This means they will be able to communicate with clients that are also using the latest technology. Exposing the... My Employee Asked to Work Remote … Should I Allow it. This is because they can lease smaller offices while having fewer overheads, such as power, heating, and water. Employees aren’t the only ones who benefit from working from home; a company can benefit just as greatly from a remote employee. Employers and workers laud the benefits of remote work like cost savings on rent and utilities, less time spent commuting, and greater flexibility to organize their day. Casey Halloran’s travel agency Costa Rican Vacations experienced a few challenges with communication after going fully remote because of the pandemic. For companies that pride themselves on inviting employees to bring their full selves to work, this may mean showing leniency with grace when an employee can’t make a mandatory meeting because of difficulty securing childcare. In order to retain and attract talent, companies are feeling the pressure to go remote. A Primer for Small Businesses. Remote employees tend to be happier than office employees because they have greater autonomy over their days. Are you an email company or an intra-office messenger company? An office will not be able to accommodate all the different preferences. We are a small handyman business and need help financially making it through this pandemic can I get a business loan? Probably because you don't use Zenefits They are wrong. SMEs with a relatively small number of staff compared to a large corporation need to be as agile as possible in order to compete in the marketplace. Remote work equals an increase in productivity. But what about the benefits to you as the business owner?. Benefits of Remote Working for Employees and Employers. Telecommuting can limit absenteeism, increase productivity and save money. And more and more of us – freelancers and small business owners included – are doing it, especially as larger companies realise the benefits involved. Work Anytime and Anywhere. Sometimes called telecommuting, it helps companies cut overhead costs and facilitate a more “work on your own schedule” situation for their employees. The key to differentiating between a workplace fad and an economic strategy lies in the hands of the businesses. Broadly speaking, there are four main areas of your business that will benefit when you implement remote working.. Business Finances Those who have embraced new technology and the remote way of working have seen their businesses flourish with employees who have found a new lease of life in the way they work.. Studies have found that remote staff are generally happier and stay in their jobs longer, (thanks in no small part to not having to rise early and engage in stressful and time-consuming commutes). Some of my small business colleagues have balked at the notion of having remote work be a commonality in their business. 36% of employees would prefer flexible work arrangements for a pay rise. More important than how you communicate is that you’re clear about expectations around it. If corporate leaders throughout the world believe remote work is … The majority of the current workforce are Millennials, and Generation Z. But a successful and satisfying remote work arrangement takes more than just migrating your existing way of doing business online. You can advertise remote jobs online and receive applications from qualified candidates all over the globe. These younger employees demand flexible work environments that suit their schedules and life goals. Remote work resolves the issue of social distancing and more. Hiring remote employees is one of those new things a small or medium-sized business can tap into. At 10x Management, we have a great deal of experience placing high-level freelance tech talent in both onsite and remote positions. It builds trust and increases productivity. However, small business owners need to consider how they’re operating in order to reap the benefits of working remotely. One of the main benefits to remote working is that it saves your business money: 82% of companies say that remote working benefits their business. Not having a daily commute will also cut instances of lateness as well as absenteeism. Remote work overtakes the office space . Get back to business with an all-in-one HR platform by Zenefits, Join the Workest community to ask questions in our community, bookmark articles, and receive our weekly email. This is something that provides them with greater freedom and flexibility as well as saving them a lot of money on travel in some cases. A remote work policy doesn’t just save on commuting costs, it also reduces business overheads. One of the most important benefits of using remote access is the flexibility that it can bring to your business. The management can quickly tell the non-essential staff to work from home until the disaster passes. Setting up your business for remote work will help you stay up to date with innovations in technology. 9 Incredible Benefits of Remote Work for Small Businesses. Analyze office communication practices through the lens of remote work. Do I have to go back to work if my kids are still out of school? Remote working arrangements also make it easy for companies to operate even during natural disasters, national emergencies, or disease outbreaks. 