Incredible Benefits of Remote Work for Small Businesses

Benefits of Remote Work

In the past 5 years the amount working remotely in America has been increasing by over 44 percent. The figure could increase more after the outbreak of COVID-19. This has forced many organizations to work remotely.

For employees, the advantages of working remotely at home are obvious. These include the removal of daily commutes and the flexibility to create workplaces and schedules that work for them.

However, the benefits for working remotely are in doubt for employers. If you’re a small-business owner you might be thinking about the advantages of remote working and whether it’s right to your business’s bottom line. Read on for the top nine advantages your business can reap from adopting remote work.

1. Increased Productivity

The research has shown that telecommuters have been proven to be 20 to 25 percent better at their job as office staff and can produce work with 40% less imperfections. This is due to the fact that remote workers have the ability to create a personalised work environment which is free of distractions.

Many people work outside while enjoying the natural surroundings. Some prefer to work at a desk, while others may do their best by sitting on the couch listening to their favorite music.

Employees have different hours when they are most productive. Certain people are night-owls who are most productive at night, while others prefer to work in the morning. A workplace won’t be able to meet every preference.

2. Increased Agility

Another advantage of remote working is that it allows businesses to be more flexible. Businesses with a remote work systems can easily move someone to a different state or even a different country when the need arises. The employee will be able to shops from a hotel room or a house that is rented.

Remote working arrangements make it possible for companies to continue to work even during natural catastrophes, national emergencies or epidemics of diseases.

Management can swiftly inform employees who are not essential to work from home until incident is resolved. In the meantime it is possible to utilize tools like Facebook video chat to hold group calls for holding meetings.

3. Increased Cost Savings

Companies with a high proportion of remote workers save lots of dollars. Remote work saves companies on average $11,000 per year for a worker who is at home 50 percent all the time.

This is because they could lease smaller offices , while having less overheads, like heating, power and water. The companies could also require less furniture and equipment since employees can choose to utilize their own.

4. Decreased Commuting

Your employees are able working from their homes which cut the amount of time travelling. This is advantageous in several ways. The first is that employees experience less stress getting up each day, which means they’re more productive before the start of the day.

Being able to commute on a regular basis will reduce instances of lateness and absences. A lot of times, employees take off sick because of depression and inability to focus.

This could affect things like getting up early or dressing for the day, as well as making the commute to work. When working from home, workers tend to be less inclined miss work sick or show up for the office late.

5. Get the Best Talent

The majority of today’s workforce is Millennials and Generation Z. Generation Z employees are looking for flexible working environments that are suited to their lifestyles and schedules.

Modern workers are more accustomed to flexible work schedules over high-end job. 42% of respondents would prefer to accept a salary cut of 10 percent to be able to work in flexible arrangements. Businesses that haven’t yet restructured their business to allow remote working aren’t in a position to retain and attract the top talent.

Smaller businesses have previously, been forced to employ low-quality talent because of budget constraints , as well as the lack of recognition that larger companies enjoy. However, a remote working setup allows small-sized businesses access to the top talent available. Remote jobs can be advertised online and then receive applications from qualified applicants from all over the world.

Alongside the advantages of having access to a better range of potential employees, businesses can also get lower cost labor from countries that have a low cost of living and less demand for salaries. This can increase the diversity of your business and allows small companies to be globally based.

6. Increased Employee Engagement

Remote employees are typically happier than office employees since they are more independent.

The freedom to choose their own schedules. They have the freedom to decide the time, place and how to work.

Remote employees also save money on travel clothing for business, as well as eating out.

The money they save could be used to purchase experiences or products that employees are passionate about that further boost engagement. To demonstrate this, remote workers have reported reduced absenteeism of 41% and more retention rates of 13% as compared to office workers.

7. Reduced Carbon Footprint

Companies with many remote employees can boast about their efforts to reduce the carbon footprint of their business.

Homework reduces the amount of people who drive to work. If half of the total number of US workers stopped making the trip to work, our environment would be spared over fifty million tonnes of greenhouse gas emissions.

Showing your environmental sensitivity will make your company more appealing to the public and increase sales.

8. Lower Wage Bill

Another advantage of remote work is that it can cut your salary. 36 percent of employees would prefer flexible working arrangements in exchange for the possibility of a raise. The result is an ideal for everyone since you will have happier and more productive employees that need less money.

With the remote working capabilities the company can hire workers from around the globe. Foreign workers may be able to get a lower salary in comparison to American employees.

9. Keeping up With Technological Advancements

The setting up of your business for remote working will let keep you up-to-date with technological advancements. Your employees might be up with the most up-to-date communication software.

They will also be able to connect with customers who are making use of the latest technology. This will distinguish you as a modern company customers and employees of the future are likely to want to work with. Check out this article for help with setting up Facebook chats for your meetings.

Remote Work Is the New Normal

If your company is small and doesn’t have any remote working arrangements If you don’t, then you’re in the majority. In addition, you could be missing out on a lot of the advantages mentioned in the previous paragraphs. This could include attracting and keeping the best talent in your company, enhanced engagement of employees and cost savings.

For more information for putting remote work in your system take a look at the other posts on our blog.

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