BYOD (bring your own device) is the increasing trend toward employee-owned devices within a business. Smartphones are the most common example but employees also take their own tablets, laptops and USB drives into the workplace.
In simple words it’s a common benefit used by many companies, primarily for tax reasons. The company pays you a monthly stipend to purchase and subscribe to a smartphone plan, rather than the company worrying about any of it. This allows users to do whatever they want, while receiving reimbursement, and the company doesn't have to deal with any of the headaches or tax implications.
BYOD benefits an Organizations by:
BYOD can definitely help both start-ups and corporates lower costs while also employing a method that keeps employees happy as well.
Saving money for buying the devices! As devices owned by the employees are used in the workplace, the Organization do not need to have corporate-owned devices to make available for the employees.
Employee productivity can be improved as they are familiar with their own devices, and are satisfied in using their own devices for work.
Although employee satisfaction and productivity can be achieved, and money can be saved, there are disadvantages in employing BYOD in an Organization. BYOD isn’t all wine and roses, though. There are some issues to consider as well. By embracing BYOD, organizations lose much of the control over the IT hardware and how it is used.
Security breaches can occur. Consider cases where the device is stolen or lost, or the employee change sides, and then you can know how security breach will be occurred.
To prevent this, it is necessary to have a Mobile Device Management (MDM) solution, which can provide several layers of security over the devices.
Today, employees expect to use personal smartphones and mobile devices at work, making BYOD security a concern for IT teams. Many corporations that allow employees to use their own mobile devices at work implement a BYOD security policy that clearly outlines the company's position and governance policy to help IT better manage these devices and ensure network security is not compromised by employees using their own devices at work.