It started with the option to work from home, and now remote work has come a long way and has become one of the biggest mainstays in business. From an employee’s perspective, there are very clear benefits to remote work, but what about the employers? Turns out that companies have something to gain from it, too, including the following.
More Productive Staff
Employees experience a lot of stress from day-to-day tasks, so having flexibility at work will greatly ease those stresses. For one, they’re not bothered by the hassle of commute, or waking up early to beat the traffic and clock in on time.
Remote work lets them choose their own breaks and move to a location that lets them focus and deliver better. This allows them to become more motivated and productive. They get to choose the most efficient system for them, and the improved work-life balance will boost their performance.
Access to Wider Talent
With remote jobs, you aren’t just limited to applicants who live in the same city or country as your company. This exposes you to highly skilled, competent people from all over the world. It lets you discover applicants who are qualified for the job despite the geographical distance. This is also great for companies who need to provide round-the-clock service to their customers.
Save money on office space, utilities, and equipment by having employees work from home. Virtual offices require significantly less costs and are generally easier to maintain as well. Studies show that for every remote worker, a company can save $10,000 in real estate, which adds up considering how many remote workers you’ll be hiring.
Companies that have remote work saw a 25 percent decrease in employee turnover. Younger generations are valuing their time off work more and more, so they prefer a job that has less commute and more time for their personal interests and life outside of work. This flexibility is also ideal for parents and those who aspire for mobility.
Because remote workers are less stressed, their mental health greatly improves, and this boosts their self-confidence in both work and life. Working from home also gives them more time to do their hobbies, which can keep them from being overwhelmed by the demands of their job.
Remote work is just one of the many new business trends that improve employee satisfaction and boost efficiency. Discover more ways to improve your company by signing up to a competitive business management program.