how remote work benefits employers

Benefits of Remote Work for Employers

1. Increased productivity. Despite many employers being concerned about the potential lack of productivity in...
2. Savings on equipment. While not true for all positions, many remote workers pay for their own remote working...
3. Talent pool. Hiring remotely allows employers to choose ‘the best of the best’. Some businesses are able...

Full Answer

How do companies benefit when employees work remotely?

• A survey by TinyPulse found employees rate hybrid work as more exhausting than remote work.
• Five hybrid workers spoke to Insider about how their productivity and happiness has changed.
• Companies looking to do hybrid work successfully should make the transition slowly, experts say.

What are the benefits of remote work?

Remote work has a number of benefits for employees and employers including increased productivity, access to better jobs and talent, and lower costs.

What are the benefits of working remotely?

Who benefits the most from working remotely?

• Young parents. Employees with young children might favor working remotely because it gives them time to be with their kids and creates a better work-life balance.
• Employees with health conditions. ...
• People with a travel lifestyle. ...
• People who work more than one job. ...

How to manage remote employees?

Work from home or work from anywhere? Fully remote or hybrid? Steve Ryan, Managing Director of DTC at Resident Already larger companies such as Twitter, PWC and Robinhood have stated that ...

How companies benefit when employees work remotely?

Not only do remote employees produce more work, but their work is better. One study found that remote workers create results with up to 40% fewer mistakes. This is fantastic for an employer; higher quality work means less time correcting errors and more time focusing on projects that propel your business.

What are the advantages of work from home for employers?

Benefits of remote working for employeesSavings in extra expense. One of the advantages of remote working is the saving of extra expenses. ... Exclusion of commute time. ... More independence. ... Improved communication. ... Better productivity. ... More flexibility. ... Broader spectrum of recruitment. ... Higher staff retention.More items...•

What are the advantages and disadvantages of working remotely for employees?

Employees (and employers) save commuting time and costs. Higher autonomy and less office interruptions can increase the productivity of employees. Employees can completely customize their working setup. May assist employees with disabilities.

How does remote work increase productivity?

Increased Productivity In fact, remote workers are generally more productive than employees who work in an office setting. That's because the ability to set their work schedule allows employees to work during the hours they are more productive, instead of the standard 9 to 5.

What are the advantages of remote working?

Plus, there are some amazing advantages of remote working for employers. They range from saving money on office space to giving employees a feeling of freedom. We’ll look into the top 19 in this blog post!

Why are employers concerned about remote workers?

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.

Why do remote workers start their day early?

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.

What does it mean to hire remote workers?

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. 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.

Why do companies hire remotely?

Hiring remotely allows employers to choose ‘the best of the best’ . 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.

What does it mean to cut the cost of perks?

Put shortly, cutting the costs of perks for employees means that the companies hiring them can make big savings.

Why is remote work so popular?

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. Having space where nobody will interrupt is very important for this-this is why remote work is so popular in these industries.

Why is remote work important?

Remote work often comes with more flexibility and freedom for employees. Those who can adjust to this work environment may feel happier in their roles. Increased job satisfaction among employees can lead to all sorts of beneficial things for employers. Higher staff loyalty, more productivity, happier employees and a better reputation are just a few.

How does remote work help the environment?

Remote work can help employers lower their environmental impact quite a bit. By cutting back on energy usage and gas emissions, remote companies can be much more sustainable. Having people work from home ensures they are using less gas and oil that can majorly impact the environment.

What are the benefits of working from home in 2021?

March 12, 2021. Employees who work from home get to enjoy many benefits, such as more flexibility and no commute. While employees may feel happier about this remote working arrangement, their employers can benefit quite a bit too. Things like lower overhead costs, improved employee morale and higher productivity are just a few ...

Why do remote workers have lower turnover rates?

Employers may experience lower turnover rates when offering remote work. One reason this can happen is that employees have fewer reasons to look for a new role. For instance, with an in-person job, an employee may need to resign if they need to relocate for their spouse's job.

