According to Gallup’s State of the American Workplace report, “The optimal engagement boost occurs when employees spend [around] three to four days working off-site.” Need to take a trip across the country to visit family? But a remote employee can still clock in from home or a regional headquarters at their destination, as well as check in, as needed. From working from home to traveling abroad to being in the office one day a week or three, employees enjoy the freedom of remote work. Providing expensed and subsidized meals encourages employee wellness, which can strengthen company culture and benefit your business.
We all may not be physically in the same room, but work can be just as effective, if not more so, than the traditional working model. It’s time for employers and employees alike to embrace the new world of work and to consider the benefits of working remotely. A hybrid model is neither fully in-office nor fully remote, but some combination how companies benefit when employees work remotely of the two. It addresses some of the drawbacks of remote work while retaining its benefits, allowing for in-person interactions, fostering teamwork, relationship-building, and spontaneous idea exchanges. At the same time, it offers employees the flexibility to manage their workdays and maintain a better work-life balance.
Productivity increased 4.4 percent when employees moved from working at home on a limited basis to the location of their choice. Based on a patent’s average value, this productivity gain could add $1.3 billion of value to the US economy each year, the researchers estimate. Fortunately, companies offering remote work can experience a 25% lower turnover than those who don’t. Remote work ensures employees are more likely to stick around and invest themselves into their job with your company.
In a podcast, business magnate and philanthropist Bill Gates recently said that in the pre-pandemic business world, people worried that a client would be offended by a virtual meeting. But, in a post-pandemic world, people will have second thoughts about the necessity of physical meetings. As virtual meetings become a normal business event, the technology will also improve. Next on the list of remote work benefits for employees is that this work model can help you manage your time more effectively. As someone who works remotely, you’ll also have more freedom and autonomy to do your job the way you want to. For instance, you won’t be micromanaged as closely as you might in a traditional office setting.
Sign up for our weekly newsletter
This is a huge advantage for people who have difficulty fitting traditional work hours into their schedules. Recently, there has been an increasing focus on corporate social responsibility. And rightly so, as businesses have a responsibility to act in a way that is ethical and sustainable. This gives them a better chance of finding the best possible candidates for the job, thus improving the workforce quality. Improved performance also affects the bottom line by reducing the need for overtime or extra staff.
This is because the ability to work from home often provides employees with a better work-life balance, which can lead to increased job satisfaction and motivation. The healthier work-life balance can play a significant role in attracting and retaining top talent, as it fosters a more flexible and supportive work environment. Nearly all of the CEO respondents indicated that hybrid work has helped burnish their reputation.
LumApps + Coveo: Helping Employees be Continuously Informed
Studies show that working from home yields numerous benefits for both individuals and their organizations, most notably in the form of enhanced productivity and engagement. But when all or most employees are remote, challenges arise for communication, knowledge sharing, socialization, performance evaluation, security, and more. Companies that let their workers decide where and when to do their jobs—whether in another city or in the middle of the night—increase employee productivity, reduce turnover, and lower organizational costs, new research suggests. At least half of employers responding to remote work surveys report that working from home reduces employee absenteeism. When you trust your employees to shift their work schedules to accommodate their needs, they’re able to get tasks done more efficiently. They’re more readily able to schedule doctor visits, eat healthier food, work out and practice better self-care habits.
One of the biggest benefits of remote work is you’re free to choose your ideal office space. You can play your music, set the temperature however you like, and even arrange your desk according to your needs. Not only can remote work help to save money for people who don’t have to commute to work each day, but it could be an opportunity to earn more too.
It can be hard to switch off at the end of the day
After all, studies show if all the employees in the US who could hold a remote job did, the country could reduce greenhouse gasses by 54 million tons. Employers can even hire different employees from different parts of the world to create an around-the-clock team. For instance, you could hire people from different time zones to give customers a complete 24/7 service experience. According to studies into remote working strategies, people who work outside of the office tend to sleep better, experience less stress, and feel healthier in general. Working remotely can help people to achieve their goals for sustainability, reducing the emissions from commuting alone by around 70 to 140 billion miles each year. More sustainable living also has a direct impact on the health of communities, by reducing air pollution.