As 2019 draws to a close, business owners are setting their sights onto 2020. One of the biggest business trends that is expected for the coming year is remote working. Already, nearly two-thirds of American companies have remote workers, and in 2020, experts believe that the fastest growing jobs will be those that offer remote and flexible work options.
If that’s not enough of a reason to think about offering remote working for your company, then here are some more reasons to consider switching:
Telecommuters are more productive
Perhaps the biggest and most influential reason why businesses offer remote working is because their employees are actually more productive at home than in the office. According to a study done by Stanford professor Nicholas Bloom, telecommuters decreases employee attrition by 50 percent. Why? Because instead of sitting on the couch, binging Netflix like many bosses fear, employees are actually less distracted than they would be in an office setting. The telecommuters in the study took shorter breaks, had fewer sick days, and took less time off than their office-working peers. They could also work more hours since they didn’t lose time commuting to the office.
You can save up to $11,000 each year per telecommuter
Not only are employees more productive, but you’re also saving money by having them work from home. In fact, you can save up to $11,000 each year per telecommuter by offering remote working options. This is because remote workers are simply less expensive than in-office workers. You require less office space to house them, and the software that they need is cheaper than the software you use in an office.
You have access to a larger pool of candidates
When you’re recruiting for new job positions, you’re choosing among a limited pool of applicants. In other words, you’ll only have people who live in your area, or who are willing to move to your area. With remote working, however, you can access a larger pool of candidates from across the globe. This provides you with a more diverse and talented workforce than you would have without remote working.
Employees are healthier and happier
Employees that get to work from home tend to be healthier and happier than those that work in an office. And why wouldn’t they be? They get to work from the comfort of their own home, without having to deal with an hour (or more) commute each day. Employees will also take fewer sick days since remote working allows them to do at least some work during those times.
You’re free of office politics
If there’s one thing people hate, it’s office politics. Drama, arguments, and competition are all unpleasant, but unavoidable aspects of office life. With remote working, however, you can cut down on the office politics by limiting how many people actually work in the office.
Employees are less likely to leave
According to that same Nicholas Bloom study mentioned above, over 80 percent of employees who are offered remote working options are more loyal to their company than those that are not. People with greater working options are simply happier, and that means they’re less likely to leave for other companies.
Remote working helps the environment
This may not directly impact the day-to-day operations of your company, but we all live on this planet, and we all should care about its health. In that respect, remote working is a very eco-friendly practice. It cuts down on the number of commuters, which in turn cuts down on the amount of pollutants entering the atmosphere.