We’ve been living with the COVID-19 virus for nearly two years now. To say that it has caused a major upheaval is an understatement.
Businesses, for instance, have had to take their operations online.
Organisations that managed to digitise their processes were able to survive the extended lockdowns the world over. However, we could also attribute a huge part of their survival to the remote workforce.
It didn’t take long for remote work to become the norm, and it’s obviously here to stay. Those who were wary about the WFH set-up soon realized that it’s actually one of the most cost-effective options for businesses.
Still not convinced? These four proven business benefits might just change your mind.
Every business’ goal is to minimise expenses and maximise profits. One of the best ways to do that is to hire remote workers.
Remote-enabled companies actually avoid a lot of costs associated with the traditional work set up. For example, if all your employees work remotely, you won’t have to spend on office space, equipment, and even travel expenses.
Aside from that, management training can now be done online, so there’s no need to look for venues, book accommodations, and pay for airfare. Rather than shell out money for these, you can just reinvest your money or increase monetary compensation for your highest performers.
And before you assume that remote workers in other countries are paid exploitative rates, consider how your AU dollars will go much further in, say, the Philippines. This way, you can save money on labour costs while ensuring that your remote workers actually earn a good living. Everybody wins.
Wider Talent Pool
With remote hiring, geographic obstacles won’t get in the way of hiring the best person for the job. It doesn’t matter anymore if that person is living in another city or even in another country altogether.
Technology has made it possible for you to hire the best people from anywhere and everywhere, basically. With just a few clicks, you can pre-screen hundreds of capable and talented remote workers around the world. Why not take advantage of that?
Hiring remote workers has long been proven to be beneficial. The science-backed data even reveals that working from home actually increases (and not just maintains) productivity levels.
According to a survey report, there was a remote work productivity boost among distributed teams in 2020. While it’s true that they take more breaks, the data also shows that they also got more stuff done.
One of the best things about remote work is that it gives your employees the freedom and flexibility to work when they’re at their most productive. Since they don’t have to commute or spend long hours in traffic, they can spend more time, energy, and brain cells on their tasks.
Better Employee Satisfaction and Retention
Done right, a WFH setup can entice promising new applicants and retain the best talents. (Many companies now offer remote work as the new signing bonus.) Since remote work offers better flexibility and gives employees back control over their lives, a lot of talented employees greatly prefer it.
However, the benefits aren’t exclusive to employees. High employee satisfaction and lower turnover rates can translate into better, more consistent productivity, innovation and customer service, after all. Think about how that could set your business apart from your competitors’.
It’s obvious that a WFH set-up presents a lot of advantages for employees. However, let’s not forget that employers can also benefit, especially when it comes to maximising resources and productivity.
Remote Staff has been helping Australian SMEs and entrepreneurs find skilled remote workers from the Philippines for more than a decade already. So whether you’re new to hiring remotely or are already thinking about hiring an entire team, we’ll help you out.