The last five or so years were all about remote work. What probably started as a simple trend is now the to-go option of many businesses and companies that want to diversify their workforce.
In fact, we have companies like Amazon and even Microsoft who allow employees to work remotely or have a couple of days per month when they can do so. Given this, more and more entities approach this so-called remote workforce.
But why do they do so? Are remote employees better for business? Well, labor attorneys will agree with this because such employees are easier to manage/ handle. Let’s now look at four other reasons why a remote workforce is so popular now!
Increased Productivity and Stability
Several studies showed that remote workers could, in fact, perform better when compared to office workers. Why? Well, surprisingly – because remote employees don’t use as many sick leaves, and they also take shorter breaks when they actually take them.
On top of that, remote employees claim that they are happier when working from home and are not so inclined to quit the job. Still, some did mention that remote working can get lonely at times, especially for those who have a personality that requires them to be around people.
Saving Money on Utilities and Real Estate
A business will profit via remote workforce mainly because it won’t have utilities and real estate to consider. Just a couple of employees means that you don’t need a big office – and a fully remote workforce means that you don’t need offices at all.
For example, American Express is known to save roughly $15 million per year in real estate costs, thanks to its remote workforce. Moreover, businesses also save money on utilities like trash, recycling, paper, and so on. The initial costs of such utilities may not be high, but in the long-term will save you a fortune in business costs.
Access to Skilled Employees
Depending on where you live, you may not have access to good employees in your business’ area of activity. Relying on a remote workforce allows you to outsource employees and hire those with experience and with the ideal skills for the job.
Furthermore, statistics show that hiring a local employee to work in an office usually costs you 10% up to 50% more than a remote employee living in a location with a low cost of living.
First, we have to mention that several studies showed that long commutes are related to higher blood pressure, as well as to negative mood. As such, a remote workforce is overall healthier and happier than the people forced to work in an office every single day.
Moreover, stress is reportedly reduced with 82% for remote workers, and, surprisingly, almost 80% of people stated that they’d live and be healthier with a remote or flexible job.
The Bottom Line
As you can see, a remote workforce comes with more than just a couple of benefits.
Probably the most important thing is that your employees will be happy, stress-free, and more productive than usual. Then, you’ll also see your business prosper as it doesn’t have any utilities or real estate fees/ costs to take into account!