Here are 5 Major Reasons!
World has witnessed Remote work becoming mainstream in 2020 and more so in 2021. As remote work has grown from a nice-to-have perk to an expectation by almost all job seekers. There are several studies conducted in the last two years indicating that it is beneficial for both the employees and the employers. Let’s see some of the benefits of Remote work
# Increase in Productivity
A two year study by Stanford University shows an astonishing increase in productivity among the people who work from home. The work-from-home employees work a true full-shift (or more) compared to being late to the office or leaving early multiple times a week.
They take shorter breaks, sick days are lower and less time off. It is also found that it is less distracting and easier to concentrate at home.
Did I mention about reduction in the carbon footprints?
# Decreased in employee attrition / Increased Loyalty
The same study by Stanford University indicated that employee attrition decreased by an incredible 50% among the people working from home.
In another study 81% of the survey respondents revealed that they’d be more loyal to their employer if they had flexible work options.
# Healthy workforce
A Flexjob survey about ‘how work impacts mental health’ shows that 2100 people out of 3900 surveyed reported that they had mental illness such as depression and anxiety. A staggering 80% of them state that having a flexible job would help them manage their mental health better.
A lot of people working from home reported to have taken up some form of exercise, the choice of food has also become better for work from home employees, improving their overall health parameters.
# Cost reduction for Employers
Unlike the popular belief that Work from home is only beneficial to the employees. Work from home or hybrid model means reduction in office space and that results in cost saving. Companies also save the transportation cost, food/pantry expenses,
Global Workplace Analytics’ estimates an average savings of $11,000 per half-time telecommuter per year. The primary reasons for the savings are increased productivity, lower cost of office space, reduced turnover, and better disaster preparedness.
# Increased in workforce diversity
Building a strong remote team helps companies to create a well diversified workforce. Enabling them to tap into the best talent who vary in gender, race, ethnicity, geographic locations.
People from various geographies can get opportunities based on their skills and ability, rather than where they live.
I agree that not all jobs are made equal like everything else. Not all jobs are perfect to work from home, even a few days a week. This is the time to erase the stigma about work from home in general. I would go ahead and say that it is time ‘working from home’ to formally find a home in your company’s portfolio of engagement tools.
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