The idea of pushing valuable human resources out of the corporate nest in favor of remote working can make many business owners and hiring managers uneasy. It’s nerve-racking, trusting workers to fly off on their own and carry a company’s success with them.
If you’re one of those afraid of the recent work-at-home trend, fret not. Once you consider the following benefits of allowing your employees to work from home, you’ll wonder why you didn’t stock up on remote collaboration solutions years ago.
Remote Working = Lower Turnover
Per Owl Labs research, “Companies that support remote work have 25% lower employee turnover than companies that don't.” That number may sound manageable, but consider the cost.
According to a study cited by Employee Benefit News, the typical price of replacing an employee is about one-third of that person’s annual salary. So, if you can cut down on your turnover, you’ll be saving tens of thousands of dollars each year—millions, even, if you run a larger company.
Remote Working = Less Overhead
Add up the utilities and monthly rent payment or property taxes for your current office space. Now, imagine what you could do if a large percentage of that money shifted over to your profit line.
Allowing your workers to operate remotely and reducing your office space makes that dream a distinct possibility. Depending on what kind of business you’re running, you may even be able to stop maintaining a physical location altogether. That means more money to invest in directly profitable aspects of your company.
Remote Working = More Efficiency
In a large FlexJobs survey, 65% of respondents said that working from home actually boosts their productivity. That might surprise you, but ponder for a bit, and it makes sense.
Conditions that are easy to control or simply don’t exist in a dwelling place run rampant in an office space. At home, there are no chatty coworkers. Also, remote employees can optimize their home workspace’s noise level, temperature, and lighting for maximum comfort and efficiency. Also, if they’re stuck on a video call waiting to present, they can hit the mute button and work on something else without breaking protocol.
Remote working presents unique challenges, but the benefits can easily overshadow any such difficulties. Start reducing turnover, increasing profits, and bolstering efficiency by clicking the button below!