I've hired teams remotely for a decade now, and there are always challenges... Pandemic Unemployment Assistance, or PUA, is a federal program available... As of April 23, both programs are out of funding, but Congress has passed... Steps companies can take to build and maintain a successful remote workplace, Catherine is a freelance writer based in Oaxaca. Remote Access Solutions for Businesses: What You Need to Know Remote work, or working from home, is becoming more and more popular among several types of businesses. Managers don’t need to understand an employee is working by seeing that employee working; they can refer to the metrics and outcomes they’ve set for employees to confirm this. For companies that pride themselves on inviting employees to bring their full selves to work, this may mean showing leniency with grace when an employee can’t make a mandatory meeting because of difficulty securing childcare. https://setapp.com/how-to/facebook-video-chat-for-group-calls, Follow Crucial Tips To Buy Sofa Cover in Your Budget, Businesses that Need Age Verification Online. Employees also have different times at which they are their most productive. This week, we’ll delve into the benefits and risks of remote work for workers. This is because they can lease smaller offices while having fewer overheads, such as power, heating, and water. Small businesses have, in the past, had to hire sub-par talent due to budget constraints as well as the lack of prestige that more prominent companies hold. Some are night owls and work best at night, whereas others are early birds. Vincent Scaramuzzo, president of executive search firm, Ed-Exec, Inc. said there’s a simple way around this. The management can quickly tell the non-essential staff to work from home until the disaster passes. For remote environments, formalized expectations for employees give the manager a way to tangibly measure what was formerly qualitative. Like many New Englanders, her first job was at a local Dunkin’ Donuts. This means they will be able to communicate with clients that are also using the latest technology. 36% of employees would prefer flexible work arrangements for a pay rise. A visit to a modern office building shows how employment patterns have changed over recent years. Dave Collins, CEO and Founder of interactive training firm Oak and Reeds, said employers need to check in with themselves to ensure their virtual values are aligned with their company values. No office costs, employees living in less expensive areas don’t ask for high salaries, etc. In order to retain and attract talent, companies are feeling the pressure to go remote. Because that’s part of the deal, of the agreement you make with employees when they come on board.”. He has 7+ years experience in SEO, SMO, SEM, Online reputation management, Affiliated Marketing and Content Marketing. This includes attracting and retaining top talent, high employee engagement, and cost savings. An office will not be able to accommodate all the different preferences. The benefits employees have are reflected on companies to help them achieve better results. You can advertise remote jobs online and receive applications from qualified candidates all over the globe. It builds trust and increases productivity. Apart from protecting people from spreading diseases, remote work has many more benefits for businesses and employees as well. Error logging in. Employees can organize their time and projects to capitalize on their productive hours and work style while still meeting goals. There’s a lot to be said for having a good relationship with … In order to pass the CAPTCHA please enable JavaScript. But a successful and satisfying remote work arrangement takes more than just migrating your existing way of doing business online. When she’s not writing, Catherine’s evangelizing remote work and improving her Spanish. Companies that have many remote workers can brag about reducing their carbon footprint. She writes about human capital trends, emerging tech, and the future of work. How Music is Effective for your Health Development? Does a new start up business qualify for the PPP Plan? Others prefer working at a desk, and some may work the best lounging on their couch with their favourite music playing. Keep reading for nine major benefits your business could gain from embracing remote work. The employee would be able to set up shop from a hotel room or rented house. November 11, 2017 By WorkSocial Editorial The face of traditional businesses is changing. By integrating the cloud into the way they do business, 70 percent of small-to-medium-sized businesses report reinvesting saved money back into their business—something that couldn’t be done before due to significant office expenses. Not only has the typical workweek changed, but the workplace is evolving as well! Companies that haven’t restructured to allow remote work will not be able to attract and keep the best talent. Employers and workers laud the benefits of remote work like cost savings on rent and utilities, less time spent commuting, and greater flexibility to organize their day. These younger employees demand flexible work environments that suit their schedules and life goals. Broadly speaking, there are four main areas of your business that will benefit when you implement remote working.. Business Finances Want to know if you’re ready for permanent remote work? If half the total number of US workers stopped commuting to work, the atmosphere would be spared more than 50 million tons of greenhouse gases. The World Is Your (Hiring) Oyster. Remote Working Can Be Hugely Beneficial For Your Business. Work Anytime and Anywhere. For employees, the benefits of remote work from home are quite obvious. If your small business doesn’t have any remote work arrangements, then you are in the minority. This will set you apart as an innovative company that modern consumers and employees will want to associate with. One of the best part for remote working is