What Does Remote Work Really Bring to “You”?
The benefits of remote work will vary among people. In my case, remote work has given me the flexibility I crave and the feeling that I can achieve more than I ever thought possible in my career. Without being constrained by location, I can make ambitious choices.
But that’s just me. From saving money to time, there are many benefits that come from working remotely. In general, work-from-home jobs offer even more.
Before the Covid-19 pandemic, remote had been gaining traction. But the outbreak accelerated the trend.
Upwork says that 42% of Americans will remain remote, with 22% (36.2 million) in a full-remote position by 2025. That’s an 87% increase compared to pre-pandemic data!
It’s clear: remote work is not a fad. Employers must adapt their workplace policies to accommodate remote work. But what is in it for the employer? We discuss this and more below.
💡 Want to know more about remote work? Read our complete guide about it by clicking here.
Benefits of Remote Work for Employers
1. Higher Profit Margins
Research shows that companies employing remote workforce earn more than those who don’t. Data reveal that companies save around $11.000 yearly per remote worker – a 21% profit increase.
When employees work from home, employers can save on office space expenses, including rent, utilities, supplies, and maintenance. These cost savings can significantly improve the company’s bottom line.
Businesses can also maintain operations during unforeseen circumstances, such as natural disasters or public health crises. As a result, work can continue despite disruptions because employees can access applications and data from anywhere.
2. Access to a Larger Talent Pool
Fully remote companies have access to a broader talent pool. This means they can hire the best talent from anywhere in the world, regardless of location.
These remote-friendly organizations no longer have to make do with local talents that don’t fit their provisions. For instance, if a company has a limited budget for a particular role, candidates in their location with a high cost of living might not be the best choice.
But with access to more options regardless of location, they can take their time to find one that meets these requirements.
In short, remote work offers employers a competitive advantage in talent acquisition and retention.
3. Increased Employee Productivity
The biggest concern for most employers is how remote work will affect output. But, studies show remote workers are actually more productive.
Over nine months, Stanford’s study of 16,000 workers found that working from home increased productivity by 13%. The increase in performance resulted from a quieter, more convenient working environment and more minutes per shift. This was due to fewer breaks and sick days.
Remote employees also have flexible schedules, meaning they can work during their most productive periods. This can result in higher quality work and faster completion times.
4. Lower Employee Turnover
Forbes says there is a 12% reduction in turnover after a remote work agreement is offered. This is because 54% of employees say they would switch jobs if they had more flexibility.
When employees are given the flexibility to work from home, they are more likely to feel valued and trusted by their employer. This can lead to a greater sense of job satisfaction and loyalty.
Also, remote work can help employees achieve a better work-life balance, which is a significant factor in employee retention. It reduces stress and improves well-being by eliminating the daily commute.
5. Teams’ Satisfaction
Team satisfaction is the core goal of any company. An Owl Labs survey revealed that over 71% of virtual teams are more satisfied than on-site teams. And this data is accurate for both employees and employers.
It is also unsurprising because remote work can foster better communication and collaboration among team members.
With the help of technology, remote teams can easily share information and ideas, leading to more efficient and effective teamwork. This can also lead to greater camaraderie among team members, even if they are not physically together.
6. Lack of Absenteeism
As mentioned, remote professionals are more satisfied and engaged with their teams. Work-from-home employees tend not to call for sick days, increasing the company’s efficiency—data record 41% lower absenteeism for remote workers, which maximizes businesses’ performance and improves teamwork.
7. Reduced Carbon Footprint
One significant lesson from the pandemic is that we must care for the planet. A remote policy helps to achieve that.
With fewer employees commuting to work, there is a reduction in carbon emissions and traffic congestion. This can lead to a cleaner and healthier environment, which benefits everyone.
Also, remote work can help companies reduce their carbon footprint by decreasing the need for office space and energy consumption. By embracing remote work, businesses can contribute to a more sustainable future while enjoying its many benefits.
Moreover, McKinsey & Company found that 66% of all respondents and 75% of millennials consider sustainability before purchasing. Today’s customers align themselves with brands that share their values and priorities. So, it’s a win-win for all parties.
8. A Diverse Workforce
By removing geographical barriers, employers can tap into a wider pool of talent from different backgrounds and cultures. This can lead to a more inclusive workplace that values diversity and promotes creativity.
Virtual work can also provide opportunities for individuals with disabilities or caregiving responsibilities to participate in the workforce. Embracing telecommuting can lead to a more equitable and accessible workplace for everyone.
Besides, companies with diverse leadership teams are 70% more likely to capture new markets, according to the Harvard Business Review. The study also revealed that these organizations are 45% more likely than companies without diverse teams to report increased market share.
Essential Benefits of Remote Work for Employees
9. Flexibility in Work Hours and Location
Remote employees can create their own work schedules, accommodating personal commitments, preferences, and peak productivity times. This flexibility enables employees to balance their work and personal lives more effectively.
Working remotely also means they can work from anywhere with an internet connection, such as in their home office, co-working spaces, or even while traveling.
For instance, employees with spouses who need to move around frequently or are caregivers for family members can more easily balance their work and personal lives.
10. Improved Work-Life Balance
Working remotely allows employees to manage their personal and professional lives more effectively.
With no commute, employees can use that time to exercise, spend time with family, or pursue hobbies. This can lead to a better work-life balance, which reduces stress and improves overall well-being.
Zippia reports that 75% of employees believe they have a better work-life balance working remotely. Another 57% say it has reduced their stress levels.
