Working from home has become increasingly popular in recent years, and it’s not hard to see why. Employees who work from home enjoy greater flexibility and freedom when it comes to their schedules. They also tend to be more productive, thanks to a lack of distractions and the ability to create a quiet, efficient work environment.
For employers, the benefits of home working are just as clear. Allowing employees to work from home can help to boost morale and increase retention rates. It can also reduce overheads, such as the costs of office space and equipment. In addition, employers who embrace home working can find it easier to attract top talent, as more and more people are looking for jobs with flexible working arrangements.
Ultimately, there are plenty of good reasons for employers to consider letting their employees work from home. We look at the top benefits in more detail:
Reduced office costs
Many businesses are finding that they can save money by allowing employees to work from home. With reduced office costs, such as rent, electricity, and cleaning, businesses can see a significant financial benefit. Businesses can also save on furniture and equipment costs by eliminating the need for cubicles, desks, and other office furnishings.
By allowing employees to work from home, businesses can increase their bottom line (an average of $11,000 or £6,810 is saved per year for every employee who spends half of their time working remotely, according to reports), while also providing a more flexible and relaxed working environment for their employees.
One of the biggest benefits is increased productivity. According to a study by Stanford University, employees who work from home are 13% more productive than their office-based colleagues.
Employees have fewer distractions when they’re working from home, and they can also take breaks when they need to (for example, to make a cup of tea or take a quick walk around the block). However, employers need to consider how they keep their employees feeling connected and ensure they maintain a work-life balance, rather than doing too many hours and feeling burned out.
Improved employee retention
With more and more people wanting to work from home, it’s becoming increasingly important for employers to offer this option. If you want to attract the best talent, you need to be able to offer a flexible working arrangement like home working. And once you’ve attracted that talent, you need to be able to keep them happy – and one way to do that is by letting them work from home.
Access to a wider talent pool
In today's business world, employees are more mobile than ever before. Thanks to advances in technology, they can now work from anywhere at any time. This has led to a decline in the traditional 9-to-5 workday, and as a result, employers are reconsidering the way they do business. For many workers, the ability to have a flexible working arrangement is a key factor in their job satisfaction. Home working can also be an effective way to accommodate employees with childcare, other commitments, or personal requirements.
By offering home working as an option, employers can tap into a larger pool of potential employees and provide their workforce with greater flexibility.
One of the most important things they can do is to keep their employees happy. After all, happy employees are more productive employees. In addition, happy employees are more likely to stay with a company for the long haul. There are several ways to keep employees happy, but one of the most effective is to let them work from home.
This flexible arrangement can lead to increased productivity and decreased absenteeism. It also allows employees to better balance their work and personal lives. As more and more companies adopt this model, it's clear that remote working is here to stay.
This guest blog post was written by Jack Fisher and may not be copied or published without PeopleGuru's express written consent.
Jack Fisher is a business advisor and mentor. He helps businesses adjust to new ways of working and keep up with employee trends. He has worked in many industries, including retail, manufacturing, and healthcare. Jack is known for his ability to help businesses find new opportunities.