The term WFH stands for work from home or working from home and it depends upon how it is used in a sentence. The acronym is used to indicate that someone is working remotely in messaging apps. Working from home (WFH) denotes an employee who is working from their home, flat, or other place of residence as opposed to the workplace. Many businesses have a WFH policy, also known as a remote work policy, that enables their staff to work from home either full-time or only when it is most convenient for them.
During the COVID-19 pandemic 2020, up to 88 percent of firms and organizations globally either made it mandatory or have managed a work-from-home setting for their employees.
Due to restricted lockdowns in various areas of the world during the year, work-from-home became quite popular, but it wasn’t an idea that businesses had to adopt overnight; it has been there for a while. Before the pandemic, 4.7 million people had conducted their jobs from home.
Work from home is here to stay, and when things gradually return to normal, this is more apparent than ever. After all, it is advantageous to both businesses and workers.
WFH Benefits for Employers and Employees
- Flexible Schedule: Employees who work from home have the opportunity to choose their own schedules in accordance with their productivity levels and responsibilities outside of work. If they feel most productive at those times, they are free to work through the night or in the early morning.
When working from home, people tend to be less obsessed with how many hours they spend in front of screens and more concerned with getting their job done and meeting deadlines.
- Improved Work-Life Balance: Employees who work from home directly save a lot of time that they can then use to spend with their friends and family, or just to do things they enjoy because they don’t have to spend hours every day stuck in traffic, chatting with coworkers at the water cooler, or planning dinner parties with team members. Employee focus improves with more downtime, enough relaxation, and a better work-life balance, which boosts productivity and efficiency.
- Cost Savings: Organisations require fewer tools, desks, and spaces to accommodate employees when there are fewer employees than usual, which immediately affects infrastructure and rental prices. In fact, organizations can save up to $2000 for each employee who works from home by cutting costs on infrastructure and office space.
Working from home has a lot of financial benefits for both employers and people. Without a morning commute, daily travel expenses to the office are eliminated. Employees no longer need to pay expensive rent only to live close to their places of employment.
- Positive Work Outlook: Work from home ultimately improves the overall employee experience inside the organization since it offers greater flexibility, eliminates daily bumper-to-bumper commute traffic, and promotes better work-life balance. This, therefore, fosters a high-performance corporate culture where individuals desire to give their all at work and continually get better.
- Improved Productivity: Employees feel happier and more productive when they have the option to design their own work schedule and environment. Additionally, because they don’t have to deal with lengthy breaks or interruptions from coworkers, people who work from home are ultimately more productive than their office-based counterparts.
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