Would you like to lower attrition and improve productivity? Would you like to save space and reduce overhead? Would you like access to top talent and partnerships across the globe? Would you be surprised to learn that all these goals are potential benefits of letting employees work remotely from home?
According to a 2015 poll conducted by Gallup, remote work is on the rise. In fact, the percentage of people who report telecommuting has quadrupled since 1995 to 37 percent. Whether you’re a small business, individual contributor or a large operation spread across multiple offices, states or countries, it’s impossible to ignore the telecommuting trend.
If you’re an employee making the case for remote work or a business looking for new ways to save money and improve productivity, get more details on the top three benefits of working remotely below. You may find that offering a remote work program is the perfect solution for you or your business.
Three Top Benefits of Remote Work
- Higher Productivity
Several factors impact remote performance, but one company that tested a work-from-home culture found that employees allowed to work from home were not only “happier and less likely to quit but also more productive,” completing nearly an extra workday’s worth more calls than their in-office coworkers. The company attributes the increased productivity to a less distracting, quieter environment and the fact that remote workers put in more hours since they had no commute and could focus more time on making calls. Another surprising benefit was that employees who worked from home quit at half the rate of in-office employees.
Working remotely isn’t for everyone – creative or collaborative roles may require more on-site engagement, for example – but this study discovered that in controlled cases, telecommuting can improve employee well-being, lower attrition and improve productivity.
- Decreased Costs
The results of the study above actually surprised the company who conducted it. Originally, they assumed the greatest benefit of letting employees work remotely would be decreased costs on space and furniture – not increased productivity. The great news is that establishing a remote work program can lead to both better performance and lower costs and, therefore, greater profits.
Companies that allow employees to work from home can spend less money on real estate, office supplies, furniture, equipment, technology, electricity and cleaning costs. At the same time, remote employees reduce their personal commuting costs and are free to spend more time actually working. The result? Both employees and businesses can save money by establishing a remote work program.
- A Wider Talent Pool
The internet has revolutionized human communication, collaboration and connection. Wherever your business is physically located, a remote work program gives you access to a global talent pool. Without one, your company could see less competitive advantage when it comes to attracting and retaining the talented workers who increasingly want remote work opportunities, flexible scheduling options, and a greater work-life balance.
As a business owner or manager, you may hesitate to allow employees to work remotely from home. You might assume they’ll slack off or that you won’t have enough oversight. However, there are tangible advantages of giving people more control of their working life – both from an employee’s perspective and from a business perspective.
If you’ve been considering working remotely or starting a telecommuting program for your employees, use the three benefits outlined above to support your case. Then, check out our post on seven ways to increase productivity to learn more strategies that could boost your performance.