Benefits Of Allowing Remote Working For Companies
When talking about remote working, most people tend to equate the benefits with employees, not the employers. But what many people do not know is that working remotely brings several benefits to the business itself.
Companies or employers that allow their employees to personalize their way of completing the job tends to see employee productivity and lower organizational costs. Let us discuss more about the benefits that employers can reap by allowing employees to work remotely.
- Less distractions, more productivity
Many employers and managers have the misconception that allowing their employees to work remotely will have a negative consequence in productivity. 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. Sometimes an office environment can also be loud and distracting for some employees. For instance, if one employee is having a phone conversation can also distract other employees around the desk. And, it also takes much time and effort to come back to work zone again. But, remote works are free from such issues. They can focus on their job for a longer time.
- Better work-life balance
There is a lot to talk about the quality of life at work, but few companies are effectively offering an attractive work environment for their employees. No matter how much emotional decompression rooms, games room, and other benefits are available, it is a fact that people always miss their “me-time” dedicated to their needs. So, with remote working employees can start and end their day according to their needs. Instead of meeting the targeted hours, the employee meets goals, which also influences operating results.
- Less Stress
Few are the privileged employees who can enjoy a walk to the office. It is due to the proximity of their work to the home. The vast majority start their workday with endless trips, crushed in mass transit, or being pushed into the stations as if they were in the middle of a stampede. An employee, who spends up to more than 2 hours of their day stuck in a traffic jam, losing work time and with a terrible quality life, is likely to have more health problems and dissatisfaction. Conversely, remote workers can start their day with the warmth of their homes and can spend more time at work while enjoying a cup of hot coffee. By offering the possibility of remote working, the company makes room for the employees to enhance productivity, instead of just meeting the targeted hours.
- Cost reduction
When a company prefers to work with remote teams, financial resources are utilized in the best possible way. With fewer people in the workplace, the company no longer needs to afford large spaces, full of desks, computers, and telephones. In addition to this, you can also save on electricity, water, energy, property tax, and other fixed expenses that burden the cash and do not bring direct benefits to the enterprise. Thus, by promoting remote work, the company can save huge on corporate investments.
- Loyalty towards the company
Imagine you know a dedicated and talented employee you work with and want to have on your team forever. But now that he’s moved to another country, you don’t want to lose him. The good news is that by offering the option of remote working, you won’t have to give up on him.
On the other hand, when you allow your employees to balance their personal and professional life, they remain grateful. This recognition is manifested in the form of loyalty to the company, and productivity also goes high. Besides, by having loyal employees, you will reduce hiring costs due to high turnover.
The truth is that many functions and tasks can be done remotely, even better with the support of technology and other digital resources. And, remote work is a way of recognizing that such functions need to be performed efficiently and not be treated like others that demand physical presence at work.