Fashion News; Shopping; California Breeze; Stylish Accessories Your Wardrobe Needs This SS21 Season. December 11, 2020. Hiring from a wider pool of talent: It can be challenging to find the right person for the job, and hiring remotely allows businesses to cast a wider net. The most evident reason why people want to work remotely is that it offers them flexibility. Many employees feel more inclined to do employers a favour. Ultimately, remote working allows for increased flexibility for your employees. There are many huge benefits for companies and employers that implement flexible home working environments. Here is likely to be a much more productive environment than the average office. Below you’ll find the most important statistics on the remote work. Since 2005, regular remote work among non-self-employed people has grown by 173% , and across the globe, more than half of employees work from home at least once a week. As well as less stressed, employees who work remotely tend to have more gratitude. Seeking to increase efficiency, the agency implemented the Telework Enhancement Act Pilot Program (TEAPP) in 2012. Hiring remotely allows employers to choose ‘the best of the best’. Since employers won’t have to compromise on the quality of staff and shell out extra resources to train them, they can cut down training costs completely. And while the virtual workplace is a place to work, friendships can still be fostered here, increasing job satisfaction and in turn, productivity. While freelancers understand the perks of working remotely, some companies might not be keen on the idea. The majority of those who work in offices in the city commute to work. How to Lead Efficiently In Times of Crisis? Its appeals for employees are obvious. But if you’re the first to attempt this in your company, you might have some barriers to overcome. 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. Flexible Schedule. There are many huge benefits for companies and employers that implement flexible home working environments. The average real estate savings for employers with full-time remote workers is $10,000 per employee every year, according to stats from PGI News. Companies or employers that allow their employees to personalize their way of completing the job tends to see employee productivity and lower organizational costs. Besides, by having loyal employees, you will reduce hiring costs due to high turnover. One of the key reasons entrepreneurs switch to remote work is to gain more productivity from their workforce. Absenteeism in the workplace is a big problem for workers and employees alike. Below you’ll find the most important statistics on the remote work. Hiring remote workers supposedly lowers operating costs, as well as some capital expenditures. Do you see a thriving, energetic work center, or are you imagining … 12. How Businesses Can Deal With the Economic Fallout of COVID 19? Remote Work Benefits Employees and Employers . Benefits of Remote Working for Employees and Employers. Statistics that prove the benefits of remote work for employers. When talking about remote working, most people tend to equate the benefits with employees, not the employers. Shutterstock. This means that the savings on office space can be astronomical; and every expense … Here are five specific benefits of telecommuting and other flexible work options, and why they are a win/win. If kept unchecked, this could lead to more health hazards such as anxiety and lack of social experiences. To name a few: no need for daily commuting, no office hustle and bustle, looser dress-code, more flexible schedule. How Your Start-up Can Leverage AI for Growth? Required fields are marked *, Please register your mail id to get recent News, Benefits Of Allowing Remote Working For Companies. However, having a remote workplace can significantly benefit employers, too. Here are the most compelling positives you can see by enabling virtual employment. Whether that being saying yes to a little more work, being responsive to emails about different tasks or even going to appointments and meetings (if the remote worker lives close by); they will gladly do this if they feel like their needs are being met. By offering the possibility of remote working, the company makes room for the employees to enhance productivity, instead of just meeting the targeted hours. Around 82% of telecommuters have lower stress levels than in-house workers. Many employers got an unexpected trial in what it feels like to have a fully remote team due to the novel coronavirus pandemic of 2020. Here are ten benefits of remote work for employers: Higher Profitability; Lower Expenses; Better Employee Satisfaction; Higher Productivity; Lower Absenteeism; Higher Employee Retention All Business states that “the improvement remote working has on employee morale is almost a given”, going on to point out that remote workers typically have a much higher work satisfaction than in-house employees. Larger Talent Pool. If kept unchecked, this could lead to more health hazards such as anxiety and lack of social experiences. In fact, the study by Canada Life shows that on a scale of 0 to 10, the productivity level of remote workers is 7.7 while that of employees working in the traditional environment is 6.5. Instead of competing on a regional level for job opportunities and work, employees must now compete with candidates all over the world and at much lower compensation levels. ), but absenteeism due to commuting time can be curbed by hiring a remote team. Remote could