The Benefits of Remote Work for Employees and Employers

While remote working typically has a reputation for being unsocial, virtual connections can be made with people all over the world. Remote workers also have to source their own equipment and technology, which takes the burden off your shoulders. It’s also their responsibility to make upgrades when necessary, which is another cost eliminated for you. You have no choice but to share digital files instead of paper when working remotely. Before the coronavirus outbreak,57% of American workerssaid they rarely or never worked from home. However, the pandemic shifted attitudes toward remote work and accelerated its growth and acceptance in various industries.

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The future of work: The 6 biggest workplace trends in 2023 & beyond.

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At the time, some businesses were already experimenting with telework and were better able to meet this challenge. But even they had difficulty scaling from a handful of employees with remote work privileges to an entire workforce. As employees commute less, they’ll no longer require travel allowances from employers. As employees become less stressed they are more inclined to be grateful. They are likely to be thankful for many reasons such as increased family time, a flexible working day. Each of our experiences working from home is a standing testimony to this phenomenon. When the software stalwart surveyed the productivity of its remote workers they found that they worked 5 hours more per week than their office-based counterparts.

Productivity

Organizations scrambled to put the right tools in place to enable remote work when the pandemic began. Many companies were using outdated tools, forcing them to upgrade their systems.

The BLS Employee Tenure Summary notes that a high percentage of the newer generation of employees have a significantly shorter tenure within the company. One of the most important benefits a company can offer employees is to treat them as adults and offer the option of where to work, or at least a compromise in the form of a hybrid schedule. Relocations from big cities to midsize and small metro areas rose by 23% in 2020, with remote workers citing affordable housing, proximity to family, and retirement as the top reasons https://remotemode.net/ for their move. Without the ties of physical office, many fully remote employees are taking advantage of the freedom to work from anywhere—whether it be their hometown, a more affordable suburb, or the beaches of Bora Bora. Over forty million Americans are expected to work entirely remotely in the next five years, with even more employers adopting a hybrid work model. Of course, the pandemic has played a major role in this shift, with the number of at-home workers leaping from 6 percent in 2019 to 33 percent in May 2020.

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It’s easier to coordinate remote interviews than in-person ones since candidates don’t need to take significant time out of their days to drive or fly to a specific location. You don’t have to wait for employees to relocate or pay for their moving costs because they can start their remote onboarding and ramp up to full productivity ASAP. The entire process, from an employee’s first screening to their first day, is done virtually. Since remote work isn’t going anywhere, all businesses that are able to operate remotely need to consider doing so.

  • However, if the same employee could work from home, that problem wouldn’t exist.
  • A permanent remote workforce means your business can run even if there is a natural disaster, local or national emergency, or a global pandemic.
  • For businesses outside of metropolitan areas, finding employees can be difficult.
  • Most of your employees are already working remotely in some fashion.
  • Most will respond that their flexible work environment relieves the amount of stress in their lives and gives them a healthier work-life balance.
  • The advantages of remote work give your company and team a competitive edge, but deciding to go remote is just the beginning.

The added flexibility allows you to seamlessly fit other forms of socialization into their life without affecting their productivity. The time wasted while trudging through traffic and waiting in the subway is another horror story. According to the Census Bureau Data 2018, US workers lose 117.7 minutes a week in mundane commutes. Nevertheless, switching your workforce to connect remotely can earn you these advantages. Working from home is found to have an impact on employee’s loyalty towards the company. It may also be a result of all the hours and energy wasted on commute translating into extra work hours for the company.

Reduced Absenteeism

Other employees have commitments outside of work that make it challenging to prioritize professional development. Employees need to be comfortable operating from home to ensure adequate disaster preparedness, so it’s essential to test that it’s possible. You may find that your team is more productive collaborating remotely than in an open-plan office. You’ll also make the most of the real-time interaction you have with colleagues. Rather than interrupting them while they’re in flow, you might instead write up a memo outlining your plan then call a meeting to discuss once everyone has read it. Pre-reading before meetings saves time and ensures you don’t waste the time you spend together on context gathering.

how remote work can benefit employees and companies

It is a win-win situation for you and your workers, as you can retain talent while they start new chapters in their lives. Traditionally, companies have limited their hiring to people within commuting distance of their office. Unless you’re a large company, you’re competing with companies benefits of working remotely with more resources to outbid, out-perk, or out-cool you. For businesses outside of metropolitan areas, finding employees can be difficult. Depending on the size of your business, supporting remote employees could produce significant savings without radically restructuring your company.

Product Support

While digital meetings can be less disruptive than in-person meetings, they are rarely the highlight of the workday. And having too many meetings often causes frustration among employees. In this article, we’ll break down some of the other benefits of remote working and offer some tips on how tohire remote employeeswho are a good fit for your organization. Many remote jobs also come with flexible schedules, which means that workers can start and end their day as they choose, as long as their work is complete and leads to strong outcomes. This control over your work schedule can be invaluable when it comes to attending to the needs of your personal life. Remote workers and employees alike can both enjoy the financial benefits of working from home. 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.

  • They can plan their day to suit both their work and home life, as long as they do the set hours at the right time.
  • However, the Covid-19 all-remote experiment has taught many knowledge-work organizations and their employees that with time and attention, those concerns can be addressed.
  • According to Gallup, nearly 60% of U.S. employees working from home want to continue to do so.
  • Remote work offers an abundance of benefits, but not without potential drawbacks.
  • Nevertheless, it is equally important to highlight that, with some careful planning, the benefits of working from home can extend to the businesses employing those remote teams, too.
  • As long as the time you’re working doesn’t affect your colleagues and you meet deadlines then you can work when you wish.

From a basic time standpoint, when a supervisor is allowed to convert commute time to production time, then both the supervisor and the organization become more effective and productive. Talent acquisition is the strategic process employers use to analyze their long-term talent needs in the context of business …

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