Working from home, from a coffee shop or while on the train is becoming an increasingly popular way to earn a living now. Thanks to technology, working remotely is doable and even more profitable for some types of businesses. For this reason and others, many companies are getting on board with this model that offers employees greater flexibility and more free time. For more information, visit https://www.uswired.com/. In the meantime, here are some of those ways remote working can benefit your business.
Increased Employee Retention
One problem that both small and large businesses face is employee retention. However, smaller business owners may be affected more by the loss of staff simply because they may not have the manpower and resources to handle it.
When someone leaves a company, it costs money and also takes time to recruit and retrain a replacement. While smaller companies cannot always compete with larger organizations on some benefits, it’s important to take advantage of the things they can offer, including offering employees more freedom. Home or remote working can give employees with childcare responsibilities the flexibility they need, while other workers can benefit from a healthier work-life balance.
Attract a Larger Talent Pool
Offering more benefits, such as remote working options, attracts more highly skilled employees. And because millennials have grown up in a world where they are able to communicate cheaply and effectively from anywhere in the world, they look for opportunities to do the same when they enter the workplace.
Even older long-standing employees might love the option to work from home from time-t0-time or even every day. Life changes for everyone and this type of flexibility is something that could make things like illness, injury, family responsibilities, and other stressors easier to manage.
More Independent Employees
Giving staff the ability to work remotely allows them to operate in a way that develops independence and greater skill level. They will be responsible for finding answers on their own and creating a stronger work ethic. It shows exactly how your employees are working as well. If things aren’t getting done, you will clearly see who is falling short and who is a rock star.
Renting or owning an office space can be expensive and, while it’s good to have a base, offering employees the opportunity to work from home for two days a week and then having a hot-desking policy for the rest of the time, means you can reduce the size of office space you need. This could mean lower rent and utility costs. It’s something you will have to calculate and weigh the pros and cons to make a quality assessment.
While you might find it difficult to trust some of your employees to work from home, you won’t know if it can work until you try it. I recommend starting out slowly with one day a week to see how it goes. Many employees and owners say their productivity increases when they work remotely. A Canada Life survey showed that homeworkers rank their productivity as 7.7/10, compared to 6.5/10 for office workers. And a Stanford survey found that employees who work from home are 13 percent more productive than their colleagues in the office.
Whether you decide to offer full-time remote working or not, it’s worth checking into. The benefits are there for you and your employees. It’s an opportunity to do something different and create a better business and workplace for those who work for you.