remote workforce

Remote Workforce Productivity: Who Tops the SBA?

May 21, 2021

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If you think your organization’s workforce has accomplished a lot working remotely this past year, consider how you stack up against the Small Business Administration (SBA). A recent  article titled, “SBA executives ‘beyond doubt’ that teleworking employees are more productive,” published on Federal News Network, pointed out that utilizing a 100% remote workforce, the SBA issued, “14  years’ worth of loans in 14 days under the CARES Act.”

With the need to process hundreds of billions of dollars in pandemic relief spending, the SBA has found it necessary to triple its workforce. SBA Chief Technology Officer Sanjay Gupta has stated that it is hard to imagine a “post-pandemic scenario where most employees are back in the office.”

Citing both increased productivity and the cost savings created by reducing office space, Roger Garland, the director of SBA’s Processing and Disbursement Center, said, “I think we’ll be able to attract better people and keep them longer by offering telework as a permanent solution.”

The agency did note the need, however, to maintain a physical presence, especially in locations that are underserved by internet access.

Remote Workforce Continuing or Back to the Office?

Data from Pew Research Center shows 54 percent of all workers would like to continue working remotely. Lynne Cazaly, a Workplace Specialist, spoke to CNBC, as part of an article titled, “The time to negotiate an annual month of remote work may be now,” about the option to work remotely as an employee benefit.

She points out that offering this benefit either on a fulltime basis or at least, as a partial option is a way for organizations to attract and retain workers. Cazaly said, “Companies … know there is a growing war for talent … if you’re not offering these kinds of evolving benefits, there’s a competitive disadvantage there.”

#remoteworker #workforce #SBA #COVID19

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Lion Street Advisors // Lion Street Financial

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