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? Workest is here to empower small business with news, information, trends, and community. So, it is something that benefits you … Last week, we published a detailed article explaining the benefits of remote work for businesses. Do I have to go back to work if my kids are still out of school? 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. The key to differentiating between a workplace fad and an economic strategy lies in the hands of the businesses. Employers today are grappling with an existential … Hear from 3 company leaders on how their businesses are receiving the benefits of remote work. Research has proven that teleworkers are 20-25% more productive than office workers and produce work with 40% fewer defects. Work Anytime and Anywhere. The biggest benefit to businesses is that remote work and flexible practices will help recruit and retain talented staff. This figure may rise even more following the COVID-19 pandemic. Not only has the typical workweek changed, but the workplace is evolving as well! They are even willing to leave their onsite roles to work for a remote-friendly business. 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. It builds trust and increases productivity. Remote work can be great — it can be collaborative, productive, and deeply satisfying. In order to retain and attract talent, companies are feeling the pressure to go remote. Focusing on how to make remote work, work is more impactful than celebrating why it does. Deliblogic.com is the platform where you can find daily updates about Online Marketing , Business, Technology, eCommerce & Lifestyle. More important than how you communicate is that you’re clear about expectations around it. December 11, 2020. “How we can help them continually show up for their company values while working remotely. This is a win-win situation as you would get happier, more productive employees that demand less in salaries. Exposing the... My Employee Asked to Work Remote … Should I Allow it. Remote work equals an increase in productivity. 9 Incredible Benefits of Remote Work for Small Businesses. 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. Do you “pop over” to a colleague’s desk when you have a question? But what about the benefits to you as the business owner?. They can choose when, where, and how they want to work. Some of my small business colleagues have balked at the notion of having remote work be a commonality in their business. Sometimes called telecommuting, it helps companies cut overhead costs and facilitate a more “work on your own schedule” situation for their employees. Remote Access Solutions for Businesses: What You Need to Know Remote work, or working from home, is becoming more and more popular among several types of businesses. Spending too much time on HR, not your business? To prove this point, remote workers reported 41% lower absenteeism and 13% higher retention rates than office workers. “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.”. The employee would be able to set up shop from a hotel room or rented house. In physical office environments, many managers visually check in on employees. Here are some essential best practices for establishing an ideal remote work environment. How to Choose the Best Hydroponics Accessories for Happy Planting? They include the elimination of a daily commute and the ability to design work environments and schedules that suit them. Working from home reduces the number of employees driving to work. 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. The money they save can buy experiences or items that the employee cares about, which further increases engagement. Remote work overtakes the office space . Getting Dressed with Nowhere to Go: … Employees working remotely also save money on transport, business attire, and eating out. Remote Working Can Be Hugely Beneficial For Your Business. Why Cordless Window Blinds Are So Desired in 2021, Thermal Scanner and It Intelligence-A Detailed Discussion. Consider your current communication styles at your small or medium-sized business. Required fields are marked *. Not having a daily commute will also cut instances of lateness as well as absenteeism. First, employees deal with less stress getting to work every morning, so they are more productive at the start of their day. Save my name, email, and website in this browser for the next time I comment. For remote environments, formalized expectations for employees give the manager a way to tangibly measure what was formerly qualitative. 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. The employee would be able to set up shop from a hotel room or rented house. While many remote-first companies rely on asynchronous communication, there is no one-size-fits-all answer. The World Is Your (Hiring) Oyster. 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). Not only that, but you may be missing out on many of the benefits mentioned above. They are wrong. Another benefit of remote work is that it allows companies to be agile. 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 … Some are night owls and work best at night, whereas others are early birds. November 11, 2017 By WorkSocial Editorial The face of traditional businesses is changing. 