As businesses grow, so does the risk of managerial oversight. Thus, traditional companies tend to stray from work-from-home opportunities despite the apparent benefits they provide. If you’re keen on hiring a talented staff with geographical restrictions, don’t forgo the opportunity. A digital career can be just as rewarding as an office job—the more open you are to providing it for your employees, the higher the outcome of your business operations. Here’s why.
Workers Remain Connected
Long gone are the days of an “IT guy” when employees can communicate with a single device and Wi-Fi connection. In most cases, your employees won’t even have to pick up a phone, a process that takes significantly longer than an IM. Nowadays, a laptop or desktop, smartphone, Internet connection, and desk make for the standard home office setup.
Workers Are More Productive
Though seemingly counterintuitive, remote workers tend to be more productive than their on-site counterparts. Without the daily distractions of water cooler conversations and trips to the meeting room, 53% of remote workers find themselves more willing to chalk up some overtime.
Not to mention, some employees find a 9-to-5 schedule less motivating than being able to dictate their workflow. Allowing your workers to adhere to a less conventional work clock doesn’t mean eliminating the need for deadlines—they can simply adjust according to the work you assign.
Your Business Saves Money
Through telecommunications, businesses can save up to $10,000 on a single employee. If you’re managing a 20 to a 30-person team, the financial benefits you harvest with remote work are unimaginable.
Though you may have to invest in capital for new systems and collaborative tools, your initial expenses will pale in comparison to your long-term savings.
Greater Access to Global Talent
Forcing employees to commute to work doesn’t only take a toll on their everyday finances—it also restricts your access to global talent. If you’re not coming across any star power within your geographic location, you might be able to find an engineer or software developer elsewhere. Similarly, if you’re on a budget and need to hire an expert at a fraction of the cost you’d shell out locally, hiring a remote worker can do wonders for your accounts.
Reduced Employee Turnover
Replacing an employee isn’t merely a cycle of firing-and-hiring. You’re also at crossroads with the two-thirds of employees who would choose to switch career tracks if it meant having a more comfortable commute. If, for instance, you lose an employee making $50,000 a year, it can hack off 20% of your budget just to find a suitable replacement.
If you’re looking to fill a spot that requires high levels of education and training, turnover costs are even higher. Hence, employers who allow remote work set-ups get to retain their top talent and increase their overall retention rates.
Conclusion
Skyrocketing rental rates, lengthy commutes, utility bills, furniture, and hardware are all just a few culprits in a plummeting traditional workspace. When a job is accessible to everyone, a positive work environment is inevitable—you may even be able to save a crumbling business.
With WFH Pad, work from home vacancies are plentiful. Whether an employer or employee, the opportunities are boundless—and you won’t even have to leave your home office. Ask us how!