There is a lot to talk about the quality of life at work, but few companies are effectively offering an attractive work environment for their employees. It’s no wonder then remote-friendly companies attract some of the best and brightest employees from across generations. Hiring remote teams – or a number of freelancers – means that employers have less of an obligation to provide perks. Okay, so now that we have established the key benefits of remote work for employers, let’s examine the evidence that supports these claims. Here are five specific benefits of telecommuting and other flexible work options, and why they are a win/win. Some Benefits Of Remote Work For Employers, Source. The good news is that by offering the option of remote working, you won’t have to give up on him. But what are the benefits for you as the employer? Flexible Schedule. Although the reviews of working from home are certainly mixed and remote work isn’t an option for every type of work, many employers have, by now, laid the groundwork for their team to continue to work remotely if they wanted to. The majority of those who work in offices in the city commute to work. Finding the right talent for the right job is a challenge by itself. Fall and Winter 2020 Fashion Trends that We Love. Stress is a big contributor to mental health problems like anxiety and depression; so cutting this is obviously crucial to a productive workforce. Okay, so now that we have established the key benefits of remote work for employers, let’s examine the evidence that supports these claims. Consequently, it’s not hard to see why remote work has come under the microscope increasingly over the past year. Numerous surveys have indicated that this it is something that they want and expect. Employees working remotely can see the doctor more easily, eat healthier and take care of ailments better; which means that they have the ability to work more efficiently and have less time off than if they were in an office. Pretty useful, look forth to visiting again. Flexible work options increase productivity. Terms and Conditions  |   Cookie Policy  |   Privacy Policy, they will have to spend less – or nothing – on office space, a business that cares about the environment, Being able to work when and where they want (in some positions and companies). With the benefits of working from home, the trend may start a revolution. When companies try to fill positions, they tend to restrict their search because relocation is no walk in the park for both the employee and the company. Six remote working benefits for employers 1. Love Story Turns 50 and We Still Remember the Fashion. However, having a remote workplace can significantly benefit employers, too. Access to a diverse geographic talent pool. The USPTO provided the perfect opportunity. Many employers got an unexpected trial in what it feels like to have a fully remote team due to the novel coronavirus pandemic of 2020. Imagine a traditional office space. Increased Productive Workforce: Several reports have shown that employers of labour who promote the culture of working remotely witness an increased level of productivity in their workforce as opposed to organisations that don’t. When companies try to fill positions, they tend to restrict their search because relocation is no walk in the park for both the employee and the company. Seeking to increase efficiency, the agency implemented the Telework Enhancement Act Pilot Program (TEAPP) in 2012. 14.12.2020 - 5min read - by Amine Maamir. Many hirers’ reasons to not use remote employees is because they are worried about the intricacy of it all (how to pay remote employees, how to scrutinise their work, etc. There are many huge benefits for companies and employers that implement flexible home working environments. Instead of competing on a regional level for job opportunities and work, employees must now compete with candidates all over the world and at much lower compensation levels. This allows organizations to work with a bigger talent pool of applicants when hiring for any position. People being less inclined to purchasing throwaway cups or containers on breaks. With fewer people in the workplace, the company no longer needs to afford large spaces, full of desks, computers, and telephones. Having space where nobody will interrupt is very important for this-this is why remote work is so popular in these industries. Having employees working from home has several environmental benefits, including: Being in control of factors that can damage the environment (such as office supplies and the use of lights). Remote work in 2021: 4 considerations for employers As we enter into 2021, we can anticipate an evolution in the hiring and recruiting space. It’s pricey to rent or buy office space, but that’s not the only expense when it comes to having an in-house office. Since 2005, regular remote work among non-self-employed people has grown by 173% , and across the globe, more than half of employees work from home at least once a week. By 2025, an estimated 70% of the workforce will work remotely at least five days in a month. Here are ten benefits of remote work for employers: Higher Profitability; Lower Expenses; Better Employee Satisfaction; Higher Productivity; Lower Absenteeism; Higher Employee Retention When the benefits of working at home (or at a preferred location) are realized by the employee, they become motivated to maintain that structure. Freelancers typically purchase their own computers and other devices and claim it under their own business expenses – so this is one less thing that the employer has to worry about! For both employers and employees, remote work represents opportunity on a global scale. They are generally facing some sort of issue at home, are stressed, or have personal needs to take care of. This means that the savings on office space can be astronomical; and every expense cut is, of course, in