September 11, 2015 Having a remote employee is a win-win scenario—for the employer and the employee. There are clear financial benefits that come with employees working from home. Here's why. You’ll improve your employee retention rates. Isolating the benefits of remote work. As more and more indications are found that employees value the opportunity for flexible scheduling and remote work, employers are finding the need to handle these benefits effectively. Call center companies have figured this out and have been actively recruiting people to work … The USPTO provided the perfect opportunity. Thanks to today’s technological advances, supporting a work from home policy is increasingly accessible. The wider the selection, the more likely you are to get the very best person for the job. Here are five of the most undeniable reasons why remote working is beneficial: No time wasted on office commute Here are five big benefits of telecommuting for employees and employers! As an employer, your concerns are likely a little different than that of the employee who would like to work from home so we won’t try selling you on the same points that your employees may find interesting. And for employers and managers, we've also released the top 10 reasons why you should let your employees work from home. Even allowing employees 1-2 days a week remote work has proven benefits. One of the primary benefits of remote work for employees is a reduction in work-related expenses, such as transportation. By now, most companies have at least heard of remote working and may have even allowed some employees to work from home on occasion. 4 Benefits of Adopting Remote Employees. They will also have more money to spend, as they won’t have to pay for travel costs. Now, more than ever, flexible workplace options are becoming popular, as both employees and employers stand to benefit greatly from such arrangements. Remote work, flextime, career sabbaticals, and zero-hours contracts are all types of flexible work. See how it affects your desire to request to do remote work from home. More employees than ever are starting to work from home a few days a week or are working from trains and hotel rooms, to have things work around their lifestyle. 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. Saving Money on Office Space . What many companies have yet to embrace, though, is how a remote office environment can benefit them. As your company thinks about making this move, consider these top seven benefits of remote working. The benefits of working remotely are many, both for employees and employers. 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. By allowing such employees to work from home, you let them continue their career and you continue to benefit from their expertise. Innovation . 7 Benefits of Remote Workers. Some employees would even be willing to take a pay cut in order to work from home, according to the State of Remote Work 2019 report by Owl Labs. While most remote employees work from home, they also have the freedom to work in coffee shops, libraries, or co-working spaces. According to Global Workplace Analytics, employers can actually save over $11,000 per half-time telecommuter per year, which is a lot of money when you think about all 3.7 million employees who currently work from home at least half the time. Employees are more engaged in their work. 1. A remote working policy provides valuable opportunities and benefits for business owners, but more importantly, for the workforce too. While working remotely is on the rise and producing positive results for the companies and businesses which practice it, that doesn’t mean every employer should be expected to instantly grant all their employees the opportunity to work remotely 24/7. There are no travel costs incurred and working remotely means no slogging for 10-12 hours. Many companies now recognize the mutual benefits of allowing employees to telecommute and are leading the way with remote employee options including Google, Dell, American Express, Aetna, Xerox, Humana, IBM, Microsoft, and Bausch and … Pros of Telecommuting: 1. Many employers and managers have the misconception that allowing their employees to work remotely will have a negative consequence in productivity. To garner a better understanding of this trend, we've outlined the most prevalent pros, cons and even risks of this hot topic. Childcare is a huge consideration for working parents and, allowing them to work from home when needed – such as sick days and during school holidays - will win you definite Brownie points over your competitors who don’t offer remote work for families. While there are many benefits to allowing your employees to work remotely, perhaps the greatest benefit of all is being able to access important information and records on demand, no matter where you are. In addition to enhancing productivity, remote work also helps companies by allowing them to recruit the best people, no matter where they happen to live, and to retain those remote rock stars after they’re hired. The Society for Human … Here are a few of the many benefits working from home can provide for you and your business: It not only lets employers skip on the costs associated with an office, but it also provides the freedom and work flexibility that more and more workers are demanding (especially millennials).. Here are 17 remote work stats that quantify its positive impact. Posted on March 9, 2020 by Aaron. 