Why Businesses Should Support The Remote Work Revolution

Remote Work Nov 29, 2020

The current change of pace is faster than ever before. Companies worldwide are focusing on remote work arrangements to keep employees satisfied and productive. Now, many studies have been highlighting how appreciative remote workers really are - and how much your company stands to benefit from it.

So, why exactly should your company support the remote work revolution?

1. Remote work can accelerate your team’s productivity

Some of us are true morning larks while others feel refreshed late at night. Remote work has unlocked the ability to pay a bit more attention to our internal clocks.

Daniel Pink, an author of When: The Scientific Secrets of Perfect Timing has stated that our natural schedule for waking, winding down, and sleeping is encoded in our DNA. Organisations that allow people to start their day at 10 am in the morning or take a long break in the middle of the day to go to the gym, give employees a chance to focus on tasks at their most productive times.

Flexible work solutions can not only improve overall productivity, but also the quality of tasks being done.

2. Remote work solutions reduce stress, boost employee well-being and engagement

Remote work arrangements often mean reduced commute times, additional recreational and family time, and more pleasant and personalized working environments.

According to a Harvard Business Review article, spending time away from the office at a remote or flexible coworking space can spark new ideas, enable self authenticity, and create meaningfulness. It boosts employee morale, reduces workplace stress and increases engagement amongst employees.

Companies that support flexible work culture, can notice that their teams are more collaborative, innovative, and creative - crucial for business success.

3. Remote work practices increase diversity in the workplace

Remote work solutions can help to attain inclusivity easier, attract exceptional talents, increase company’s transparency and boost it’s reputation.

Organisations with a diverse staff are better positioned to meet the needs of a diverse customer base, and notice 2.3 times more cash flow per employee.

Flexibility at work vanishes boundaries between countries and allows organisations to attract talents with different backgrounds, mindsets and skill sets. And what is better than having state-of-art ideas on the table?

4. Remote work can deepen the pockets

Remote work practices can have direct cost-saving impacts on any size companies. It reduces fixed office overhead costs, retention and new employee hiring costs.

Hybrid work models can reduce fixed office space costs by more than 70%. For example, IBM decreased real estate costs by $50 million.

Additionally, flexible work model supporters have a 25% lower turnover rate than fixed office employees. That being said, Glassdoor noted that the average cost to hire a new employee is £3000.

It is clear that remote work has more benefits than an ordinary work model and can be invaluable practice for overall business success.

The prospect of working a traditional 9-5 desk job, in a fixed location, and then retiring in your 60s is no longer appealing to the modern workforce. Flexible working practices of the organisation is no longer a nice bonus - it’s a necessity.

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