Managing The Working From Home Business Model

Our world has experienced a rapid shift to the Work From Home model in the past few months. From small businesses to enterprises, workers of a range of industries are now working from home in some capacity. Working from home not only allows employees to work with greater flexibility but also enables companies to access a better talent pool.

However, even as this business model is becoming more prevalent, managing work from home is not second nature for several companies. Plus, working from home also comes with its perils. To avoid any pitfalls, you must learn how to manage the Working From Home business model. Here are some useful tips regarding the same.

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Choose your model

One of the biggest problems that businesses have with working from home is a complete 100% shift. While there are some businesses that can successfully operate from a completely remote location, there are numerous businesses that cannot. This is why it is crucial for your business to decide which model suits you better.

You could either go for a partial-remote-work partial-work-from-office model. You might even want to establish multiple hubs from where your employees can work rather than coming to one single office location. Identify the teams that can work completely remotely. These might be your customer support team, PR team, IT support team, and so on. All other teams could work from the office a few times in the week.

Evaluate your physical office spaces

More often, businesses tend to keep their office spaces even when all their employees have shifted to a complete remote profile. Doing so will end up costing you a lot more than you can imagine. Whether or not to keep an office space depends heavily on how you plan to work in the near future.

If you need some employees to come to the office regularly, consider shifting to a smaller office space. You might also want to cut down on the money spent on refreshments or snacks. If not, you might as well not have any physical office and save a ton of money in rent and other utility bills.

Focus on your employee’s productivity

Work from home is deemed to be a blessing in helping employees increase their productivity. However, it has also been found that continuous work from home can lead to major dips in productivity, which eventually leads to burnout. When managing a Work From Home team, businesses need to ensure that their employees do not suffer such an occupational hazard.

Rather than tracking your employees’ time in front of a computer screen and ensuring they work a set eight or nine hours, focus on how positively they are performing. Establish clear-cut objectives and identify all the goals that have been established in the day.

An important aspect of this is to manage team communication well. Set boundaries on what calls for a video call and what doesn’t. You wouldn’t want your team to be on an endless video call and lose precious time. Also, set clear expectations related to a daily work schedule, project and delivery timelines, what counts for an emergency and more.

Do not skimp on the insurance

Even if you choose not to have any office space, you cannot afford to skimp on insurance. You will still be dealing with work-related illnesses, mismanaged inventory, claims of negligence, lawsuits from unhappy customers and vendors, damaged company vehicles and more. Business insurance policy is an important business expense that can help you cover it all.

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Investing in such a smart policy also helps you save up on any unforeseen heavy expenditures. Plus, if you do decide to keep your office space, business insurance will help you take care of any damages to your property as well.

Keep your team connected

We mentioned before that clear-cut communication is super important to raise your team’s productivity. Use appropriate chat apps and videoconferencing tools to help everyone stay connected. Slack and Basecamp are two of the most popular chat apps that companies use. For video conferencing, you can also choose Zoom, Google Hangouts, or Skype.

You also need to ensure that your teams are connected on a project level. Project management can get very complicated when employees do not have any face-to-face time with each other. Apps such as Trello, Dropbox, Basecamp for Business and others can help everyone plan out projects effectively without losing track of any aspect.

Conclusion

Managing the Working From Home business model can seem tricky in the beginning. The transition can be very tough for some teams and several teams might even falter a lot initially. However, utilising these simple tips can help businesses take care of the transition very smoothly. Remember, identify the remote work model that works for you, secure yourself with Business Insurance, stay connected with the team and avoid any pitfalls that working from home could bring to your company. BizCover New Zealand has an easy to use online platform where you can compare insurance packages online.

Hey guys, I am Aman Singh Bhadouriya. I'm a student of Btech 3rd year and a part-time Blogger who loves writing about Technology and Digital Marketing. I have created Ezad Tech to share my knowledge with others.

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