The benefits of remote work
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What are the Benefits of Remote Work?
Remote working offers numerous advantages to both employees and employers alike, from better work-life balance to increased productivity, not to mention numerous cost reductions. There are multiple advantages associated with telecommuting - it just needs more exposure!
One of the key benefits for employers of remote work is accessing a global talent pool for hiring. You may find more diverse talent that might otherwise not have found employment due to location barriers like car ownership or limited commuting options.
Most important advantages of remote work
Remote work offers employers and employees alike an effective means of getting more done while saving both time and money, even if these advantages come with some downsides that must be acknowledged, it’s worth the price to pay because the wins easily out-compete the challenges.
Working from home propose numerous advantages such as increased productivity, flexibility, and cost savings. All these reasons have an importance as to why people choose to work from home, but probably the most important is that they enjoy a more flexible and balanced lifestyle.
Having a balanced life-style is probably the holy grail for the remote workforce worldwide. Who likes to miss the important dates? Children accomplishments? A doctors appointment? Exactly, nobody.
And since nobody wants to miss all the important events, being able to work from home means that you’d be able to spend your spare time doing the things you enjoy the most. Workers worldwide can then use their extra time exercising at the gym, following a healthier diet, reading a novel, spending time with their children, stroking their cat or anything else they like.
Releasing their passions or interests to colleagues can also help them feel more connected and appreciated - for instance if someone mentions they enjoy knitting, they might feel more inclined to show off their creations during company’s remote coffee hour!
In general, working from home can also help employees to relieve work-induced stress and improve their health, research shows that workers who don’t need to commute are more likely to exercise and consume healthier foods, since they can spend that extra time in these sort of activities.
As a result of this healthier lifestyle, employees are less likely to develop unwanted health conditions like high blood pressure or diabetes and more likely to achieve quality sleep and spend quality time with family.
Remote work offers many obvious advantages, and can even serve to attract and retain top talent. GitLab employs employees from over 68 different nations - many of which work remotely - making up its team, and the number of companies embracing remote work is just growing.
Top benefits of remote work for employers
Employers benefit from remote work because it gives employees greater flexibility and autonomy. Unlike traditional office-based jobs, remote workers are free to adjust their hours around other obligations such as family responsibilities or travel plans; giving them more freedom with their work schedule which in turn increases employee productivity and retention rates.
Remote work provides employers with access to an expansive pool of talent; employers can hire employees with specific skill sets that reduce training costs. Those who employ remote-first policies can find it much easier to recruit talented employees from all around the globe, providing employers with access to an alternative source of skilled labor and reducing hiring costs in turn.
Working remotely also enables workers to form teams comprised of people from around the globe, which can prove invaluable when providing customer support or sales opportunities. Furthermore, remote workers don’t incur relocation expenses which is another perk for remote employees.
As a result, remote employees can be considered to be happier than their office-based peers, which helps to keep morale high and encourage them to become better representatives for the business.
Remote work can also assist employees in maintaining healthy work habits that will support both their physical and mental wellbeing. They’re less likely to skip preventive care visits, and more likely to seek assistance if experiencing health issues and the nasty burnout.
Working remotely also offers companies significant financial savings opportunities, for instance by hiring workers in cities with lower living costs - which could reduce overhead expenses by as much as $37,000 annually.
Continuing with costs savings, remote work can be less costly than office-based employment as it doesn’t require as much space or electricity, plus employees don’t have to travel. By eliminating office rentals, travel expenses and environmental impacts associated with having physical locations for staff to work from, remote employment saves huge amounts of money on contracts, rentals, travel costs as well as impacts associated with maintaining them.
As you can notice, remote work offers employers many benefits which you can’t overlook, including cost reductions, expanded talent pools and increased productivity - just some of the reasons more and more companies offer remote working options.
Top benefits of remote work for employees
COVID-19 caused many organizations to reconsider their workplaces, with telecommuting becoming the new normal for many employees. Today, employees can often work from either home, a local coffee shop, or co-working spaces.
