The trend of working from home has increased dramatically in the last few years. Let’s discuss in detail why it’s a huge advantage for businesses. At Home Workers Are a Huge Advantage.
Work-from-home, also called telecommuting and remote work, has exploded in popularity in the last few years because of the COVID-19 pandemic. According to recent statistics published by WFH Research, 12% of full-time employees work from home. Look here for more thoughts on this.
Statistics also show that 74% of employees feel happier working remotely. At Home Workers Are a Huge Advantage. But what are the benefits of working with remote employees for businesses? Let’s find out.
What Does at Home Work Mean?
Remote work or working from home refers to any job an individual performs from home. It can also be any other place out of the office building, such as a coffee shop or restaurant. At Home Workers Are a Huge Advantage.
Some of the most popular industries and fields where this trend has risen dramatically include copywriting, customer service, and software development.
Employees who work remotely communicate with management and their colleagues using online communication tools like Slack and MS Teams.
Advantages of Working With Remote Employees
Working with remote employees offers a wide range of benefits for businesses. Here’s a detailed list we created to give you an overview.
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Cost Efficiency
According to a study published by Global Workplace Analytics, a typical employer in the US can save up to $11,000 per employee in a single year if their employees work remotely 50% of the time.
It’s a huge number, showing that companies can save a whole lot of money with a remote workforce.
The following are the main areas where you’ll be able to save valuable money that can be used for important business tasks.
- Building rent
- Building maintenance and cleaning
- Utilities (electricity, WiFi, water, etc.)
- Provisions for employees (like coffee, chocolates, tea, etc.)
- Furniture
- Equipment and its maintenance
Enhanced Productivity
Recent statistics show that employees working from home can show an increase in productivity by at least 22%. That’s because it provides them the flexibility to improve their work-life balance.
It also reduces the risk of burnout in employees, which can decrease their productivity dramatically. Improved productivity by employees means enhanced business performance, which eventually increases revenue.
Improved Employee Satisfaction
As mentioned, most individuals who work from home feel happier, which increases their satisfaction level. It motivates them to achieve more in less time, enhancing the business’s bottom line.
Better Applicant Pool
When you’re recruiting new employees, you can cast a wider net if your business allows remote work. That’s because you’ll no longer be limited to applicants from your local region and have the option to hire talent from the global pool.
It’ll provide you with a better chance to find skilled, experienced, and expert people who fit perfectly for the job you’re offering.
Increased Employee Retention
Another excellent advantage of working with remote employees is that it increases your employee retention rate. According to a survey, 81% of people say they would be more loyal to their employer because remote work allows them to achieve a work-life balance.
Common sense also suggests that happier employees won’t have any reason to switch jobs and stay with your company long-term. It’ll allow you to reduce the employee retention rate and maintain a stable and experienced workforce.
Reduced Absenteeism
When employees are happy and satisfied with their jobs, they are less likely to take time off due to burnout or illness. An analysis of employee data conducted by the Fiduciary Group supports it.
After implementing a remote work policy, the company experienced a significant decrease in sickness-related absences across the organization. Not only does it improve productivity, but it can also help your business maintain a consistent workflow and meet its goals effectively.
Business Operation Continuity
Remote work helps businesses stay prepared and respond to unexpected events or disasters that can disrupt traditional office operations. If there’s a natural disaster or another unforeseen situation, your remote workforce will keep business operations running smoothly.
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Even if the physical office is inaccessible, your employees will be working, preventing downtime and decreased productivity.
Reduced Office Politics
Office politics can affect an employee’s performance and experience at work negatively. However, remote workers are mostly unaffected by this issue because they avoid the everyday interactions that lead to office politics.
Communication is mainly done online, which reduces chances for gossip, conflicts, and other negative behavior. Telecommuting allows you to create a focused and professional environment where your employees can concentrate on their tasks.
It promotes a harmonious work atmosphere, boosts productivity, and enhances employee well-being.
Improved Competitiveness
In today’s global economy, businesses need to compete with companies worldwide. Remote work helps you stay competitive by hiring talented and skilled professionals from different locations.
It can give you an edge over your competition, as people from different regions bring in diverse perspectives and drive innovation. It can also help you show that you’re forward-thinking and modern to place yourself ahead of the competition in the global marketplace.
Smaller Carbon Footprint
Working with remote employees allows you to fulfill your corporate social responsibility by helping you reduce your carbon footprint. It’s a more sustainable approach to minimize your impact on the planet.
Remote workers don’t need to commute daily, which means fewer cars on the road and less pollution in the air. We saw this during the COVID-19 lockdowns when particulate matter decreased by 40% in some areas of the world.
Remote work also helps the planet by saving electricity and reducing the use of paper. These actions support sustainability goals and lessen the impact of buildings on the environment.
Final Words
While working from home offers countless benefits to employees, it’s also beneficial to employers. It provides businesses with tons of opportunities that they can seize to drive growth.
We hope this guide has helped you understand why at-home workers are a huge advantage for companies. So, if your business can work with remote employees, it’s worth considering.
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