Have you considered offering telecommuting privileges to your employees? Studies show that 16% of companies already hire remote workers exclusively. And that by 2028, about 73% of departments will have remote workers. There is a good reason why many companies offer remote work or are thinking of doing so.
So what is in it for you? How does remote work benefit your business?
1. Telecommuting increases worker productivity
How productive your employees are will determine how much work they do. That, in turn, influences the revenues they generate. Also, if your employees are more productive, it means that you are running the business more efficiently.
One study showed that 91% of workers who worked remotely were more productive. So if you have been struggling to increase productivity among your employees, you should consider allowing them to work from home. They might surprise you.
2. Telecommuting decreases business operational costs
By offering remote work to those that want the privilege, you will be in a much better position to cut down on the costs of running your office. You will need less space for starters since you have fewer workers to accommodate. And that means paying less money for your office space because you can downsize.
Also, if you are open to hiring people remotely, then you don’t need to hire full-time employees, especially if you don’t need their services all the time. For that reason, your business will not be required to pay huge salaries with benefits, which you have to do if you have a full-time employee.
In the end, when you open up to telecommuting workers, you can lower your business operation costs significantly. And that will enable your business to make more profits.
3. Telecommuting enables you to retain the best talents
More workers are looking for jobs that offer some kind of flexibility. They want to be able to work from home and arrange their schedules based on other priorities that they have in their lives.
Studies show that when people have access to telecommuting privileges, employee attrition rates can be reduced by 50%. What that means is that your employees are more likely to stay in your organization for longer. Considering how costly employee turnover is, anything that keeps your workers loyal and willing to continue working for you is an excellent thing. And you need to encourage that kind of loyalty as much as possible.
If you are looking to make your business more efficient, profitable, and productive, then it makes good business sense to offer your employees the chance to work remotely. You might not be able to provide this opportunity every day of the week, but even one or two days of telecommuting will boost your business.
Overall, your business might have to invest in a cloud document management system and a few other technologies to keep everything running smoothly, but the money spent will be well worth it in the end. The benefits of telecommuting for your business should not be underestimated.