In physical office environments, many managers visually check in on employees. This is a win-win situation as you would get happier, more productive employees that demand less in salaries. 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. Want to know if you’re ready for permanent remote work? Do you “pop over” to a colleague’s desk when you have a question? See trends in health care coverage among small businesses, An editable .docx template preloaded with tools and tips. yet. With remote work capabilities, your business will be able to hire labour from all over the world. Hardik Patel is a Digital Marketing Consultant and professional Blogger. Remote working arrangements also make it easy for companies to operate even during natural disasters, national emergencies, or disease outbreaks. Last week, we published a detailed article explaining the benefits of remote work for businesses. Broadly speaking, there are four main areas of your business that will benefit when you implement remote working.. Business Finances Fall and Winter 2020 Fashion Trends that We Love. This time has forced many companies into remote work arrangements. 36% of employees would prefer flexible work arrangements for a pay rise. Some people prefer to work while sitting outside in nature. 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. A business owner who implements a work at home policy gains an edge over competitors who don't allow telework. But that doesn’t mean it’s inferior or difficult, just different. It reduces the amount of expensive office space required, and … If half the total number of US workers stopped commuting to work, the atmosphere would be spared more than 50 million tons of greenhouse gases. These younger employees demand flexible work environments that suit their schedules and life goals. Consider your current communication styles at your small or medium-sized business. Remote Work is a Competitive Advantage for Businesses It’s clear that remote work provides many benefits for businesses that far outweigh the risks. I've hired teams remotely for a decade now, and there are always challenges... Pandemic Unemployment Assistance, or PUA, is a federal program available... As of April 23, both programs are out of funding, but Congress has passed... Steps companies can take to build and maintain a successful remote workplace, Catherine is a freelance writer based in Oaxaca. This could be because remote workers can create a personalized work environment that is free from distractions. In order to retain and attract talent, companies are feeling the pressure to go remote. Employees aren’t the only ones who benefit from working from home; a company can benefit just as greatly from a remote employee. Small businesses power the economy. 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. They are wrong. Companies that have many remote workers can brag about reducing their carbon footprint. 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. Remote work resolves the issue of social distancing and more. Most important is to recognize remote work and workers as having specific needs, then removing obstacles and providing the right resources for them. Could an Early Retirement Package Incentivize Employees to Retire? How to Choose the Best Hydroponics Accessories for Happy Planting? Businesses can save on rent and utility costs as less office space is required. Analyze office communication practices through the lens of remote work. And more and more of us – freelancers and small business owners included – are doing it, especially as larger companies realise the benefits involved. Small businesses have, in the past, had to hire sub-par talent due to budget constraints as well as the lack of prestige that more prominent companies hold. “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. Remote Work: Awesome Benefits of Businesses Having a Remote Office. Employees working remotely also save money on transport, business attire, and eating out. A visit to a modern office building shows how employment patterns have changed over recent years. However, small business owners need to consider how they’re operating in order to reap the benefits of working remotely. How Music is Effective for your Health Development? There are financial benefits of going remote with your business. Managers don’t need to understand an employee is working by seeing that employee working; they can refer to the metrics and outcomes they’ve set for employees to confirm this. During the pandemic, the key to entrepreneurial survival has partly relied on remote working best practices for small businesses. More important than how you communicate is that you’re clear about expectations around it. Many times, employees call off sick due to depression and a lack of mental capacity. Keep reading for nine major benefits your business could gain from embracing remote work. However, I believe that there are vast benefits to supporting a remote work culture. With the advent of high-speed internet connections, Skype, and online conferencing, the rush to be sitting in an office eight to ten hours a day … Your employees may be up with the latest communication software. As a small business owner, you may be wondering about the benefits of remote work and if it is suitable for your bottom line. This figure may rise even more following the COVID-19 pandemic. 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. How Remote Work Benefits To Your Business Posted on February 9th, 2017. During this time, they can use tools such as Facebook video chat for group calls to hold meetings. Or it could look like offering team members additional PTO to take a much-needed mental health day. Like many New Englanders, her first job was at a local Dunkin’ Donuts. The benefits employees have are reflected on companies to help them achieve better results. Working from home reduces the number of employees driving to work. This means they will be able to communicate with clients that are also using the latest technology. 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. Hear from 3 company leaders on how their businesses are receiving the benefits of remote work. Because that’s part of the deal, of the agreement you make with employees when they come on board.”. So, it is something that benefits you … Communication on remote teams is different than that of the office. To learn more about how remote work can positively impact your business life, check out the following list of the top 4 benefits of working remotely. Remote Work or Return to Work? S a simple way around this but you may be up with the latest communication software on to. 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