benefits of remote access for employees in businesses

1. Improvements to Productivity. A major way in which businesses are benefiting from remote work is through improvements to productivity.
2. Reduced Equipment Costs. Providing equipment for a busy work environment can be expensive. ...
3. Lower Employee Turnover. Another big benefit for businesses is the potential to reduce staff turnover by retaining employees for longer.
4. Savings on Office Rental. For employers, renting office space can be extremely costly, so anything that can help to reduce these costs is usually going to be welcomed.
5. Access to a Wider Talent Pool. An often overlooked benefit of remote work is the removal of some of the employment barriers that are typically associated with office-based working ...
Fewer Staff Absences. Absenteeism within the workplace can be a significant problem for businesses and other employers. ...
More Flexible Work Hours. Flexibility is often cited as one of the biggest benefits of working from home for employees, but it can be extremely useful for businesses too.
Improvements to Green Credentials. There is growing evidence that customers want companies to be greener and want products to be more sustainable.
A Healthier Workforce. Although reducing absenteeism is an important priority, having remote workers and remote teams can also help make a workforce more healthy in general.
An International Workforce at any Scale. Finally, for many companies, translation into multiple languages and localization is a major priority.

What are the benefits of a remote work agreement?

Engagement — Higher productivity and performance combine to create stronger engagement, or in other words, 41% lower absenteeism. Retention — 54% of employees say they would change jobs for one that offered them more flexibility, which results in an average of 12% turnover reduction after a remote work agreement is offered.

Is remote work really worth it?

The topic of remote work is producing a lot of attention — and research. There are many reports that tout the benefits of remote work from organizations like OwlLabs and Buffer, but privately-sourced data is in danger of biased results.

Is the research on remote work biased?

Well, yes. The topic of remote work is producing a lot of attention — and research. There are many reports that tout the benefits of remote work from organizations like OwlLabs and Buffer, but privately-sourced data is in danger of biased results.

Is remote work a workplace fad or an economic strategy?

The key to differentiating between a workplace fad and an economic strategy lies in the hands of the businesses. If corporate leaders throughout the world believe remote work is beneficial to the sustainability of their brand, then they’ll invest in the development of it as a resource.

What are the benefits of remote working for employees?

14 benefits of remote work for employeesBetter work-life balance. ... Control over your commute. ... Work from where you want. ... Access to more opportunity. ... Improved inclusivity, diversity, and exposure to different cultures. ... Lower cost of living. ... Earn more money. ... Lower environmental impact and improved sustainability.More items...•

How do businesses benefit from remote work?

Lower Employee Turnover Remote work helps companies to retain staff for a number of reasons. Many employees appreciate the flexibility and enjoy being able to work away from the office environment. It potentially allows stay-at-home parents to continue working when they may otherwise be forced to stop.

How does remote work save companies money?

Remote employees reduce the costs related to computers, phones, electricity, heating and air conditioning and all the other little necessities that keep an office operating. The average U.S. Worker spends almost an hour a day commuting to and from work. That lost time can be spent on work-related projects.

Why employers should let employees work from home?

Working from home can be positive for both enterprise employers and employees. Increased productivity, improved work-life balance, and reduced costs are just some of the ways remote work flexibility can be mutually beneficial. Hopefully, you now have some ideas for how to hire remote employees the right way.

Is remote work profitable?

Remote employees at large companies are 35-40% more productive. When compared to employees who work in the office full time, remote employees are found to be significantly more productive.