Why Remote Work Is Beneficial For Business And Employees

  • March 1, 2022
Reading Time: 9 minutes
  • March 1, 2022
Reading Time: 9 minutes

Have you ever wondered why someone would desire to work outside of the office and why employers allow it? Well, the age of working in style has just begun!

Staff and line of work both benefit from remote work, which ranges from greater productivity to happier, healthier employees. Let’s look at some of the perks in more detail!

Interesting Facts of Remote-work During Pandemic

EMPLOYEES

  • During the Covid-19 pandemic, 97.6% of remote worker survey respondents show they would prefer to work remotely for the rest of their careers.
  • Most remote employees (97%) said they would suggest remote working to others.
  • During a pandemic, 38% of remote employees found it easier to manage work and family duty (vs. 10 percent of who worked from home before the coronavirus outbreak)
  • During a pandemic, 64% of remote employees said they would be uncomfortable returning to office work, with 31% stating they would be extremely uncomfortable.
  • Between March and April 2021, 58% of remote work survey respondents stated they would search for a new job if they were unable to continue working remotely or were compelled to return to the office.

EMPLOYERS

  • 76% of entrepreneurs believed that remote work will become the new normal
  • 97% planned to make flexible working modifications., flexibility between working remotely and working in an office.
  • Working remotely hasn’t impacted productivity, according to 90% of polled companies during the pandemic, company output has remained constant or increased since employees began working from home during the crisis.
  • 57% state that technological factors are the most important external force impacting their organization within the next years.

Related: 8 Easy Tips to Stay Productive While Traveling and Still Have Fun

Remote Work Forecast For The Upcoming Years

It was long believed that employers could not monitor their employees’ actions at home and they could easily become distracted.

The virus has however dismantled cultural and technical barriers that prevented remote work in the past, creating structural shifts in where some people work. More companies undergo somewhat higher output from their remote workers after more than a year of going through it.

According to Gartner’s Quantitative Innovation research director, Ranjit Atwal, “A hybrid workforce is the future of work, with both remote and on-site workers working together to meet companies’ labor demands.”

Sounds interesting? Let us see what the future has in store for remote employment.

2021

  • By the end of 2021, the remote work forecast says that remote workers will represent about 32% of all employees globally
  • The need for PCs and tablets will continue to rise because of a hybrid workforce, highlighting the demand in both the corporate and consumer industries.

2022

  • 31% of all workers worldwide will be remote (a mix of hybrid and fully remote) according to the remote work forecast 2022.
  • The U.S. will lead in terms of remote workers in 2022, accounting for 53% of the U.S. workforce.
  • Across Europe, U.K. remote workers will represent 52% of its workforce in 2022.
  • Remote workers in Germany and France will account for 37% and 33%, respectively.
  • The lasting impact of remote work is resulting in a review of the IT infrastructure that shifts buyer requirements to demand work-anywhere capabilities.
  • World-wide hyper-automation enabling software market to reach nearly $600Billion by 2022.

2024

  • “Through 2024, organizations will be forced to bring forward digital business transformation plans by at least five years.” – Ranjit Atwal.
  • AI and collaboration technologies to open up more flexibility of location choice in job roles.
  • According to remote work forecast, by 2024, at least 40% of all remote access usage will be served predominantly by zero trust network access (ZTNA), up from less than 5% IN 2020.
  • In 2024 in-person meetings will account for just 25% of enterprise meetings (a decrease from 60% before COVID-19).

2025

Benefits Of Having Remote Workers For Your Business Even After Pandemic

Remote working offers businesses a wide range of options for how they do business and organize themselves. Since the breakout of the coronavirus (COVID-19) pandemic, it has provided most companies with the flexibility they need to keep their operations running while promoting employee and customer health.

The good news is, many firms recognized the benefits of remote work to their businesses which can still benefit them in the future, and this includes improved work-life balance for their employees.

1. Cost Saving & Profitability

One of the benefits of allowing workers to work from home is the reduction in overhead expenditures, depending on whether the company is entirely digitally operated, because most individuals working from home provide their own computer and other necessary
resources.

2. Pool of talent

When it comes to hiring remote professionals, business owners have a wide range of selections because talents do not have to be local. This gives you the ability to hire the most qualified candidates.

Employers who increase their job pool boost their company’s quality. Smaller firms may compete with larger organizations by using technology and providing flexibility; but, to recruit the most effective staff, smaller businesses must provide competitive opportunities to the
next generation of employees.

