Virtus Groups

09/30/2021

This week we present LooView: the all-in-one automated business management system for portable toilet owners and operators. LooView is allowing these businesses to provide a higher level of service at a fraction of their original cost. They are ultimately saving portable toilet rental companies large amounts of time and money, making for business models that are more efficient and more effective.

LooView’s ideal customers are portable restroom rental operators (which consist of owners, drivers and operators/dispatchers). Typically, portable toilets are monitored manually and serviced on static schedules. Portable restroom operators (PROs) lose hundreds of hours annually using traditional methods of route planning and service dispatching. PROs spend valuable time and resources planning routes and servicing toilets on a routine schedule, regardless of their actual condition and service needs. Current solutions available on the market are unreliable and time consuming to integrate because they rely on mixing different types of incompatible solutions together. The system is inefficient and has a tremendous amount of room for improvement - LooView is here to do just that.

Read more here:

This week we present LooView: the all-in-one automated business management system for portable toilet owners and operators. LooView is allowing these businesses to provide a higher level of service at a fraction of their original cost. They are ultimately saving portable toilet rental companies larg...

09/15/2021

Telecommuting is obviously not possible for every job, but many industries have a significant amount of potential to become partially or fully remote. The finance, management, professional services, and information sectors have the highest potential for remote work. For example, in the Finance and Insurance sectors, 86% of all activities do not require physical on-site presence to be accomplished, acting as a theoretical maximum for time spent working remotely in these industries.

Read McKinsey & Company’s analysis of 2000 tasks, 800 jobs, and 9 countries regarding remote work here:

The future of remote work is likely to be hybrid in the wake of the COVID-19 pandemic, mostly for a highly educated, well paid minority of the workforce.

09/14/2021

Although there are many benefits associated with remote and hybrid work models, employers still have their concerns about this change. For example, when asked what their biggest concern is, 30% of business leaders replied with maintaining corporate culture in the workplace. Due to concerns like these, 61% of business leaders have implemented more frequent manager-employee check-ins to maintain productive working relationships.

Read more about the benefits and concerns related to remote work here:

Remote Working Statistics You Need to Know in 2021 A little over a year ago, the world changed dramatically, almost overnight. As organizations have now fully embraced remote work, at Intuition we wanted to gain a better understanding of the numbers behind this work-model shift, looking specifically...

09/13/2021

Workplace operations can fall under two main categories – companies that require daily in-office attendance, and those that allow remote or hybrid work. Turnover rates are often significantly higher for the former. Companies that allow remote work have a 25% lower employee turnover rate than those that don’t, and 74% of workers would quit their job if offered more flexible options from a different organization. These statistics go hand-in-hand with one another.

Read more about the benefits and problems associated with remote work here:

We've created a comprehensive list of the most interesting remote work statistics examining just how popular this phenomenon has become.

09/10/2021

Aside from the financial benefits that employers can reap from implementing a remote or hybrid work model for their company, workers also tend to make more and save more money than their in-office counterparts. 30% of telecommuters save upwards of $5,000 per year and, on average, people who work from home earn $4,000 more annually. This is likely due to the extra time they have available to work, the more productive they tend to be, and the costs they save by skipping a long commute.

Read more about remote and hybrid work statistics here:

09/09/2021

This week we present Tankfull: a startup that is looking to make big changes in the oil and gas industry. Tankfull has the industry lead in oil/gas tank sensor technology and is planning to use it to increase speed and efficiency to an unprecedented degree.

Monitoring tanks manually is currently the status quo for the oil and gas industry. A worker needs to drive to each tank to measure and record the tank level and pump rate several times per month. Tanks are scattered across large rural areas for the most part, injecting chemicals into wells and pipelines. There are an estimated 350,000+ chemical tanks in the North American oil field industry. Manually monitoring these tanks costs time, money, adds emissions to the atmosphere, and decreases the safety of operations. It also leaves procurement, accounting, and chemical manufacturing/logistics personnel working without real-time data. This current system has inefficiencies at every level, and Tankfull is here to change that.

Read more here: https://lnkd.in/dWVfi_hK

This week we present Tankfull: a startup that is looking to make big changes in the oil and gas industry. Tankfull has the industry lead in oil/gas tank sensor technology and is planning to use it to increase speed and efficiency to an unprecedented degree.

09/08/2021

Some overlooked benefits of allowing employees to work remotely are the positive effects it has on job retention, job satisfaction, and talent acquisition. From research conducted by Owl Labs, 83% of both remote and non-remote employees state that opportunities to work remotely make them feel happier at their job. Additionally, 81% of employees say that the option to work remotely would make them more likely to refer their friend as a job candidate to the company, a highly effective method of recruiting.

Read more about remote work statistics below:

Remote work isn't going anywhere. Here are 40 stats that you'll need to know as remote work becomes even more common in the future.

09/07/2021

Working remotely has both its efficiencies and inefficiencies, but after the multiple studies that have been conducted since the beginning of the COVID-19 pandemic, one conclusion is clear: people tend to work more when they work from home. On average, remote employees worked an extra 26 hours each month throughout COVID – approximately one extra day every work week. Additionally, 1 in 5 employees self-reported that they worked more hours when their workplace switched to a remote working model. This is likely due to the extra time individuals recover when they start working from home.

Read more about remote work statistics and findings here:

Check out this list of remote work statistics and telecommuting statistics to learn about the state of remote work and where it's headed next.

09/03/2021

A hybrid work model consists of a workforce that has the option to work remotely from their residence or commute to the company office. Employees can then decide where they are most productive and choose to divide their time at each location accordingly. This model is seeing an explosion in popularity, especially amongst high-growth companies. 63% of high-revenue growth companies are using hybrid workforce models to take advantage of its benefits, including talent retention. 78% of HR professionals in the Crain’s Future of Work survey stated that flexible options and remote working are effective ways to retain workers without spending money.

Read more about hybrid work statistics here:

Much of the business world is in uncharted territory in 2021 and beyond. Many employers want their workforce back in… Read More »

08/31/2021

The option to engage in remote work acts as a major incentive for most employees and has changed their attitudes towards their salaries in a significant way. In one survey, 25% of respondents said they would take a pay cut of more than 10% in order to continue working from home after COVID-19 becomes no longer a threat. Additionally, 50% of workers stated they don’t plan on returning to their work unless remote work is offered as an option.

Read more about remote work statistics and facts here:

Remote work has grown exponentially through 2020. In this post, we share WFH statistics for HR professionals to navigate a path forward.

08/30/2021

When switching to a hybrid or fully remote work model, employers not only save a substantial amount of money, but they are also more likely to retain talent and reduce employee turnover. Research from Stanford University concluded that there was a 50% decrease in overall attrition from the cohort of home-based workers. Additionally, allowing employees to work from home only half of the time can save employers approximately $11,000 per employee, every year.

Read more about remote work statistics and facts here:

Remote work is here to stay, with countless benefits for both employers and employees. Check out the latest remote work stats!

08/26/2021

Aside from being far more convenient, having employees work from home can be very beneficial to the entire organization. A body of research suggests that companies lose $600 Billion per year to various workplace-related distractions. Additionally, remote work tends to make people more efficient. Workers can be 35%-40% more productive than their in-office counterparts. Companies have been seeing the benefits of remote work since the beginning of the pandemic, and many of them are choosing to remain this way.

Read more about remote work statistics and facts here:

How much has remote work impacted business? Here are some remote work statistics that provide insights for where things look moving ahead.