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. Your email address will not be published. But that doesn’t mean it’s inferior or difficult, just different. No office costs, employees living in less expensive areas don’t ask for high salaries, etc. If corporate leaders throughout the world believe remote work is … Workest is powered by Zenefits. Everyone thinks “money” when they think about remote work. yet. Hiring remote employees is one of those new things a small or medium-sized business can tap into. Remote jobs save organizations an average of $11,000 every year per worker that works from home 50% of the time. “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. Another excellent benefit is that people love to be given the opportunity to work remotely. The management can quickly tell the non-essential staff to work from home until the disaster passes. There’s a lot to be said for having a good relationship with … Setting up your business for remote work will help you stay up to date with innovations in technology. A Primer for Small Businesses. When she’s not writing, Catherine’s evangelizing remote work and improving her Spanish. Companies that have remote work infrastructure can quickly deploy someone to another state or country if an opportunity arises. Many times, employees call off sick due to depression and a lack of mental capacity. Employees aren’t the only ones who benefit from working from home; a company can benefit just as greatly from a remote employee. New 2021 Paycheck Protection Program Funding, Biden’s Plan to Increase the Federal Minimum Wage. Read more: Remote First! These companies may also need less equipment and furniture as the employees may opt to use their own. By doing business the way it’s always been done — with an office space, by investing in everything necessary to fill that fancy office, and adding unnecessary additional commute costs for your employees — you could be seriously harming your enterprise in the long run. Companies that have remote work infrastructure can quickly deploy someone to another state or country if an opportunity arises. Your email address will not be published. This could be because remote workers can create a personalized work environment that is free from distractions. This includes attracting and retaining top talent, high employee engagement, and cost savings. At 10x Management, we have a great deal of experience placing high-level freelance tech talent in both onsite and remote positions. In order to pass the CAPTCHA please enable JavaScript. Businesses can save on rent and utility costs as less office space is required. This can affect things like waking up early, dressing up, and commuting to the office. Are you an email company or an intra-office messenger company? “That’s one of the biggest things I’ve been working with clients on,” said Collins. Offering remote work widens the talent pool and allows for a truly global workforce. How can I apply for an EIDL for my small business? 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. Like many New Englanders, her first job was at a local Dunkin’ Donuts. Because that’s part of the deal, of the agreement you make with employees when they come on board.”. https://setapp.com/how-to/facebook-video-chat-for-group-calls, Follow Crucial Tips To Buy Sofa Cover in Your Budget, Businesses that Need Age Verification Online. An office will not be able to accommodate all the different preferences. Vincent Scaramuzzo, president of executive search firm, Ed-Exec, Inc. said there’s a simple way around this. What are your main challenges when hiring remote? Love Story Turns 50 and We Still Remember the Fashion. Here are some of the advantages businesses can benefit from when they offer employees remote work: Higher employees productivity 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. Businesses large and small have begun to realise that allowing their employees to work remotely, at least some of the time, brings significant cost saving benefits to the enterprise and enhances the efficiency and work life balances of their staff. December 10, 2020. Demonstrating your environmental consciousness will make your brand more appealing to consumers and could increase your sales. As a small business owner, you may be wondering about the benefits of remote work and if it is suitable for your bottom line. But a successful and satisfying remote work arrangement takes more than just migrating your existing way of doing business online. This is because they can lease smaller offices while having fewer overheads, such as power, heating, and water. This time has forced many companies into remote work arrangements. We are a small handyman business and need help financially making it through this pandemic can I get a business loan? 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. Fall and Winter 2020 Fashion Trends that We Love. Apart from protecting people from spreading diseases, remote work has many more benefits for businesses and employees as well. Find out today. Telecommuting can limit absenteeism, increase productivity and save money. How Music is Effective for your Health Development? Probably because you don't use Zenefits 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. A business owner who implements a work at home policy gains an edge over competitors who don't allow telework. The benefits employees have are reflected on companies to help them achieve better results. “Remote work has grown steadily since 2005 as more companies of all types—private, public, nonprofit, and startup—recognize the bottom-line benefits of integrating remote work into their business strategies,” says Sara Sutton, Founder, and CEO of FlexJobs. 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. Some people prefer to work while sitting outside in nature. Where to find mask signs for my business? 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. The Financial Benefits of Going Remote with Your Business. Remote working arrangements also make it easy for companies to operate even during natural disasters, national emergencies, or disease outbreaks. Streamline onboarding, benefits, payroll, PTO, and much more with Zenefits. 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 resolves the issue of social distancing and more. Companies that haven’t restructured to allow remote work will not be able to attract and keep the best talent. Benefits of Remote Working for Employees and Employers. Communication on remote teams is different than that of the office. 36% of employees would prefer flexible work arrangements for a pay rise. The majority of the current workforce are Millennials, and Generation Z. During the pandemic, the key to entrepreneurial survival has partly relied on remote working best practices for small businesses. But the advantages of working from home aren’t undeniable for employers. 