Working remotely eliminates this wasted time, giving you back precious hours to do things you actually enjoy. With a remote work policy in place, enterprises ensure that operations can continue even if their physical premises are affected by a natural disaster, for example. So, a welcome side-effect of this work trend is that it boosts business continuity and resilience. Employees who are happy and satisfied with their jobs are also less likely to take time off sick.
Remote work, work-from-home, or telecommuting, has exploded in popularity for several reasons. For starters, it can help businesses save on workplace costs such as rent, utilities, and furniture. In some cases, companies can arrange coverage around the clock depending on where team members are based. Virtual work has never been more connected than it is today, with collaboration and communication apps helping to keep far-flung employees in touch.
Incentive to improve workplace technology
- However, this technology isn’t beneficial if employees don’t know how to use it.
- Studies show that many of the most qualified candidates you could hope to attract for your company prioritize remote work.
- Flexible working hours can be a godsend to employees who are night owls, or to those who have small children.
- An Owl Labs survey revealed that over 71% of virtual teams are more satisfied than on-site teams.
Remote work is here to stay, bringing benefits to companies and employees alike. The advantage of working remotely is that employees can benefits of working remotely live in less expensive areas, saving them money on their commute. They can personalize their workspace with decorations, lighting, and furniture that suit their taste.
And having too many meetings often causes frustration among employees. Remote work — especially for those who live alone — can lead to feelings of loneliness and isolation. Even if an employee has their own office in a physical office building, they see others in the hallway, elevator and parking lot throughout the day. They also interact with people at gas stations, coffee shops and restaurants during their commute to work and their lunch.
The biggest concern for most employers is how remote work will affect output. WFH is here to stay and provides new levels of work-life balance and flexibility for more people. If you imagine your ideal work environment and pursue (or advocate for) conditions that come closest—you’ll set yourself up for success no matter where you work.
The top 9 benefits of remote work for employers
As explained, this is because employees who have the option to work from home are less likely to leave their jobs in search of greener pastures. It stands to reason that if your staff is primarily remote, you won’t need to maintain as much (increasingly expensive) office space. This reduces operating and equipment costs, allowing you to reinvest those funds into more profitable areas, such as employee training, higher salaries or expansion. But its widespread adoption due to the pandemic became a benefit of the modern job.
Part of the reason Ctrip ran a work-from-home experiment in the first place, Bloom’s paper explains, was rent. The Shanghai real estate market was thriving, and the price of renting office space had skyrocketed. Allowing call center employees to work from home allowed Ctrip, in turn, to rent a smaller, cheaper office.
Greater Flexibility
Nurture your inner tech pro with personalized guidance from not one, but two industry experts. They’ll provide feedback, support, and advice as you build your new career. Our career-change programs are designed to take you from beginner to pro in your tech career—with personalized support every step of the way. Studies show that many of the most qualified candidates you could hope to attract for your company prioritize remote work.
Remote work can play a positive role in this arena, offering a sense of personal recognition between employer and employee. In fact, 35 percent of employees would change jobs if it meant the ability to work off-site full-time, according to Gallup. Companies that offer a flexible working arrangement, such as full, half, or partial remote work, could make the difference for a candidate selecting their next career move. They should welcome the questions and have clear answers for you about their efforts. For many businesses, even a couple of decades ago, working remotely would have been nearly impossible. Without the right technology, an employee had to go to the office to get their work done.