The New Era of Telecommuting
As COVID-19 spreads across the globe, the number of employees transitioning to remote work is also climbing.
What was once a potential coronavirus outbreak has swiftly accelerated to an alarming full-fledged pandemic.
And, businesses have moved most of their in-office employees to remote working status to avoid disruptions of their operations.
The future of work is now the present.
The Centers for Disease Control and Prevention has recommended that businesses establish work from home policies and practices such as telecommuting.
These changes increase the physical distance between workers and decrease rates of absenteeism due to illness in employees and their families,
Implementing remote work strategies now will help ensure the continuity of business operations and protect your workforce.
So, how does adding remote worker positions further your business?
Here are five compelling reasons why establishing a telecommuting policy is advantageous and how it can boost your bottom line.
5 Benefits of Remote Work
1) Remote work improves employee retention.
A common problem for any company is losing a stellar, well-trained employee that keeps the business running like a perfectly oiled machine.
There will always be more substantial companies with bigger budgets when it comes to salary and benefits.
But, you can improve your employee retention rates by giving them the advantage of schedule flexibility and freedom.
An article in Forbes found that job flexibility allows employees to enjoy a healthier work-life balance.
It also helps parents raise their children with fewer childcare costs, lessens the stress of commuting, and decreases food, clothing, and transportation expenses.
Likewise, policies that directly impact your employees’ well-being and happiness can help you retain talent.
2) Remote work can lead to increased productivity.
Studies have shown that the flexibility of a remote work environment makes employees feel more trusted by their company.
This leads to less stressful workdays and improves overall happiness.
Since remote workers can choose their work schedule, they can organize their work to fit the most productive days and times.
This flexibility can exponentially increase work productivity.
Additionally, remote work has fewer distractions and no office drama, compared with working in a standard office setting.
3) Remote work allows access to a larger pool of applicants.
Adding remote jobs to your business plan opens up a whole new world of recruitment possibilities.
According to the State of Remote Work 2019, some benefits of remote job options include:
- having much higher application rates;
- a faster screening process;
- advanced candidate diversity; and
- more specific culture and mission matching.
So, if you’re wanting to boost your company’s recruitment efforts, offering flexible work roles will attract top talent.
4) Work from home jobs helps to lower costs.
As mentioned, flexible work schedules can lead to enhanced employee retention and recruitment.
As we all know, renting office space is expensive, especially in a big city.
By allowing your employees to work from home, at least a few days each week, you can reduce the amount of office space you need.
Also, buying and maintaining office equipment and soaring utility bills can take a bite out of the company profits.
A Global Workplace Analytics study showed that companies could save an average of $11,000 per half-time telecommuter per year.
5) Remote work options reduce absenteeism.
Creating a flexible work schedule policy allows employees to fit their work around personal obligations that could otherwise require taking a day off.
According to the Society for Human Resource Management, one-third of companies noticed a significant drop in absenteeism after implementing flexible work schedules.
Also, employees who work a flexible schedule have proven to be healthier than employees that work strict, in-office hours.
This reduction in absences is mainly because remote workers are happier, enjoy better-quality sleep, and have less exposure to employees with illnesses.
Telecommuting is Here to Stay
As we have seen, the future of work is remote work, and it’s here to stay.
As society adapts to flexible work arrangements, we will see the immense benefits not only for employers and employees but also improvements to our environment and the safety of our communities.
Your business can have a competitive edge if it embraces these changes sooner rather than later.
Are you ready to jump onboard?
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