How Remote Work Changed Businesses for the Better
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They say that working from home will become increasingly common. A growing number of workers express interest in working from home, but many employers remain skeptical about the viability of this arrangement. Since the COVID-19 outbreak, working from home has proven to be an effective method for preventing the spread of illnesses.
Employers are beginning to appreciate the benefits that come with having employees who work from home as the trend toward telecommuting has become more widespread. The following are some of the ways in which businesses are benefiting positively from it:
Enhances Worker Productivity
There are some businesses that cling to the outdated belief that employing workers remotely will result in lost time and decreased productivity. However, research has proven that the opposite is true.
According to the findings of a study conducted by Stanford University, researchers discovered that working from home led to a 13% performance increase, while 9% worked longer minutes during each shift and took fewer breaks as well as sick days.
The flexibility that comes with working remotely has been shown to increase productivity. Employees are able to determine their own work schedules and can put in their hours when they are at their most productive.
Working from home also helps cut down on interruptions and distractions. When working in an office setting, it is more likely that coworkers will stop by each other’s desks for a few minutes to chat with each other. The time that is wasted can be very expensive for businesses. Many people have found that working from home increases their level of satisfaction, and what may have initially appeared to be a low possibility of tying with their fellow teammates may actually be an opportunity because there are many virtual happy hours that can increase team engagement and deepen their connection with one another.
Meanwhile, workers are able to get more work done with fewer disruptions getting in their way.
Improves Employee Retention
Businesses incur significant expenses when they need to replace employees. As a result, jobs that allow for some degree of flexibility are in higher demand than they were before the pandemic. By providing employees with the opportunity to work from home, employers can give them the satisfaction of working in a more laid-back atmosphere.
Since businesses started providing employees with opportunities like these, they have seen a significant decrease in the amount of employees who leave for greener pastures.
Overall, workers are benefiting from the increased autonomy that comes with working from home. In addition, employees who work from home save money on a variety of expenses, including food, clothing, commuting, and childcare for their children. Working from home can be an extremely gratifying experience for employees, and in some cases, employers are even willing to cover the costs of their workers’ internet connections at home.
Companies in today’s market that do not provide the option of working from home are at a significant competitive disadvantage. However, they run the risk of losing employees who look for opportunities elsewhere that allow them to work remotely.
Hires Remote Teams Globally
The cost of employing a team from another country can be quite high. It is the responsibility of employers to ensure that their businesses comply with all laws, a process that can take years. In addition, the cost of employing a single worker in another country can run into the thousands of dollars.
Because of advances in technology, an increasing number of businesses are willing to look for employees in other countries. Businesses are able to hire virtually anyone with just a few clicks thanks to the ease and convenience provided by digital solutions. Companies have the ability to recruit people with unique points of view and experiences from a variety of backgrounds when they have international teams.
This makes for a rich company culture and inspires more creativity in the workplace.
Improves Chances of Finding Top Talent
If a company only hires people to work in traditional office settings, the only people they will be able to recruit are those who live in close proximity to their headquarters. Because the vast majority of people are unwilling to relocate for a new job, the pool of potential candidates you can choose from is significantly reduced.
However, companies that allow employees to work from home have the ability to recruit the most qualified candidates regardless of where they live. When companies are not constrained by location, they have a greater chance of finding the most qualified candidates to fill open positions.
In addition, the availability of remote work opportunities can, in the long run, entice a higher quality workforce.
Lowers Operating Expenses
Companies are able to reduce their consumption of office supplies and equipment as a direct result of the lower number of employees working in the office. It even enables businesses to downsize their offices.
As a result, organizations have fewer overhead costs to worry about, such as rent, utilities, insurance, office furnishings, supplies, maintenance, and repairs. However, working remotely can significantly cut down on these operating costs, which can quickly add up.
When businesses make the switch to allowing employees to work from home, they can cut their overhead costs by as much as $11,000 for each worker.
Taking into Account the Positive Aspects of Working from Home
Many employers continue to hold the outdated belief that employees working from home will, on the whole, waste more time than they would otherwise. On the other hand, this could not be further from the reality. Research has demonstrated time and again that working remotely boosts productivity, improves business efficiency, and saves money.
Try out some form of remote work if your company is interested in lowering its operational costs, retaining a greater number of employees, or reducing the amount of time spent on the recruitment process in order to boost productivity.