The Benefits of Remote Working for Business
Remote working isn’t just about a dress code of pyjamas. Or not having to label your lunch in the shared fridge. Your soundtrack doesn’t have to be daytime television. And you don’t need to stay home to do it. Anywhere with decent WiFi and a clear work surface will do.
No. With the workplace being increasingly digital rather than physical, there are fewer reasons to confine all employees to the same four walls.
In fact, for many, there’s no need for walls at all!
How Do Companies Benefit from Having Remote Workers?
Let’s start with productivity. Remote teams have shown productivity levels of almost 2.5 times that of office-based staff. That’s two-and-a-half employees for the price of one!
Less than the price of one actually.
Not only are you getting more value for your staffing costs, but these very same costs have actually been shown to reduce, on average by $11k per person per year. That’s money that can be invested elsewhere, such as in growing the business.
When employees don’t need to live within a certain radius of the office, it opens up a global rather than local talent pool. Gain international perspectives and make your hiring more competitive by looking further afield.
On the administrative side of things, you can save some HR headaches by having fewer sick days amongst your staff.
A lot of illnesses that would keep someone from making it into the office, won’t necessarily keep them away from their laptop or tablet at home.
What About Remote Employees?
Part of the boom in remote working is rooted in the flexibility it offers. While you can still have fixed meeting times for video-conferencing or Slack chats, it allows employees to manage their work/life balance much better.
Deadlines are still met, but employees get more control over when the work is done, allowing them to juggle childcare and other commitments.
Perhaps best of all, remote working does away with the dreaded commute.
No more playing sardines on public transport before you’re even awake.
No more staring at another car’s tail lights for an hour before you’ve had breakfast.
That’s otherwise wasted time that your employees now have available again. And they can make it part of their working hours. So everybody wins.
And let’s not forget the cost of commuting.
Petrol, diesel, train and bus tickets, or Oyster cards. The annual costs all add up.
Taking this into account, employees are likely to be more flexible on salary when they can save the equivalent of $5-7k a year on travel.
How Do Clients Benefit from Working with a Remote Team?
The reduction in costs for the company, is passed on to the clients. Simple as that.
Companies with a remote workforce can provide lower quotes (this is the beauty of not having to cover as many overheads). The more competitive the prices, the better for your clients (and the longer you’ll keep them).
That global talent pool mentioned earlier, is available to the client too, and with more flexible employment arrangements, they don’t have to commit to big teams long term. It’s much easier to vary by project.
It also provides global perspectives in-house, as needed. And, more importantly, a variety of perspectives and experiences to draw on.
Remote Working: The Future
More and more companies are moving to the remote working model; enjoying the reduction in costs, increased productivity, and happier employees. Whether they’re working from home, the coffee shop, or a hotel lobby, it gives maximum flexibility on all sides.
At Social INK, we’re big fans of remote working (it’s how we got round to creating this post). Our team is ready to help you handle your content and social media, so why not get in touch?
You can reach us in a number of ways, but if you want to jump straight in and have an account manager call you, start with our contact form.