20 Benefits of Remote Working for Employees & Employers
One of the benefits of remote working is that employees spend a couple of days in the office and the rest at home, which ensures everyone stays in touch face-to-face. Another benefit of allowing employees to work remotely is the fact that work can be done around the clock. With location-based teams, all work gets done during office hours on site.
Not only do you give employees more work-life flexibility, but you also give them a chance to develop leadership abilities by increasing autonomy and responsibility. Companies that support remote working and work across time zones have the world at their fingertips. The average American commuters spend as much as $5,000 per year on their daily commute when you include the cost of gas, maintenance, public transport, etc. The money you save could be put to financial independence and retiring early, holidays, taking care of your family, or enjoying yourself. People with disabilities, caregivers who need a flexible schedule, or stay-at-home parents need to balance work and family. The average one-way commute time in the U.S. is 27.1 minutes, equating to nearly ten days commuting to and from work each year.
Offering remote work makes businesses more competitive
You won’t lose any of your employees if they move or during pregnancy and early motherhood. In most cases, employees are more likely to continue to work during pregnancy. Sometimes, they reduce their work hours because they have the flexibility of working from home. Owl Labs’ State of Remote Work report supports these findings, showing 26% of remote workers earning more than $100,000 per year versus 8% of on-site workers. In other words, remote employees are 2.2x more likely to make a salary over $100,00 when compared to on-site workers.
Access to opportunity is one of the most significant benefits of remote working. Remote workers have access to more job opportunities than office workers bound by geographic location. If you like living rural or in a small town, you no longer have to move to a city to get access to well-paid jobs. Leadership is crucial, but in the https://remotemode.net/ hybrid virtual model, teams (and networks of teams) also need to adopt new norms and change the way they work if they are to maintain—and improve—productivity, collaboration, and innovation. This means gathering information, devising solutions, putting new approaches into practice, and refining outcomes—and doing it all fast.
Remote Productivity
Obviously, certain industries won’t be able to adopt remote work policies. However, for positions that can be performed remotely, it’s to your company’s advantage to explore a more flexible work environment. Moreover, they’re saving vast amounts of time each week by forgoing the daily commute, which also reduces absenteeism and increases productivity.
You can even include employee profiles and social networking apps on a modern intranet, making it more desirable to use. If an employee can structure their day around their work they won’t take unnecessary time off. Getting work done around the clock is particularly important for companies with a large customer service base that needs to be online non-stop. Productivity also gets a boost with this type of arrangement, how companies benefit when employees work remotely as a second team can pick up right where the first team left off. By keeping all files, communication, and approvals in a single accessible place, companies can eliminate time lost sifting through email chains or going back and forth discussing the state of the project face-to-face. Best of all, employees can attend events in their locales, leading to new employees, clients, or press for your business.
What are the benefits of remote working for employers?
However, many remote workers skip the gossiping and posturing of the traditional work environment. During the COVID-19 pandemic, U.S. employers are saving over $30 billion per day by allowing employees to work from home. This major economic benefit of remote work could continue as more companies make it a long-term solution. The nature and needs of both employees and the business will shape upcoming decisions about remote work.