If you feel like the benefits of remote working for employers benefits you, then why not add some remote workers to your team? It really is! Nearly 70% of millennials surveyed said their interest in an employer would increase if there was a remote work option. Remote Working has grown over the last decade with workers and employers adopting to their new world of work. They are generally facing some sort of issue at home, are stressed, or have personal needs to take care of. Many employers and managers have the misconception that allowing their employees to work remotely will have a negative consequence in productivity. Ultimately, remote working allows for increased flexibility for your employees. Another perk of the wider talent pool is that natives in other languages can easily be hired. How Businesses Can Deal With the Economic Fallout of COVID 19? Electricity and water bills must be taken into account, as well as the costs of Wi-Fi. 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. With the benefits of working from home, the trend may start a revolution. While not true for all positions, many remote workers pay for their own remote working equipment. ), but absenteeism due to commuting time can be curbed by hiring a remote team. 12. Giving employees the ability to work remotely also allows you to hire outside of normal commuting distance. 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. How Your Business Can Reap Benefits from Smart Contract ? Larger Talent Pool. 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. 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. 14.12.2020 - 5min read - by Amine Maamir. The remote working group results not only showed a work productivity boost equal to a full day’s work, but also fewer sick days and a 50 percent decrease in employee attrition. 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. Lack of commute and a flexible working schedule makes remote working a favored option for employees. No matter how much emotional decompression rooms, games room, and other benefits are available, it is a fact that people always miss their “me-time” dedicated to their needs. It reduces costs for workers. 6 tips to confidently navigate your freelancing career. 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. A Quick Guide to Managing Remote Team in the Wake of COVID-19. 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. When talking about remote working, most people tend to equate the benefits with employees, not the employers. Let’s make work fairer, greener, and happier – for all of us. Okay, so now that we have established the key benefits of remote work for employers, let’s examine the evidence that supports these claims. Despite them, acceptance of work-from-home (WFH) arrangements hasn’t been quick. The good news is that by offering the option of remote working, you won’t have to give up on him. This is fantastic for businesses requiring translation or customer service to people in all areas of the world. 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. Around 82% of telecommuters have lower stress levels than in-house workers. When done right, remote work allows employees and companies to focus on what really matters—performance. Six remote working benefits for employers 1. 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. By 2025, an estimated 70% of the workforce will work remotely at least five days in a month. How to Lead Efficiently In Times of Crisis? Below you’ll find the most important statistics on the remote work. 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. 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. 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. And while the virtual workplace is a place to work, friendships can still be fostered here, increasing job satisfaction and in turn, productivity. Remote work implies that companies will have access to workers who already possess the skill sets required for the advertised job profile. The Benefits Of Working Remotely Here are five specific benefits of telecommuting and other flexible work options, and why they are a win/win. Let’s break down a few of the advantages: 1. 10 Benefits of Working Remotely for Employers. Working remotely offers more choice of jobs, to more people: saving time, saving money, reducing stress, and cutting pollution. Having fewer employees in the office also reduces costs for a business. On the other hand, when you allow your employees to balance their personal and professional life, they remain grateful. But, did you know that working remotely is also good for the environment? While remote working typically has a reputation for being unsocial, virtual connections can be made with people all over the world. Here’s an overview of the 5 top remote working benefits: Staff are more productive. This statistic shows benefits of remote work to the employers in 2020. Higher morale is understandably great for employers; a driven team is much more likely to work as required than an unmotivated one! The majority of those who work in offices in the city commute to work. Advantages of Remote Working. Companies that allow remote work enjoy the benefits of easier recruitment, improved retention and higher productivity of their employees - while saving money! 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. It’s a concept that’s both exciting and intimidating at the same time. 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. The most evident reason why people want to work remotely is that it offers them flexibility. This recognition is manifested in the form of loyalty to the company, and productivity also goes high. Hiring remote workers supposedly lowers operating costs, as well as some capital expenditures. As well as less stressed, employees who work remotely tend to have more gratitude. The remote work setup can also make it easy for employees to find excuses for failing to do what their employer expects of them. 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. If kept unchecked, this could lead to more health hazards such as anxiety and lack of social experiences. While freelancers understand the perks of working remotely, some companies might not be keen on the idea. Its appeals for employees are obvious. In a highly competitive global economy, working smarter often means leveraging the manifold benefits of a remote workforce. 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. ), and are concerned that they won’t be able to maintain their high level of business collaboration. Advantages of Remote Working. 5 Remote Work Benefits. I’m writing this article from a beach in Palawan, the Philippines with a healthy layer of sunscreen. 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. You might not think it, but there are some great advantages for hiring remote workers when it comes to the employee retention rate. The majority of those who work in offices in the city commute to work. Remote could indeed be the workplace of the future. 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. Kyle Schnitzer. While freelancers understand the perks of working remotely, some companies might not be keen on the idea. In this post, we discuss a few of the benefits … Let’s take a look at the benefits of remote work for both employees and employers. Imagine you know a dedicated and talented employee you work with and want to have on your team forever. Having an international team helps people from different cultures learn from each other and share ideas that can be adopted across the board. Let’s see the benefits of working remotely and why people like it: 1. Advantages Of Remote Work For Employers. Let’s make work fairer, greener, and happier – for all of us. Before the COVID19 CoronaVirus global outbreak, employees and employers traditionally limited their job search or recruitment strategies to a limited and commutable geographical area. They can focus on their job for a longer time. In the busy world we live in time is invaluable and we never seem to have enough of it. Remote work offers an abundance of benefits, but not without potential drawbacks. Absenteeism in the workplace is a big problem for workers and employees alike. Consequently, it’s not hard to see why remote work has come under the microscope increasingly over the past year. Younger workers too are seeking out the benefits of working remotely. Trust is a major component of remote work arrangements, for example. Love Story Turns 50 and We Still Remember the Fashion. Three benefits for employees 1. This is due to a few reasons: These factors will help you keep trained staff in the job for longer. Australia must fire up technology to future-proof its economy. But either way, there will almost certainly be a larger selection of people than if the role was advertised as an in-office position. 