addition to a business’ profits! This statistic shows benefits of remote work to the employers in 2020. Productivity — Teleworkers are an average of 35-40% more productive than their office counterparts, and have measured an output increase of at least 4.4%. and the companies that they work for are not indebted to providing pension schemes. How? Remote working is a trend that a lot of companies are going to adopt in the next few years – and many have already taken the plunge. Shutterstock. Unfortunately, the office environment can create “false positives” that can lead … They’re not always an obligation for remote teams or companies that hire freelancers, especially if the team is spread out. Australia must fire up technology to future-proof its economy. How to Create and Maintain a Healthy Workspace? Since employers won’t have to compromise on the quality of staff and shell out extra resources to train them, they can cut down training costs completely. Larger Talent Pool. Let’s take a look at the benefits of remote work for both employees and employers. Let’s see the benefits of working remotely and why people like it: 1. Benefits of Remote Working for Employees and Employers. While freelancers understand the perks of working remotely, some companies might not be keen on the idea. But either way, there will almost certainly be a larger selection of people than if the role was advertised as an in-office position. Commuting Isn’t The Best. They’re likely to be thankful for the chance to spend more time at home with loved ones and to have a flexible working day. 10 Benefits of Working Remotely for Employers. By offering the possibility of remote working, the company makes room for the employees to enhance productivity, instead of just meeting the targeted hours. The remote work setup can also make it easy for employees to find excuses for failing to do what their employer expects of them. Furthermore, the top remote work benefits have shifted from work-life balance in 2017 to focus and productivity in 2018. Why You Should Invest in Learning Blockchain Technology in 2020? If you feel like the benefits of remote working for employers benefits you, then why not add some remote workers to your team? According to recent statistics, commuters can begin experiencing depression and have much less life satisfaction. According to this article on Inc., nine out of 10 workers who currently work remotely plan to do so for the rest of their careers. Some Benefits Of Remote Work For Employers, Source. But what many people do not know is that working remotely brings several benefits to the business itself. Sometimes an office environment can also be loud and distracting for some employees. One of the key reasons entrepreneurs switch to remote work is to gain more productivity from their workforce. Below you’ll find the most important statistics on the remote work. 6. Benefits of working remotely for employers Attract potential talent. A Quick Guide to Managing Remote Team in the Wake of COVID-19. In fact, the study by Canada Life shows that on a scale of 0 to 10, the productivity level of remote workers is 7.7 while that of employees working in the traditional environment is 6.5. If kept unchecked, this could lead to more health hazards such as anxiety and lack of social experiences. Your email address will not be published. Advantages of Remote Working. 9 Servant Leadership characteristics for Success, Servant Leadership Techniques can reduce Employee Turnover, Five Strategies for success for First-Time Entrepreneurs, 5 Low-cost Pro Tips for Running an Effective PR Campaign, Digital marketing strategies for the post-crisis scenario, 6 Remote Work Myths that Employers Need to Stop Believing. Ultimately, remote working allows for increased flexibility for your employees. While not true for all positions, many remote workers pay for their own remote working equipment. Many employees feel more inclined to do employers a favour. Hiring from a wider pool of talent: It can be challenging to find the right person for the job, and hiring remotely allows businesses to cast a wider net. As you will be less likely to have to sacrifice on the location of the person, you’ll be able to focus on people who already have training for the required position. When the pandemic subsides—and it eventually will—employers will have a unique opportunity to fundamentally revisit their remote work policies. Employers should take advantage of the months of available data and firsthand experiences with remote work to take a more employer-centric look at the benefits (or drawbacks) of remote work. That was before the COVID-19 pandemic hit planet Earth and turned the world of work upside down. Most employers need to move out of the dark ages when it comes to their attitude towards remote workers and telecommuters. But now that he’s moved to another country, you don’t want to lose him. Performance — … The result? Benefits of Working Remotely to Employers. Basically, there are a lot of benefits of working remotely for both employers and employees. The lockdown has shown employers there are benefits to remote working Companies can see that productivity and performance does not fall off a cliff, and agile working can boost employee morale And, it also takes much time and effort to come back to work zone again. In addition to enhancing productivity, remote work also helps companies by allowing them to recruit the best people, no matter where they happen to live, and to retain those remote rock stars after they’re hired. Up to now when the world is reeling from a pandemic and remote work has been the best alternative, many employers are still apprehensive of the work-from-home arrangement. Workers can set up a place at home where they are comfy and void of distractions. By Job van der Voort | … It really is! When a company prefers to work with remote teams, financial resources are utilized in the best possible way. The advantages that remote work provides employees are straightforward. Nearly 70% of millennials surveyed said their interest in an employer would increase if there was a remote work option. Hiring remotely allows employers to choose ‘the best of the best’. 