5 Benefits of Remote Work for Employers
Advancing technology and an evolving employee mindset have paved the way for remote, flexible work to rise in modern workplaces. This move towards productive working from a home office or similar space has fundamentally changed the way companies do business.
Giving office workers the perk of working from home, or expanding your hiring opportunities by making remote work an inherent part of your operations, comes with a host of benefits. If your office isn’t tapping into it, Sara Sutton, CEO of FlexJobs makes a solid point:
“A lot of employers are relying on the antiquated view that if somebody shows up at 8:30 a.m. and they’re dressed nicely, on time and physically in the office all day long, they’re productive. And that simply is not a remotely reliable measure of productivity in this day and age.”
Still need more convincing? Here are some of the top benefits of creating a remote workforce for your business:
1. Remote working increases productivity
The idea that employees have more control over their workday is a great productivity booster. When you have to show up to an office from 9 to 5, day in and day out, appropriately dressed and conducting yourself in a certain way, it can feel stifling and restrictive.
Because employees want work options. There’s both anecdotal and statistical evidence to support this. According to an article by Monster, the largest U.S. jobsite today, employees given the flexibility to work remotely were actually 20 to 25 percent more productive than their office counterparts. In other words, remote employees got more done in less time simply because they were given some autonomy. And with a steady wi-fi connection and the right communication technology, employers will reap all the benefits of a relaxed, reliable remote workforce.
2. Remote work can lower employee turnover
Hiring and training new employees can take a lot of time and cost a lot of money. Companies are always on the lookout for better ways to recruit and coach team members, so they continue to grow as part of the team. Remote working opportunities can help address both concerns.
A bulk of today’s workforce is composed of millennials. They not only expect flexibility in their jobs, they demand it. In fact, studies also show that remote working opportunities boost job satisfaction among employees, thus reducing employee turnover rates and increasing cost savings.
3. Remote employees are more engaged
A Gallup study notes that employees who were given the option to work remotely part time saw a huge spike in engagement. The study credits this to the employee’s ability to enjoy the best of both worlds — in-person interaction with co-workers balanced by the benefits of working from home.
4. Remote workers experience less stress
There’s a lot of stress associated with reporting to work — literally. The pressures of your job aside, simply commuting to the office can be demanding for some people. The cost of commuting to and from work is often a big stress factor for employees. Office politics can also be a factor in workplace stress.
These stress factors are minimized, if not eliminated, when you have the option to work as a telecommuter. When employees experience less stress, they’re more likely to be productive and loyal to the company that allows them this privilege without the threat of a pay cut.
5. Remote working helps your company save money
A lot of companies understand that a significant investment in technology is required to ensure seamless collaboration and communication between remote and in-house teams. Usually, offices will explore options like Hosted VoIP and Unified Communication platforms to support remote working opportunities. However, what they spend on this office equipment and technology is nothing compared to the amount businesses can save in terms of overhead costs and utilities.
For example, you can expand your talent pool without having to expand your office if you hire remote employees. This also means fewer people reporting to the office, which lowers in-house operational costs, as well as transportation, communication and real estate costs.
When it comes to remote work, the bottom line is that the benefits are hugely evident for both the business and its employees. If you want to find out if your company is equipped to offer remote working opportunities, give us a call today and learn how we can help.