Remote work has long been considered as an amusing oddity by organizations and working professionals. Murky perceptions about employee productivity and company regulations have mostly downsized the transformative power of remote work, until now. According to a Global Workforce Analytics study, remote work has risen by 115% since 2005. To put in simple words, remote working is no longer just a perk, it is a growing global industry.
More and more organizations are realizing the rewards of expanding their talent pool and hiring reach beyond their local demographic. The potential of remote work is such that companies can leverage their remote workforce to dominate the market. In the last two years, LinkedIn has seen a 78% increase in jobs that advertise “flexible work arrangements”. This suggests that employees are equally eager to be part of easy-going work culture.
Advocates of remote working cite benefits to not only employees but to businesses and the environment. Here’s a summary of 4 positive attributes that make remote work such an appealing prospect for digital nomads and their employers:
BUSINESSES SEE BENEFITS TO THEIR PRODUCTIVITY & BOTTOM LINE
The biggest benefit to employers is that they can downsize their office space. 60% of businesses believe that cost savings are a motivation in having a remote workforce. Depending on the size of the business, companies can save up to $2,000 per employee in reduced office space.
Elusive ideas about work productivity have time and again scaled back the influence of remote work. Here is an overview of some figures that establish how effective remote work actually is:
- 57% of workers feel they are more productive while working remotely. This could be in part to so many offices with open floor plans.
- In China, researchers studied remote workers and traditional workers. At the end of the study period, the remote workers had gained the equivalent of an entire day’s worth of productivity.
- AT&T remote workers work on average 5 more hours weekly than when they are not remote.
- American Express remote workers produced 43% more than their traditional workers.
This shows that offering employees the choice of where they work leads to higher morale.
WORKERS SEE IMPROVED WORK/LIFE BALANCE
In the State of Remote Work 2019, 40% of respondents said that a flexible schedule was their greatest benefit, followed by working from any location (14%), family time (13%), and working from home (3%). Many people stated that being able to block their work in chunks around things such as picking up their kids from school is a huge benefit. And, the best part about it? You can wear whatever you like and spend less on business attire.
Remote working gives workers the capability to live anywhere and use their time to travel more. 44% of remote workers stated they travel while working between one week to one month out of each year. Employees enjoy little to no transportation expenses involved with work.
TALENT ACQUISITION AND RETENTION MADE EASY
Research conducted by CityAM indicated that 24% of workers would change jobs if they had the promise of working remotely. Hiring managers believe being able to hire remote workers lets them find more talented staff. In fact, 55% of hiring managers state that full-time remote work is becoming more and more common.
Millennials are especially very interested in remote work possibilities, with 68% stating that the option would “greatly increase their interest in a job”. The convenience of technology has proved that work-at-home agents can be hired solely based on skill and proficiency. Companies have used this mutually beneficial model to build trust and brand loyalty. In support, nearly 79% of workers say the option to work remotely would make them more loyal.
By eliminating commutes, carbon emissions are drastically reduced. Not commuting for even half a week each week could reduce greenhouse gasses by 54 million tons every year! Paper, electricity, and heating make up for a huge chunk of office expenses and a flexible remote work policy cuts this cost to a substantial level.
HARNESS THE FULL POTENTIAL OF YOUR REMOTE WORKFORCE THROUGH REMOTEDESK
Remote work has seen promising progress over the years and by 2020, almost 36% of the Gen Z workforce will be working remotely! The drastic shift in employee preferences hasn’t come as a compromise for businesses. In reality, employers are reaping the benefits of deploying a remote workforce in the form of increased productivity and happiness. Remotedesk facilitates just that by preventing malicious insider breaches and delivering a “Clean Desk” environment for remote work. Remotedesk is an AI-based solution that securely identifies and safeguards the privacy of a work-from-home agent. With Remotedesk, you can effectively monitor your employees for policy compliance and make sure that the productivity curve keeps climbing.