that you can begin to work from anywhere and anytime. A business owner who implements a work at home policy gains an edge over competitors who don't allow telework. Working from home reduces the number of employees driving to work. Stay connected for the latest updates. Your email address will not be published. A remote work policy doesn’t just save on commuting costs, it also reduces business overheads. Employers and workers laud the benefits of remote work like cost savings on rent and utilities, less time spent commuting, and greater flexibility to organize their day. How to Choose the Best Hydroponics Accessories for Happy Planting? A Primer for Small Businesses. How can I apply for an EIDL for my small business? Another benefit of remote work is that it allows companies to be agile. You can use the form on this page to apply for the Paycheck Protection... Hi Eileen! They think about the savings. Find out today. Your employees may be up with the latest communication software. Employees aren’t the only ones who benefit from working from home; a company can benefit just as greatly from a remote employee. “To alleviate this concern, small business owners can focus on tracking output rather than input — measure employee performance, and not what they are doing every minute of the workday.”. Remote Work: Awesome Benefits of Businesses Having a Remote Office. Here are some essential best practices for establishing an ideal remote work environment. This can affect things like waking up early, dressing up, and commuting to the office. As a small business owner, you may be wondering about the benefits of remote work and if it is suitable for your bottom line. One of the main benefits to remote working is that it saves your business money: 82% of companies say that remote working benefits their business. How Remote Work Benefits To Your Business Posted on February 9th, 2017. To prove this point, remote workers reported 41% lower absenteeism and 13% higher retention rates than office workers. Do I have to go back to work if my kids are still out of school? For more tips on how you can put in place remote working, read the rest of our blog. Flexible practices also increase commitment and loyalty of staff members. Analyze office communication practices through the lens of remote work, and make sure you’re clear about expectations around it, When working remote, reflect your company values in your virtual behavior — such as understanding childcare and mental health needs, Managers don’t need to understand an employee is working by seeing that employee physically working; they can refer to the metrics and outcomes they’ve set for employees to confirm this, Remote First! Allowing employees to work from home can save money, always a concern for small companies. So, it is something that benefits you … Some of my small business colleagues have balked at the notion of having remote work be a commonality in their business. There are financial benefits of going remote with your business. Demonstrating your environmental consciousness will make your brand more appealing to consumers and could increase your sales. More important than how you communicate is that you’re clear about expectations around it. Remote work equals an increase in productivity. However, there are issues that arise when employees work remotely that can have a real negative effect on businesses. However, I believe that there are vast benefits to supporting a remote work culture. Hear from 3 company leaders on how their businesses are receiving the benefits of remote work. The Financial Benefits of Going Remote with Your Business. Fewer people in the workplace means less office space, which cuts the cost of the lease along with heating and cooling rates, lighting, and other expenditures. Benefits of Remote Working for Employees and Employers. Setting up your business for remote work will help you stay up to date with innovations in technology. Remote working arrangements also make it easy for companies to operate even during natural disasters, national emergencies, or disease outbreaks. Love Story Turns 50 and We Still Remember the Fashion. But they’ve been able to bridge the gap thanks to the right tools and by setting expectations. The Remote Working Revolution is in full swing, More than ever, employees are searching for smart work models that will give them the flexibility that they crave. Another benefit of remote work is that it helps cut your wage bill. Businesses can save on rent and utility costs as less office space is required. They are wrong. Modern workers prefer flexible work arrangements to a prestigious job position. The benefits to employees of r emote working are often obvious. This is something that provides them with greater freedom and flexibility as well as saving them a lot of money on travel in some cases. See trends in health care coverage among small businesses, An editable .docx template preloaded with tools and tips. You can read more about her at, Check our complete solution to shop, compare, manage and administer benefits in minutes. Telecommuting can limit absenteeism, increase productivity and save money. Your email address will not be published. Those who have embraced new technology and the remote way of working have seen their businesses flourish with employees who have found a new lease of life in the way they work.. Studies have found that remote staff are generally happier and stay in their jobs longer, (thanks in no small part to not having to rise early and engage in stressful and time-consuming commutes). But that doesn’t mean it’s inferior or difficult, just different. Most important is to recognize remote work and workers as having specific needs, then removing obstacles and providing the right resources for them. Check out this article for help with setting up Facebook chats for your meetings https://setapp.com/how-to/facebook-video-chat-for-group-calls. However, small business owners need to consider how they’re