9. Instead of hiring a semi-qualified applicant in your area, you can look nationally or even internationally until you get the best candidate for the position. Despite many employers being concerned about the potential lack of productivity in work-at-home environments, many actually find the contrary to be true. Remote Working has grown over the last decade with workers and employers adopting to their new world of work. November 1, 2019 . Flexible Schedule. But it’s not just employees who benefit: employers are starting to view remote work as an important part of recruiting and retaining top talent, staying competitive in their field and even saving business costs. Let us discuss more about the benefits that employers can reap by allowing employees to work remotely. Its appeals for employees are obvious. 2. This is due to a few reasons: These factors will help you keep trained staff in the job for longer. And while the virtual workplace is a place to work, friendships can still be fostered here, increasing job satisfaction and in turn, productivity. In fact, the study by Canada Life shows that on a scale of 0 to 10, the productivity level of remote workers is 7.7 while that of employees working in the traditional environment is 6.5. Younger workers too are seeking out the benefits of working remotely. Fashion. Conversely, remote workers can start their day with the warmth of their homes and can spend more time at work while enjoying a cup of hot coffee. Electricity and water bills must be taken into account, as well as the costs of Wi-Fi. How Businesses Can Deal With the Economic Fallout of COVID 19? One of the more obvious benefits of remote working for employers is that they will have to spend less – or nothing – on office space. To study the productivity effects of work-from-anywhere policies, Choudhury looked for a setting that would allow the researchers to isolate productivity changes among workers with similar job functions under different remote-work conditions. Working remotely saves companies money. It’s always good to be seen as a business that cares about the environment. Many employers and managers have the misconception that allowing their employees to work remotely will have a negative consequence in productivity. The most evident reason why people want to work remotely is that it offers them flexibility. It reduces costs for workers. Furthermore, the top remote work benefits have shifted from work-life balance in 2017 to focus and productivity in 2018. Here are the most compelling positives you can see by enabling virtual employment. Engaged Workforce: An engaged workforce would lead to an improved level of happiness score among employees. 5 Remote Work Benefits. How Your Business Can Reap Benefits from Smart Contract ? Employers might find that remote workers are more inclined to even start their day early due to lack of commuting – and as they won’t be rushing to make a train at the end of the day, they may well be happy to stay an extra five minutes to finish off any tasks. It is due to the proximity of their work to the home. How to Lead Efficiently In Times of Crisis? Remote Work Benefits Employees and Employers . Hiring remote workers supposedly lowers operating costs, as well as some capital expenditures. Let’s see the benefits of working remotely and why people like it: 1. Remote work implies that companies will have access to workers who already possess the skill sets required for the advertised job profile. It Has Never Been So Easy. It’s a concept that’s both exciting and intimidating at the same time. Electricity and water bills must be taken into account, as well as the costs of Wi-Fi. This recognition is manifested in the form of loyalty to the company, and productivity also goes high. You might not think it, but there are some great advantages for hiring remote workers when it comes to the employee retention rate. Offering this type of benefit can help employers attract the young, highly skilled employees that might not otherwise be interested in a role. The impact working remotely has on workers, employers, and the economy. Flexible work options increase productivity. One of the huge benefits of hiring remote teams is that work can be done around the clock – and not just during office hours at the location where your team is based. Here’s an overview of the 5 top remote working benefits: Staff are more productive. According to recent statistics, commuters can begin experiencing depression and have much less life satisfaction. Hiring native speakers in a language again help customer service needs to be met; increasing customer satisfaction and brand loyalty. Many employers got an unexpected trial in what it feels like to have a fully remote team due to the novel coronavirus pandemic of 2020. While office parties are often exciting social events, they can be a financial burden for employers. Commuting Isn’t The Best. Consequently, it’s not hard to see why remote work has come under the microscope increasingly over the past year. So another of the benefits of remote working for employers is that employees will use their time more productively if they work from home. Employers need to trust that their employees will stay productive and maintain expectations; employees need to trust that their employers won’t abuse working hours or develop unrealistic expectations. While working remotely, productivity increased among all examiners and continued to rise with each step toward the full work-from-anywhere policy, the researchers found. The majority of those who work in offices in the city commute to work. The Benefits Of Working Remotely All Business states that “the improvement remote working has on employee morale is almost a given”, going on to point out that remote workers typically have a much higher work satisfaction than in-house employees. Other studies show that unscheduled absences cost employers $1,800 per employee each year in lost work, but 78% of employees who take off work aren’t really sick. Whether that being saying yes to a little more work, being responsive to emails about different tasks or even going to appointments and meetings (if the remote worker lives close by); they will gladly do this if they feel like their needs are being met. As well as less stressed, employees who work remotely tend to have more gratitude. And it’s never been so easy; with software like Trello (that keeps teams organised) and modern technology like interactive displays (that connect with employee’s devices to ensure that everyone stays focused), remote work is a definite possibility for many teams. Benefits of Working Remotely to Employers 1. Hiring remote workers means that you’ll have access to a lot of employees who already have the necessary skill set required for the advertised job. Some may say that the benefits are directly related to talent recruiting, employee productivity, happiness and health. Despite them, acceptance of work-from-home (WFH) arrangements hasn’t been quick. Some businesses are able to hire people from anywhere in the world, whilst others require someone to be in a particular location or time zone. In addition to this, you can also save on electricity, water, energy, property tax, and other fixed expenses that burden the cash and do not bring direct benefits to the enterprise. Digital Workplace Group states that 2008, the number of people working remotely has seen a 115% rise, and they have predicted that 38% of the population of full-time employees will be doing their work remotely in the next decade. Giving employees the ability to work remotely also allows you to hire outside of normal commuting distance. The vast majority start their workday with endless trips, crushed in mass transit, or being pushed into the stations as if they were in the middle of a stampede. Having fewer employees in the office also reduces costs for a business. All rights reserved. Besides, by having loyal employees, you will reduce hiring costs due to high turnover. While remote working typically has a reputation for being unsocial, virtual connections can be made with people all over the world. Thus, by promoting remote work, the company can save huge on corporate investments. Higher morale is understandably great for employers; a driven team is much more likely to work as required than an unmotivated one! Now that we’ve given you a few examples of remote work policies you could opt for, let’s get back to our original topic. Employees are more likely to carry on working during pregnancy and early motherhood (even if they reduce their hours). Applications like Trello and Slack help to keep remote workforces organised and hardware like interactive displays ensure that teams can still interact, even if they are not all in the same place. Put shortly, cutting the costs of perks for employees means that the companies hiring them can make big savings. Personally, I’m all for it. Few are the privileged employees who can enjoy a walk to the office. When you hire remote employees, you can eliminate the … Because remote workers aren’t shelling out for commuting costs and often save money on lunches and coffees, they often do not mind a slight reduction in wages. 1. This cuts training costs out completely. Here are some of the most compelling reasons why switching to remote work can empower your small business: 1. The most evident reason why people want to work remotely is that it offers them flexibility. The average real estate savings for employers with full-time remote workers is $10,000 per employee every year, according to stats from PGI News. So why is remote work so popular? A remote working policy provides valuable opportunities and benefits for business owners, but more importantly, for the workforce too. Freelancers are likely to organise their own health insurance etc. This means that the savings on office space can be astronomical; and every expense … With the benefits of working from home, the trend may start a revolution. Remote work doesn’t just have benefits for mental health; there are great physical health benefits of working remotely from home as well. Hiring from a wider pool of talent: It can be challenging to find the right person for the job, and hiring remotely allows businesses to cast a wider net. Do you see a thriving, energetic work center, or are you imagining … The biggest of which will be to convince your employer that letting you work remotely isn’t a loss for the company – it’s a benefit. And, remote work is a way of recognizing that such functions need to be performed efficiently and not be treated like others that demand physical presence at work. When talking about remote working, most people tend to equate the benefits with employees, not the employers. Remote could indeed be the workplace of the future. December 11, 2020. Let’s make work fairer, greener, and happier – for all of us. Working remotely offers more choice of jobs, to more people: saving time, saving money, reducing stress, and cutting pollution. Remote workers can save about $7,000 a year on average, … Benefits of working remotely for employers Attract potential talent. APAC Entrepreneur – Technology | Business | Startups | Marketing | Management. Although the reviews of working from home are certainly mixed and remote work isn’t an option for every type of work, many employers have, by now, laid the groundwork for their team to continue to work remotely if they wanted to. Imagine you know a dedicated and talented employee you work with and want to have on your team forever. In the busy world we live in time is