They’re likely to be thankful for the chance to spend more time at home with loved ones and to have a flexible working day. People being less inclined to purchasing throwaway cups or containers on breaks. But, remote works are free from such issues. Some businesses are able to hire people from anywhere in the world, whilst others require someone to be in a particular location or time zone. They are generally facing some sort of issue at home, are stressed, or have personal needs to take care of. Many employees feel more inclined to do employers a favour. As well as less stressed, employees who work remotely tend to have more gratitude. The majority of those who work in offices in the city commute to work. Performance — … Well, yes. The most evident reason why people want to work remotely is that it offers them flexibility. Remote work implies that companies will have access to workers who already possess the skill sets required for the advertised job profile. 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. Consequently, it’s not hard to see why remote work has come under the microscope increasingly over the past year. Working remotely offers more choice of jobs, to more people: saving time, saving money, reducing stress, and cutting pollution. This statistic shows benefits of remote work to the employers in 2020. The topic of remote work is producing a lot of attention — and research. They can focus on their job for a longer time. Statistics that prove the benefits of remote work for employers. Let’s take a look at the benefits of remote work for both employees and employers. But other companies think workers perform and collaborate better when they're in the office, and employees who work fully remotely tend to feel isolated. Having positive staff members does wonder for a company and subsequently, their profits. How Businesses Can Deal With the Economic Fallout of COVID 19? Let’s break down a few of the advantages: 1. And, remote work is a way of recognizing that such functions need to be performed efficiently and not be treated like others that demand physical presence at work. Finding the right talent for the right job is a challenge by itself. So another of the benefits of remote working for employers is that employees will use their time more productively if they work from home. By offering the possibility of remote working, the company makes room for the employees to enhance productivity, instead of just meeting the targeted hours. But, did you know that working remotely is also good for the environment? Three benefits for employees 1. This recognition is manifested in the form of loyalty to the company, and productivity also goes high. We already know that working from home provides many benefits including increased productivity, reduced business costs and a healthier lifestyle. The result? The benefits of remote work for employees are often more obvious, and therefore more widely discussed, than the advantages for employers. With the benefits of working from home, the trend may start a revolution. While working remotely, productivity increased among all examiners and continued to rise with each step toward the full work-from-anywhere policy, the researchers found. Shutterstock. Let’s see the benefits of working remotely and why people like it: 1. In general, embracing remote work options can help employers reduce or eliminate overhead costs, including real estate and operating expenses. 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. When talking about remote working, most people tend to equate the benefits with employees, not the employers. 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. When companies try to fill positions, they tend to restrict their search because relocation is no walk in the park for both the employee and the company. 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. 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. In this post, we discuss a few of the benefits … By 2025, an estimated 70% of the workforce will work remotely at least five days in a month. While remote working typically has a reputation for being unsocial, virtual connections can be made with people all over the world. If the passion for this begins at the top, promotes inclusion within all corporate communication, and hands-on events include those who work remotely, then the workplace culture becomes stronger, not weaker, because of this environment. The good news is that by offering the option of remote working, you won’t have to give up on him. With the benefits of working from home, the trend may start a revolution. How Your Start-up Can Leverage AI for Growth? Stress in the workplace is clearly negative for both workplace productivity and office communications and helps people on an individual and community level. But either way, there will almost certainly be a larger selection of people than if the role was advertised as an in-office position. and the companies that they work for are not indebted to providing pension schemes. This is particularly true for freelancers, who are self-employed and only work as required. How Your Business Can Reap Benefits from Smart Contract ? Companies that allow remote work enjoy the benefits of easier recruitment, improved retention and higher productivity of their employees - while saving money! There are a ton of benefits to remote work for both employees and employers, although it might seem like it is only in favor of the employee. Statistics that prove the benefits of remote work for employers. Required fields are marked *, Please register your mail id to get recent News, Benefits Of Allowing Remote Working For Companies. So, with remote working employees can start and end their day according to their needs. Flexible work options increase productivity. They are generally facing some sort of issue at home, are stressed, or have personal needs to take care of. Many employers and managers have the misconception that allowing their employees to work remotely will have a negative consequence in productivity. While freelancers understand the perks of working remotely, some companies might not be keen on the idea. It Has Never Been So Easy. 