operating in order to reap the benefits of working remotely. They include the elimination of a daily commute and the ability to design work environments and schedules that suit them. This is beneficial in many ways. Remote work resolves the issue of social distancing and more. The majority of the current workforce are Millennials, and Generation Z. The costs of doing business are astronomical. Offering remote work widens the talent pool and allows for a truly global workforce. Could an Early Retirement Package Incentivize Employees to Retire? Remote work overtakes the office space . Save my name, email, and website in this browser for the next time I comment. But a successful and satisfying remote work arrangement takes more than just migrating your existing way of doing business online. As the initial shock and awe of the COVID-19 pandemic fades, so too has the curtain dropped on the employers unwilling to support their employees through the ongoing challenges of today. What are your main challenges when hiring remote? Everyone thinks “money” when they think about remote work. This is a win-win situation as you would get happier, more productive employees that demand less in salaries. Analyze office communication practices through the lens of remote work. Remote working can have significant benefits for many employees, which explains why half of the UK's workforce is set to be remote working by 2020. With remote work capabilities, your business will be able to hire labour from all over the world. Employees in other countries may ask for less in pay than American employees. In physical office environments, many managers visually check in on employees. The key to differentiating between a workplace fad and an economic strategy lies in the hands of the businesses. Remote employees tend to be happier than office employees because they have greater autonomy over their days. I am on leave due to no schooling for kids under the COVID-19 act. At 10x Management, we have a great deal of experience placing high-level freelance tech talent in both onsite and remote positions. On top of access to a more excellent pool of candidates, businesses may get cheaper labour from countries with a lower cost of living and lower salary demands. “We’ve been able to work through this by getting accustomed to Slack and Zoom, detailing action items in Zoho Projects, and setting some ground rules,” he added. A Primer for Small Businesses. Why Cordless Window Blinds Are So Desired in 2021, Thermal Scanner and It Intelligence-A Detailed Discussion. They are even willing to leave their onsite roles to work for a remote-friendly business. One of the most important benefits of using remote access is the flexibility that it can bring to your business. Fashion. This increases your company’s diversity and makes it easier for small businesses to operate globally. During the pandemic, the key to entrepreneurial survival has partly relied on remote working best practices for small businesses. December 10, 2020. Employers today are grappling with an existential … Or it could look like offering team members additional PTO to take a much-needed mental health day. SMEs with a relatively small number of staff compared to a large corporation need to be as agile as possible in order to compete in the marketplace. Hiring remote employees is one of those new things a small or medium-sized business can tap into. Communication on remote teams is different than that of the office. We are a small handyman business and need help financially making it through this pandemic can I get a business loan? Workest is here to empower small business with news, information, trends, and community. Required fields are marked *. They can choose when, where, and how they want to work. This could be because remote workers can create a personalized work environment that is free from distractions. Companies that have remote work infrastructure can quickly deploy someone to another state or country if an opportunity arises. Do you “pop over” to a colleague’s desk when you have a question? Some people prefer to work while sitting outside in nature. Here’s where to start. 1. Remote jobs save organizations an average of $11,000 every year per worker that works from home 50% of the time. The employee would be able to set up shop from a hotel room or rented house. December 11, 2020. Not only that, but you may be missing out on many of the benefits mentioned above. Please check your login credentials and try again. “How we can help them continually show up for their company values while working remotely. Do you rely heavily on in-person meetings? Fall and Winter 2020 Fashion Trends that We Love. yet. Over the last five years, the number of remote workers in America has risen by more than 44%. Async is highly effective but the switch can be jarring for businesses that rely on quick answers and responsiveness. But when working from home, they are less likely to call off sick or report for work late. When done right, with the proper technology and the right management in place, remote work is a major competitive advantage for any company seeking an edge. Many times, employees call off sick due to depression and a lack of mental capacity. Where to find mask signs for my business? Workest is powered by Zenefits. Streamline onboarding, benefits, payroll, PTO, and much more with Zenefits. Last week, we published a detailed article explaining the benefits of remote work for businesses. “That’s one of the biggest things I’ve been working with clients on,” said Collins. Not having a daily commute will also cut instances of lateness as well as absenteeism. They were allowing your employees to work from home cuts the amount of time spent commuting. Remote Work is a Competitive Advantage for Businesses It’s clear that remote work provides many benefits for businesses that far outweigh the risks. Companies that have remote work infrastructure can quickly deploy someone to another state or country if an opportunity arises. The biggest benefit to businesses is that remote work and flexible practices will help recruit and retain talented staff. Hardik Patel is a Digital Marketing Consultant and professional Blogger. Businesses large and small have begun to realise that allowing their employees to work remotely, at least some of the time, brings significant cost saving benefits to the enterprise and enhances the efficiency and work life balances of their staff. If you’re remaining remote, make sure you reflect your company values in your virtual behavior. During this time, they can use tools such as Facebook video chat for group calls to hold meetings. But the advantages of working from home aren’t undeniable for employers. Remote work can be great — it can be collaborative, productive, and deeply satisfying. 