The advantages that remote work provides employees are straightforward. Despite them, acceptance of work-from-home (WFH) arrangements hasn’t been quick. 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. While transitioning to this kind of set up may feel like a deep plunge, it can also bring several benefits to employers.
1. Increased Productivity
Not having to commute to work saves employees’ time and allows them to rest better, preventing absenteeism.
It also removes the possibility of delays in travel, and the preparation needed before leaving home, both of which contribute to late attendance.
The privacy also allows for better focus.
Without officemates and other distractions around, studies claim that alone increases employees’ output by a day’s worth.
2. More Cost Savings
One of the more obvious benefits of remote work to employers is that they don’t need to pay any rent.. Some independent contractors use their own assets— employee retention.
The biggest expense WFH removes is rent, consisting a major portion of a business’s monthly costs.
Real estate is expensive, particularly in prime locations but it gave companies access to quality pools of workers, in the traditional setup.
However, now that a physical office is no longer necessary, paying exorbitant amounts for lease is no longer as advantageous as it used to be.
Other expenses include equipment, like laptops and headsets.
Some prefer to use their own computers, particularly for those whose tasks require higher-end specifications, rather than have a lengthy discussion with the company.
The merits of working at home or any location of their choice also make employees more loyal, reducing the costs of employee turnover.
3. Happier and More Engaged Employees
Overall, work and life satisfaction are improved—better well-being is evident, Increases retention rate increases, while turnover decreases.
Without the stress of the morning rush and the after-hours traffic, people regain time that is better used for recreation, sleep, and relationships.
Not only are they healthier but they’re in better moods.
It results in more active and eager participation in discussions. Willingness to contribute also improves.
Ever since Future Brands opened its doors to remote employees globally, our success rate has accelerated. Investing in our people while rewarding them for their consistent performance has benefited the company in a way that we grow as a whole.
4. Access to More Talent
When you’re not hindered by location, you cast a wider net to reach more applicants.
Couldn’t fill a role because no one in the area was a good fit? Try a different city or even another country!
You’d also attract more people who originally weren’t thinking of transferring or switching careers.
According to Gallup Research, 54% of employees would switch jobs to get a remote work arrangement.
Every company should be able to maintain the culture and principles they consider essential by welcoming those who share the same ideals.
With telecommuting, searching for the right candidate will no longer feel like an impossible feat.
5. Increased Profitability
With the savings accumulated and the increase in output, companies stand to improve their bottom line.
If you want to scale your business faster or simply raise profits at a quicker pace, remote work could be the defining edge you’ve been looking for.
When searching for a way to enhance operations, you often don’t have to seek far.
The answer lies in caring for your people.
Valuing what’s important to them is certainly beneficial to employers. It pays to put your staff first.
Many companies have already delved into the remote work setup and have reaped the benefits. Can you picture your company being a place full of productive people, who not only focus on their work when they should but also actively take part in contributing more to the company? When you open your company to flexible work arrangements, you open your business to increased possibilities.