“Remote work is no longer the future of work — it’s the present.”
An increasing number of companies believe that working from home is for the long haul. Less than 10 days later, more companies in the technology world, including Facebook, Twitter, Apple, and e-commerce website Shopify, are joining the bandwagon.
Yes, remote work adoption has become massive.
Started with “working from home” policy in a relatively commonplace, a new form of remote work has emerged so quickly, working from anywhere, in which employees can live and work where they choose, anywhere in the world with a reliable internet connection.
Remote work has become so popular these days. Believe it or not, remote industries with virtual infrastructure are becoming constant connectivity of the modern workforce.
Now that every other company is operating remotely, they have conceded that hiring, onboarding, and training can be done virtually. They agree that it is in a way effective and efficient too.
We’re more focussed on all the flexible approaches that give us the freedom to work from home with the most compelling reasons. Successful remote work is all about finding a lifestyle that suits and works for you. Remote looks to be an attractive option post-crisis too.
Why hire remotely?
Remote work, which was already a growing trend, is now a reality.
Meanwhile, remote working among the employees is the fastest-growing employment sector. After witnessing the associate benefits, many companies have already started maintaining their flexible work-from-home policies.
Most of them are now recognizing their benefits and recruitment around the globe. If you’re hiring globally, you’re hiring people who live and work under different conditions to your own.
But why are they making that choice?
Access to the global talent pool
The global distribution of talent is indisputably uneven and unequal. In an ideal world, companies can find the right talent pool – highly talented, skilled, and culture-fit employees right where they are. That is far from the ground reality though.
The remote ecosystem had a very few but successful remote-first startups and enterprises. Now the landscape has undeniably changed. When companies hire remotely, they do have to be choosy about certain choices with only searching for workers based near them. They now have access to the global talent pool.
Remote hiring opens up better hiring options that were otherwise not viable for companies.
Pick the talent from anywhere
With remote employment, location is not a hindrance. Consider, if you want high-quality talent but can’t afford to break the bank, you can still opt for someone from different corners of the globe.
Expand your company horizons
Companies can expand their horizons globally and focus on finding the best fit for specific projects. Creating a global talent pool is also a great way to bring in different perspectives, attitudes, and ideas into your company.
Doesn’t remote work give us an opportunity to drive into a plethora of ideas and proficient mindsets?
Reduces the employee’s turnovers
In the past few years, we have seen an increase in the number of companies offering remote work as an option, satisfying the employees and fidelity towards their work statistics.
Jobs that require high levels of training and education will have even higher turnover costs than the employee’s turnover. No doubt, why employees want to stay with their present companies considering easy work-life balance and flexibility as basic perks of working remotely.
According to Owl Labs, companies that allow remote work have 25% lower employee turnover than those that don’t. 83% of workers, remote or on-site, say that a remote work opportunity would make them feel happier at their job.
Higher employee and business productivity
Remote employees to seek comfort zones and concentration at their homes. They demonstrate a productivity boost because a number of distractions get eliminated like commuting into the office, changing their work hours to fit their schedules, and sometimes being late for work/homes.
According to CoSo Cloud, 77% of remote employees say they’re more productive when working from home. Not only this but recent surveys from Springer have also brought this into notice, those with highly complex jobs that require little interaction with stakeholders are more productive when remote than in an office.
Productivity comes along with the self-productive frame of mind. Being productive is like running a marathon. It takes constant effort and individuals can do their own bit, which is the largest contributor to staying productive.
It adds flexibility to employee schedules without negatively impacting the quantity or quality of the work being performed.
The case of American Express
A revealed case study of American Express is a great example of a company seeing increased productivity from telecommuting. The company performed research and found an increase of 43% in their business, nearly an additional half of an employee than their coworkers who worked in a physical office.
Lowers business costs
It is interesting to note how telecommuting has become a workplace trend. Working remotely reduces the unnecessary costs that keep an office operating. Companies that don’t have to pay for employees’ office space and supplies can save quite a bit in a year.
A diverse workforce signals an attractive work environment for talent. Having a more diverse staff is good for business. It adds more viewpoints to any problem that you are trying to solve on your own. Having more people of different generations and ages have gender diversity.
A diverse workforce drives better business results.
According to one study, gender-diverse companies are 15 percent more likely to perform better, while more ethnically diverse companies are 35 percent more likely to succeed.
Earnings before interest and taxes (EBIT) increased by 8% for every 10% increase in the ethnic and gender composition of senior executive teams in the United States.
The diverse management teams also generate 19 times more revenue than their more homogenous counterparts.
Boosting a green strategy
If everyone starts working from home, will the world be a greener place?
Companies are now seeing firsthand how remote work can reduce overhead, boost productivity, lower attrition, and plummet emissions. Here’s a look at the factors that help determine the most sustainable ways to work.
Less energy waste
By allowing employees to work remotely, employers can cut down on everything from printer paper to the use of plastic. Remote employees can set up for the day in a spot with plenty of natural light. Well, natural light is a proven mood booster.
Reduce fuel usage
The Nasa, “Work from Anywhere program” saved the federal government roughly $30 million for each day. As remote workers drive less, they reduce their consumption of these fuels contributing to a greener environment.
The buzz around remote work is growing when it comes to retain and hire the best talent.
The “millennial effect” is shaping the rise in remote working and it is not limited.
Remote hiring isn’t for everyone. Few might have concerns because of high profile failures by big companies. But when the company learns the strategy of how to attract, hire, and retain remote employees, hiring remote employees can benefit your organization by bringing in skills that are scarce in your location.
There are plenty of remote hiring benefits. You can also find out how to redesign your hiring process to recruit and hire remote employees in our blogs and how to effectively manage and retain them.
If you also have some thoughtful ideas to get benefitted from the remote process, you can share them in the comment section. You can also drop an email at firstname.lastname@example.org