The world is changing at a rapid pace. Gone are where you could work 25 to 30 years at an organization, and then get a house and a brilliant handshake into retirement. The modern transformation of the mid-1800s brought more people out of the country and into factories and workshops, attracted by a better salary. And while offices were increasing in number in those days, it wasn’t until the twentieth century that office culture turned into a mainstream phenomenon. Now with the arrival of the internet and, more recently, blockchain we are seeing another move in the manner individuals work.
When employees carry out their duties away from the workplace, that is remote working – also called working from home and telecommuting. And in 21 st century, remote working is on the rise. Remote working has indicated healthy growth with an 80% increase in telecommuting employees from 2005 to 2012. And there is no sign of dropping these numbers. Here you will get to know the reasons behind this growth of remote teams in the future.
Remote Teams are The Future of Work- Why?
1. Remote employees are more productive–
You have heard it many times- How can someone be more productive while working from home? There are unlimited interruptions and no supervision to keep them on track. These are genuine concerns, however something they will manage on a personal level. It won’t affect your business. Remote workers value the flexibility and convenience that originates from remote jobs. They are ready to go the extra mile to make it work. It implies they are ready to invest additional effort at night time, weekends, even holidays to make up for the wasted time. The weekly or monthly average working hours of most employees have been quite consistent. Most of the employees work around 40 hours a week even during holidays or when they call in sick during weekdays. According to the survey it has been analyzed that, 23% of employees said that they are willing to work for longer hours to get more done, 52% said that they are less likely to take time off and 30% reported accomplishing more in less time. Overall, 77% confirmed improved productivity while working from home.
Not having somebody to look out for isn’t always a bad thing. In fact, numerous people perform worse when working under a consistent watch. The comfort of the home allows them to work without pressure. Similarly, the interruptions are not always bad for productivity. At times, concentrating excessively hard on an issue can trigger mental blocks and make them difficult to solve. Some of our best thoughts come when we are away from work. representatives feel they are progressively profitable in a remote workplace other than the efficiency, work fulfillment and turnover improved also. Employees feel they are more productive in a remote workplace. Other than the productivity, work satisfaction and turnover improved also.
You can know- Top 5 tips to improve productivity while working from home.
2. Remote work option is the best way to attract and retain top talent-
The annual study confirms that 50% of the millennial workers are now freelancing in one way or another. And it is not just about millennials. People of all age groups love freedom and flexibility that comes with remote jobs. In fact they are willing to work at lower salaries or fewer perks with work from home. The affection for the remote jobs was obvious according to the survey. Nearly 42% of working adults said that they are ready to give up some salary if they are allowed to work from home. 62% of employees considered flexibility to be the most important factor when they are looking for a job. Work-life balance and flexible work schedules are the biggest demands of recent graduates. It’s not only because of the flexibility. Remote work suits them in many ways. Also, they can save money and time from not having to travel every day. Then there are other expenses like professional attire or eating out. Also, they are ready to stay with an employer who permits remote work. Hence, remote work will help you with employee retention also. Even when they need to stop working altogether.
Consider an example, a woman who wants to stay at home and take care of her children. Research has indicated that WFH alternative and flexible working hours can make these women reconsider their decision. A study found that more than half of women needed to quit or reduce their working hours subsequent to having a child. However, work at home mothers were only half as likely to do that. Also employee turnover or job attrition was reduced by half when they were offered remote work options. A team of researchers analyzed working from home effects on performance and found that offering employees to work from home can be as good as cash bonuses when it comes to motivating and retaining employees.
3. Remote employees help you save cost-
Remote teams can help you save big in many ways. For eg., An entrepreneur need at least 6,000 Square feet to accommodate a team of 50 members (including common areas, storage, reception etc). Going with a normal rent of $75/sq ft, it will cost at least $450,000 per year. Add to it the cost of furniture, computer systems, office supplies, as well as the maintenance or utility bills. But in case of remote working, the saving will be more than 600,000 a year.
That confirms with the report that businesses can save as much as $11,000 per person a year by allowing them to work from home. For large companies with 1,000 or more employees, the savings can be in millions. We have discussed that remote employees are more productive. Not only are they available to work for more hours, they will also achieve more in less time. This means considerable savings or earnings for businesses.
