The coronavirus crisis has brought about many changes in life as we knew it. The way we greet each other has changed, as has the way we view health and hygiene. Schools have now begun to hold classes online. And the biggest change, perhaps, has been the advent of the work-from-home economy all over the world. As countries went into lockdowns, companies across the globe switched to the remote working mode. Perhaps even you have been working from home these past few days.
Work from Home Economy Benefits
Looking at how remote working has become increasingly necessary, it’s likely that you’re wondering about how beneficial the work-from home economy actually is. It appears that remote working can be very favorable in various ways. Here’s a preview of who benefits from this kind of work culture.
Let’s see how remote working can be advantageous to all these segments.
The advantages of working from home for employees
Working from home can make the lives of employees easier in many ways. You may have experienced some of these benefits yourself. For one thing, working from home gives you a great deal of flexibility in your schedule. It also means you can work in a more comfortable environment, in convenient clothes and at your favorite workstation, if you wish to. The work-from-home economy also helps you save more money, since you cut down on the costs of your daily commute. Above all, it allows you to spend more time with your family.
You can put the money saved to good use by investing in a variety of financial products. Mutual funds, in particular, are ideal options for new investors.
If you’re keen on investing in mutual funds, you’ll find the Moneyfy app from Tata Capital useful. Moneyfy offers you goal-based investment options, with which you can achieve your short-term and long-term goals by investing in mutual funds with a lump sum amount or with SIPs.
The advantages of working from home for employers
Employers also have many reasons to consider continuing this remote work culture. For starters, it could improve employee retention, leading to a lot of savings for businesses. In addition to this, promoting the work-from-home economy improves the productivity of employees. This, in turn, has excellent outcomes for the company’s business.
Remote work culture improves productivity mainly because there are fewer distractions, allowing employees to focus on their core tasks easily. Allowing employees to work from home also has another benefit for businesses. It helps them cut down on the costs associated with expensive office spaces.
The economic benefits of remote working
With teleworking becoming a real possibility even after the COVID-19 crisis has passed, it’s interesting to note that there are many economic benefits of remote working. Companies will find it easier to hire experts for various positions, since location will no longer be a constraint. The growth and productivity of our workforce may grow significantly with this option. This leads to more efficient business operations and can bring in an economic upswing.
In the wake of these economic benefits of remote working, your investment portfolio also stands to benefit from the positive impact of this culture.
Additional Read: Challenges of Working From Home and How to Tackle Them
As the economic upswing comes into play, your investments will witness a rise in value. You can make use of this upswing by investing in the right products now.
Mutual funds are among the best investment options, since you can choose investments that match your life goals and your risk profile.
With the Moneyfy app from Tata Capital, you can invest in the top-rated funds by Morningstar and by Value Research. You can also choose from different types of mutual funds, such as large cap, small cap, mid cap, and multi cap funds. Moneyfy also lets you invest in liquid funds, low duration funds, and ELSS. Your options are practically endless.
The positive impact it has on the environment
Above all, telecommuting has a profoundly positive impact on the environment. There’s less energy usage, and reduced use of fuels, since many people cut down on their daily commute. This, in turn, reduces the levels of pollution in the atmosphere. In these past few weeks alone, we’ve witnessed many positive developments. The air quality in many metros has gotten better, and the largest ozone hole in our atmosphere has healed itself. These are hopeful developments, and they show that in addition to the economic benefits of remote working, the environment also gets better.
Additional Read: Work From Home- the New Normal in the Post Coronavirus World?
All things considered, the work-from-home culture benefits the employee, the employer, the economy, and the environment. And as an individual, you get to save a larger portion of your earnings. If your employer supports telecommuting, ensure that you put the added money saved to good use by investing in opportunities that help you achieve your financial goals. Moneyfy from Tata Capital can help you here, since it’s a simple app with several features designed to help both new and seasoned investors. Put the funds you’ve saved up to good use now and invest today, so your money can grow tomorrow.