Looking for reasons to open a remote position at your company? All signs point to – YES! There are many benefits to working remotely, whether you’re an employee or an employer.
To celebrate Global Work From Home Day, we will cover benefits of remote work for both employers and employees.
Employer Benefits of Remote Work
Here are 5 benefits for employers when they hire a remote employee.
Increased Productivity
While working from home, less distractions and interruptions create a more productive environment. A study was conducted to measure productivity when working from home. “Survey responses and performance data collected at the conclusion of the study revealed that, in comparison with the employees who came into the office, the home workers were not only happier and less likely to quit, but also more productive,” according to Harvard Business Review.
Higher Employee Retention
Employees are loyal when they know their company cares about their well-being. Giving your employees the flexibility to work remotely ensures a strong level of trust. When there’s trust, employees feel valued and their loyalty increases, leading to increased employee retention and decreased turnover. Talk about a win-win!
Cost Savings
There are many benefits to working remotely, but one of the most concrete is how much money you will save. You’ll be saving on the cost of a larger office space, increased utilities, and in-office utilities. Some employees may even take a lower salary offer if they don’t have to commute by working from home. You can also say goodbye to relocation costs.
Attract a Wide Net for Talent
The depth and quality of your candidate pool increases when you are hiring for a remote position. A true benefit to remote work for employers is having access to highly qualified candidates no-longer bound to living or relocating to the area your office is located. You can expand your net to hire top talent from anywhere in the world.
Business Continuity
On March 11, 2020 the World Health Organization declared the COVID-19 outbreak as a pandemic. Our world changed that day and every business had to rethink and restrategize. Remote work serves as a valuable component towards business continuity in the ever changing world we live in. In the case of natural disasters and emergencies, working remotely allows your business to remain functional.
Employee Benefits of Remote Work
Here are 5 benefits for employees when they work remotely.
No Commute
It’s no secret that it’s great for the environment when we drive less. That in combination with the fact that you get more time in the morning to ease into your day while saving money on gas? That’s a win in our book.
Wider Range of Opportunities
Expand your job search location to anywhere on the map. You are no longer tied down to working within a 30 mile radius from your home. Expand your horizons and increase the possibility of being hired by applying to more jobs wherever you’d like. This can also come with a pay increase due to different areas paying different salaries for the same position. The world is your oyster!
Flexibility
“A whopping 98% of respondents want to work remotely for the rest of their careers,” according to Buffer. It’s easy to understand why employees love the flexibility of working from home, remotely on vacation, or wherever fits their schedule best. Flexibility allows you to have peace of mind and breathing room to focus on productivity.
Save Money
Watch your savings climb as you spend less every month by working from home. From the cost of commuting, parking, dining out when everyone at the office goes out to eat… it adds up to work onsite. Working remotely not only saves money, but you’ll also gain back time in your day without a commute.
All in all…
- There are numerous benefits to working remotely.
- Employers save time, money, and increase business continuity by hiring remote workers.
- Employees have increased flexibility and productivity, while saving time and money.
Consider hiring quality talent for a remote role at your company, or taking the opportunity to work a remote role. The benefits are endless!
Blog written by Kendall Jackson
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