As mentioned before, remote work offers employees numerous advantages. One of the most (or maybe the most) important of these advantages is that it provides an improved work-life balance, followed closely by cost savings and flexibility.
Working remotely allows for greater work-life balance as you can take breaks to attend that basketball game or take senior citizens shopping, making life simpler for both you and them. In addition, attending doctor’s appointments without worrying about getting permission from an employer becomes simpler as well.
Studies demonstrate that remote workers can be just as productive as office-based staff if provided with the right home workspace and digital workplace platform, such as Microsoft 365 or Google Workspace collaboration suite, messaging apps, task management tools and modern intranet. With these features at their disposal, nothing stands between your remote team delivering amazing results!
Remote workers often enjoy the liberty to change their daily schedules as they see fit when they want to, giving them the afored mentioned flexibility to get involved in activities that are the most important to them. This includes pursuing new interests, spending time with their children or even caring for sick family members.
It’s not rare that employees who work remotely have better flexibility throughout their lives than those who have to stay at the office the whole day long, as they are more used to and count with a flexible work schedule, leading them to better adjustments to any changes that occur.
It shouldn’t come as a surprise that by working remotely, employees can save an enormous amount of money on housing, transportation & childcare, between many others.
According to a report by Quartz, remote workers saved an average of $2,000 per year in transportation and living expenses, make it triple if end up not paying for childcare. While working from home, employees could also save a significant amount of money by avoiding unnecessary clothing and street food, which helps them get through the workday without having to rely on their own wallets and embracing healthier habits.
Lastly, employees in general seem to be happier with their job, making them more productive and efficient to the eyes of stakeholders. Several studies, such as Bloom’s that gathered data for over 2 years, show that remote workers perform better than those who work on-site, so having the freedom to work from home can boost your productivity and morale, which in turn displays on a healthier workplace organization.
Challenges of working remotely
While working remotely puts on the table a vast amount on advantages for employers and employees, it also poses unique challenges to leaders and teams, including time zone differences, collaboration issues and communication difficulties.
Working remotely makes communication with colleagues essential. While this can be challenging without face-to-face meetings, staying informed on projects keeps everyone on the same page and ensures all project members understand what’s happening and when.
Dealing with multiple time zones is another daunting challenge that may make it harder to reach your goals. If your team includes employees from multiple countries, make sure everyone understands the goals and deadlines so they are clear what is expected of them.
Relying on a regular schedule is crucial, but for people working from home it can be especially challenging. Distractions can make focusing difficult; therefore it’s vital that you create a to-do list and use time blocking methods more efficiently to maximize productivity.
Loneliness can also be an issue for remote workers, as they must put forth extra effort to remain social with friends and family members. Working from home can engender feelings of isolation for some individuals. This is particularly true for those used to a regular work routine such as an early commute and meeting coworkers at a coffee shop during breaks in their workday.
There are, thankfully, ways for remote workers to escape this sense of isolation. One such solution is virtual office software which enables them to keep in contact with their teams and organize meetings as if they were present at work and adding a flexible schedule you can as well participate in other out of work activities like competition sports, dancing classes, etc.
Technology is your friend, and cloud-based collaboration software such as Slack or Microsoft Teams can keep projects on schedule by connecting all parties involved, while time tracking tools allow you to monitor actual working hours and increase your productivity. Remote work, is win-win situation when these flaws are well considered and taken care of.
Remote workers enjoy numerous advantages, from saving commuting costs and spending more time with family to having more flexibility with work hours and patterns - such as working non-traditional hours - which can increase productivity and enhance wellbeing. Employees more familiar with remote work often report twice as much sense of belonging and 64% higher ability to manage stress when changing jobs; additionally, people living with physical or mental health conditions often find the freedom of a fully remote job easier to manage than conventional employment situations.
Due to its many benefits, employers should seriously consider adopting remote work arrangements as a strategy for remaining competitive and keeping employees happy. While not suitable for everyone, remote working can help increase productivity while improving workplace.
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