Even though the topic of remote work has been extensively discussed, it is still important to understand how businesses can profit from the arrangement. Research suggests that telecommuting may boost attendance and productivity. Employers can cut expenses and boost hiring in a number of ways.
The majority of remote workers (97.6%) say they would like to work remotely for the rest of their careers, according to Buffer’s 2021 State of Remote Work survey. Almost all remote workers—97%—would advise others to work remotely too. Companies that have not yet embraced remote work risk falling behind.
Let’s look at the reasons that make remote work necessary in 2022.
1. Productivity can rise with remote workers
Would you like your staff to work more efficiently? Learn how to manage a team remotely. The majority of managers and team leaders are unaware of how distracting the typical office setting can be. When there are distractions like water cooler breaks and obnoxious coworkers, it is impossible to concentrate. Instead, people can spend time in a private, controlled setting that encourages in-depth thought.
When comparing the company’s profits to prior years, a nine-month Stanford University study of 16,000 employees found that working from home increased business productivity by 13%. Because there were fewer distractions and more freedom to design a work schedule that worked for them, many employees, managers, and executives noticed improvements in themselves and their peers.
Employees with flexible schedules will be more inclined to start work during their peak productivity times. Some people tend to wake up early, while others stay up late. Remote teams can increase their own productivity in either case by finishing tasks according to their preferences.
2. Remote work reduces business costs
As a business owner, you can save a lot of money on traditional office space and resources by having fewer employees in the office. Rent, electricity, machinery, furniture, and extras like coffee and snacks are all included.
Many remote workers use their own laptops and computers at home, saving employers money on hardware upgrades. Organizations continue to save money over time, even if teams only work from home occasionally.
3. Hire remotely to have a healthier workforce
Even though lowering absenteeism should be a top priority, remote workers and teams can increase productivity. There are many reasons for this. It is simpler to make a healthy meal when working from home rather than relying on quick and simple options.
When you don’t need to commute to work, you may have more time at home to relax and spend in bed, which may result in a better night’s sleep. The immune system and mental health can both be enhanced by this. Employees who are in better health tend to be happier and more effective. They are also less likely to require medical attention.
The rising cost of healthcare can also be lowered by flexible work arrangements. Teams that work from home experience fewer illnesses on average, as opposed to working in open offices, which increases the likelihood of spreading illness. Your premiums for employee health insurance may decrease over time.
4. Hiring remote workers reduce equipment costs
For busy offices, equipment can be expensive. It’s possible that you’ll need to buy computers, printers, and photocopiers in addition to paper, computer desks, ergonomic chairs, and a variety of other things. When remote work is an option, many of these costs can be significantly decreased or even eliminated.
Many businesses allow staff to use their smartphones and computers, which can significantly lower related costs. As a result, less paper and other resources will be required. Even in situations where they are necessary, purchasing desks and chairs for every employee may not be required.
5. Working from home improves time efficiency
Employees can save time and effort at work if they invest in the right resources. A variety of cloud-based office productivity tools are provided by Google through Google Workspace (previously G Suite), making time-consuming tasks like data entry and customer support more effective. For instance, teams can create and share information from anywhere using Google Docs, Sheets, and Slides.
Creating multiple calendars that are accessible to everyone is one advantage of apps like Google Calendar. Even if the teams involved are located in various time zones, Google enables users to automatically create events and meetings. Working around scheduling conflicts becomes much quicker and simpler as a result. The seamless integration of Google collaboration apps with third-party tools is another big advantage.
6. Hire remotely for strong professional networks among the workforce
Juggling numerous networking and professional development opportunities with a 9 to 5 job can be challenging. Some events take place during working hours, making attendance impossible for employees. Others have obligations outside of work, making it challenging to put professional development first. These conflicts can be reduced or avoided with remote work and its flexibility.
Employees can expand their networks and acquire new skills if you let them work during their most productive hours and pursue professional development when it’s convenient for them outside those hours. The best part is that employees can go to local events that might attract new customers, clients, or press for your company.
7. Access to a larger talent pool is made possible by hiring remotely
Finding the talent you need to develop your brand is essential in a world where unemployment rates are constantly fluctuating. Unfortunately, businesses with full-time internal employees only have access to a small talent pool. Only those who live within a reasonable drive of the building may be hired.
On the other hand, remote businesses have the ability to hire extraordinary individuals with skills they would never have acquired otherwise. This implies that companies can hire new talent and outperform their rivals.
8. Global access is made possible by hiring remote workers
According to several studies, having a diverse workforce leads to better business outcomes.
In fact, according to one study, companies with diverse management teams brought in 19 times more money than those with less diverse management teams. This is due to the fact that bringing in remote workers from various regions can broaden your business’ perspective. They can aid in your understanding of regional cultures or how consumer preferences may affect your business.
More than that, people looking for work now place a greater emphasis on workplace diversity. People want to know that the company they work for is receptive to fresh perspectives. Investing in a team that is focused on the world can improve your employment options.
9. Utilize remote workers to increase employee retention
Allowing workers to work from any location is a fantastic incentive for job seekers and new hires. Employee retention rates are increased due to remote jobs, a perk that frequently encourages people to remain in their current positions. Additionally, increased employee retention rates result in a cascade of additional advantages:
- You can reduce onboarding expenses,
- Training and acquisition time can be cut down,
- And overall productivity can increase for organizations if they hire remotely.
10. Remote work improves the use of technology
Because there is such a wide variety of remote work technology and tools available today, remote work is now feasible. Staying in touch with your teams is now simpler than ever, thanks to expanded Wi-Fi availability, cloud storage, and smartphone applications.
Before, managers had to go to each employee’s desk to check on how they were spending their time. Team leaders can monitor productivity using project management software and other tools.
11. Hiring remotely helps with environmental savings
According to one study, 3.9 million employees who work from home at least half the time are reducing greenhouse gas emissions by the same amount as removing more than 600,000 cars for a whole year off the road.
Additionally, the potential impact on air quality of remote workers who practice environmental responsibility (such as using less paper and electricity) is equivalent to planting a forest of 91 million trees.
12. Working from home enhances your Green credentials
There is more and more proof that customers are now consistently looking for environmentally friendly businesses with sustainable products. Most customers now stay away from businesses they don’t like if they believe they are acting irresponsibly.
This can be used to the advantage of remote teams by emphasizing the benefits to the environment of cutting down or eliminating commutes to work. When used in conjunction with a more comprehensive “green” strategy, this tactic can draw in customers who care the most about the environment.
13. Hire remotely for better disaster preparedness
With a remote workforce, your company can continue operating in the event of a natural disaster, a regional or global emergency, or a pandemic. Supporting remote work and creating a disaster plan are both good risk management practices, even if not all of your employees work remotely.
Hiring remotely has advantages that cannot be overlooked. It draws and keeps talent, saves money, benefits the environment, boosts mental health, and makes work more enjoyable. Why not hire employees to work from home if you have the option to do so in your line of business? Most likely, you won’t regret it.