In a technology-driven economy like ours, implementing flexible working hours is becoming a necessity. According to a survey, over 83% of employees reported that flexible working hours boosted their productivity.
It is even more interesting, as business owners can also attest to the fact mentioned above. A similar survey revealed that 61% of business owners believed that telecommuting helped increase their company’s profit.
If the statistics are right, experts predict that in 2020, one in every three people will be hired to work remotely. Companies that support a flexible working model will boost employee retention rates by more than 10%.
Below are some of the benefits that come with remote work. You might want to consider implementing such a work model in your business. Let us dive right into it.
Increased Employee Productivity
This fact should be a no brainer as research has shown that remote workers are eating healthier, getting more sleep time, and are more physically active. It is also worth mentioning that they also get to spend more time with family and friends, and even have lower stress levels when compared to office workers.
Eventually, all of this can lead to a more positive attitude toward work, thereby increasing productivity.
Reduced Costs of Running Your Business
Let us take an insurance company Aetna as an example. According to reports, Aetna was able to save a total of $78 million due to cutting costs on 2.7 million square feet of office space and opting for a remote work model. We can all agree that is a lot of money saved.
Besides, over 76% of remote workers report that their employers do not pay for co-working spaces or the internet.
All this points to the fact that your business can save a significant sum of operating costs when you go remote.
Access to Skilled Workers Outside Your Local Area
Remote work also allows you to employ competent workers from different cities or even countries, without having to bother with covering their commuting expenses, accommodation, and similar.
You can save a significant amount of money, and you also get the opportunity to employ a more skilled workforce, without being restricted to your geographical location.
If you want to find out more about remote work, check out the following infographic.
Infographic URL: https://goremotely.net/blog/
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