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Working from Home or Renting an Office – Which Is Better?

Working from Home or Renting an Office – Which Is Better?

With the COVID-19 pandemic, many companies have had to ask themselves a question when considering work from home or work in an office: which is better? There are undeniable advantages to both working from home and renting an office. However, it is often best for employees to have access to an office – even if it is part-time like private office spaces for rent in Chicago. Here are some things to consider when it comes to working from home vs. working in an office.

Work from Home

Home working benefits have become more apparent than ever in the past two years for both companies and employees. Some job seekers are even prioritizing businesses you can work from home in their search. With this first experience in mind, some are now wondering, “should I rent an office or work from home?”. Here are the advantages and disadvantages to consider when working from home.

Working from Home Benefits

These are some of the main working from home benefits:

  • Flexibility: As long as the job is done in time and up to the company’s standards, does it matter when or where you take care of it? Flexibility is a favorite among home working benefits since it allows employees to fulfill their work obligations while adapting their schedule to their other commitments, such as family life, doctor appointments, and so on.
  • Location independence: Remote work allows companies to find employees that match their criteria without restricting their search to their geographic location. Therefore, they have access to a larger pool of talents and find candidates better suited for each post. Meanwhile, employees are free to travel anywhere and take extended trips to explore exotic locations in their downtime if they so choose.
  • Money and time saving: According to a study from the U.S. Census Bureau, the average one-way commute time in the United States is 26.1 minutes. It represents over 200 hours per year spent on the road instead of with loved ones, as well as a non-negligible expense for employees in transportation, gas, parking fees, and so on. Besides, working outside the home also adds extra costs such as eating out, a professional wardrobe, etc. Working from home benefits include significant time and money savings for employees.
  • Better work-life balance: Being able to work from home allows employees to regain their work-life balance thanks to the greater flexibility, lack of commute, and ability to make their schedule that it affords. Whether it includes working out or taking the dog out on their lunch break, being present for their kids’ sports competition, allowing for flexibility when scheduling doctors’ appointments or a meeting with a contractor, or taking more extended vacations, employees are free to set their schedule as they please as long as they can satisfy their work obligations.

Disadvantages of Working from Home

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As anyone who has had the opportunity to work from home or an office, it is not always without its inconveniences.

  • No dedicated workspace: As remote work became a permanent fixture rather than a transitory situation, some employees have started making space in their homes for a dedicated home office. However, it is not always an option, especially in tight urban settings. Many are still using a corner at the dining room table or a dark room in the basement as a workstation. The lack of isolation from domestic sounds, such as dogs barking, children playing, or noisy neighbors can also be an issue.
  • Privacy: Whether you work from home or work from an office, most employees prefer keeping their private lives separate from their work identity. However, it is not always possible when video conferences are a common occurrence. It is also more challenging to prevent personal issues from affecting your performance when you work from home.
  • Need for motivation: For many employees, it is harder to stay focused and motivated when working from home than in an office. Without coworkers or superiors to hold you accountable, so many distractions – whether it is a load of unfolded laundry or mindless scrolling on social media – can affect productivity. Sometimes, getting out of the house is what you need to get through a tedious task.

Working in an Office

If you are wondering whether to work from home or work from the office: which is better, then you may be considering the benefits of working in an office or a shared coworking space as opposed to working from home. Here are some of the perks and inconveniences of working in an office.

Benefits of Working in an Office 

Here are some of the benefits of working in an office:

  • Separated home life and work: Widespread remote work and the advances in technology have blurred the differentiation between work and home life. It is not uncommon for office workers to check their work messages and emails outside of business hours since they do not have a dedicated workspace and can make their schedule. This attitude, which is often encouraged by work superiors, can lead to faster burnout. Instead, working in an office creates more separation.
  • Work environment and productivity: One of the reasons why remote workers end up asking themselves, “ Should I work from home or go to the office?” is because they have issues staying productive in their home environment. Distractions such as talkative partners, children, or impromptu interruptions from the neighbors are not uncommon and make it harder to stay focused on the task at hand.

Disadvantages of Working in an Office

When it comes to working from home vs. working in an office, some elements may make companies and workers think twice.

  • Higher rental costs: Deciding whether they should work from home or in the office often comes down to one thing for companies: expenses. Renting an office, especially in a prestigious location that may reflect positively on the company, can be very expensive. For smaller companies, freelancers, and sole proprietors, the added costs may not be worth it since it affects their revenues, and rents are subject to change with little notice.
  • Dress code: Our world is getting more and more casual. Some industries have entirely gotten rid of dress codes, but it is not always the case. Although some people appreciate dressing up to go to the office, it is not to everybody’s taste. In many cases, the hassle of putting on formal clothes – especially on very hot or cold days – can feel unnecessary and make employees think twice before going to the office.

Hybrid Work Model

Whether you choose to rent an office or work from home, both have their positive and negative sides. However, the good news is that you do not need to commit to a single work model. Instead, you may adopt a hybrid working model.

A hybrid work model allows you to take advantage of the flexibility of working from home while still offering a dedicated work environment for employees to nurture company culture and enable employees to exchange during in-person meetings or have client reunions in a more formal setting.

Renting an office for a day is an excellent way to grow your business and provide a professional work environment as needed. It allows for more flexibility and can increase productivity. For example, you may schedule face-to-face client meetings and phone calls in a quiet environment rather than spreading them throughout the week, reducing wasted time on transportation.

Conclusion

So, which is better? Work from home or work from an office? The answer is simple: it is whatever your business and your employees need at that moment. Although remote work gives employees more flexibility and decreases time wasted on idle tasks such as commuting, most companies still occasionally need the professional environment of an office. Daily offices and coworking spaces offer the best of both worlds and provide the flexibility to tailor your schedule according to your company’s needs. Contact us today to find out how we can help your business flourish.

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