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Although remote work has been extensively covered, it is worth taking some time to learn how businesses can benefit from the arrangement. Telecommuting could lead to increased productivity and attendance, according to research. Employers can also reduce costs and increase recruitment in a variety of ways.
Continue reading to find out 10 ways companies are benefiting remote work. Or visit our home office solutions page to get more insight into remote or hybrid work.
There has been a lot of discussion about telecommuting and the benefits it offers employees. However, it is important to remember that this is not a one-way road. Employers can also benefit from remote teams if they have a productive workplace at home.
Top 10 Benefits of Remote Work for Businesses in 2022
This article will examine how remote work can benefit both employees and employers. It will provide 10 ways for companies to reap the benefits of remote work.
1. Improvements in Productivity
Businesses are seeing a significant increase in productivity as a result of remote work. This is a far cry from what many people expected when telecommuting became possible. However, it can be attributed to a variety of factors, such as fewer distractions from coworkers, better work/life balance and more sleep, and higher morale.
A two-year Stanford University study that divided 500 workers into two different groups, one at work and one at home, is one of the most important pieces of research. The productivity increase from working at home was equal to an extra working day throughout the study.
While not all employees will be more productive, you can make an active effort to improve your productivity by highlighting the different methods of optimizing productivity within your workforce and making sure that employees have a productive work environment at home. Using an employee hour calculator may greatly improve your employees’ productivity.
2. Reduced Equipment Costs
Equipment can be costly for busy offices. You may have to purchase computers, printers, and photocopiers as well as paper, computer desks, ergonomic chairs, and many other items. Many of these expenses can be significantly reduced or eliminated when remote work is available.
Many companies permit employees to use their smartphones and computers, which can greatly reduce associated costs. This will reduce the need for paper and other resources. Even in cases where chairs and desks are required, it may not be necessary to purchase them for all employees.
3. Lower employee turnover
Businesses also have the opportunity to lower staff turnover by keeping employees longer. This is important as finding replacement staff and training them to take over the work of the departing employees can be costly and involve many uncertainties.
Remote work is a great way for companies to keep their staff. Remote work is a popular option for employees who appreciate the flexibility and can work from home. This flexibility allows parents who stay at home to work when they might otherwise have to. Physical relocation is also less problematic.
4. Save on Office Rentals
Renting office space can be very expensive for employers. Anything that can reduce these costs is often going to be appreciated. Remote work opportunities are a great way to reduce the space required and possibly allow you to move into smaller spaces.
It may be possible to eliminate a central workplace in some cases where all work can be done remotely. Your company may allow all employees to work remotely and pay for co-working space or meeting rooms as needed.
5. You have access to a wider talent pool
Remote work can remove some of the employment obstacles associated with traditional office-based working arrangements. This is a benefit that many people overlook. Companies can now expand their talent search and hire the best people no matter where they are located.
When attendance at a physical workplace becomes necessary, recruiting efforts are usually limited to those who live nearby or are willing to relocate. However, remote management is possible and it’s possible to hire staff from any part of the world.
7. Flexibility in work hours
Flexible working at home is often touted as one of the greatest benefits for employees. However, it can also be very beneficial for businesses. Because it allows people to work different hours than if they had to go to work at a workplace.
It can be costly to keep a workplace open 24 hours a day. However, it may be possible to ask some people to work remotely and cover night shifts. This can make a business more efficient and allow for continuous customer service.
8. Green Credentials: Improvements
Customers are increasingly requesting that companies be greener and products are more sustainable. There is increasing evidence. Customers are more willing to spend money with companies that they feel are acting responsibly and to move away from those they don’t like.
Remote teams can benefit from this by highlighting the environmental advantages of reducing or eliminating commutes to work. This strategy can attract the most environmentally-conscious customers when it is combined with a more holistic ‘green’ strategy.
9. A Healthier Workforce
While reducing absenteeism should be a priority, remote workers and teams can make the workforce more productive. This is due to many factors. It is easier to prepare a healthy meal at home than to rely on fast and easy options when you are working from home.
Eliminating the commute to work can mean more time at home for recovery and more time in bed, which could lead to a better night’s sleep. This can improve mental health and the immune system. Healthier employees tend to be happier and more productive. They also have a lower likelihood of needing to see their doctor.
10. A global workforce at all levels
For many companies, translating into multiple languages and localization are a top priority. Access to international talent can be difficult when people work in one place. This is especially true for those languages and regions that are less commonly used. It may also make it difficult to rely on native speakers.
Remote working arrangements, on the other hand, allow companies to hire workers from all over the globe. Remote workers may be able, for example, to translate text and speech into all the languages they require.
They can also provide local insight. Remote work options might also allow companies to hire native speakers in important languages to offer a better experience to their global customers.
Last Thoughts
Telecommuting can offer many benefits to employees. It is important to emphasize that the benefits of telecommuting can also be extended to remote employees if you plan well.
This guide will help you choose a video conference monitor that is suitable for remote workers. The ViewSonic page on work solutions provides additional information and resources about WFH.
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