There are many reasons why working remotely can be a great thing for your company. Employees who work from home have been shown to be more productive than those who work in an office environment.
Remote jobs also reduce the expense of real estate, which is a bonus for any business owner! In this blog post, we will explore how remote jobs can help you and your team reach peak productivity levels while saving money. Working from home reduces the time it takes employees to get to work. Employees are able to balance a remote job and family, which is important for many people who want or need flexible hours. This will help create a better work/life balance that can lead to increased productivity as well. This is especially true for employees who need child care or eldercare services outside of their home. Working from home makes these situations easier to manage by allowing them to keep working without having to find another job in order to maintain a good quality of life.
Employees who feel they can't maintain a good quality of life with their current job will be more likely to quit or look for other jobs elsewhere if given the chance at working from home because it allows them flexibility in time management. Working from home also provides an option for some employees who don't want to commute long distances each day on public transportation, which is often unsafe late in the evening. This benefit alone could save your company money by not having someone require sick days due to illness after taking these long commutes everyday
The average cost per person for one year's worth of commuting costs (vehicle expenses, gas, wear on vehicle, etc.) would be $2,000 to $5,000 per year depending on other transportation expenses such as parking fees, tolls, public transit fare coverage; an employee living well within walking distance may have little, if any, commute-related costs at all, but an employee working from home would have now.
But one might think, whatever is saved in commuting is spent in electricity bills. But not quite.
Yes. There is an added (electricity) expense when working from home. But that amount does not go into the commute cost saving. A California study showed that residence spent $176 more on electric bills for the year during the peak of the pandemic, when lockdown orders and work-at-home initiates here at there highest. That is an average of $19.60 per month, compared to as much as $416.70 while commuting. Of course, the amount of savings an employee could receive from working from home would depend heavily upon their current living situation and what they currently pay for utilities.
One should also take into account that even though one needs internet service when working form home, it's likely an expense they would have already have. And it is certainly more affordable than paying for expensive cellular data packages every month while commuting long distances via automobile or public transit.
But employers might wonder, what are the benefit to my company? The key benefits for employers are employee retention and recruitment. A recent Gallup poll found that 47% of workers surveyed preferred to work remotely, but only 13% had the opportunity to do so. An exhaustive study by Standford on 16,000 employees during the course of 9 months found that people who work from home are 13% more productive.
To help your team make the best transition from in-office work to working form home, we recommend following these guidelines:
Choose a day of the week that you and your team will work from home. There is no need to go all-or-nothing. Test out the idea of working from home for a day or two to see what it's like.
Have a set start and end time so employees can plan their work accordingly. Unscheduled work hours often lead to a situation in which people are working out of sync at the risk of missing deadlines and reducing productivity.
Experiment with breaking up tasks into smaller chunks so that you and your team can work without getting overwhelmed with your new setup.
Use tools like Teams, Zoom and Google Hangouts to communicate in real-time and even have virtual face-to-face meetings with colleagues.
Set up designated time to talk with colleagues, clients or vendors. These conversations should be scheduled at specific times in order for both parties to have some level structure and not feel like meetings are unexpected or a burden.
Set up a weekly or monthly meeting where you and your team can discuss feedback, give each other assignments and talk about upcoming projects
Use online collaboration tools like Google Docs for coauthoring documents or uploading presentations which need multiple people's input and feedback before they are finalized. This way communication can happen without sacrificing productivity!
And don't forget to take advantage of all those hours spent commuting - set aside some dedicated time during your workday to exercise, read business magazines or catch up on other tasks not related to your job duties but may be crucial components of your life balance.