11. Customized Work Environment
Employees can create customized work areas that suit their needs and preferences. This can lead to increased job satisfaction and performance.
For instance, employees who work from home can choose a workspace that is comfortable and conducive to their work style.
They can personalize their workspace with decorations, lighting, and furniture that suit their taste. This can help them feel more relaxed and focused while working, leading to better performance.
Moreover, remote professionals can control their work environment’s noise level, temperature, and lighting, impacting their concentration and mood.
They can also take breaks to recharge or attend to personal matters without worrying about disturbing colleagues or being judged.
12. Time and Cost Savings on Commuting
On average, Americans take 52.2 minutes to commute to and from work each day. In just a week, people travel for 4.35 hours.
However, in many areas of the country, conditions are even worse. That’s time they can spend doing other things, like working, reading, or spending time with their families.
According to data by Clever Real Estate, US commuters spend approximately $8,466 on their commute yearly — nearly 19% of their annual income. Based on the same report, commuters spend an average of $867 on fuel and $410 on vehicle maintenance yearly.
The advantage of working remotely is that employees can live in less expensive areas, saving them money on their commute.
✅ Want to work remotely and enjoy these and other benefits? Check out our post about companies that offer remote opportunities and also amazing privileges and bonuses.
13. Increased Focus and Productivity
Compared with their office counterparts, teleworkers are 35-40% more productive and have measured a 4.4% increase in output.
With no office distractions, such as chatty colleagues or unnecessary meetings, remote workers can concentrate better on their tasks. They can also create a work environment that suits their preferences, increasing job satisfaction and performance.
Moreover, remote professionals can customize their work schedules to peak times, allowing them to complete tasks more efficiently. They can also take breaks when needed to recharge and avoid burnout.
14. Opportunities for Professional Development
Working virtually also offers employees opportunities for professional development.
With the ability to work from anywhere, employees can access a broader range of job opportunities and connect with professionals from different locations and backgrounds. This can increase knowledge sharing, skill development, and career growth.
People who work virtually can attend virtual conferences, webinars, and training sessions without needing to travel or take time off work.
As a result, they stay up-to-date with industry trends and best practices, enhancing their value to their employers.
15. Healthier Lifestyle Choices
Working remotely can lead to healthier lifestyle choices. Employees can prioritize their physical and mental health with more control over their work areas and schedule.
They can take breaks to exercise, prepare healthy meals, or practice mindfulness. This can reduce stress levels, improve sleep quality, and improve overall health.
According to a ConnectSolutions survey, 45% of remote professionals sleep more, 35% exercise more, and 42% eat healthier than on-site employees.
Also, remote professionals can avoid exposure to illnesses that may spread in a traditional office environment.
Virtual workers can benefit from reduced healthcare costs and increased employee engagement by promoting a healthy lifestyle.
16. Greater Job Satisfaction
In a study titled People at Work 2022: A Global Workforce View, researchers found that people who work from home are generally more optimistic (89%) than their on-premises counterparts (77%) and more satisfied with their jobs (90%) than their commuter counterparts (82%).).
Employees who work from home have more control over their work surroundings, schedule, and workload. This autonomy can lead to greater ownership and pride in their work.
Moreover, remote professionals can avoid office politics and conflicts, creating a more positive work experience. They can also enjoy a better work-life balance, increasing happiness and well-being.
17. Increased Autonomy and Self-discipline
Working remotely also requires a certain level of autonomy and self-discipline.
Without the physical presence of a supervisor, remote employees must be accountable for their own output and time management. This can lead to increased self-awareness and personal growth.
Remote professionals must also have excellent communication skills to ensure they meet their goals and collaborate effectively with their team members.
As a result, they will have improved interpersonal skills and a better understanding of how to work with others in a virtual environment.
Note: How can you know if remote work is for you? Check our list of skills you must have to be successful as a remote worker.
Quick Tips for Employers and Employees Working Remotely
- Set clear expectations: Communicate goals, deadlines, and expectations for remote employees to ensure everyone is on the same page.
- Emphasize communication: Encourage open and regular communication through video conferencing, chat apps, and email.
- Provide necessary tools and resources: Equip employees with the appropriate hardware, software, and access to company resources to work effectively.
- Be flexible: Understand that remote employees may have different schedules and allow for flexibility in working hours when possible.
- Foster team collaboration: Create opportunities for team members to collaborate, share ideas, and work on projects.
- Support work-life balance: Encourage employees to set boundaries between work and personal life and promote a healthy balance.
- Create a dedicated workspace: Set up a comfortable and organized workspace to minimize distractions and maintain focus.
- Establish a routine: Develop a daily routine to maintain consistency and structure in your workday.
- Set boundaries: Separate work and personal life by setting specific work hours and taking breaks when needed.
- Prioritize tasks and manage time: Use productivity techniques like to-do lists, time blocking, and the Pomodoro Technique to stay on track.
- Communicate proactively: Regularly update your team on your progress, ask questions, and share ideas to stay connected.
- Focus on self-care: Prioritize physical and mental well-being by taking breaks, exercising, and staying socially connected outside work.
💪🏻 Take action: If you feel ready, you can start looking for a remote job opportunity today! First step? Reading our step-by-step guide on how to get a remote job.
Enjoy the Perks of Remote Work
Remote work will remain a staple of the workplace.
In the years before the pandemic, about 5% of full-time work was done at home. Within a few days of the outbreak, that number increased to more than 60%. According to experts, that’s about 40 years of growth before the pandemic.
So employers and employees must adapt to what is the new normal. Understanding the advantages of remote work is a good place to start.