4 Reasons Why Remote Work is Better for Companies

The development of the remote workforce shows no signs of slowing down. Owl Labs conducted a survey and found that 16% of global companies are now completely remote and 52% of employees worldwide work from home at least one day a week.

Although there are challenges associated with recruiting and organizing remote workers, in reality, working with a remote team may be one of the best decisions you can make for your business. The main advantage of the remote workers is that a remote worker can work remotely and be a digital nomad.

There are also other benefits worth exploring, which have been proven by numerous studies and research. Consider the following;

Remote workers are more productive

Teams in remote locations can do more in less time, so they can start new projects, spend more time on what works, and ultimately improve your bottom line.

There are a few sensible aspects to this. Remote workers are usually more productive because:

• They don't have to commute to work
• They can finish their work in their own time
• They will not be distracted by their colleagues
• They can take breaks when they need to
• Their schedule is more flexible
• They're self-motivated

In addition, according to a study by the University of Illinois, teleworkers tend to go beyond their duty to be good citizens and give a little extra to the companies they work for.

They can draw from a larger talent pool

If your business is focused on your location, you will be somewhat limited in who you can hire. Sure, you could convince some people to move to your office, but that won't work for every potential employee. In most cases, you will draw on the local talent pool.

Remote workers will change all that if you open up globally. You can hire people from countries like Canada, the US, the UK and Australia. Not only will they be open to applications from all over the world, but they will also be able to attract even more talent.Recent survey found that 68% of millennials would be more inclined to prefer a potential company if distance working was an option.

Remote working also helps to improve employee retention by 10% so you can retain more of your top talent longer.

You will be able to reduce costs

You do not have to rent office space to be in business. There are certain advantages in gathering your whole team in one room, but your costs would also increase. Remote teams can move the needle significantly in the opposite direction.

According to PGi, the average real estate savings with full-time teleworkers is $10,000 per employee per year. Insurance giant Aetna has eliminated 2.7 million square feet of office space, saving $78 million per year. The cost savings from teleworkers alone are a huge payoff.

Remote workers are healthier

Numerous studies and research studies show that certain aspects of in-house work have negative effects on mental and physical well-being, which can be alleviated or reduced by distance working.

In the United Kingdom, workers spend an average of 58 minutes on the way to work. Commuting time has been associated with higher blood pressure and negative mood at work. Remote working eliminates the need to commute and the negative effects associated with it.

The benefits do not simply end with the elimination of commuting. Overall stress in the workplace is significantly reduced as 82% of remote workers report lower stress levels, and over 3000 workers were surveyed by FlexJobs who found that 77% of respondents would be healthier if they had a flexible workplace and 86% would be less stressed.

Remote workers can be happier and healthier, and the consequences can have a positive impact on your business.

Concluding remarks

A remote team can be just as effective, if not more effective, than a local, internal team. Although it requires some coordination, it allows everyone more flexibility, which can help your team maintain a healthy work/life balance. The overall benefits for your company and your employees are obvious.

Also Read: How to help remote employees to feel part of the team