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Hidden business costs
Hidden business costs










hidden business costs

To avoid this, companies need to be more proactive – for example, have separate devices for personal and company use. For the sake of productivity and limiting expenses, many companies skip steps and put themselves at risk. The biggest culprit, however, is the lack of work from home protocols. In the office, it’s easier to reach out and receive help. Why does this happen? Remote employees don’t always have immediate access to the IT team and forget to check in with them when they find themselves in a pickle. Between Q1 and Q4 2020, there was a 768% increase in remote desktop protocol attacks! Considering how important these tools have become for out-of-office productivity, this is quite concerning. Outside of fraudulent emails and phone calls, collaboration tools have become a favourite access point for hackers.

hidden business costs

Research shows that between March and July 2020, nearly half of companies experienced a data breach or security incident, with half of these attacks being caused by phishing attacks. Without supervision, employees tend to use unsecure mobile devices on their personal network, leaving them vulnerable to hackers digging for sensitive information. When your team members are working away from the office, your company is more susceptible to security breaches. Here are why these are important and what can be done to mitigate them. These include heightened security risks, increased financial burdens as well as some psychological and physical repercussions. Working from home has revealed several hidden costs that businesses should consider. Not everyone is equipped to deal with this. Uprooted from their daily routines and workplace social social interactions, people have to adjust to the unique rigours of working from home. In practice, however, circumstances have been less than optimal for many. Who wouldn’t welcome a reprieve from lengthy commutes and working out of their PJs? Even before Covid-19, companies with remote work policies were reaping the benefits, with greater profits, lower turnover rates and higher rates of overall team happiness. This shift in work environments brought about many positive changes, especially for businesses.

hidden business costs

Fuelled by an unprecedented pandemic, working from home entered the mainstream for good. By Frank Gorkis Collaboration Productivity Remote Working Security June 11, 2021Īmong other things, 2020 will be remembered as the year that remote work and collaboration finally took off.












Hidden business costs