Workplace Recruiting & Staffing Talent Management

5 Benefits of Keeping Your Team Remote

By: JobGet
Nov 16, 2020 • 6 min read

5 Benefits of Keeping Your Team Remote

The COVID-19 pandemic has highlighted the importance of a remote workforce. Companies who have never tried this method have now been exposed to new platforms. But is it worth to stay remote? In reality, there are a plethora of benefits when having a remote team. The results would have a positive impact on your company in the long-term. When it comes to low-cost technological solutions, flexibility, and high employee morale, remote work will take off a huge burden on your back.

keeping your team remote

1. High Productivity

Numerous studies have shown that remote work leads to higher employee productivity. This is due to several factors:

Allowing your team to work remotely will make you continue to relish in these benefits. It’s important to note that this type of productivity burst is not short-term either. If you’re still reluctant to have a 100% remote workforce, you can try a hybrid function: 60% in-office and 30% WFH or 20% in-office and 80% WFH. In any case, you can always ask your employees about their thoughts. Projects that are meant to be worked on as a group could hinder or flourish if done remotely. Figuring out which departments need more time in-office or at home can increase their engagement, giving better results for your company.

keeping your team remote

2. Cost-Efficient

A remote workforce will lead your company to have greater savings than in-office. Much of your spending will be allocated to technological-based mediums for your employees. However, many team-based communication platforms like Zoom, Skype, and Slack are free. Companies will reduce or eliminate costs associated with real-estate, janitorial services, electricity, and other surplus fees. Many employees will have to use their devices instead, cutting your costs by an abnormal amount. 

Here are the benefits of a cost-efficient remote team:

Overall, remote work will increase savings for businesses — big or small. Here are some companies that saved expenses with WFH policies:

  • IBM’s real estate costs were cut by $50 million.
  • McKesson saves $2 million a year.
  • Nortel saves $100k per employee. They don’t have to relocate.
  • Sun Microsystems saves $68 million a year in real estate costs.

keeping your team remote

3. Stay Above the Competition

As you know, the surge of remote workforces resulted from the COVID-19 pandemic. Before COVID-19, WFH only constituted 25% of the workforce, now it’s over 65% compared to the 35% that still work in-office. Though the transitioning was forced upon many businesses, 82% of business leaders plan to let employees work from home. Companies now seek value in candidates or employees that know how to telecommute. Keeping your team remote will help your employees gain new skills needed for the modern work environment. 

If your company introduces the flexibility to keep a remote workforce, you’re likely to find top talent when hiring. They become instantly more accessible compared to when you’re limiting yourself with a local candidate pool. Hiring costs are reduced when recruiting through online platforms. In turn, this will help you find the ideal candidate quicker.

4. Reduced Turnover

Remote work flexibility leads to increased satisfaction among employees. It also helps to reduce turnover and lost costs. Here are some reasons as to why remote work results in reduced turnover:

Remote work empowers employees to be independent and collaborative. It also allows for a more flexible schedule. These benefits will lead to increased retention and reduced turnover. 

keeping your team remote

5. Little to No Absences 

Absences happen among workers, but 78% of employees miss work due to personal problems rather than sickness. Remote work will make it convenient for employees to situate their issues in a comfortable and appropriate environment. It helps to reduce stress from working in-office.

The same study reports the following:

  • Teleworkers can continue to work when sick without infecting others.
  • Teleworkers return to work more quickly following medical emergencies.
  • Remote work allows them to settle appointments or run errands without losing the whole day.
  • American Management Association (AMA) reported 63$ reduction in unscheduled absences.
  • Unscheduled absences cost employers $1,800 per employee, or $300 billion for U.S. companies per year.

If you’re still on the fence about keeping a remote team, remember that you can include it as a perk instead. 22% of employees would forego health benefits in consideration of flexibility. Research has shown and proven that, at times, remote work tends to be more effective for both business leaders and employees compared to in-office. It will allow your company a burst in greater, successful growth!

More to Explore:

Job Search Tips For High School Students – Here 

How to Host a Collaborative Meeting – Here 

Why Taking Breaks Can Be Productive – Here 

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