Check out this fantastic article from our Hub Partner Time Doctor on the benefits of hiring remote workers.
Here’s the question: Should you hire remote workers?
Or perhaps an even more profound question: Should you give your current employees the ability to work from wherever they want?
While many managers and business owners will tout the merits of managerial oversight as a primary detractor to not hiring remote workers, studies have increasingly shown that the benefits can outweigh the negatives.
In this article, I want to share with you seven key benefits to hiring remote workers.
1. Workers Feel Connected with Technology
Most employees take communication for granted.
No longer do you need to have an IT guy come to your house and install expensive equipment in order to easily communicate with your team.
Now, all you need is a device or two and a WiFi connection and you have all of the communication amenities of a standard office.
In fact, according to a ConnectSolutions study, “80 percent of surveyed remote workers reported feeling more connected to their co-workers, particularly when their remote work practices were supported by unified communications.”
Technology has given us the ability to communicate across various devices, operating systems, and applications as easily as picking up the phone.
2. Workers Feel More Productive
It sounds a little bit counterintuitive, but remote workers are more productive than their in-office counter parts.
In a recent Global Workplace Analytics survey, it was reported that 53% of remote workers were likely to work overtime, while only 28% of their in-office counterparts suggested they would do the same.
When a person is working from their home, they are insulated from the daily distractions that take place in an office. They aren’t barraged with impromptu meeting requests, or idle chats from colleagues.
Instead they can hone in on the task at hand without interruption.
Finally, not everyone is most productive between the hours of 9-5. Some members of your team will be night owls, doing their best work long after the sun goes down. Other workers will be morning larks, whose productivity comes before the sun rises.
Let’s face it, not all workers will view their new found freedom as a way to become more productive. There will be those individuals in your organization who will become less productive.
One of the keys to a successful remote work organization is the ability to hire the right people.
3. Business Saves Money
Whether you’re a startup or a fortune 500 company, allowing your employees to work remotely will save you money.
Real estate is the most obvious way in which a company will save my by allowing workers to telecommute.
According an article on Sqwiggle.com, “a study sponsored by collaboration software company PGi showed that by switching to telecommuting full time, a business could save $10,000 per employee per year in real estate costs. Expand that out to a 20-person team, and you’re talking serious spending money.”
However, there are other overhead costs associated with having employees on location. Line items like office supply and furniture, janitorial services, and electricity are all reduced.
And finally, allowing employees to work from home reduces the amount of call-ins (people who are likely to call in due to illness or inclement weather).
Unscheduled absences such as these can cost a business up to $1,800 per employee per year.
4. Avoid Stress of the Commute
Let’s face it. Long commutes are terrible.
I’m not stating anything new.
But did you know that long commutes actually make your employees miserable? Swedish researchers have discovered that a commute longer than 45 minutes for just one partner in a marriage makes the couple 40% more likely to divorce.
There’s more. You see, commuting has also been linked to weight gain, increase stress, makes us feel lonely, and is quite literally causes pain in the neck.
Happier employees are more productive employees. This is why hiring remote employees can improve your bottom line.
5. Employees Save Money
It’s not as if businesses are alone in saving money.
Gas prices are in flux, topping out at $4.00 per gallon in some places across the United States. The cost of public transportation is also rising.
Not only are people becoming depressed by their commute, they’re going broke.
According to the ConnectSolutions survey, the average remote worker surveyed said that they save approximately $4,600 per year by working from home – the equivalent of a couple of months in a mortgage payment.
6. Access to Global Talent
When you hire people who need to commute to work, you’re restricting your accessible talent pool to your geographical area.
That said, there is a world of A-plus talent outside of your commuting radius.
Run a startup in Tulsa, Oklahoma?
Well, by hiring remote workers, you’ll be able to hire software developers in San Francisco and Boston.
If you want high quality talent but can’t afford to break the bank, you’ll to find a great full-time engineer in the Philippines willing to work for a fraction of the cost.
To do this properly takes an understanding of the best strategies and tools to source talent globally.
7. Reduce Employee Turnover
Do you know how much it really costs to replace an employee?
Estimates indicate that to replacing an employee making $50,000 per year will cost your business 20% of salary.
Jobs that require high levels of training and education will have even higher turnover costs.
With that in mind, companies are using remote work as a perk to retain their top talent. 95% of employers say telework has a high impact on employee retention.
This comes as no surprise as two thirds of employees say they would take a new job in order to ease the commute.