More and more companies are beginning to accommodate telecommuters – for a variety of reasons. There are many benefits to an employer in hiring remote workers, perhaps the biggest being the major savings on renting high-priced office space and the ability to widen the recruitment net. Employers are also realising there are much more benefits than saving a few bucks and having easier access to specific skillsets; They’re realising that the many benefits that an employee receives from telecommuting, leads to a happier and more productive member of staff.
What are these benefits and why should you think of allowing more people the option of telecommuting? Below are 5 big benefits an employee receives from remote working and how that can have a positive impact on your business. If you’re worried about potential downfalls in this kind of work, weigh up your fears against the pro’s in this article and decide at the end if it’s something you should consider for the overall growth and success of your company.
Work / Life Balance
With the time saved on travelling in and out of the office and less distractions at home (Businesses lose $600 billion a year in workplace distractions), remote workers find it much easier to experience a great balance between work and life. Not getting this right can lead to a worker starting to resent their place of work from eating into their valuable ‘down-time’.
Save on Travel
With increasing costs on running a car and public transportation, commuting in and out of the office can cost an employee a serious amount of money – especially if it’s in and out of large cities. There are no days where a breakdown delays someone getting into the office, or public transportation strikes that can be a nightmare to navigate. It’s also great for the environment, which is another important bonus!
Avoiding hectic commutes and enjoying a healthy work-life balance is a major factor in stress reduction. This means an employee will take less sick-days, work more productively and actually save the company money if they have a health insurance benefit system. 78% of employees who call in sick, aren’t really sick. They do so because of family issues, personal needs, and stress.
When remote working incorporates flexible hours, it leads to even more benefits for an employee and for an employer. Say you’re focussed on sales for example, The lead response management study conducted over 3 years, identified that the best times to make qualifying lead calls are between 8-9am and 4-5pm. Take that first time slot for example, most people don’t even start work at that time! If a remote worker starts earlier in order to make a school run later, both parties are going to end up benefitting.
Increased Job Satisfaction
8 out of 10 remote workers cite working from home leads to increased job satisfaction. With the perks mentioned above, along with many more, employees are much happier, more engaged and much less likely to look for another job. This is a major factor when we consider that employee retention is becoming more of an issue in highly sought after fields, such as IT and development for example.
*Other Things To Keep In Mind:
- People are sick of the rat-race, eager to take control of their lives, and desperate to find a balance between work and life.
- Two-thirds of people want to work from home.
- 36% would choose it over a pay raise.
- A poll of 1,500 technology professionals revealed that 37% would take a pay cut of 10% if they could work from home.
- Gen Y’ers are more difficult to recruit (as reported by 56% of hiring managers) and to retain (as reported by 64% of hiring managers), but they are particularly attracted to flexible work arrangements (rating among benefits as an 8 on a 10 scale for impact on overall job satisfaction).
- 80% of employees consider telework a job perk.
Journal of Applied Communication Research | Volume 38, Issue 4, 2010: Why Teleworkers are More Satisfied with Their Jobs