invaluable and we never seem to have enough of it. They can focus on their job for a longer time. 17 Remote Working Benefits for Employers and Employees Thanks to Wi-Fi and communication technology, many workers are no longer tethered to a desk job and can work from home or even from the road. Since 2005, regular remote work among non-self-employed people has grown by 173% , and across the globe, more than half of employees work from home at least once a week. Advantages of Remote Working. Kyle Schnitzer. Having an international team helps people from different cultures learn from each other and share ideas that can be adopted across the board. This can be particularly beneficial in locations or professions … Here are five specific benefits of telecommuting and other flexible work options, and why they are a win/win. In addition to enhancing productivity, remote work also helps companies by allowing them to recruit the best people, no matter where they happen to live, and to retain those remote rock stars after they’re hired. Let’s break down a few of the advantages: 1. There are a ton of benefits to remote work for both employees and employers, although it might seem like it is only in favor of the employee. But other companies think workers perform and collaborate better when they're in the office, and employees who work fully remotely tend to feel isolated. If kept unchecked, this could lead to more health hazards such as anxiety and lack of social experiences. In fact, the study by Canada Life shows that on a scale of 0 to 10, the productivity level of remote workers is 7.7 while that of employees working in the traditional environment is 6.5. When done right, remote work allows employees and companies to focus on what really matters—performance. The benefits of remote work for the employee are clear. But, did you know that working remotely is also good for the environment? Expenses that the worker does have from working at home – like the cost of laptops and other equipment – are often thought to be their responsibility, as they will likely be using the gear for leisure as well. On the other hand, when you allow your employees to balance their personal and professional life, they remain grateful. Increased Productive Workforce: Several reports have shown that employers of labour who promote the culture of working remotely witness an increased level of productivity in their workforce as opposed to organisations that don’t. Around 82% of telecommuters have lower stress levels than in-house workers. There are many huge benefits for companies and employers that implement flexible home working environments. We already know that working from home provides many benefits including increased productivity, reduced business costs and a healthier lifestyle. Fashion News; Shopping; California Breeze; Stylish Accessories Your Wardrobe Needs This SS21 Season. But if you’re the first to attempt this in your company, you might have some barriers to overcome. For employers, this can also be a risky proposition. Lack of commute and a flexible working schedule makes remote working a favored option for employees. Working from home surely has its benefits. Having correspondents in major time zones means that someone will always be around to answer any queries and solve any problems. Many employers and managers have the misconception that allowing their employees to work remotely will have a negative consequence in productivity. Talent: You are not limited to geographical proximity anymore. Having positive staff members does wonder for a company and subsequently, their profits. Some professions, in particular in the tech industry, require employees to work in ‘blocks’; they may need to focus for many hours at a time. But for the employers, the pros are not as obvious. Below you’ll find the most important statistics on the remote work. When the pandemic subsides—and it eventually will—employers will have a unique opportunity to fundamentally revisit their remote work policies. Statistics that prove the benefits of remote work for employers. Remote work offers an abundance of benefits, but not without potential drawbacks. In previous years, many employers have expressed concern about hiring remote workers; they fear that they might not get the job done without supervision or be uncontactable when they are needed. Remote workers and employees alike can both enjoy the financial benefits of working from home. In this post we look at the most positive environmental benefits … Generally, employees hate commuting – many claiming delays are as bad as having a pay cut. Instead of hiring a semi-qualified applicant in your area, you can look nationally or even internationally until you get the best candidate for the position. Remote-work policies are popular with many employees, who cite an improved work-life balance among its many benefits, and employers, who gain from reduced operational costs. As well as less time spent traveling, working from home reduces office gossip time, lateness, and time wasted in the coffee shop. Another perk of the wider talent pool is that natives in other languages can easily be hired. One of the more obvious benefits of remote working for employers is that they will have to spend less – or nothing – on office space. The benefits of remote work for employees are often more obvious, and therefore more widely discussed, than the advantages for employers. Let’s make work fairer, greener, and happier – for all of us. Three benefits for employees 1. Remote work is interesting, and it’s exciting, which means people are more likely to read about it and publicly endorse it. Your email address will not be published. Lack of commute and a flexible working schedule makes remote working a favored option for employees. Perks include: But you might be asking how working from home saves companies money, or even if remote working is even feasible for your workplace.