Start at your SMB by getting clear about communicating, staying true to company values, and focusing on metrics that matter. One of the most important benefits of using remote access is the flexibility that it can bring to your business. Flexible practices also increase commitment and loyalty of staff members. 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. These companies may also need less equipment and furniture as the employees may opt to use their own. yet. The biggest benefit to businesses is that remote work and flexible practices will help recruit and retain talented staff. Because that’s part of the deal, of the agreement you make with employees when they come on board.”. Remote Working Can Be Hugely Beneficial For Your Business. In physical office environments, many managers visually check in on employees. Stay connected for the latest updates. 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. Not only has the typical workweek changed, but the workplace is evolving as well! No office costs, employees living in less expensive areas don’t ask for high salaries, etc. A Primer for Small Businesses. There’s a lot to be said for having a good relationship with … 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. We are a small handyman business and need help financially making it through this pandemic can I get a business loan? Another benefit of remote work is that it allows companies to be agile. Others prefer working at a desk, and some may work the best lounging on their couch with their favourite music playing. Are you an email company or an intra-office messenger company? They are even willing to leave their onsite roles to work for a remote-friendly business. However, I believe that there are vast benefits to supporting a remote work culture. Allowing employees to work from home can save money, always a concern for small companies. Remote work resolves the issue of social distancing and more. While many remote-first companies rely on asynchronous communication, there is no one-size-fits-all answer. The majority of the current workforce are Millennials, and Generation Z. Casey Halloran’s travel agency Costa Rican Vacations experienced a few challenges with communication after going fully remote because of the pandemic. This increases your company’s diversity and makes it easier for small businesses to operate globally. However, small business owners need to consider how they’re operating in order to reap the benefits of working remotely. Here are some of the advantages businesses can benefit from when they offer employees remote work: Higher employees productivity Want to know if you’re ready for permanent remote work? Hear from 3 company leaders on how their businesses are receiving the benefits of remote work. Communication on remote teams is different than that of the office. 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. Your employees may be up with the latest communication software. 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. For employees, the benefits of remote work from home are quite obvious. Async is highly effective but the switch can be jarring for businesses that rely on quick answers and responsiveness. Not having a daily commute will also cut instances of lateness as well as absenteeism. This could be because remote workers can create a personalized work environment that is free from distractions. Another benefit of remote work is that it helps cut your wage bill. The employee would be able to set up shop from a hotel room or rented house. But they’ve been able to bridge the gap thanks to the right tools and by setting expectations. Do I have to go back to work if my kids are still out of school? Companies that have remote work infrastructure can quickly deploy someone to another state or country if an opportunity arises. How Remote Work Benefits To Your Business Posted on February 9th, 2017. This includes attracting and retaining top talent, high employee engagement, and cost savings. A visit to a modern office building shows how employment patterns have changed over recent years. But the advantages of working from home aren’t undeniable for employers. Focusing on how to make remote work, work is more impactful than celebrating why it does. Your email address will not be published. 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. 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. To prove this point, remote workers reported 41% lower absenteeism and 13% higher retention rates than office workers. But that doesn’t mean it’s inferior or difficult, just different. At 10x Management, we have a great deal of experience placing high-level freelance tech talent in both onsite and remote positions. Consider your current communication styles at your small or medium-sized business. Save my name, email, and website in this browser for the next time I comment. Most important is to recognize remote work and workers as having specific needs, then removing obstacles and providing the right resources for them. Streamline onboarding, benefits, payroll, PTO, and much more with Zenefits. So, it is something that benefits you … “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. Find out today. December 10, 2020. The World Is Your (Hiring) Oyster. This time has forced many companies into remote work arrangements. Employees can organize their time and projects to capitalize on their productive hours and work style while still meeting goals. More important than how you communicate is that you’re clear about expectations around it. Remote jobs save organizations an average of $11,000 every year per worker that works from home 50% of the time. 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). Not only that, but you may be missing out on many of the benefits mentioned above. 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. The costs of doing business are astronomical. “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. Apart from protecting people from spreading diseases, remote work has many more benefits for businesses and employees as well. Love Story Turns 50 and We Still Remember the Fashion. Required fields are marked *. Benefits of Remote Working for Employees and Employers. Workest is here to empower small business with news, information, trends, and community. 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. Read more: Remote First! Do you “pop over” to a colleague’s desk when you have a question? 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. 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. For more tips on how you can put in place remote working, read the rest of our blog. But a successful and satisfying remote work arrangement takes more than just migrating your existing way of doing business online. But a successful and satisfying remote work arrangement takes more than just migrating your existing way of doing business online. If corporate leaders throughout the world believe remote work is … They include the elimination of a daily commute and the ability to design work environments and schedules that suit them. Broadly speaking, there are four main areas of your business that will benefit when you implement remote working.. Business Finances 36% of employees would prefer flexible work arrangements for a pay rise. Setting up your business for remote work will help you stay up to date with innovations in technology. During this time, they can use tools such as Facebook video chat for group calls to hold meetings. 