April Seifert https://smith.ai 1m 299 #virtual
The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
The number of Americans working remotely has tripled since before the pandemic began. Although many companies opened their doors back up after the initial rise in coronavirus cases, many others embraced remote work as their new norm. In fact, a survey from Upwork estimates that by the year 2025, there will be 22% of Americans working remotely.
Let’s look into some of the benefits of remote workplaces for your business to consider when weighing the pros and cons of virtual work environments.
5 benefits of remote work
Flexibility: The freedoms and flexibility that come with remote positions are unmatched. Most virtual companies care about the work getting done, not following a strict 9-5 schedule. This allows employees to work flexible hours, leading to higher employee satisfaction.
Saves money: Without a physical office, your business can cut costs on rent, utilities, cleaning services, building maintenance, office supplies, and furniture. You also avoid relocation costs by hiring remote employees.
Larger candidate pool: Remote businesses can open their applications to individuals across the country, or even the world, to reach qualified and talented candidates.
Increased productivity: It’s a common fear that workers would be less productive if working remotely. However, 90% of employees’ productivity levels are not negatively impacted and may actually improve. Remember, a happy employee is a productive employee.
Employee loyalty and retention: Flexible workplaces are built on trust and loyalty between a company and its employees. When employees feel their boss trusts them, it fosters respect and ultimately aids employee retention. Employees who are satisfied in their role within the company won’t likely look for another job elsewhere.
Check out Smith.ai’s infographic on the virtual workplace, shown below, which covers additional tips and solutions for virtual companies, as well as examples of well-known businesses that adopted remote working.
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