02/02/2022

How Various Virtual Work Options Can Affect Budgets and Employee Morale

There are more benefits to virtual offices than working in your pajamas

When the term “virtual office” was coined back in the early 1980s, few imagined commuting to the office would one day be a thing of the past. However, in the wake of the COVID-19 pandemic, many associations were forced to turn on a dime, transitioning entire work forces to remote status.

However, now that COVID-19 appears to be here for the long run, it is time for nonprofits to contemplate the impact virtual offices are having on their budgets.

As you might have expected, there are more benefits to virtual offices than working in your pajamas. First, consider the fact that rent is usually the most expensive line item in your budget after salaries and benefits. Although the cost of commercial real estate has most likely gone down considerably since the beginning of the pandemic, many cities are considering converting office space to residential housing. With employees opting for their kitchen instead of K Street, businesses stand to save a tremendous amount of money. In addition, staying at home means lower commuter cost, and more time spent at work instead of pounding the steering wheel in rush-hour traffic.

Please select this link to read the complete article from ASAE's Center for Association Leadership.