indeed be the workplace of the future. Although the reviews of working from home are certainly mixed and remote work isn’t an option for every type of work, many employers have, by now, laid the groundwork for their team to continue to work remotely if they wanted to. Employers need to trust that their employees will stay productive and maintain expectations; employees need to trust that their employers won’t abuse working hours or develop unrealistic expectations. The program transitioned p… The benefits of remote work for employees are often more obvious, and therefore more widely discussed, than the advantages for employers. When you hire remote employees, you can eliminate the … Workers can set up a place at home where they are comfy and void of distractions. Freelancers are likely to organise their own health insurance etc. Commuting Isn’t The Best. If you feel like the benefits of remote working for employers benefits you, then why not add some remote workers to your team? Giving employees the ability to work remotely also allows you to hire outside of normal commuting distance. Furthermore, the top remote work benefits have shifted from work-life balance in 2017 to focus and productivity in 2018. Having correspondents in major time zones means that someone will always be around to answer any queries and solve any problems. But it’s not just employees who benefit: employers are starting to view remote work as an important part of recruiting and retaining top talent, staying competitive in their field and even saving business costs. Younger workers too are seeking out the benefits of working remotely. A remote working policy provides valuable opportunities and benefits for business owners, but more importantly, for the workforce too. We already know that working from home provides many benefits including increased productivity, reduced business costs and a healthier lifestyle. According to this article on Inc., nine out of 10 workers who currently work remotely plan to do so for the rest of their careers. Is 2020 a Good Time to Set Off an Artificial Intelligence Startup? Many employers got an unexpected trial in what it feels like to have a fully remote team due to the novel coronavirus pandemic of 2020. Higher morale is understandably great for employers; a driven team is much more likely to work as required than an unmotivated one! Finding the right talent for the right job is a challenge by itself. When the pandemic subsides—and it eventually will—employers will have a unique opportunity to fundamentally revisit their remote work policies. They are generally facing some sort of issue at home, are stressed, or have personal needs to take care of. This means that the savings on office space can be astronomical; and every expense cut is, of course, in addition to a business’ profits! Other studies show that unscheduled absences cost employers $1,800 per employee each year in lost work, but 78% of employees who take off work aren’t really sick. Benefits of Working Remotely to Employers. Remote work in 2021: 4 considerations for employers As we enter into 2021, we can anticipate an evolution in the hiring and recruiting space. Imagine you know a dedicated and talented employee you work with and want to have on your team forever. Here’s an overview of the 5 top remote working benefits: Staff are more productive. Remote work offers an abundance of benefits, but not without potential drawbacks. 17 Remote Working Benefits for Employers and Employees Thanks to Wi-Fi and communication technology, many workers are no longer tethered to a desk job and can work from home or even from the road. Passion the website– very individual friendly and whole lots to see! Many hirers’ reasons to not use remote employees is because they are worried about the intricacy of it all (how to pay remote employees, how to scrutinise their work, etc. The most evident reason why people want to work remotely is that it offers them flexibility. Talent: You are not limited to geographical proximity anymore. Productivity increased 4.4 percent when employees moved from working at home on a limited basis to the location of their choice. This is due to a few reasons: These factors will help you keep trained staff in the job for longer. Here are just a few benefits to remote working. Commuting Isn’t The Best. Working remotely offers more choice of jobs, to more people: saving time, saving money, reducing stress, and cutting pollution. A Quick Guide to Managing Remote Team in the Wake of COVID-19. Because remote workers aren’t shelling out for commuting costs and often save money on lunches and coffees, they often do not mind a slight reduction in wages. The Benefits Of Working Remotely They are generally facing some sort of issue at home, are stressed, or have personal needs to take care of. This is fantastic for businesses requiring translation or customer service to people in all areas of the world. This allows organizations to work with a bigger talent pool of applicants when hiring for any position. Employers should take advantage of the months of available data and firsthand experiences with remote work to take a more employer-centric look at the benefits (or drawbacks) of remote work. In addition to this, you can also save on electricity, water, energy, property tax, and other fixed expenses that burden the cash and do not bring direct benefits to the enterprise. By 2025, an estimated 70% of the workforce will work remotely at least five days in a month. 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