Remote work has completely changed the game for most businesses in the recent years since it’s now possible for any company to acquire global talent which they wouldn’t be able to get from their local talent pool. It also lets you cut the costs of running a business, by saving on office space and infrastructure. The main reason for the rise in popularity of remote work is that most jobs today can be done with the help of a fast internet connection. Physical presence in an office is slowly becoming a thing of the past, and we’ll show you just how you can save some money by joining the remote hype train.
While people usually believe that remote work negatively influences productivity because of all the potential distractions, it’s actually quite the opposite. Besides, all sorts of distractions can be found in an office as well, but home environment actually brings out the best in workers, letting them customize their environment completely to their preferences. It’s also a fact that people who don’t have to go to an office every day feel better about their jobs, which in turn makes them more productive when compared to office employees.
Lower Operational Costs
When you’re running an office, it’s your responsibility to provide most of the necessities that will make your employees comfortable working there. Therefore you’ll have bills for heating, air conditioning, decent office chairs and computers they’ll be using. And if u include the cost of renting an office, you can easily see how much you could save by having full-time remote employees. And there are more costs just around the corner. Since most of your remote employees will have their own computers, you won’t be in charge of maintenance and potential repairs, since the computers aren’t dedicated for work only. They’ll also pay their own internet bills, as well as electricity and everything else they use at home anyway.
You’ll Save Money if Your Employees Save Money Too
Your employees will have a great time cutting their costs as well, just by working remotely. They won’t have to pay for travel expenses, eat outside (which can be quite a hefty sum on a monthly level), or wash their laundry as often as they would since they won’t be using it as much. Keep in mind that if your workers save money, they’ll have an easier time living with the pay that you provide them, which means they won’t complain about the pay as much. Lower expenses definitely mean a lot when it comes to job satisfaction too.
Hire Specialists on Temporary Basis
You can save a lot of money by analyzing your business and realizing that you don’t actually need a full-time employee on one of the positions. Sometimes it’s much better to hire a specialist for a certain project than paying them full-time when you only need their services from time to time. It’s true that you can do this even if you’re running an office, but then what are you going to use all that space for? If you still aren’t convinced that you should pack your office and call rubbish removal services to take care of everything you won’t need anymore – read on, because we’ve got more reasons coming.
Access to a Global Talent Pool
Imagine a situation where you’re in need of a talented graphic designer and you want to bring her/him from Poland to Canada. Not only are expenses immense, but it’s also going to take quite some time to get the papers in order. For this reason, most employees will just hire from the local talent pool, which can be quite smaller and rarely has the best of the best. By going remote, you’ll be able to hire the best people for your projects, regardless of their current location.
Employees From Another Country Might Cost Less Than Local Hires
This one’s fairly straightforward, if you’re doing business in NYC you can save an immense sum by hiring workers from, say, Eastern Europe. You’d still pay them competitive salaries for their country, but these can’t even come close to the salaries you’d be paying to a local employee. Basically, by going remote, you can get more skilled workers for less money – and how can that be a bad thing? Besides, it will promote diversity in your company, which is always a good thing.
Most businesses have started catching up with this new trend. They are either hiring smaller companies as outsourcers, or they’re just plainly hiring temporary and full-time remote workers. If you decide that your business could do just as well without the physical presence of your workers, you can join the team and feel all the perks we’ve tried to highlight in this guide. It will benefit both you and your employees, which in turn will create a healthier business.