Why do people work from home?

Employees who work from home encounter fewer social distractions from coworkers, which can lead to improved productivity in the workplace. Employees also have the opportunity to take brief breaks as they need them, which can help them return to their work feeling more energized and motivated. By giving employees space to fully focus on their work and follow their own schedules, employers may see productivity increase when switching over to remote work.

Why is working from home important?

Improved work-life balance. Working from home can make it easier for employees to create a better work-life balance. This is beneficial for employers because a good work-life balance among staff can lead to less burnout and more productivity. Since remote work tends to be more flexible, employees can better manage their personal time.

Why is ergonomics important?

Having an ergonomic setup is an important part of being healthy and happy at work . When employees can customize their own workspace, they may feel much more comfortable throughout the workday. This can help employers build a healthier workforce and may even save them money on health insurance.

Is it fair to wonder if your employees are productive?

It’s fair to wonder whether your employees are as productive from their home office as before. Good news: new data clearly shows that they are. In fact, most people are more productive.

Do people work better when they are happy?

When online meeting company Owl Labs asked people whether they were happy in their jobs, 71% of those working remotely said yes, compared to only 55% of those working in traditional offices . This rise in happiness is a significant factor in the increased productivity and performance mentioned earlier.

Can you limit the talent pool when hiring employees?

Traditional office working arrangements limit the talent pool you can access when hiring employees. You may find the perfect candidate for a vacancy, but if they’re not close enough to commute to your office or willing to relocate, you’re out of luck.

How productive are teleworkers?

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%. Performance — With stronger autonomy via location independence, workers produce results with 40% fewer quality defects.

Is remote work a good idea?

Well, yes. The topic of remote work is producing a lot of attention — and research. There are many reports that tout the benefits of remote work from organizations like OwlLabs and Buffer, but privately-sourced data is in danger of biased results.

Is remote work going anywhere?

Based on this statistical analysis, remote work is not going anywhere any time soon. Even further, companies would be wise to prioritize the “remote work revolution” as a strategy to enhance their top objectives in this new decade.

Is remote work beneficial?

In other words, if there is value in telecommuting for organizations, there is value for the world . But whether or not remote work is truly beneficial for organizations ...

1. Show Me the Money

Commercial real estate isn’t cheap and neither are the overhead operating costs of running an office building. Electricity, heating and cooling, plus property cleaning all add to the ledger.

2. Easier Recruitment

The job market is competitive these days, with many companies struggling to find candidates. Businesses stand out when they offer flexible and remote schedules. Allowing for remote work means a deeper talent pool. Many candidates are more selective than ever when it comes to their work schedules.

3. Greater Employee Retention

Implementing remote work has a second key benefit – employee retention. Employees today are quick to jump ship if they are not engaged, the company culture is stale or their needs aren’t met.

5. Increased Productivity

82 percent of U.S. workers would prefer to work a hybrid-remote schedule. But does considering employee satisfaction help the bottom line? Yes. Happy employees are productive employees. Happiness is a strategy for better business performance.

The Right Way to Remote

Many managers assume remote work negatively affects company culture and key performance. More often than not, they’re wrong. Hiring the right remote workers and trusting your team is the first step to financial savings, employee retention, increased productivity and environmental awareness.

What are the benefits of remote work?

The third benefit of remote work is increased productivity. While other benefits of remote work have been widely recognized and accepted, the question of remote employees' productivity is still a cause of public debate. This debate is very hot right now due to the recent coronavirus pandemic. 🔥

Why do you allow remote work?

Second, if you allow remote work, you will experience easier talent attraction. The majority of employees would love to continue remotely after the pandemic. Even before the pandemic, flexible work arrangements were a major consideration for top talent when evaluating potential job opportunities. 🧲

How much can a company save by telecommuting?

Global Workplace Analytics Telework Savings Calculator, a single company can annually save $11,000 per remote worker who telecommutes 50% of the time.

