership.
6. Productivity increases.
When you are among people who are motivated and share similar interests, then this helps you to increase your output in your work. So often, people lose interest when they work in isolation. So this allows you to regain that confidence and make you perform better at work.
We have a Virtual Office based in Mumbai.
