When most people think about the benefits of remote work, they first consider how it benefits employees. On the flip side though, remote work has many benefits for employers too.
Here are some of the ways that hiring remote workers can help a company.
Easier to Recruit and Wider Talent Pool
Because you offer work done remotely, your employees don’t have to be from any single region. This lets you recruit people from around the world. That gives you access to a larger talent pool, letting you find the most qualified candidates.
You will also find it easier to recruit people. After all, they won’t ever have to move to work for your company. They won’t have to worry about a long commute either. These two factors make your job offer more appealing.
Can Hire From Anywhere
The ability to hire from any location also comes with its own benefits.
You get more diversity in employees. This can lead to different perspectives, a crucial ingredient for innovative solutions and ideas.
You can purposely choose employees from different time zones. Then, you can coordinate them to get round-the-clock coverage.
Better Employee Retention
Not only is it easier to recruit talent for remote work, but it’s also easier to keep them.
They’ll love the flexibility of working from home and the reduced stress. With higher job satisfaction, they are less likely to quit.
You should also consider what happens if someone has to move. With a traditional job, they’d have to quit. With remote work, it doesn’t matter. This way, they can move for their spouse’s job, school, family, or any other reason. A move doesn’t automatically mean you lose an employee.
Fewer Late Arrivals
Another aspect of the daily commute is when employees arrive at work. If there’s traffic, your employees might be late. That doesn’t happen with remote work, as there’s no commute.
This relieves stress for you as the employer as you can focus less on things like daily attendance, and more on job performance and results.
Reduced Costs
Companies always focus on their bottom line. This is one of the major benefits of hiring remote employees. There are many costs associated with having employees in an office:
- Renting a large enough space
- Utilities (water, electricity, heating, etc.)
- Office furniture
- Internet
- Drinking water and coffee
- Office supplies
- Building maintenance
- Cleaning staff
- A receptionist
While you will still have some of these costs if anyone works in the office, every remote employee reduces the costs.
One analysis says that an employee working remotely just half the time can save you $11,000.
Even if you provide your remote employees with a stipend for internet or office supplies, you’ll save money overall.
They May Skip the Raise
Although not always the case, it’s also common for remote employees to be willing to have a slightly lower salary than in-person employees.
The benefits offered to employees for working remotely can offset the need for a higher salary.
Fewer Team-building Events
You don’t need to plan traditional team-building events for remote workers. They don’t physically interact with colleagues, so this isn’t necessary. That can save you more money.
On a similar note, there won’t be employee lunches with your company covering the cost.
Higher Productivity
Look at remote work research, and you’ll see that this work setup increases productivity.
The lack of commute boosts morale and gives your workers more time for their hobbies. This makes it easier to separate work and life. The result is a more focused employee during the workday.
That increased focus leads to productivity gains. If you want proof that remote work raises productivity, just look at the pre-COVID research. Studies by Harvard, Cisco, Gallup, and Stanford all support this idea.
Healthier, Happier Employees With Fewer Sick Days
Allowing remote work also reduces sick days. Some of this comes from fewer personal days.
Employees are less stressed when working remotely, so they don’t need to take personal days.
Some of it comes from the fact that employees are healthier. Just some of the reasons remote workers are healthier include:
- Access to their kitchen provides healthier meals
- No exposure to co-workers’ illness
- No commute so more free time to exercise
- More time to take more breaks throughout the day
There are also fewer days off for doctor’s appointments. Most remote workers can take a half-day and or a few hours off and get to the doctor.
Improved Disaster Preparedness
You might not think about it often, but remote employees make it easier to be ready for disaster. After all, there are fewer people to evacuate. Fewer people will have to stop working, as well. That can reduce your downtime and save your company money.
Additionally, if you have remote workers, you already have remote tech in place. This can let your business go back to normal more quickly, even if the main business location gets damaged or destroyed.
It’s Eco-friendly
If your company aims to be eco-friendly, remote work helps with that.
Each remote employee reduces your business’ environmental impact by eliminating the commute. You also use less electricity with reduced utilities.
This eco-friendly nature of your company can become a competitive advantage that you can tout to your Clients.
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