22 Nov Remote Work has 4 Benefits
Teleworking has steadily evolved from a trendy business buzzword to a “remote work revolution” in the past few years, and this transition has been accelerated by the Covid-19 pandemic. In May 2020, an estimated 61% of employees in America were working from home, and 40% of the workforce now prefers to work remotely. Remote employees can work at home, travel while working as a digital nomad, or set up shop at a trendy coworking space. Read on for four proven benefits of remote working.
1. Geographic Freedom
Remote work gives you the flexibility to live in any state or city since you aren’t tied down to a physical office address. The increased popularity of remote work is contributing to a shift away from large cities as employees can avoid the higher costs of urban living or a long commute to the office. Since employees are no longer constrained geographically, the ability to work remotely often corresponds with a more diverse workforce. It’s easier and cheaper for employers to interview and hire candidates if the entire process is conducted online, and companies no longer have to pay relocation fees.
2. Reduced Business Expenses
One of the most significant benefits of remote work for both employers and employees is reduced overhead. According to a recent study, a company can save an average of $11,000 annually for each halftime telecommuter they employ. When managing a primarily remote workforce, business owners can eliminate expenses like rent, office furnishings, power, water and sewer, or cleaning fees. Similarly, employees no longer have to pay for traditional work clothes, lunches out, or commuting fees.
3. Increased Productivity
Many studies have cited increased productivity as a benefit of remote work. In fact, 65% of employees say they are more productive at home than in the office. Remote work alleviates common office distractions and cuts out the long commute that many employees face when traveling to and from the office. Teleworkers are shown to be more engaged with their work output than their office colleagues. And while communication could present a challenge to teleworkers in the past, advanced online platforms like Zoom, Google Hangouts, and GoToMeeting make remote conferencing easy.
4. Personal Flexibility
Another important benefit of remote working is the flexibility it offers for students and families. Parents can more easily balance commitments of work and children when they can work outside the traditional 9-5 hours, and students can fit their class schedule around their work hours by simply switching laptops at their desks. Remote work contributes to a better sense of work-life balance and aids in employee retention. According to Forbes, 54% of employees report they would choose job positions that offer more flexibility through remote work over traditional office jobs. Companies are now more motivated than ever to offer enticing telework plans to employees who would prefer to work from home.
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