How much productivity does remote work have?

Owl Labs State of Remote Work 2019 has found that remote employees have a 79% increased productivity and better focus.

How much lower turnover does remote work have?

According to the State of Remote Work report done by OwlLab, companies who encourage working remotely experienced a 25% lower turnover than companies who did not support remote work.

Why is remote work important?

Remote work has tangible, proven benefits for employers as well as for employees. Companies that allow remote work enjoy the benefits of easier recruitment, improved retention and higher productivity of their employees - while saving money!

Why does productivity increase in a company?

85% of businesses confirm that productivity has increased in their company because of greater flexibility, as found in the Global Workspace Survey .

Why is remote work important?

For businesses that want to promote environmental health, combat climate change, and present themselves as forward-thinking, remote/virtual work is hugely beneficial to the environment. Sure, the impact of your staff might be minimal compared to those of a logistics and transportation company, but every little bit helps during the current climate crisis.

Why is working remotely important?

It’s the cost of losing the chance to eat dinner as a family. It’s the time missed in raising a child and being there for them during formative moments. When employees can work remotely, they can build a better balance.

How many employees would take the ability to work remotely?

Historically, 30% of employees say they would take the ability to work remotely in lieu of a pay raise. That number has likely only risen in recent years, particularly as more employees experience the ability to work from home due to the pandemic.

Why is it important to hire people across the country?

One excellent benefit of hiring people across the country or around the world is coverage throughout a greater range of time zones. This is particularly useful for companies that want to offer around-the-clock customer support or sales. You can hire people in the relevant time zones rather than forcing local employees to work odd hours. This also helps sales in regions in those time zones, as they can talk to people who are more likely to be local to them.

What is the best thing a business can do?

One of the best things any modern business can do is increase diversity within its staff. Whether it’s more female employees, more BIPOC employees, or employees from diverse geographic regions, all diversity helps.

Why is it important to not commute?

In the time saved by not needing to commute and not needing to fill time in an office, your employees are free to pursue personal development. They might work on their health, they might develop their skills or work on side projects, or they might be able to pursue certifications that make them better at their job. All of this makes them better employees for you.

Why is flexible timing important?

Flexible timing allows employees to work to their strengths.

Why is remote work important?

In some cases, remote work, especially when completed in a timely and effective manner, can help increase collaboration and enhance job satisfaction for employees. But, on the flip side, when work submitted does not make the grade and shows signs of employee distraction amid remote working challenges, trust falters and employers might consider ...

How many hours does remote work?

As it happens, on average, remote employees in the pandemic are working 26 extra hours every month, amounting to almost one extra day every week, ...

What are the benefits of working from home?

Let's take a look at some of the benefits of working from home, as well as how employers can improve the issues surrounding remote work for their employees. 1. Connecting. Remote work makes some employees worry about career progression, and nearly 60% of managers feel remote work is robbing them of opportunities for informal leadership development, ...

Is it possible to work remotely?

The fact is, being able to work remotely depends significantly on a blend of sectors of employment, occupation and activity. According to a McKinsey & Company study, the U.K. has the most capabilities for remote work. It also found that developed economies are able to have their workforce committing 28%-30% of their working hours to remote work, without any loss of productivity. And so, the hassle of dealing with unreliable public transit is comfortably replaced by videoconference calls, and instead of camaraderie in the office, there is a quiet time for reflection and quality output at home.

Will virtual meetings improve?

As virtual meetings become a normal business event, the technology will also improve. While there are those who believe the pandemic has caused nothing but chaos and destruction, I believe that from within chaos and destruction, the strong will persevere and create a better tomorrow.

Is it hard to reconceptualize work?

It is increasingly hard for people to reconceptualize the idea of work when you're doing it in the comfort of your own home. However, as the dangers of gathering in enclosed spaces became increasingly apparent, employees gradually understood the merits of working from the relative safety of home. Employers now understand the benefits ...