It’s nice to see some good news at the start of a shiny new decade: The global remote workforce is on the rise yet again for 2020. This isn’t news to folks in the business world. The International Workplace Group reported in 2018 that 70% of professionals work remotely at least one day a week, while 53% work remotely for at least half of the week. Research across the board shows that the remote work will equal, if not surpass, fixed office locations by the year 2025, and already nearly two-thirds of American companies have growing remote teams. Here’s why yours should, too.
What’s The Deal with WFH?
We in the biz call working remotely, “WFH”, or working from home. The cliché of working from home are many — slippers all day, an expansive loungewear wardrobe, a commute from bed to the couch, and so on. The realities are somewhat mixed with the myth here, but the bottom line is that cultivating a remote work team has heaps of benefits for your business, your employees, and the world at large.
People who’ve never worked remotely are often skeptical about the WFH lifestyle, sometimes scoffing at the struggles remote teams face. These people are, in a word, simply jealous! When I got my first remote job as a social media manager, a family member (who shall remain nameless) very flippantly suggested that I was just “on Facebook all day”… If only they knew the complexities of managing a business page for a national company!
I can’t tell you how many times I’ve heard these words uttered in offices I’ve worked at, “I’m WFH tomorrow so I can focus and get some work done without interruptions.” For you and your employees or contractors, remote work can offer refuge from the constraints of the rat-race and boost productivity. The move toward open-plan offices seemed like a good idea for collaboration and teamwork, but it’s really been more of a means of distraction and cuts down productivity. Days working from home (or anywhere other than a traditional office) are frequently noted as the days’ workers report being the most productive. Studies show that this anecdotal observation rings true, with respondents reporting that remote workers clock in an average of 16.8 more days a year than in-office folks. That seriously adds up!
Your office overhead costs are killing you. With all the collaboration-friendly software available today, in-person meetings have become less of a necessity. I’m not saying actual facetime isn’t important, it certainly is in some cases, but the ever sought after “work-life balance” should be the real goal for every tech-based company. Not only will it save you a lot of money, but your staff will also benefit in so many areas of their lives, too, from saving money on commuting, wardrobe, lunches, to things like child and pet care. All that leads to yet another benefit of remote teams — happier workers, because your team will be able to spend less time commuting, more time working productively, and less money trying to make it all work for their families.
Why Remote Work is Here to Stay
Here’s the “skip to the recipe” section for why you should have a remote team, and how to make it work for your business.
What’s with this dramatic increase in remote work? There are a lot of great reasons. Saving money is the top reason for companies. Here are some statistics for you to dig into.
- Companies that give employees the option of working from home see a 50% decrease in employee turnover.
- The ability to hire from a more diverse global applicant pool, rather than a limited local pool.
- One study shows that by even allowing just one employee to telecommute, companies can save over $10,000 per year.
- Web-based tools get better all the time, too, and let teams have meetings and training sessions remotely, project-manage, and cut the enormous cost of travel.
- Everyone saves money — employers can save big time, with a reported $5 billion in savings to companies with remote workers, and $7000 per year savings to employees.
- It’s easier all the time to manage global teams with web-based collaboration tools.
- Remote work is far more productive than in-office work.
- Fewer sick days for all, and no spreading your nasties around the office.
- It’s better for the environment in many ways. Cutting your company’s carbon footprint should be on everyone’s 2020 to-do list.
Stay tuned to Crowned for our next installment all about remote work best practices and how to make it work for you and your team.
Written by: Betty Bair