1. Micromanaging cripples an employee’s ability to get creative and come up with brilliant ideas. The study reported that 34% of workers would be willing to take a 5% cut; 24% would take a 10% cut; and 20% would take a cut larger than 10%. Remote work is a flexible arrangement that allows employees to work outside of a central location such as an office. Here’s an overview of the 5 top remote working benefits: Staff are more productive. When employees work in the office, it can be easy to micromanage them. At first, businesses were skeptical of allowing their employees to work remotely, but it’s clear that it is successful. When your employer reopens their doors to employees, do you have plans about asking to do remote work from home or continuing to work remotely, depending on your current circumstances? June 2020 Update: We’ve put together a Remote Workforce Resource Page open_in_new for remote employees and for those managing a remote team. Here are some general benefits to employers of allowing workers to telecommute, which most likely apply to your specific situation. 5 Remote Work Benefits. The benefits of remote work for employees are often more obvious, and therefore more widely discussed, than the advantages for employers. By allowing your employees the opportunity to work from home, you are also improving their work-life balance. Find out how we can support your business. In fact, by next year, it is predicted that around thirty per cent of people will be working freelance or working remotely, the majority of the time. By Bridget Miller, Contributing Editor Dec 28, 2018 Benefits and Compensation. Technology has enabled us to work remotely in many industries. Without the commute to worry about, they will get to spend more time outside of their work hours with their families and doing the things they love. And you can also probably come up with benefits that relate to your particular employer and job to make your case even more convincing. Letting employees work from home not only does wonders for your employees, but it can also benefit your business. ... Studies have shown that employees working remotely are much likely to be more productive as compared to the ones working in the office. Employees can also save on clothing and food expenses. How Allowing Employees to Work Remotely Can Benefit Your Business. Employers who allow employees to work remotely should grant these employees true autonomy and flexibility, rather than trying to micromanage their remote work. But it's remote work that's disrupting the traditional tech industry 9-to-5 grind. Remote Work Benefits Employees and Employers . Allowing employees to work from home, ... have found that employees who work remotely are often more productive and work longer hours than those who head into the office. Many companies have taken the remote plunge. 6. As remote work continues to grow from a nice-to-have perk to an expectation of employees and job seekers alike, the numbers indicate that there are many benefits to all parties involved, including companies. Positions that allow employees to work remotely widen your pool of candidates beyond those within commuting distance or willing to relocate closer to the office. One of the key reasons entrepreneurs switch to remote work is to gain more productivity from their workforce. While some employers have allowed remote work for years, … Remote work, in particular, continues to gain traction around the globe. Book a call. Benefits and Compensation Allowing Remote Work: What NOT to Do. This could indicate that larger companies are more motivated to offer remote working policies because they experience benefits on a much larger scale. Here, I have mentioned some of the benefits of employers to allow their employees to work from home. The ability to satisfy and retain your staff can, over time, reduce recruiting and training expenses and add further to your bottom line. Unsurprisingly, more than twice as many companies of 101-200 employees allow employees to work remotely (86%) than companies of 21-50 employees (42%). Now more than ever, employees are choosing to work remotely as opposed to working within the traditional office setting. Remote work can lead to “astonishing” productivity. Take a look at the scenario that the COVID-19 pandemic has created for employees and their employers. As they have much fewer diversions, greater autonomy, and focus more on their work. According to an Ispos poll for Reuters, 17% of workers telecommute – that’s one in five workers globally.Still, there’s a widespread belief that people who work from home tend to slack off, waste time, and aren’t very focused. For example, a person who normally drives to work could save up to $160 every month by working remotely, thanks to the savings generated by not having to pay for parking, gas, and the use of their vehicle. Some employees work remotely full time, while others telecommute part of the week or a couple of days per month. If you feel like the benefits of remote working for employers benefits you, then why not contact us and we will demo for you all the available tools creating an efficient remote workforce for your business. Improved work-life balance The answer is there is nothing to worry about. Simon Slade, CEO and co-founder of Affilorama has experienced first hand the benefits of having remote workers at his company, “By allowing employees to work remotely," he says, "you can hire the best of the best while not limiting yourself by geographical restrictions.