If we’d tell you that a virtual work setup grants a bucket of good stuff to your business, you might try it out in an instant. We know that nothing comes easy. Everything goes through the trials and errors of hard work. But having a good combination of culture and processes lets you gain success in a remote set-up.
Did you know that remote set-up started before the COVID pandemic? In fact, around 8 million US workers have been working remotely since 2017. It is forecasted to increase to 36.2 million by 2025. With that growing population and demand for remote work, you have to keep in mind how it can help you and your business throttle into the new normal.
Let’s break down 5 key reasons why you can achieve more by going virtual.
Your People are Happier & Engaged
Letting your staff work from home or anywhere increases their welfare. Try asking one of them why it can positively impact them. You’d be surprised to know that there are several reasons why it keeps your employees happier and engaged.
Setting up a remote work or a hybrid of it provides safety and comfort to your employees. During this pandemic, taking care of one’s well-being is everyone’s concern. That assures your employees of being safe and relieved from social anxiety while doing their tasks at home.
Another happy factor is them saving time and cost from commuting. They no longer have to spend unnecessary time traveling to work. Plus, they can convert their commute fares to better use.
Working from home also gives your employees a sense of control. Depending on their personalities and needed work environment, most can focus at home. They are less distracted by the presence and noises from co-workers. They can also have more control over their calendar. They can plot out their schedule and work around their tasks flexibly.
The Best Talents are Just a Reach
Finding the right person to work for your team is vital. As a business owner, you want to have a team whose values and skills fit with what you need. It can be difficult to look for these talents especially when you are limited to a particular locality.
When you decide to go for remote work, this knocks off problems on talent acquisition. Your access to the best talents is limitless. Since you will be operating virtually, you can hire or outsource to any talent located anywhere. Imagine forming a team made up of outstanding individuals across the globe. You can learn from them as they will bring their knowledge and experience to help you grow your business.
Better Performance & Retention
Now that you have the best talents, performance and retention are areas that you want to track. Remote work setup luckily puts the check on these two.
According to Gallup, remote work not only benefits employee branding but is a format that the most talented employees desire. This is because of the flexibility that lowers down their stress turning work into something that can they can enjoy.
Job flexibility results in higher engagement that drives productivity. It is a perfect arrangement for you and your employees as you have efficiency while they have enthusiasm.
Engagement is not merely an exercise for making employees feel happy. It is a strategy for better business outcomes. Highly engaged workplaces are said to have 41% lower absenteeism, 40% fewer quality defects, and 21% higher profitability. It will also increase employee retention that saves you from repeating hiring or outsourcing.
Room for Communication & Innovation
Many have speculated that a remote work setup lacks communication and innovation. That is totally dependent on how you will evolve your company. Just like any opportunity, there are ways on how to make it work to your side.
Virtual work may actually improve your company’s communication and innovation much more. You can shift into an innovative company culture in a digital workplace by prioritizing good communication, using project management tools, and encouraging online learning.
With that being said, it is pertinent to do your homework in laying communication processes, getting applicable tools, and fostering e-learning. You don’t have to worry as there are proven sources and practices available. Just keep your employees involved in the process to ensure that these will work for the majority. By establishing these to-do’s, you are at the start of putting communication and innovation as priorities.
Save Costs & Mother Nature
A big advantage of remote work is cost reduction. Companies protect their bottom line by allowing employees to work from home or anywhere. According to Global Workplace Analytics, 6 out of 10 employers identify remote work setup as a contributor to cost savings.
A breakdown of what you can save includes rent, utilities, cleaning services, food, and taxes. Companies like Dell and Sun Microsystems saved $12 million and $68 million in a year respectively thanks to telecommuting. These savings can be transferred to other projects that you can invest in improving your virtual operations.
Aside from managing financial expenditures, remote work lets you help the environment. You lessen your company’s use of paper and electricity. You can spread the awareness of going saving resources by going green in your digital workplace.
Remote work has indeed become a norm this modern day. Every industry and business can find solutions to make it beneficial for them. Start by asking yourself how it can improve your business and get the feedback of your team. You can then make this article guide you on your checklist!