Working remotely has become one of the most sought-after employees’ goals in the past years. In fact, many people now prefer to work from home.
There are dozens of benefits of working from home for employees from a better work-life balance to less stress. However, there are also benefits for companies. The article will be focused on this topic. Whether you’re an employer thinking to move your business to a fully-remote one or an employee wondering the differences between working remotely and at the office, you’ll discover more here.
A report from Buffer, Workfrom, and Hubstaff revealed that 9 out of 10 workers plan to work remotely for the rest of their careers. So what’s so good about working remotely for employees? And how does it translate to benefiting the employers? Read further to know the full details.
Benefits of Working Remotely- Better work-life balance
A better work-life balance is the aim of many employees, and working remotely can greatly help them get it. In a world where commuting at work is near necessary and family time can get very limited, we can only understand where employees are coming from.
Following a survey from Flexjobs, 54% of surveyed remote workers responded that their work-life balance was great or very good. However, on the other hand, only 29% of office workers selected the same answer. In addition, the same report revealed that 21% of remote employees are currently stressed due to their work-life balance. But 43% of their on-site colleagues reported the same.
Other than that, being more flexible at work allows members of staff to have more control over their personal life. Not only will they have more freedom to organize private activities such as exercising and going for a coffee with friends, but they will also be more likely to get ready for their shift ahead of time.
Needless to say, it is a massive benefit for employers as well. The more free time employees have, the better it will reflect on their professional life.
No More Commuting
We previously talked about commuting to work for on-site employees. Well, this is something that remote employees don’t have to go through. In fact, commuting is essentially time wasted and can even lead to health risks.
A study from the U.S. Census Bureau reported that the average American employee spends on average 27 minutes commuting to work every single day and this, for one way only. That means that, on average, on-site workers waste nearly 1 hour of their time in their car or public transportation.
The same study shares that 8% of Americans commute 1 hour or more.
Working remotely is a great solution to stop commuting to work. Employees can use that daily hour to sleep more, working more during the day, or learning new skills. Needless to say, it is one of the greatest benefits of working remotely for employees and employers.
Being a remote employee promotes employee well-being
Our own well-being is one of the most important factors in the corporate world. Whether you’re an employee or an employer, remaining healthy is essential for both your private and professional life.
First of all, employees working remotely or from home tend to call in sick less. This is either due to germs in an office environment, exchange with sick people while commuting, and more.
The Remote Work Survey by Indeed revealed that 56% of employees claim that working remotely reduces absences at work and 50% said that it would reduce their sick days.
Also, a survey by Owl Labs shared that 80% of employees agree that working remotely would make them feel less stressed. Needless to say, this is quite an impressive number that we must all think about.
Last but not least, employees working remotely have more time to exercise and take in more fresh air, which certainly helps in improving their overall well-being.
Fewer Distractions – More Productivity
Distractions are some of the worst things in business that can ruin trust, increase downtime at work, and damage the relationship between employees and their employers. Most employers think that, if they don’t see their staff working, they actually aren’t. However, working remotely can highly increase productivity at work.
According to Flexjobs’ Annual Survey, 65% of respondent employees claim to be more productive when working remotely than at the office.
Other than that, employees are more likely to show productivity when working from home rather than the office. Distractions at the office can kill productivity. In fact, talking with colleagues, wasting time at the coffee machine, and getting lost in office politics are only some of the few examples of how easy it is to decrease productivity.
To sum this up, working remotely will allow employees to be more productive, avoid distractions, and decrease their downtime. On the other hand, it is one of the greatest benefits for employers to grow their business with loyal employees.
Miriam Herst, Beauty Editor at All Things Hair US once shared her experience of productivity at work. She said “I take a walk in the park for some fresh air. I come back to my workstation refreshed and reenergized. It’s my best tip to remain productive while working from home!”.
Both Employers and Employees Save Money
Saving money is one of the most attractive sides as an employee but also as an employer. Why do we think that working remotely is a good cost-effective solution for both employees and employers? For several reasons.
First of all, remote workers don’t need to spend/waste money on commuting costs. Think about the amount of money that goes into their car, highway costs, coffee on the road, and more.
The State of Telecommuting by Flexjobs revealed that, people with remote jobs earn more than people who are full time employed.
Secondly, working from home highly benefits companies. In fact, having employees working at the office does lead to high costs such as rent, computer equipment, comfortable chairs, air conditioning costs, and so forth. Being an employer with remote employees will help you save lots of money
Moreover, the State of Remote 2020 by Buffer covered this exact topic. 80% of remote employee’s state that their company does not pay for their home internet. On the other hand, 15% claim that their organization does pay for it, and only 5% partially pays for it.
