More and more firms are beginning to shift from typical office employees to remote employees in the age of COVID-19.
According to recent remote work data, 6 mn employees in the United States work from home at least half of the week.
Since 2005, the number of persons working remotely has increased by 200 percent, and this trend is expected to continue through 2022.
77 million individuals, or 56% of the workforce, might work from home, according to estimates.
Recruiting a remote worker may appear weird at first when contrasted to the tried and true method of hiring local employees. However, hiring a remote worker or allowing current staff to work from home or away from the office has several advantages. To claim these benefits, all you need is a web-enabled firm and the ability for your remote workers to check in at regular intervals.
To top it off, you don’t have to run your entire company online to reap the benefits of having remote workers.
The following are some of the advantages of hiring remote workers:
You have access to a larger pool of qualified workers
You limit your skill pool when you need to hire personnel from a certain place. Remote work, on the other hand, allows you to tap into the greatest talent from across the world – especially when employees come to demand the freedom that remote work provides.
Take a look at how the younger generations are influencing the increase of remote employment. They have grown up with the ability to communicate quickly and freely across borders, and they want – and expect – the same chances in their employment. Working remotely is a huge plus in attracting young, highly trained individuals, and flexibility in the workplace is one of the most crucial criteria for millennials.
Savings, savings, savings for businesses
The amount of money spent on Real Estate, as well as future utility expenses like water, power, and maintenance, would be significantly decreased. Employees working from home or away from the office would significantly minimize the number of unplanned absences, whether due to illness or inclement weather.
Coming and going to work is becoming more expensive due to rising petrol costs and, as a result, rising public transit rates.
It saves money for employees too
Employing remote workers not only saves money for businesses, but it also saves money for employees. The financial burden of commuting is fully removed, saving remote employees an estimated $5,000 per year, according to studies. And that’s before you take in the cost of eating lunch out on a regular basis!
However, it’s critical to understand the hidden expenses of working from home. Electricity, gas, phone bills, and work-related equipment should all be paid, either as expenditures or as part of the employee’s income.
STRESS RELATED TO THE COMMUTE IS ELIMINATED
Not only would having remote workers help the company, but working from home would benefit the employees as well. According to a research done in Sweden, a commute of more than 40 minutes for just one spouse in a marriage raises the chances of the pair divorcing by 46%.
This also opens the door for potentially excellent personnel who reside too far away to commute or in another nation. This is especially useful if you need top-notch talent but your budget won’t allow it; you might be able to discover a person with exactly what you need who is ready to work for a lesser salary overseas.
It boosts employee loyalty
During the present epidemic, the rise of remote work introduced more individuals to the work model. As a result, more workers are now looking for long-term remote positions.
Losing an employee frequently causes productivity to suffer for the business. Replacing an employee may be quite costly. You’ve invested a lot of time and money into hiring and training new staff, so you want to make sure they’ll remain around. Once a replacement employee is hired, he or she will need weeks, if not months, of training before they can produce at the same level as the previous person. Remote work goes a long way toward improving this – according to research, 90% of employers think remote working has a significant positive impact on employee retention – which isn’t unexpected given that two-thirds of workers say they’d pick a new job if it had a better commute.By retaining the more experienced individual, these time and productivity losses may be avoided.
Finally, if a company is able to offer remote work, they must consider implementing a strong remote work strategy in order to attract and retain the finest employees.