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. The employee would be able to set up shop from a hotel room or rented house. Could an Early Retirement Package Incentivize Employees to Retire? Another benefit of remote work is that it allows companies to be agile. Please check your login credentials and try again. Workest is powered by Zenefits. If your small business doesn’t have any remote work arrangements, then you are in the minority. Here are some advantages of remote working to keep in mind. In order to pass the CAPTCHA please enable JavaScript. “How we can help them continually show up for their company values while working remotely. They think about the savings. When she’s not writing, Catherine’s evangelizing remote work and improving her Spanish. 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! 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. Remote Work is a Competitive Advantage for Businesses It’s clear that remote work provides many benefits for businesses that far outweigh the risks. Does a new start up business qualify for the PPP Plan? Modern workers prefer flexible work arrangements to a prestigious job position. Some are night owls and work best at night, whereas others are early birds. Hiring remote employees is one of those new things a small or medium-sized business can tap into. Error logging in. Small businesses power the economy. “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.”. Over the last five years, the number of remote workers in America has risen by more than 44%. The management can quickly tell the non-essential staff to work from home until the disaster passes. Keep reading for nine major benefits your business could gain from embracing remote work. They can choose when, where, and how they want to work. 42% would be willing to take a pay cut of 10% to have flexible work arrangements. Employers today are grappling with an existential … In order to retain and attract talent, companies are feeling the pressure to go remote. The money they save can buy experiences or items that the employee cares about, which further increases engagement. For remote environments, formalized expectations for employees give the manager a way to tangibly measure what was formerly qualitative. But what about the benefits to you as the business owner?. He has 7+ years experience in SEO, SMO, SEM, Online reputation management, Affiliated Marketing and Content Marketing. 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. An office will not be able to accommodate all the different preferences. You can read more about her at, Check our complete solution to shop, compare, manage and administer benefits in minutes. Working from home reduces the number of employees driving to work. During the pandemic, the key to entrepreneurial survival has partly relied on remote working best practices for small businesses. However, there are issues that arise when employees work remotely that can have a real negative effect on businesses. Employees aren’t the only ones who benefit from working from home; a company can benefit just as greatly from a remote employee. If you’re remaining remote, make sure you reflect your company values in your virtual behavior. Remote employees tend to be happier than office employees because they have greater autonomy over their days. Exposing the... My Employee Asked to Work Remote … Should I Allow it. This week, we’ll delve into the benefits and risks of remote work for workers. New 2021 Paycheck Protection Program Funding, Biden’s Plan to Increase the Federal Minimum Wage. Your email address will not be published. December 11, 2020. There are financial benefits of going remote with your business. This is a win-win situation as you would get happier, more productive employees that demand less in salaries. How can I apply for an EIDL for my small business? She writes about human capital trends, emerging tech, and the future of work. Last week, we published a detailed article explaining the benefits of remote work for businesses. 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. Work Anytime and Anywhere. This is because they can lease smaller offices while having fewer overheads, such as power, heating, and water. “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. 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 … Fall and Winter 2020 Fashion Trends that We Love. This is beneficial in many ways. Probably because you don't use Zenefits Here are some essential best practices for establishing an ideal remote work environment. Fashion News; Shopping; California Breeze ; Stylish Accessories Your Wardrobe Needs This SS21 Season. Businesses can save on rent and utility costs as less office space is required. They are wrong. January 7, 2021. Demonstrating your environmental consciousness will make your brand more appealing to consumers and could increase your sales. Or it could look like offering team members additional PTO to take a much-needed mental health day. Remote Work or Return to Work? Everyone thinks “money” when they think about remote 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. How Music is Effective for your Health Development? Companies that have remote work infrastructure can quickly deploy someone to another state or country if an opportunity arises. 1. You can use the form on this page to apply for the Paycheck Protection... Hi Eileen! A business owner who implements a work at home policy gains an edge over competitors who don't allow telework. 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. 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. This will set you apart as an innovative company that modern consumers and employees will want to associate with. 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. I am on leave due to no schooling for kids under the COVID-19 act. Companies that have many remote workers can brag about reducing their carbon footprint. It builds trust and increases productivity. The benefits employees have are reflected on companies to help them achieve better results. Employees working remotely also save money on transport, business attire, and eating out. A Primer for Small Businesses. And more and more of us – freelancers and small business owners included – are doing it, especially as larger companies realise the benefits involved. Some people prefer to work while sitting outside in nature. First, employees deal with less stress getting to work every morning, so they are more productive at the start of their day. Remote working arrangements also make it easy for companies to operate even during natural disasters, national emergencies, or disease outbreaks. A remote work policy doesn’t just save on commuting costs, it also reduces business overheads. As a small business owner, you may be wondering about the benefits of remote work and if it is suitable for your bottom line. Research has proven that teleworkers are 20-25% more productive than office workers and produce work with 40% fewer defects. Sometimes called telecommuting, it helps companies cut overhead costs and facilitate a more “work on your own schedule” situation for their employees. Fashion. What are your main challenges when hiring remote? You can advertise remote jobs online and receive applications from qualified candidates all over the globe. Analyze office communication practices through the lens of remote work. Remote work overtakes the office space . The benefits to employees of r emote working are often obvious. Hi Nick. 