Top 3 Benefits of Remote Work

Top 3 Benefits of Remote Work Some decades ago, no one thought about the concept of remote work. By the end of 2018, there were already 57 million Americans working remotely, and that is about 35% of the US workforce. 75% of companies worldwide have already adopted flexible work policies, and over 61% of business owners have reported an increase in their company’s profit after following this trend. In case you are still struggling to understand why remote work has become so crucial to the workplace, the following points should help clear up your doubts. Increases Employee Productivity Remote work allows employees to have flexible working hours and choose the place where they will work. That means that employees can work when they feel they are most productive. That is not the case with 9-to-5 jobs where employees are expected to arrive at work at a specific time and work for eight hours, even if they are not at their peak productivity. US employers lose $1.8 trillion annually due to the lack of productivity caused by employee health problems, distractions, etc. In the case of remote work, over 83% of employers and employees have confirmed that flexible working hours boosted their productivity. Saves Money Remote work is an excellent way for companies to cut costs of office space, supplies, equipment, etc. If employees telecommuted for just half of the time, an average business could save around $11,000 every year. A typical example is American Express that saved up to $15 million annually by introducing telecommuting. Aetna, a health insurance company, also achieved similar results by reducing its total office space by 2.7 million square feet and saving up to $78 million. Gives Employers Access to a Wide Range of Talent in the Industry Remote work helps break down talent barriers and attract people from different locations. The continuous advancement of technology has made communication from any part of the world cheap and effective. For this reason, employers can conveniently reach out to more talented individuals or agencies in the industry, regardless of their location. Check out the infographics that follow to discover more benefits of remote work.