A common misconception about the virtual workplace is that the drawbacks outweigh the benefits. However, the benefits that stem from providing employers remote work opportunities include reduced employee absences, increased productivity and employee morale, a greater talent pool for hiring decisions, and increased financial savings through decreased overhead costs. After all, employers don’t have to pay for a physical space, electricity, water or custodial costs when employees work from home!

While the trend of telecommuting and Virtual Teams is on the rise, some large companies, such as Aetna, Bank of America, and Yahoo, have reduced or eliminated their telecommuting programs altogether. In the November 2017 issue of The Atlantic, author Jerry Useem discusses IBM’s decision to backpedal on its commitment to remote employment after the company’s revenues fell for 20 consecutive quarters.
Read more at http://www.business2community.com/human-resources/organization-shouldnt-abandon-virtual-teams-01938722#ZZaiPmvPDXPUdq7D.99