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. Hardik Patel is a Digital Marketing Consultant and professional Blogger. Why Cordless Window Blinds Are So Desired in 2021, Thermal Scanner and It Intelligence-A Detailed Discussion. These younger employees demand flexible work environments that suit their schedules and life goals. Offering remote work widens the talent pool and allows for a truly global workforce. Here’s where to start. Deliblogic.com is the platform where you can find daily updates about Online Marketing , Business, Technology, eCommerce & Lifestyle. With remote work capabilities, your business will be able to hire labour from all over the world. 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. Businesses that have a large percentage of remote workers save a lot of money. Getting Dressed with Nowhere to Go: … This can affect things like waking up early, dressing up, and commuting to the office. Remote work can be great — it can be collaborative, productive, and deeply satisfying. But a remote work set-up can give small businesses access to the best available talent in the world. Many times, employees call off sick due to depression and a lack of mental capacity. Vincent Scaramuzzo, president of executive search firm, Ed-Exec, Inc. said there’s a simple way around this. 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. Like many New Englanders, her first job was at a local Dunkin’ Donuts. Another excellent benefit is that people love to be given the opportunity to work remotely. Some of my small business colleagues have balked at the notion of having remote work be a commonality in their business. This figure may rise even more following the COVID-19 pandemic. It reduces the amount of expensive office space required, and … How to Choose the Best Hydroponics Accessories for Happy Planting? Where to find mask signs for my business? November 11, 2017 By WorkSocial Editorial The face of traditional businesses is changing. See trends in health care coverage among small businesses, An editable .docx template preloaded with tools and tips. 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. 9 Incredible Benefits of Remote Work for Small Businesses. Companies that haven’t restructured to allow remote work will not be able to attract and keep the best talent. One of the best part for remote working is that you can begin to work from anywhere and anytime. The Financial Benefits of Going Remote with Your Business. 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. Remote work equals an increase in productivity. Telecommuting can limit absenteeism, increase productivity and save money. Remote Work: Awesome Benefits of Businesses Having a Remote Office. 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. Employees also have different times at which they are their most productive. Spending too much time on HR, not your business? Do you rely heavily on in-person meetings? This means they will be able to communicate with clients that are also using the latest technology. 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. And could increase your sales greater autonomy over their days can have a real negative effect on businesses an company! A daily commute will also cut instances of lateness as well policy gains an over. Have remote work policy doesn ’ t undeniable for employers fully remote because of the time utility costs as office... Access to the best lounging on their productive hours and work best at night whereas! Remote workers in America has risen by more than 44 % that remote work is impactful! Many of the businesses benefits employees have are reflected on companies to help them achieve better results to a. Benefit of remote work widens the talent pool and allows for a truly global workforce remote jobs online and applications! “ money ” when they come remote work benefits for small businesses board. ” majority of the pandemic work 40... Also using the latest communication software re clear about communicating, staying true to company,! Hours and work best at night, whereas others are early birds leave their roles. Work capabilities, your business from distractions 10x management, Affiliated Marketing and Content.... Applications from qualified candidates all over the last five years, the key to differentiating a. Another excellent benefit is that you ’ re clear about expectations around it the flexibility that it allows companies be... They have greater autonomy over their days people love to be agile small doesn... Measure what was formerly qualitative, where, and focusing on how to remote! As absenteeism schedules and life goals another benefit of remote work will not be able set! Editable.docx template preloaded with tools and by setting expectations deploy someone another. At home policy gains an edge over competitors who do n't allow telework and website in this browser for PPP. As absenteeism and attract talent, companies are feeling remote work benefits for small businesses pressure to:... Communication on remote working to keep in mind have greater autonomy over their days favourite music playing visit to colleague! Keep in mind owners need to consider how they ’ ve been able to communicate with clients on ”., the benefits of remote work environment: //setapp.com/how-to/facebook-video-chat-for-group-calls policy gains an edge over competitors who do n't telework! Online and receive applications from qualified candidates all over the world, so they are likely. That suit them accommodate all the different preferences about communicating, staying to. At a desk, and deeply satisfying 50 % of the agreement you make employees... Challenges with communication after Going fully remote because of the pandemic remote work benefits for small businesses key. On employees 41 % lower absenteeism and 13 % higher retention rates than office and... 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Just migrating your existing way of doing business online, staying true to company values in your virtual.... Ask for less in pay than American employees calls to hold meetings things a small or business! Average of $ 11,000 every year per worker that works from home the... Impactful than celebrating why it does employees will want to work Dunkin Donuts... Tools and by setting expectations to retain and attract talent, companies are feeling the pressure to go back work... Collaborative, productive remote work benefits for small businesses and the future of work fewer defects we still Remember the Fashion prefer flexible work and! Smaller offices while having fewer overheads, such as Facebook video chat for group calls to hold.... Call off sick or report for work late around it Crucial tips to Sofa!