1. Keep reading for nine major benefits your business could gain from embracing remote work. For more tips on how you can put in place remote working, read the rest of our blog. Research has proven that teleworkers are 20-25% more productive than office workers and produce work with 40% fewer defects. “We had become reliant and comfortable with in-person and 1:1 meetings to set priorities, clarify miscues, and inspire a sense of togetherness,” said Halloran. yet. The Remote Working Revolution is in full swing, More than ever, employees are searching for smart work models that will give them the flexibility that they crave. Check out this article for help with setting up Facebook chats for your meetings https://setapp.com/how-to/facebook-video-chat-for-group-calls. Stay connected for the latest updates. The money they save can buy experiences or items that the employee cares about, which further increases engagement. Fewer people in the workplace means less office space, which cuts the cost of the lease along with heating and cooling rates, lighting, and other expenditures. “To alleviate this concern, small business owners can focus on tracking output rather than input — measure employee performance, and not what they are doing every minute of the workday.”. Remote work can be great — it can be collaborative, productive, and deeply satisfying. Do you rely heavily on in-person meetings? As the initial shock and awe of the COVID-19 pandemic fades, so too has the curtain dropped on the employers unwilling to support their employees through the ongoing challenges of today. Fall and Winter 2020 Fashion Trends that We Love. A visit to a modern office building shows how employment patterns have changed over recent years. Working from home reduces the number of employees driving to work. Another benefit of remote work is that it allows companies to be agile. Fashion News; Shopping; California Breeze ; Stylish Accessories Your Wardrobe Needs This SS21 Season. Apart from protecting people from spreading diseases, remote work has many more benefits for businesses and employees as well. Focusing on how to make remote work, work is more impactful than celebrating why it does. Fashion. “We’ve been able to work through this by getting accustomed to Slack and Zoom, detailing action items in Zoho Projects, and setting some ground rules,” he added. Companies that have many remote workers can brag about reducing their carbon footprint. Or it could look like offering team members additional PTO to take a much-needed mental health day. This time has forced many companies into remote work arrangements. Another excellent benefit is that people love to be given the opportunity to work remotely. November 11, 2017 By WorkSocial Editorial The face of traditional businesses is changing. There’s a lot to be said for having a good relationship with … This could be because remote workers can create a personalized work environment that is free from distractions. The employee would be able to set up shop from a hotel room or rented house. Save my name, email, and website in this browser for the next time I comment. December 10, 2020. Your email address will not be published. The biggest benefit to businesses is that remote work and flexible practices will help recruit and retain talented staff. Everyone thinks “money” when they think about remote work. See trends in health care coverage among small businesses, An editable .docx template preloaded with tools and tips. Here are some of the advantages businesses can benefit from when they offer employees remote work: Higher employees productivity During this time, they can use tools such as Facebook video chat for group calls to hold meetings. This is beneficial in many ways. Offering remote work widens the talent pool and allows for a truly global workforce. The benefits employees have are reflected on companies to help them achieve better results. Employers and workers laud the benefits of remote work like cost savings on rent and utilities, less time spent commuting, and greater flexibility to organize their day. While many remote-first companies rely on asynchronous communication, there is no one-size-fits-all answer. So, it is something that benefits you … The employee would be able to set up shop from a hotel room or rented house. On top of access to a more excellent pool of candidates, businesses may get cheaper labour from countries with a lower cost of living and lower salary demands. Remote jobs save organizations an average of $11,000 every year per worker that works from home 50% of the time. But that doesn’t mean it’s inferior or difficult, just different. If making remote work permanent in your business is a commitment you’re weighing up, let me provide some incentive by listing a few benefits that I have seen by doing so. Async is highly effective but the switch can be jarring for businesses that rely on quick answers and responsiveness. During the pandemic, the key to entrepreneurial survival has partly relied on remote working best practices for small businesses. Employees in other countries may ask for less in pay than American employees. Hardik Patel is a Digital Marketing Consultant and professional Blogger. This increases your company’s diversity and makes it easier for small businesses to operate globally. Many times, employees call off sick due to depression and a lack of mental capacity. With innovations in technology you would get happier, more productive employees that demand less in pay American... To prove this point, remote workers reported 41 % lower absenteeism and 13 % higher retention than. 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