The same study reports that 72% of companies do not cover any co-working space membership. In fact, only 22% of companies pay for their employees’ co-working space, and 6% partially do.
Last but not least, it is essential to include profitability in this topic.
A study by Global Place Analytics revealed that organizations manage to save $11,000 per year for each part-time commuter. This translated to 21% higher profitability. In other words, letting members of staff work remotely is a massive financial benefit for both employees and employers.
Flexible Schedule – Opportunity to Work from Anywhere
We finally get to one of the biggest advantages of working remotely for employees, having a flexible schedule. This is actually the number one benefit that employees see to working from home.
The State of Remote 2020 by Buffer that we previously mentioned shared some interesting statistics. They report that 32% of remote employees see the ability to have a flexible schedule as being the biggest benefit. Needless to say, it is a massive advantage on the employer’s side as well.
In addition, 26% of respondents shared that the biggest benefit to having a remote job is to have the chance to work from anywhere. While this might involve dealing with different time zones and other issues, it is still an important side of the business to keep in mind.
Last but not least, many companies are implementing this system since it does attract many more candidates. A survey by USA Today and LinkedIn came up with interesting statistics. They shared that 44% of companies are allowing employees to have a more flexible schedule to make their professional lives more pleasant. On top of that, 26% of companies are allowing their members of staff to work remotely and that is an important fact to take note of.
To conclude, having a more flexible schedule is one of the biggest benefits of working remotely for employees and employers that all businesses should take into consideration.
It’s nothing new that most employees want to be able to work remotely or from home. In fact, some of them would even accept to earn less money if they could work remotely. Whether employees want to work from home or become digital nomads, it is a great benefit for them and will certainly make them love your brand more.
On the other hand, retention is something that most companies strive for. Having loyal employees is the ultimate reward and triggers more motivation, productivity, and will advertise your brand and the way you treat them. Needless to say, that benefits both your management team but also your reputation.
We mentioned previously that some employees are ready to take a salary cut for working remotely. A study by Mom Corps revealed that 42% of workers, or more than 2 out of 5 employees, would give up a small percentage of their salary to have more flexibility. In addition, employees aged 18-34 would be willing to give up more than 10% of their salary for the same reason, regardless of whether the unemployment rate is higher for that age range.
Moreover, the State of Remote Work from Owl Labs shared that 81% of surveyed workers responded that having the ability to work from home would make them more likely to recommend the company they work for to their friend.
Wider Agent Pool – More Talents
A wider agent pool means having more talent opportunities and having the ability to select nationwide candidates rather than only in a city. Obviously, this translates to hiring the absolute best candidates in a country and that is definitely a massive benefit for employers.
If your company is flexible enough, you can hire candidates from all around the world. Needless to say, in this case, you would be able to recruit some of the best talents you could ever want. In addition, some employees might not be able to get to the office.
For instance, there is a large number of single mom candidates that need to stay home but that are qualified and have a lot of experience. These single moms can’t travel to the office but could benefit employers in an incredible way.
Another example would be people with mobility issues that aren’t able to drive or walk to the office. First, these people deserve a chance, and second, they might be very experienced and help a company grow even better than someone at the office.
In conclusion, there are a lot of talents in your country but also internationally that are waiting to be hired and employers could take advantage of it making them work from home.
Stress has been one of the biggest challenges at work for many years and can highly impact your employees’ professional and private life. Stress will make a negative impact on their productivity and health, and a bad influence on the employer’s point of view.
According to Flexjobs’ Work-Life- Relationship survey, 86% of respondent workers claim that a remote job would help to reduce their stress, while 89% state that they will be more able to take care of themselves.
But this doesn’t end here. In fact, being less stressed has been a benefit of working remotely for a long time. Back in 2011, a study by Staples revealed that employees who work remotely are 25% less stressed than their on-site colleagues.
To wrap this up, members of staff being less stressed is one of the massive benefits of working remotely for employees and employers.
Benefits of Working Remotely – The Bottom Line
These were the 9 biggest benefits of working from home for employees and employers. While there are some challenges to it, remote workers are in general happier, more productive, and healthier, and that’s mostly what the average employee wants.
Now, some essential points to add would be for companies to get prepared to onboard remote employees, set up online training, and start a successful working relationship.
The first step in getting your business more futuristic and building a better reputation is to start allowing employees to work from home. Employees from famous brand like google for example granted their employees to work from home during this covid outbreak.
To conclude this article, we highly recommend employers to start recruiting remote employees and get their organization to the next level. From having a better work-life balance to being more productive and having a more flexible schedule, the benefits are many.