A lot of employers are nervous about letting their employees work from home, but due to the increased evidence that it can be beneficial to productivity and cost-efficiency, it’s getting more and more difficult to avoid thinking about it. In fact, according to Global Workplace Analytics, working from home has grown a whopping 80 percent in the United States since 2005.
Why the impressive jump over the past decade? The answer is simple: money. The cost savings of letting employees work from home are far too great to ignore, and in the future, it will likely continue to be a popular choice among the average employee. There are several benefits of letting your team work remotely.
You might think that employees would be less likely to be productive from home, but the opposite is true. Employees are far more likely to work longer hours than those who don’t, making it an ideal choice to keep those who work overtime happy. This isn’t true for all employees, though. The type of work also plays a part in whether or not employees will be more productive from home.
Significantly Reduced Costs for Both Parties
Whether you want to admit it or not, your business will save by not having an extra body in the office. You’ll save on utilities such as electricity and heat, janitorial services, office supplies, water, equipment, furniture, and other expenses. All of this could be put toward other, more important aspects of your business. Here are some more statistics from Global Workplace Analytics:
Not only is it good financially, but it can contribute toward a cleaner environment.
Higher Employee Retention Rates
We all know that it costs more to hire a new employee than to keep the same team member. Working from home can keep your team happy, and studies have proven that those who offer the chance to work from home have a higher retention rate and satisfaction level:
No matter how you slice it, those are huge numbers that cannot be ignored.
Those who work at home are far less likely to call in than those who don’t. Most workers will continue to work from home even if they are sick, so long as you give them the option to do so. Besides, how can they call in if they don’t even need to work from the office?
The numbers speak for themselves. Working remotely can be a great way to save money and boost employee morale. SemTech IT Solutions can offer your business remote access solutions and enterprise-level software that can help your remote team stay in touch with you outside of the office. You’ll enjoy the benefits of having a remote team with all of the bonuses of having a quick and easy way to access them. Mobility is a decisive factor for the modern business. Contact SemTech IT Solutions at 407-830-1434 to stay at the head of the race.