Working from home employment is more than a lifestyle perk. It tells prospective employees your company cares about the team. Offering your employees the freedom to work from home is known to increase employee engagement. A Gallup survey states, “the optimal engagement boost occurs when employees spend 60% to 80% of their workweek -- or three to four days -- working off-site.” The next time you have a conversation about whether or not to hire remote employees, reference these top five benefits.
1. Lures Top Talent
Remote jobs are appealing to everyone, whether you’re a student, parent, or someone with a unique lifestyle. It is a desirable option for people of all educational backgrounds and experiences. Offering telecommute options can give you the competitive edge you need to lock in top talent.
2. Reduces Cost-Savings
A typical business would save $11,000 per person per year if they offered remote working. Think of all the expenses that would be removed off your budget list, such as no longer needing to purchase cubicles, ergonomic chairs and stationery supplies. Additionally, it can be more cost effective to hire remote employees outside of your office walls to broaden your candidate pool.
3. Increases Productivity
Did you know 77% of people are more productive working at home? If your office is in Toronto or a popular city, the reality of a 1-2-hour commute can create stress and burnout. When employees have the flexibility of working from home, they have less distractions and can be more productive in their own space than in an office full-time.
4. Lowers Work Absences
Canadian workers miss an average 9.3 days per year and it's costing the economy $16.6 billion. With telecommuting, you might find your business having less work absences and higher cost-savings. The primary financial benefits of offering remote work for employers come from lower absenteeism and reduced sick leave.
5. Reduces Employee Attrition
95% of employers say telework has a high impact on employee retention. Some of the major factors that motivate employees to leave an organization include lack of work-life balance and a long commute to work. Offering the ability to telecommute addresses these two motivational factors, and in turn strengthens retention.
How to Find Remote Workers
Most human resources specialists think common sites like Indeed or Monster is the best way to find remote employees. These websites are helpful but limited in finding a diverse group of talent that are experienced in working from home. Freelance sites like Freelancemyway, Hubstaff Talent and Guru are a few of my top recommendations. Feel free to check them out and start growing your remote team.
Remote work experience has financial and productivity benefits for both the employees and organizations. It improves work-life balance, decreases costs, and can attract a higher volume of top talent. I recommend the next you’re advocating for hiring remote employees, turn to this list and prove remote work is worth the investment.
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About the Author
Makeda Waterman is an online media journalist of 4 years with blog features on CNBC Make It., Huffington Post, Glassdoor.com, Elite Daily, Fast Company, among others. She is passionate about helping people improve the quality of their career.