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. Working from home surely has its benefits. However, having a remote workplace can significantly benefit employers, too. It’s no wonder then remote-friendly companies attract some of the best and brightest employees from across generations. Furthermore, the top remote work benefits have shifted from work-life balance in 2017 to focus and productivity in 2018. Remote work is interesting, and it’s exciting, which means people are more likely to read about it and publicly endorse it. This is due to a few reasons: These factors will help you keep trained staff in the job for longer. 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. All rights reserved. But for the employers, the pros are not as obvious. 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. Commuting Isn’t The Best. Having fewer employees in the office also reduces costs for a business. Here are just a few benefits to remote working. With a staff of remote workers, there are no more geographic barriers. Despite many employers being concerned about the potential lack of productivity in work-at-home environments, many actually find the contrary to be true. In reality, it has never been easier to organise a remote workforce. 9. You might not think it, but there are some great advantages for hiring remote workers when it comes to the employee retention rate. Lack of commute and a flexible working schedule makes remote working a favored option for employees. Its appeals for employees are obvious. Seeking to increase efficiency, the agency implemented the Telework Enhancement Act Pilot Program (TEAPP) in 2012. Workers can set up a place at home where they are comfy and void of distractions. Employees are more likely to carry on working during pregnancy and early motherhood (even if they reduce their hours). Love Story Turns 50 and We Still Remember the Fashion. The USPTO provided the perfect opportunity. Benefits of Remote Working for Employees and Employers. The Benefits Of Working Remotely 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. The remote working group results not only showed a work productivity boost equal to a full day’s work, but also fewer sick days and a 50 percent decrease in employee attrition. But if you’re the first to attempt this in your company, you might have some barriers to overcome. Add in the lack of a commute, remote workers typically have more time and fewer distractions, which leads to increased productivity—a huge benefit of working from home for both employees and employers alike. This means that the savings on office space can be astronomical; and every expense … Hiring remote teams – or a number of freelancers – means that employers have less of an obligation to provide perks. As well as less time spent traveling, working from home reduces office gossip time, lateness, and time wasted in the coffee shop. Fall and Winter 2020 Fashion Trends that We Love. Increased Productive Workforce: Several reports have shown that employers of labour who promote the culture of working remotely witness an increased level of productivity in their workforce as opposed to organisations that don’t. I’m writing this article from a beach in Palawan, the Philippines with a healthy layer of sunscreen. 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. Kyle Schnitzer. There are many huge benefits for companies and employers that implement flexible home working environments. Let’s make work fairer, greener, and happier – for all of us. Remote work implies that companies will have access to workers who already possess the skill sets required for the advertised job profile. 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. APAC Entrepreneur – Technology | Business | Startups | Marketing | Management. 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. And while the virtual workplace is a place to work, friendships can still be fostered here, increasing job satisfaction and in turn, productivity. Younger workers too are seeking out the benefits of working remotely. 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. Larger Talent Pool. Flexible Schedule. Besides, by having loyal employees, you will reduce hiring costs due to high turnover. To study the productivity effects of work-from-anywhere policies, Choudhury looked for a setting that would allow the researchers to isolate productivity changes among workers with similar job functions under different remote-work conditions. Advantages of Remote Working. Now that we’ve given you a few examples of remote work policies you could opt for, let’s get back to our original topic. As you will be less likely to have to sacrifice on the location of the person, you’ll be able to focus on people who already have training for the required position. Less traffic pollution caused by fewer employees driving to work. Productivity — Teleworkers are an average of 35-40% more productive than their office counterparts, and have measured an output increase of at least 4.4%. Remote working is a trend that a lot of companies are going to adopt in the next few years – and many have already taken the plunge. When done right, remote work allows employees and companies to focus on what really