Nowadays, working remotely has become a trend. In this era of technology, apps, communication, and video conference tools which make remote working more accessible, working in an office has become less of a necessity for many businesses.
A survey conducted by remote.co found that the remote workforce is increasing rapidly. As per the survey, 66% of companies have allowed their employees for remote working out of it 20% are fully remote.
Remote Working is on The Rise
When it comes to reducing business operating costs and managing work-life balance, remote working becomes a choice for every business and individual. Here are some stats, confirming that remote working is on the rise.
- 70% of professionals work remotely for at least one day each week.
- 56% of startups around the world have outsourced their work to remote workers.
- Employee retention rates rise by 10% in organizations.
- 39% of people working from home complete their tasks faster than those in traditional workplaces.
- 82% of remote working employees report lower amounts of stress than their traditional offices.
- 30% of remote working employees said that telecommuting helped them to fulfill more in less time.
- Companies of all sizes report large reductions in operating costs after implementing remote working strategies.
- 48% of remote workers say that working away from the office helps them to improve their motivation levels.
- 32% of staff find it hard to switch off in their personal time if they work remotely.
Remote Work Brings Many Advantages
One of the most crucial benefits that come with working remotely is Productivity. Employees who work from home are more productive than their office counterparts. As the home is likely to be a more productive environment than a traditional office, employees can set-up a place at home where nobody will distract them, which further helps them to produce higher productivity.
Hire More Talent
Hiring remote employees allows managers to choose ‘the best of the best team’. Employers will be able to focus on hiring talented employees from anywhere in the world who have the necessary skills required for a particular job.
Employees, working remotely, complete their projects and tasks with full quality as they are skilled enough for particular tasks. they lead to speedy and quality delivery of the project.
There is also the biggest benefit of hiring a remote team, when it comes to employee retention rate, employees will be more loyal to the organization if the organization gives them more flexibility because it is the biggest requirement of many.
Hiring a remote team also gives managers financial benefits as they can save a lot of money on necessary pieces of equipment, office workspace, and lower employee salary. According to the studies, Organizations save an average of $11,000 per year per remote employee, which is 21% more profitable.
The Downsides of Remote Working
There are also some significant disadvantages with remote work like lack of communication, using high-cost communication technology, lack of relationship among coworkers, it leads to social isolation, and sometimes it creates conflicts. Employees who work from a particular location with a poor internet connection many times face difficulties when attending online meetings.
The other major concern among the managers is whether employees who are hired for work remotely are keeping up their responsibilities properly or not. Are they really productive or not?
So, is it Really Productive?
It is clear that remote work is rapidly growing and already getting more popularity even before the global crisis. Remote teams can produce much better results and save you thousands in cost.
Managers need to implement some great strategies to reduce the potential feeling of isolation among remote employees. Measuring employee performance and productivity might be a little difficult at first but there are a number of Employee Monitoring and Time Tracking Tools in the market which can further help both employers and employees produce greater productivity.
If the organizations are able to manage the cost of technological aspects then hiring a remote team can be a good option and they can definitely get benefits from the remote team while using the employee monitoring tool.