4. Remote employees are happier and more satisfied-
Work from a place of your convenience saves you from the daily frustration of getting stuck in traffic or peak-hours public transport. It takes nearly 60 minutes for a person to travel between home and office. For some, it is right around 3 hours daily. That is over 700 hours in a year. Imagine how much more you can achieve at this time? A study claims that workers might be wasting $2500 to $6000 per year, just as 11 days in traffic. No big surprise remote employees are more joyful and more satisfied with their jobs. Employees revealed higher levels of satisfaction and happiness after remote working for 3 – 5 years.
5. Remote workers don’t suffer from job-related stress-
Job stress is genuine. It can negatively affect your emotional, as well as physical health. It is terrible to the point that individuals think about going to work as the least ideal choice from a list of 40 activities. 52% of workers across many different professions said they feel stressed at work. 60% feel that work-related pressure has increased in the past few years. This is a concern as an employer, as much as it is theirs. Stressed and disinterested employees can’t perform at a high level. Most of them simply try to fake work and look busy at the office.
Things can change when employees are allowed to telecommute. The comfort of home doesn’t allow stress to develop. You can take a break well before the point of a nervous breakdown. Also, one to one meetings with your managers is not as stressful. Hence analysis found that working from home can positively affect role stress and job satisfaction.
Other than the working conditions, not being able to spend time with your children or family is the biggest regret for working parents. A study found that 91% of working parents are worried about their work-life balance. More importantly, 90% believe that work flexibility can help with that.
6. Remote workers are healthier-
Most office jobs these days involve sitting throughout the day. Sitting for long hours is connected to numerous health issues and early death.
Experts recommend mixing it all up. You must stand up for five minutes after each 20 – 25 minutes of sitting and walk around for a couple of minutes. The main issue is, it is more difficult than one might expect. Everyone knows but this is something they can’t do in a conventional office.
Accordingly, issues like obesity, diabetes, high cholesterol, and blood pressure keep increasing in-office employees. Work from home employees is less likely to suffer from these problems. A study found that office employees are at more serious hazards for obesity, alcohol abuse, or different issues related to physical inactivity. Then there’s the risk of infectious diseases and the spread of germs. Research shows that people sharing an office take more sick leaves than the ones working alone. Other than the actual health concerns, remote work will also discourage employees from faking being sick. Nearly 35% of employees took sick leave even when they were feeling fine. Most of these leaves were taken on Mondays and Fridays. Not to forget the mental and physical stress of a commute.
Nearly 90% of the workforce spends almost 60 minutes on the commute. 55% of employees said they feel stressed about that. The report concludes that a daily commute can affect workers’ health and recommends moving towards flexible work from home culture.
7. Remote teams are more engaged and motivated-
Businesses with high engagement rates have three times higher net revenues than the ones with not so engaged employees. It is because engaged employees are more motivated. You might think that remote employees will feel dissociated or disconnected. It is partially true, as shown in this study that suggests remote workers feel shunned or left out. But, this is generally because of poor management (and at times jealousy on part of colleagues who are stuck in the office). The idea is to make all employees own at least one area of the business. This ensures they will try their best to succeed, regardless of whether it requires going the extra mile. Remote employees are more engaged than office employees. They feel more connected while using video conferencing.
8. Remote workers are more eager to learn and improve-
Work from home employees are generally more skilled than the ones who work in workplaces. 72% have a college degree or higher. A report suggests that 75% of remote employees earn more than $65,000 per year that puts them in the upper 80 percentile all employees. Other than the professional skills, they have the much-needed qualities like self-discipline, time management, and communication. Also, they are more willing to learn and excel in their field. According to the report, businesses spent up some amount on employee’s training and development. The beneficial thing about remote employees is that they are eager to learn on their own. Realizing that they are competing with global talent keeps them on their toes. In a study of freelancers, 55% participated in skill development and training programs, compared with only 30% of non-freelancers who did the same. It is the highly talented workers who get to work on their own terms i.e., have control over their work schedules.
It implies remote teams can deliver much better results and save you thousands in cost. If you are thinking of starting a business or already running a business, you should consider building a remote team since it is the future of work. You can use some tools that make it easier. You can know these tools at- Top 10 tools you’ll need to work from home.
We at solace believe in the strength of remote teams and hence can successfully work remotely. We have successfully delivered the projects within the project timeline by allowing work from home. If you are looking to develop software for your business, we are here to help you through our highly skilled managers and developers. You can hire PHP developers and android developers of Solace team for effective web and app development. Connect with Solace and Get a free quote for software development. We will be happy to help you.