Advantages And Disadvantages of WFH

Advantages And Disadvantages of WFH

Nikhil Dattatray Avhad , Prof.S.B.Waghole, Dr.Prof.Ashwini Kshirsagar

Nikhil Dattatray Avhad , Marketing &  Alamuri Ratnamala Institute of Engineering and Technology

    Prof.S.B.Waghole,Marketing &  Alamuri Ratnamala Institute of Engineering and Technology

   Dr.Prof.Ashwini Kshirsagar  , HOD  MMS & Alamuri Ratnamala Institute of Engineering and Technology

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Abstract - In this paper, we explore the cost-saving benefits associated with WFH, such as reduced overhead expenses for office space and utilities, as well as potential productivity gains stemming from flexible work schedules. However, we also delve into the challenges that WFH poses for financial professionals, including the loss of in-person collaboration opportunities, heightened cybersecurity risks, and implications for organizational culture and employee engagement.

Through a comprehensive analysis of existing literature, case studies, and empirical data, this paper seeks to offer insights into how financial firms can effectively navigate the transition to WFH, capitalize on its advantages, and mitigate its drawbacks. Ultimately, it contributes to a deeper understanding of the evolving dynamics of remote work within the finance sector and provides valuable recommendations for practitioners and policymakers alike.This paper amalgamates extant literature, empirical inquiries, and real-world illustrations to furnish a holistic comprehension of the intricacies surrounding WFH. By scrutinizing the positive and negative facets, organizations can craft judicious WFH policies to optimize benefits while navigating challenges in the ever-evolving terrain of remote work.

Key Words: Work-From-Home (WFH), finance specialization, remote work, advantages, disadvantages, productivity, flexibility, collaboration, communication, cost-efficiency