matters—performance. Benefits of working remotely for employers Attract potential talent. Do you see a thriving, energetic work center, or are you imagining … It is due to the proximity of their work to the home. But for the employers, the pros are not as obvious. Personally, I’m all for it. Offering this type of benefit can help employers attract the young, highly skilled employees that might not otherwise be interested in a role. Let’s break down a few of the advantages: 1. Instead of hiring a semi-qualified applicant in your area, you can look nationally or even internationally until you get the best candidate for the position. Remote-work policies are popular with many employees, who cite an improved work-life balance among its many benefits, and employers, who gain from reduced operational costs. Remote workers can save about $7,000 a year on average, … The program transitioned p… However, many people believe that remote work is the way of the future and that it is a trend well worth embracing. A Quick Guide to Managing Remote Team in the Wake of COVID-19. Freelancers are likely to organise their own health insurance etc. In previous years, many employers have expressed concern about hiring remote workers; they fear that they might not get the job done without supervision or be uncontactable when they are needed. An employee, who spends up to more than 2 hours of their day stuck in a traffic jam, losing work time and with a terrible quality life, is likely to have more health problems and dissatisfaction. November 1, 2019 . 9. Fashion. They’re not always an obligation for remote teams or companies that hire freelancers, especially if the team is spread out. For instance, if one employee is having a phone conversation can also distract other employees around the desk. Finding the right talent for the right job is a challenge by itself. On the other hand, when you allow your employees to balance their personal and professional life, they remain grateful. Despite them, acceptance of work-from-home (WFH) arrangements hasn’t been quick. It’s pricey to rent or buy office space, but that’s not the only expense when it comes to having an in-house office. This means that the savings on office space can be astronomical; and every expense cut is, of course, in addition to a business’ profits! Is 2020 a Good Time to Set Off an Artificial Intelligence Startup? But what many people do not know is that working remotely brings several benefits to the business itself. 9 Servant Leadership characteristics for Success, Servant Leadership Techniques can reduce Employee Turnover, Five Strategies for success for First-Time Entrepreneurs, 5 Low-cost Pro Tips for Running an Effective PR Campaign, Digital marketing strategies for the post-crisis scenario, 6 Remote Work Myths that Employers Need to Stop Believing. Employers might find that remote workers are more inclined to even start their day early due to lack of commuting – and as they won’t be rushing to make a train at the end of the day, they may well be happy to stay an extra five minutes to finish off any tasks. To name a few: no need for daily commuting, no office hustle and bustle, looser dress-code, more flexible schedule. Lack of commute and a flexible working schedule makes remote working a favored option for employees. If kept unchecked, this could lead to more health hazards such as anxiety and lack of social experiences. Remote could indeed be the workplace of the future. 12. Giving employees the ability to work remotely also allows you to hire outside of normal commuting distance. While office parties are often exciting social events, they can be a financial burden for employers. Nearly 70% of millennials surveyed said their interest in an employer would increase if there was a remote work option. Consequently, it’s not hard to see why remote work has come under the microscope increasingly over the past year. Advantages of Remote Working. When companies try to fill positions, they tend to restrict their search because relocation is no walk in the park for both the employee and the company. One of the more obvious benefits of remote working for employers is that they will have to spend less – or nothing – on office space. Illnesses and appointments are often unavoidable (although remote working helps with them, too! 5 Remote Work Benefits. 5. That was before the COVID-19 pandemic hit planet Earth and turned the world of work upside down. Plus, there are some amazing advantages of remote working for employers. Here are some of the most compelling reasons why switching to remote work can empower your small business: 1. Working remotely saves companies money. Pretty useful, look forth to visiting again. One of the key reasons entrepreneurs switch to remote work is to gain more productivity from their workforce. Some Benefits Of Remote Work For Employers, Source. By Job van der Voort | … Benefits of Working Remotely to Employers 1. Conclusion: Remote Work is Here to Stay… It’s easy to see the benefits of remote work from the employer and employee perspective. © Avocor limited 2020. The biggest of which will be to convince your employer that letting you work remotely isn’t a loss for the company – it’s a benefit. 