No employer would shy away from the opportunity to maximize their employees’ productivity for a healthier bottom line. One of the ways that virtual collaboration improves productivity is that, through teleconferencing, email, and phone, the environmental feel of a meeting room can be preserved without all the extra costs and concerns associated with the required physical presence of participants.

For example, teleconferencing cuts down on the wasted time and potential cancellation of meetings due to weather conditions. Employees with contagious diseases like COVID-19 or even the more typical flu do not spread them to one another. The data shows, in fact, that telecommuting employees take fewer sick days than their peers.

Getting the Top Talent

In the old days of physical office work, one of the logistical challenges of finding and recruiting the best people for the job was the need to relocate, often from another city or even from another country. This brought additional costs to employers as well as lost opportunities for workers who are unable to move.

Now, thanks to virtual collaboration technology, firms can bring in the top talent from around the world without the logistical burdens of traditional work.

Improved Employee Retention

The cost of hiring and training new employees is a major financial cost to employers, which is why the best companies are always on the lookout for ways to keep their employees happy and satisfied in their positions.

Studies have shown that telecommuting employees are more likely to report high job satisfaction and to remain in their positions for longer than workers who come into the office.