Should Companies Trade Office Space for New Technology?

As the demand for remote workers continues to grow at an exponential rate, modern workplaces are seeing a shift toward a more flexible collaborative work environment. Informed organizations are leading this trend by investing in their technology infrastructure to gain relevance, attract top talent, and ensure their organizations face the future, rather than being trapped in the past.

Unposed group of creative business people in an open concept office brainstorming their next project.

In this blog posts we will share tactics on how to maximize the benefits of remote work, improve employee satisfaction, reduce office space, and strengthen your organization's infrastructure.

Most companies understand the need to invest in cloud technology, data backup, monitoring, and other emerging technologies, but one of the main obstacles to adding infrastructure to a virtual work environment is the huge capital expense associated with new functions.

To overcome this challenge, Dominion Voice and Data recommends that companies change their monthly operating expenses to be consistent with future infrastructure (virtual work environment) rather than insisting on expensive commercial leases.

 

Chad Tester, Chief Operating Officer of Dominion Voice and Data, expressed, "If companies can reduce office space by 25%, they can swiftly attack the expenses necessary for organizational growth, be it security solutions, cloud services, data backup or anything else necessary to reach the next level, By doing so as soon as possible, they will attract top talent who expect remote positions, rather than become obsolete."

 

Whether business owners agree or disagree with the concept of remote work, this is the future direction of development. Millennials are the driving force behind this trend. With Millennials expected to make up 75% of the workforce by 2025, the transition to a virtual work environment is inevitable at this time.

According to a global survey by PGI, “79% of knowledge workers, and 60% of remote workers in the survey said that if they could, they would leave their current job for a full-time remote position at the same pay rate."

 

Chad Tester, Chief Operating Officer of Dominion Voice and Data, expressed, "It doesn't matter if you agree with the remote workforce, because this is the future." "The real reason remote work arrangements are so controversial is because they highlight management and employee engagement issues. In other words, there is nothing to hide. Management through proximity is being replaced by management through performance. This is a knowledge gap in the market, and we are trying to solidify it in the business community so that our clients can be sure of how to use technology to increase employee engagement and get more benefits from their team."