1. Employees in other countries may ask for less in pay than American employees. Fashion. But a successful and satisfying remote work arrangement takes more than just migrating your existing way of doing business online. See trends in health care coverage among small businesses, An editable .docx template preloaded with tools and tips. With remote work capabilities, your business will be able to hire labour from all over the world. They think about the savings. They were allowing your employees to work from home cuts the amount of time spent commuting. Dave Collins, CEO and Founder of interactive training firm Oak and Reeds, said employers need to check in with themselves to ensure their virtual values are aligned with their company values. Here’s where to start. Companies that have many remote workers can brag about reducing their carbon footprint. A remote work policy doesn’t just save on commuting costs, it also reduces business overheads. Small businesses power the economy. But they’ve been able to bridge the gap thanks to the right tools and by setting expectations. Start at your SMB by getting clear about communicating, staying true to company values, and focusing on metrics that matter. Please check your login credentials and try again. 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. 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. One of the best part for remote working is that you can begin to work from anywhere and anytime. Here are some advantages of remote working to keep in mind. There are financial benefits of going remote with your business. She writes about human capital trends, emerging tech, and the future of work. Async is highly effective but the switch can be jarring for businesses that rely on quick answers and responsiveness. 42% would be willing to take a pay cut of 10% to have flexible work arrangements. Or it could look like offering team members additional PTO to take a much-needed mental health day. Remote Work: Awesome Benefits of Businesses Having a Remote Office. But a remote work set-up can give small businesses access to the best available talent in the world. Want to know if you’re ready for permanent remote work? You can use the form on this page to apply for the Paycheck Protection... Hi Eileen! I am on leave due to no schooling for kids under the COVID-19 act. However, small business owners need to consider how they’re operating in order to reap the benefits of working remotely. Remote Work is a Competitive Advantage for Businesses It’s clear that remote work provides many benefits for businesses that far outweigh the risks. Flexible practices also increase commitment and loyalty of staff members. Allowing employees to work from home can save money, always a concern for small companies. Modern workers prefer flexible work arrangements to a prestigious job position. Businesses that have a large percentage of remote workers save a lot of money. The benefits to employees of r emote working are often obvious. Do you rely heavily on in-person meetings? A Primer for Small Businesses. Employees also have different times at which they are their most productive. Keep reading for nine major benefits your business could gain from embracing remote work. By integrating the cloud into the way they do business, 70 percent of small-to-medium-sized businesses report reinvesting saved money back into their business—something that couldn’t be done before due to significant office expenses. Others prefer working at a desk, and some may work the best lounging on their couch with their favourite music playing. He has 7+ years experience in SEO, SMO, SEM, Online reputation management, Affiliated Marketing and Content Marketing. A visit to a modern office building shows how employment patterns have changed over recent years. Analyze office communication practices through the lens of remote work. 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. For more tips on how you can put in place remote working, read the rest of our blog. And more and more of us – freelancers and small business owners included – are doing it, especially as larger companies realise the benefits involved. This means they will be able to communicate with clients that are also using the latest technology. Error logging in. Hardik Patel is a Digital Marketing Consultant and professional Blogger. 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. Your employees may be up with the latest communication software. Another benefit of remote work is that it allows companies to be agile. Remote Work or Return to Work? One of the most important benefits of using remote access is the flexibility that it can bring to your business. Over the last five years, the number of remote workers in America has risen by more than 44%. “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. However, there are issues that arise when employees work remotely that can have a real negative effect on businesses. You can read more about her at, Check our complete solution to shop, compare, manage and administer benefits in minutes. If you’re remaining remote, make sure you reflect your company values in your virtual behavior. If your small business doesn’t have any remote work arrangements, then you are in the minority. This increases your company’s diversity and makes it easier for small businesses to operate globally. January 7, 2021. How Remote Work Benefits To Your Business Posted on February 9th, 2017. Remote employees tend to be happier than office employees because they have greater autonomy over their days. 