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). 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. Subscribe and get remote work resources to empower your business and lifestyle. 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. When you hire remote employees, you can eliminate the … So why is remote work so popular? Required fields are marked *, Please register your mail id to get recent News, Benefits Of Allowing Remote Working For Companies. Finding the right talent for the right job is a challenge by itself. Freelancers are likely to organise their own health insurance etc. Access to a diverse geographic talent pool. And, it also takes much time and effort to come back to work zone again. Working from home surely has its benefits. Put shortly, cutting the costs of perks for employees means that the companies hiring them can make big savings. 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. December 11, 2020. Your email address will not be published. The benefits of remote work for employees are often more obvious, and therefore more widely discussed, than the advantages for employers. It Has Never Been So Easy. 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. There are many huge benefits for companies and employers that implement flexible home working environments. 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 Seeking to increase efficiency, the agency implemented the Telework Enhancement Act Pilot Program (TEAPP) in 2012. 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. Benefits of Remote Working for Employees and Employers. Performance — … Thus, by promoting remote work, the company can save huge on corporate investments. Conclusion: Remote Work is Here to Stay… It’s easy to see the benefits of remote work from the employer and employee perspective. 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. Here are some of the most compelling reasons why switching to remote work can empower your small business: 1. December 10, 2020. 6. Here are just a few benefits to remote working. January 7, 2021 . There are many huge benefits for companies and employers that implement flexible home working environments. If kept unchecked, this could lead to more health hazards such as anxiety and lack of social experiences. 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. Less traffic pollution caused by fewer employees driving to work. How? This means that the savings on office space can be astronomical; and every expense cut is, of course, in addition to a business’ profits! Basically, there are a lot of benefits of working remotely for both employers and employees. If the passion for this begins at the top, promotes inclusion within all corporate communication, and hands-on events include those who work remotely, then the workplace culture becomes stronger, not weaker, because of this environment. 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. But what are the benefits for you as the employer? So, with remote working employees can start and end their day according to their needs. Flexible Schedule. The advantages that remote work provides employees are straightforward. 9. 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. 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. 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. How to Create and Maintain a Healthy Workspace? 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. Offering this type of benefit can help employers attract the young, highly skilled employees that might not otherwise be interested in a role. 5. 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 name a few: no need for daily commuting, no office hustle and bustle, looser dress-code, more flexible schedule. Many employees feel more inclined to do employers a favour. Benefits of working remotely for employers Attract potential talent. Statistics that prove the benefits of remote work for employers. They range from saving money on office space to giving employees a feeling of freedom. 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. Some Benefits Of Remote Work For Employers, Source. 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. 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. Personally, I’m all for it. Below you’ll find the most important statistics on the remote work. 2. Imagine a traditional office space. We’ll look into the top 19 in this blog post! However, many people believe that remote work is the way of the future and that it is a trend well worth embracing. Furthermore, the top remote work benefits have shifted from work-life balance in 2017 to focus and productivity in 2018. But now that he’s moved to another country, you don’t want to lose him. By Job van der Voort | … Electricity and water bills must be taken into account, as well as the costs of Wi-Fi. 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. Most employers need to move out of the dark ages when it comes to their attitude towards remote workers and telecommuters. People being less inclined to purchasing throwaway cups or containers on breaks. The program transitioned p… How Your Start-up Can Leverage AI for Growth? 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%. 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. 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. Having positive staff members does wonder for a company and subsequently, their profits. 9 Benefits of Remote Work for both Employees and 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. Some Benefits Of Remote Work For Employers, Source. APAC Entrepreneur – Technology | Business | Startups | Marketing | Management. Statistics that prove the benefits of remote work for employers. The benefits of remote work for the employee are clear. It’s no wonder then remote-friendly companies attract some of the best and brightest employees from across generations. But for the employers, the pros are not as obvious. 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. While there are some challenges with remote working, the benefits of remote work for employers and employees can be significant. 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. Working remotely saves companies money. Let us discuss more about the benefits that employers can reap by allowing employees to work remotely. Remote work has tangible, proven benefits for employers as well as for employees. Having correspondents in major time zones means that someone will always be around to answer any queries and solve any problems. 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. Benefits of working remotely for employers Attract potential talent. The impact working remotely has on workers, employers, and the economy. So another of the benefits of remote working for employers is that employees will use their time more productively if they work from home. Consequently, it’s not hard to see why remote work has come under the microscope increasingly over the past year. Sometimes an office environment can also be loud and distracting for some employees. Hiring remotely allows employers to choose ‘the best of the best’. 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