Six Reasons Why Remote Work Is Good For Employees And Your Bottom Line

Employees working within a flexible model can come into the office everyday if they’d like, or they can only come in a couple of times a month. Many companies and teams have to take extra steps to maintain a sense of culture and connection while working remotely. Although building a remote company culture isn’t always easy, there are tips and tricks that companies can implement to keep employees engaged. There is nothing quite like meeting with your customers in their place of business, especially in retail settings, to build relationships and make use of all your senses. Even for remote employees, some in-person visits and meetings to build initial relationships can foster insight that can then be followed up with remote interactions. Many people—and their companies—were surprised to find they were more productive when working in remote settings.

Balek still works for the same California employer of nearly 20 years, but by moving her residence to another state, she faces the possibility of losing or getting significantly diminished benefits and protections. California is one of the most progressive when it comes to employee rights. As a result, they will have improved interpersonal skills and a better understanding of how to work with others in a virtual environment. Moreover, remote professionals can customize their work schedules to peak times, allowing them to complete tasks more efficiently. According to data by Clever Real Estate, US commuters spend approximately $8,466 on their commute yearly — nearly 19% of their annual income.

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For starters, the law of the state where you were injured — that is, where you were working — probably will apply, said Amy Puckett, a senior attorney at Bradley Arant Boult Cummings, an Alabama-based firm. Workers’ comp laws are state specific, and a court in one state might rule that such an injury qualifies for workers’ comp while another might say it’s not work-related enough. Balek said that she assumes she will have most of the same benefits and rights in Texas that she had in California.

These remote-first companies are bucking the RTO trend – Human Resource Executive®

These remote-first companies are bucking the RTO trend.

Posted: Tue, 14 Nov 2023 19:46:45 GMT [source]

And while some companies are returning to physical office spaces, remote work remains popular and beneficial because of its cost-effectiveness and flexibility. A breakdown of Department of Labor data shows that 60 percent of private-sector organizations—accounting for half of the U.S. workforce—rarely or never allow employees to work remotely. Almost 30 percent, making up most of the other half of the U.S. workforce, allow some work outside the office.

Reduced employee turnover

The average remote worker saves $4,000 a year on lunches, travel expenses, and a professional wardrobe. It saves costs and leads to efficient usage of employee and organizational resources to gain better results. In addition to personal health and well-being, coworker and manager relationships can be more positive without the distractions and politics that come along with an in-office job. A reported 72% of employers say remote work has a high impact on employee retention—plainly put, employees are sticking with their employer when they have remote work options. During the COVID-19 pandemic, U.S. employers are saving over $30 billion per day by allowing employees to work from home.

  • Those include the effects of increasing the extent of telecommuting, best practices for managers and the relative effectiveness of various communication methods, particularly video, says Golden.
  • Remote working saves on these expenses, which can add up to a substantial amount.
  • The study also revealed that these organizations are 45% more likely than companies without diverse teams to report increased market share.
  • Prior McKinsey research has shown that for those that left the workforce during the early phases of the COVID-19 pandemic, workplace flexibility was a top reason that they accepted new jobs.
  • With remote work, employees can eat lunch with family, walk their pets, and increase creativity with the increased autonomy in their schedule.
  • CareerFoundry is an online school for people looking to switch to a rewarding career in tech.

It will continue to connect us as employees and businesses across time zones and continents. We all may not be physically in the same room, but work can be just as effective, if not more so, than the traditional working model. It’s time for employers and employees alike to embrace the new world of work and to consider the benefits of working remotely. Prime members who sign up for this new benefit and live near a One Medical location can also easily schedule same- and next-day remote or in-person appointments at any of One Medical’s hundreds of primary care offices across the U.S.

What is Remote Work? Remote Work Resources & Tips

All work focused in this role will align with our overall company growth objectives. The Covid-19 pandemic triggered a historic quitting spree, and along with it, a re-evaluation among managers and workers of what makes a good workplace. Most likely it would be a different story if Myers were an employee of a company based in California or reported to a boss or office in California. Many states and cities have minimum pay and other wage rules such as on overtime. So if you’re fully working outside of California, you won’t be covered by the state’s wage and hour laws. As a general rule, the state where you live governs employment rules and determines whether you’re eligible for most benefits.

  • As a result, they stay up-to-date with industry trends and best practices, enhancing their value to their employers.
  • Whether it’s dropping kids off at school, running some errands, attending an online fitness class in the morning, or being home for a contractor, these tasks (and more!) are all easier to balance when you work from home.
  • This flexibility enables employees to balance their work and personal lives more effectively.
  • Since the recent Covid-19 pandemic there’s been a rapid increase in working from home and the benefits of remote working for employers have become visible.
  • It is also an attractive benefit that enables employers to draw from a deeper candidate pool in the hiring process.

Companies will want to be thoughtful about which roles can be done partly or fully remotely—and be open to the idea that there could be more of these than is immediately apparent. Employers can define the right metrics and track them to make sure the new flexible model is working. Do you see a thriving, energetic work center, or are you imagining some of the desks sitting empty, waiting to be filled with next year’s how companies benefit when employees work remotely hires? That ghost town effect is real—and could be costing your company thousands in wasted spending. With fewer people in the office, companies can condense their real estate footprint, allowing for more efficient workspace usage. That same Stanford study of remote workers allowed the participating company to save nearly $2,000 per employee on its office space rent, simply by using the space more efficiently.

Onboarding Remote Employees for Future Success: Strategies and Advice

You’re no longer restricted to the choice between hiring in a single location or paying exorbitant relocation costs. In some cases, companies can arrange coverage around the clock depending on where team members are based. Virtual work has never been more connected than it is today, with collaboration and communication apps helping to keep far-flung employees in touch. That’s especially valuable to global companies who need to be competitive at all hours.

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