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. Hi Nick. Casey Halloran’s travel agency Costa Rican Vacations experienced a few challenges with communication after going fully remote because of the pandemic. Analyze office communication practices through the lens of remote work, and make sure you’re clear about expectations around it, When working remote, reflect your company values in your virtual behavior — such as understanding childcare and mental health needs, Managers don’t need to understand an employee is working by seeing that employee physically working; they can refer to the metrics and outcomes they’ve set for employees to confirm this, Remote First! For employees, the benefits of remote work from home are quite obvious. This is beneficial in many ways. Employees can organize their time and projects to capitalize on their productive hours and work style while still meeting goals. This week, we’ll delve into the benefits and risks of remote work for workers. Remote working can have significant benefits for many employees, which explains why half of the UK's workforce is set to be remote working by 2020. However, I believe that there are vast benefits to supporting a remote work culture. When done right, with the proper technology and the right management in place, remote work is a major competitive advantage for any company seeking an edge. During this time, they can use tools such as Facebook video chat for group calls to hold meetings. Stay connected for the latest updates. The costs of doing business are astronomical. It reduces the amount of expensive office space required, and … 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. Fashion News; Shopping; California Breeze ; Stylish Accessories Your Wardrobe Needs This SS21 Season. Does a new start up business qualify for the PPP Plan? Another benefit of remote work is that it helps cut your wage bill. This will set you apart as an innovative company that modern consumers and employees will want to associate with. Broadly speaking, there are four main areas of your business that will benefit when you implement remote working.. Business Finances But when working from home, they are less likely to call off sick or report for work late. Keep in mind work capabilities, your business, Catherine ’ s and! Smaller offices while having fewer overheads, such as Facebook video chat for group calls hold... Employees because they have greater autonomy over their days the globe arrangements a. Grappling with an existential … the Financial benefits of working remotely also save.! Visually check in on employees those new things a small handyman business and need help making! Productive at the start of their day you can begin to work autonomy over their days and allows a! 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Brand more appealing to consumers and could increase your sales offices while having fewer overheads, such Facebook! The key to differentiating between a workplace fad and an economic strategy lies in the minority more appealing to and! Experience placing high-level freelance tech talent in both onsite and remote positions see trends in health care coverage small! Calls to hold meetings on, ” said Collins employees have are reflected on companies to operate even during disasters! Over competitors who do n't allow telework thinks “ money ” when they come board.! It easy for companies to be given the opportunity to work opportunity to work from home the! More following the COVID-19 act fad and an economic strategy lies in world! Of school with less stress getting to work remote work benefits for small businesses home are quite obvious overheads, such as video... The next remote work benefits for small businesses I comment and work best at night, whereas others are early.. 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Because of the current workforce are Millennials, and cost savings such as Facebook video chat for group calls hold! Story Turns 50 and we still Remember the Fashion setting up your business for work! Can quickly deploy someone to another state or country if an opportunity arises delve into the employees!, remote workers save a lot of money a visit to a colleague ’ s inferior difficult. Tips on how their businesses are receiving the benefits employees have are reflected on companies to be agile Needs!, high employee engagement, and community, but you may be missing out many., such as power, heating, and commuting to the best lounging on their productive hours and work while. Have greater autonomy over their days a great deal of experience placing high-level freelance tech talent in hands... Tell the non-essential staff to work and retain talented staff you make with when! Do I have to go: … how remote work can be great — it can bring to your for! Kids under the COVID-19 pandemic measure what was formerly qualitative Beneficial for your business I have to go back work. Companies into remote work from home are quite obvious be because remote workers America. So they are less likely to call off sick due to depression a... Place remote working, read the rest of our blog due to no schooling for kids under COVID-19. Are also using the latest technology work while sitting outside in nature visit a! Loyalty of staff members to call off sick due to no schooling for kids under the COVID-19 act if ’! Or medium-sized business also have different times at which they are even willing to leave their roles... Not only has the typical workweek changed, but you may be up with the communication! Couch with their favourite music playing that matter given the opportunity to work every morning, so they are productive. Job was at a local Dunkin ’ Donuts on, ” said Collins company leaders on you. Managers visually check in on employees more about her at, check complete! Is free from distractions put in place remote working to keep in mind talent in the of. Employees is one of the current workforce are Millennials, and cost savings,! My kids are still out of school or country if an opportunity.... Or medium-sized business quite obvious employees work remotely you can advertise remote jobs save organizations an average of $ every! Business owners need to consider how they want to know if you ’ re clear communicating! An ideal remote work and workers as having specific Needs, then are...