Want to maximise returns from your business? Get the best talent to work for you without offering the top salaries? Have a happier, healthier team bring its A-game every day without hefty perks?
All that sounds a little too much to ask for. But BonGi will guide you how you can make this happen.
It is one of the most important decisions for your business. It needs to be based on cold hard facts, not opinions. So, we will share 5 facts supported by research reports or reliable surveys, to show that remote teams are the way of the future.
Let’s get started.
1: Remote employees are more productive
How can someone be more productive while working from home? There are endless interruptions and no supervision to keep them on track. These are real concerns, but something they will deal with on a personal level. It is not going to affect your business.
- Remote workers value the flexibility and convenience that comes from remote jobs. They are ready to go the extra mile to make it work. It means they are willing to put in extra time at night, weekends, even holidays to make up for the wasted time.
- Not having someone to watch over is not always a bad thing. In fact, many people perform worse when working under the constant watch. The comfort of the home allows them to work without pressure.
- The distractions are not always bad for productivity. At times, focusing too hard on a problem can trigger mental blocks and make them difficult to solve. Some of our best ideas come when we are away from work.
Case Study 1
Here’s a study that closely monitored the performance of remote employees on a trial basis.
Call center employees were offered the option to work from home. That resulted in a 13% improvement in the performance. 9% of that was achieved by working for longer periods while 4% resulted from more calls in the same time. Other than the productivity, work satisfaction and turnover improved as well. It got even better when the company offered work from home option on a permanent basis. This time the performance improved by 22%.
Case Study 2
Another study asked 100 managers from 50 businesses about their experience with remote employees. Most of these managers reported improved productivity and less absent time.
2: Remote work option is the best way to attract and retain top talent
85% millennials prefer working from home all the time. The annual freelancing study in America confirms that almost 50% millennial workers are now freelancing in one way or another.
And it’s not just about millennials. People of all ages love the freedom and flexibility that comes with remote jobs. In fact, they are willing to work at lower salaries or fewer perks.
It’s not just because of the flexibility. Remote work suits them in many ways.
- They can save considerable amounts of money (and time) from not having to travel every day. Then there are other expenses like professional attire or eating out. 30% remote workers stated in a survey that they can save more than $5,000 in just a year.
- They also said that they are more willing to stay with an employer who allows remote work.
So, remote work will help you with employee retention as well. Even when they want to quit working altogether.
Case Study 1
In a survey, 79% employees said that they will be more loyal to a business if it offers more flexibility. In the same survey, 32% said that they had left a job because of the lack of flexibility.
Case Study 2
A study by Stanford University found that employee turnover was reduced by half when they were offered remote work options.
Case Study 3
A team of researchers analyzed telecommuting effects on performance and found that offering employees to work from home can be as good as cash bonuses when it comes to motivating and retaining employees.
3: Remote employees are happier and more satisfied
In a recent survey of more than 3,400 employees, 45% of remote workers said they love their job. This is almost double than the onsite workers. Just 24% of them shared the same sentiments for their employers. Work from a place of your convenience saves you from the daily frustration of getting stuck in traffic or peak-hours of public transport.
4: Remote workers don’t suffer from job-related stress
Job stress is real. It can take a toll on your emotional, as well as physical health. It is so bad that people consider going to work as the least preferable choice from a list of 40 activities.
Things can change when employees are allowed to work from home. The comfort of home doesn’t allow stress to build up. You can take a break well before the point of nervous breakdown. Similarly, one to one meetings with your boss or managers are not as stressful.
Case Study52% of workers across many different professions said they feel stressed at work. 60% think that work-related stress has increased in the past few years. This is your problem as an employer, as much as it is theirs. Stressed and disinterested employees cannot perform at a high level. Most of them just try to fake work and look busy at the office.
5: Remote workers are healthier
Most office jobs these days involve sitting all day long. Sitting for long hours is linked to many health problems and early death.
Experts recommend mixing it all up. You must stand up for five minutes after every 20 – 25 minutes of sitting and walk around for a couple of minutes. As a result, problems like obesity, diabetes, high cholesterol, and blood pressure keep increasing in office workers. Work from home workers are less likely to suffer from these problems.
Case StudyHere’s the risk of contagious diseases and spread of germs. Research shows that people sharing an office take more sick absences than the ones working alone.
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