3. Reduction in absenteeism

Remote employees are not suffocated by the walls of traditional offices. They are more likely to be inspired by their surroundings, and as a business owner or manager, you will benefit from this additional outside perspective without having to engage a consultant or hire a new
employee.

4. Employees Productivity

Productivity is crucial for a business’s success, and more efficient staff implies more profit. Employees who work from home are more productive. It was even proved by a survey conducted to 800 employers where 94% of them stated the work productivity was the same or higher since employees started working from home.

5. Competitive Edge towards technology

Business is changing, and in recent times businesses have benefited from technological advancements. Remote work requires businesses to adapt and grow their strategies responsibly because it is dependent on technology. Out of necessity, remote workers assist a company in quickly adapting and finding better solutions.

Related: Why Travel Is Essential To Enrich Your Life Experiences

How Remote Working can Help the Economy

It may sound like a form of uncertain delayed gratification, but the US economy is now well-positioned for a bright new age, thanks to the widespread availability of vaccines. So, in that sense, let us look at how a remote-working structure may benefit the economy.

1. Accelerated Rate of Digitization and Virtualization of Business and Society

Technology’s strategic relevance as a vital component of the business is recognized by business owners. In a post-COVID-19, organizations will demand greater IT and business process automation as they are compelled to expedite digital transformation initiatives.

2. Reduction of Emissions and Increase Usage of Renewable Energy

In the first 10 weeks of the lockdown, renewable energy usage in the United States climbed by 40%. As companies shut down and people stayed at home, nonrenewable energy use dropped globally, resulting in an 8% reduction in emissions.

As a result, it is expected that in the next few years, more money will be invested in generating energy from renewable resources. This will be extremely beneficial to governments and corporations attempting to meet emissions reduction goals, such as being carbon neutral or even carbon negative.

3. Revamp of Travel and tourism industry

Because of post-pandemic ‘revenge travel,’ employees are now ready to go further away from home, look for a more diverse variety of accommodations, and stay longer there. According to Fortune, Kayak CEO Steve Hafner stated,”People are scrambling to make up for lost vacations, now that most can work from anywhere, who wouldn’t want to work from a beach in Hawaii?”

4. Ascending Residential Real Estates Value

Remote employees are allowed to seek residences that are more than just a place to sleep, because location is not an issue with remote jobs.

According to Zillow, nearly 2 million renter households (4.5 percent of all renters in the United States) who would otherwise be priced out of their present market, may buy a starter home somewhere in the United States if they can work from home full-time.

Advantage of Remote-work model to your employees and how they can maximize it

Remote work is typically done from an employee’s home, a personal office, or any other preferred location. In that situation, it may even be possible to eliminate the requirement to commute to work. The fact is, that is only one of several advantages:

1. Work from anywhere you want, whenever you want

Remote working does not necessarily denote working from home, it could imply working anywhere outside the office, whether at a coffee shop, a flexible workspace, or even on vacation.

Working remotely, in the end, gives employees more freedom and liberty. They are no longer bound by geography or the passage of time. Employees may now work from almost anywhere at any time of the day. Isn’t that everyone’s fantasy?

2. Less Monthly Expenditures = Bigger Savings

Working from home allows you to save money on transportation, lunch, and the purchase of a professional outfit. Unless you conduct video conferencing, you may dress casually and eliminate the requirement for a daily work outfit. Moreover, if you choose to be in a “workation” mode, you can always take advantage of the benefits of sharing economy.

3. Foster Holistic Wellness

You can also work from home and devote more time to physical activity. The assurance that you can take a break whenever you feel under the weather, yet still work if it is a manageable case, is one of the many health benefits that working from home can provide. You can also count on keeping your coworkers safe.

4. Flexibility to do Work and Household Chores

You would be in charge of your own schedule and possibly more efficient. Working from home and the flexibility it offers, may also suit your family life. You would have the freedom to run errands, take the children to school, attend school or sports functions, etc. as long as you get the job done and meet any pre-established deadlines.

5. More Work Concentration

Working from home allows you to focus on the task at hand without being distracted, or exposed to workplace incivility. You may concentrate solely on finishing your work.

It is unlikely that things will return to ‘normal’ anytime soon. Why not travel while keeping your most valued job with you?

Working from home gives you more flexibility in terms of when and where you work, and it may make it simpler if you need to take a break or catch up on work while on break. So, are you all set?

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