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. While freelancers understand the perks of working remotely, some companies might not be keen on the idea. Most employers need to move out of the dark ages when it comes to their attitude towards remote workers and telecommuters. Higher morale is understandably great for employers; a driven team is much more likely to work as required than an unmotivated one! Few are the privileged employees who can enjoy a walk to the office. We’ll look into the top 19 in this blog post! January 7, 2021 . It’s pricey to rent or buy office space, but that’s not the only expense when it comes to having an in-house office. And it’s never been so easy; with software like Trello (that keeps teams organised) and modern technology like interactive displays (that connect with employee’s devices to ensure that everyone stays focused), remote work is a definite possibility for many teams. Fashion News; Shopping; California Breeze; Stylish Accessories Your Wardrobe Needs This SS21 Season. While there are some challenges with remote working, the benefits of remote work for employers and employees can be significant. The majority of those who work in offices in the city commute to work. And, it also takes much time and effort to come back to work zone again. Let us discuss more about the benefits that employers can reap by allowing employees to work remotely. How to Create and Maintain a Healthy Workspace? 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. The benefits of embracing remote work culture outweigh the negatives and may even become the deciding factor in how your business sustains. Commuting Isn’t The Best. One of the more obvious benefits of remote working for employers is that they will have to spend less – or nothing – on office space. 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. Australia must fire up technology to future-proof its economy. Another perk of the wider talent pool is that natives in other languages can easily be hired. It’s always good to be seen as a business that cares about the environment. 1. Remote Working has grown over the last decade with workers and employers adopting to their new world of work. Passion the website– very individual friendly and whole lots to see! Hiring remotely allows employers to choose ‘the best of the best’. One of the huge benefits of hiring remote teams is that work can be done around the clock – and not just during office hours at the location where your team is based. Freelancers typically purchase their own computers and other devices and claim it under their own business expenses – so this is one less thing that the employer has to worry about! Remote work in 2021: 4 considerations for employers As we enter into 2021, we can anticipate an evolution in the hiring and recruiting space. 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. It reduces costs for workers. Subscribe and get remote work resources to empower your business and lifestyle. Productivity increased 4.4 percent when employees moved from working at home on a limited basis to the location of their choice. It’s a concept that’s both exciting and intimidating at the same time. Below you’ll find the most important statistics on the remote work. Remote work offers an abundance of benefits, but not without potential drawbacks. 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. Imagine you know a dedicated and talented employee you work with and want to have on your team forever. Many employers and managers have the misconception that allowing their employees to work remotely will have a negative consequence in productivity. Here’s an overview of the 5 top remote working benefits: Staff are more productive. Having employees working from home has several environmental benefits, including: Being in control of factors that can damage the environment (such as office supplies and the use of lights). Imagine a traditional office space. Remote work has tangible, proven benefits for employers as well as for employees. Instead of hiring a semi-qualified applicant in your area, you can look nationally or even internationally until you get the best candidate for the position. Electricity and water bills must be taken into account, as well as the costs of Wi-Fi. When you hire remote employees, you can eliminate the … How? 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. Trust is a major component of remote work arrangements, for example. But now that he’s moved to another country, you don’t want to lose him. No matter how much emotional decompression rooms, games room, and other benefits are available, it is a fact that people always miss their “me-time” dedicated to their needs. Most employers need to move out of the dark ages when it comes to their attitude towards remote workers and telecommuters. The lockdown has shown employers there are benefits to remote working Companies can see that productivity and performance does not fall off a cliff, and agile working can boost employee morale Absenteeism in the workplace is a big problem for workers and employees alike. 10 Benefits of Working Remotely for Employers. 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. Hiring remote workers supposedly lowers operating costs, as well as some capital expenditures. For employers, this can also be a risky proposition. Benefits of working remotely for employers Attract potential talent. The most evident reason why people want to work remotely is that it offers them flexibility. Many employers and managers have the misconception that allowing their employees to work remotely will have a negative consequence in productivity. Hiring remote workers means that you’ll have access to a lot of employees who already have the necessary skill set required for the advertised job. Remote Work Benefits Employees and Employers . When a company prefers to work with remote teams, financial resources are utilized in the best possible way. This can be particularly beneficial in locations or professions … 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. Is manifested in the workplace of the dark ages when it comes to their needs |... 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