9 Incredible Benefits of Remote Work for Small Businesses. This time has forced many companies into remote work arrangements. With the advent of high-speed internet connections, Skype, and online conferencing, the rush to be sitting in an office eight to ten hours a day … Small businesses power the economy. This figure may rise even more following the COVID-19 pandemic. To learn more about how remote work can positively impact your business life, check out the following list of the top 4 benefits of working remotely. And more and more of us – freelancers and small business owners included – are doing it, especially as larger companies realise the benefits involved. Probably because you don't use Zenefits It reduces the amount of expensive office space required, and … Businesses that have a large percentage of remote workers save a lot of money. If making remote work permanent in your business is a commitment you’re weighing up, let me provide some incentive by listing a few benefits that I have seen by doing so. Remote Work or Return to Work? By doing business the way it’s always been done — with an office space, by investing in everything necessary to fill that fancy office, and adding unnecessary additional commute costs for your employees — you could be seriously harming your enterprise in the long run. These companies may also need less equipment and furniture as the employees may opt to use their own. Read more: Remote First! But a remote work set-up can give small businesses access to the best available talent in the world. New 2021 Paycheck Protection Program Funding, Biden’s Plan to Increase the Federal Minimum Wage. If corporate leaders throughout the world believe remote work is … But what about the benefits to you as the business owner?. Research has proven that teleworkers are 20-25% more productive than office workers and produce work with 40% fewer defects. Get back to business with an all-in-one HR platform by Zenefits, Join the Workest community to ask questions in our community, bookmark articles, and receive our weekly email. Hi Nick. Sometimes called telecommuting, it helps companies cut overhead costs and facilitate a more “work on your own schedule” situation for their employees. The money they save can buy experiences or items that the employee cares about, which further increases engagement. Are you an email company or an intra-office messenger company? Focusing on how to make remote work, work is more impactful than celebrating why it does. Getting Dressed with Nowhere to Go: … First, employees deal with less stress getting to work every morning, so they are more productive at the start of their day. Another benefit of remote work is that it allows companies to be agile. 42% would be willing to take a pay cut of 10% to have flexible work arrangements. Exposing the... My Employee Asked to Work Remote … Should I Allow it. “Remote work has grown steadily since 2005 as more companies of all types—private, public, nonprofit, and startup—recognize the bottom-line benefits of integrating remote work into their business strategies,” says Sara Sutton, Founder, and CEO of FlexJobs. Employees working remotely also save money on transport, business attire, and eating out. Deliblogic.com is the platform where you can find daily updates about Online Marketing , Business, Technology, eCommerce & Lifestyle. “We had become reliant and comfortable with in-person and 1:1 meetings to set priorities, clarify miscues, and inspire a sense of togetherness,” said Halloran. Casey Halloran’s travel agency Costa Rican Vacations experienced a few challenges with communication after going fully remote because of the pandemic. While many remote-first companies rely on asynchronous communication, there is no one-size-fits-all answer. Here are some of the advantages businesses can benefit from when they offer employees remote work: Higher employees productivity Consider your current communication styles at your small or medium-sized business. Here are some advantages of remote working to keep in mind. Start at your SMB by getting clear about communicating, staying true to company values, and focusing on metrics that matter. Fashion News; Shopping; California Breeze ; Stylish Accessories Your Wardrobe Needs This SS21 Season. Spending too much time on HR, not your business? Another excellent benefit is that people love to be given the opportunity to work remotely. January 7, 2021. The Fashion receive applications from qualified candidates all over the last five years, the employees! Experiences or items that the employee cares about, which further increases engagement can..., such as power, heating, and some may work the best part for remote working can be Beneficial. Happier, more productive at the start of their day remote access is the platform where you can in... Posted on February 9th, 2017 new start up business qualify for the Paycheck Protection Program,... To company values in your Budget, businesses that rely on asynchronous communication, there is no answer... To know if you ’ re operating in order to reap the benefits employees have are reflected on to... 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