COVID-19 is continuing to alter the way of American life. As states begin to reopen, people wonder what will the new standard be. Business culture is experiencing a change never seen before. This pandemic proves to employers and employees that much of the work done in an office is accomplishable right from home. Will we see a shift from an office environment to remote work? We think, yes.
Working remotely can offer many benefits to both the employer and the employees.
BENEFITS FOR EMPLOYERS
1. Employee Retention
Employee retention rate is something every business wants to increase. Losing valuable employees is detrimental to any company. Some ways that remote work keep employee retention rate up is that you do not lose employees when they move. The technology available today makes it feasible for remote employees to live anywhere in the world and work for a company based in one location. Millennials and upcoming generations are changing the ideas of the typical work environment. Many newer generations want more flexibility in their jobs. Remote work is a great way to offer that.
2. Expanded Talent Pool
Hiring remote expands the pool of potential employees. A business that operates out of an office needs employees that live within a certain radius of the office. When a business implements a remote workforce, the pool of applicants becomes unlimited. With a larger pool of applicants, companies are more likely to find the person that best fits the role they are trying to fill.
3. Reduced Overhead
A completely remote workforce requires virtually no overhead costs. There is no office space costs or little to none. Having an office also comes with the responsibility and expense of having office snacks. Elimination of these costs is possible with the switch to a remote workforce. An analysis of saving done by Global and Workplace Analytics states that IBM saved $50 million in real estate costs by transitioning to a partly remote workforce.
Find more cost-saving examples here: https://globalworkplaceanalytics.com/resources/costs-benefits
BENEFITS FOR REMOTE EMPLOYEES
1. Flexible Hours
The average 9-5 business hours is not a realistic approach to maximize productivity. Every employee has different tasks and different methods to get the job done. People function best at different times of the day due to differences in energy levels and personal schedule needs. The freedom to have flexible hours also allows employees to live and travel anywhere and still get their work done.
2. Reduced Daily Expenses
Commuting can become expensive, reasonably quickly. The average commute being 27 minutes, longer if you live in a city. Commutes add mileage to your car and require frequent refills of the gas tank. Many employees also order or go out to eat for lunch while at work. These additional costs add up without employees realizing it. Therefore, working from home can diminish these additional employee costs. While working from home, employees are more likely to use the food that is already available to them. Childcare is often not necessary when working from home, either.
3. Health Benefits
With the option to eat at home, employees will generally make healthier choices. Eating the right foods also leads to an increase in brain health, which results in higher levels of productivity. A work-life balance is even more manageable while working from home. Employees get to take breaks, which allows them to come back more focused and less stressed. A break could include getting a load of laundry done or running a couple of errands. The amount of time spent with family also increases. The family also alleviates stress during the day. The less stressed an employee is, the more focused they can be.
CREG Systems is your one stop shop to assist and a transition to a remote workforce. Whether it is a complete or partial transition of a workforce, we have the tools and technicians to ensure it all goes smoothly.
Read more on our products and services to see how we can help you! https://cregsystems.com/index.php/data-wireless-networking/