We’re going to state the obvious here: remote work opportunities are flooding the job market. Some are too good to be true (such as “get rich quick from home” scams), and others can change a job seeker’s life for the better.
But the point is, more and more companies are choosing to evolve their business model to fit the trend and grab hold of the many benefits that come with having a team of remote workers (such as being able to hire the best talent—regardless of location!). Fifty-six percent of startups worldwide to be exact (Coding Sans).
Are you one of those companies? If not, here are just a few of the many reasons why you should be to stay competitive in the remote work landscape.
Your competitors are already incorporating remote work.
In business, it’s critical you step outside the box and focus on what’s right for you versus adopt the “everyone else is doing it” mindset. You can’t, however, ignore what your competitors are doing. And in this case, most of them are following the remote work trend. In fact, in the 2018 State of Software Development Survey, 74.92% of respondents said remote work is already allowed at their company (Skip the Drive).
Want to read success stories from a handful of companies who have remote teams? Click here.
You can boost your company’s productivity.
A remote team = increased productivity? Say it isn’t so.
But it’s true! You may worry about not being able to physically see and monitor your team working every day. Even so, in a survey conducted by Polycom Inc., two out of three respondents said they are more productive working remotely than when they worked at an on-site office. And three out of four respondents said working remote helps them with work/life balance (SHRM).
You can also boost employee retention.
There really is no place like home! In a study by Gallup, 35% of employees admitted they’d leave their current job for one that offered remote work.
Therefore, while you’re building your A-team, keeping the best of the best with you for the long-haul is a top priority. So, the good news is that when you offer your workers freedom and flexibility through remote opportunities, your retention rates will increase.
By how much, exactly? Well, according to research by Gartner, organizations that embrace remote working will increase employee retention rates by 10%.
Outsourcing frees you up to grow while keeping overhead costs down.
Sure, you know all about the open floor plan craze that comes with lower overhead costs. But this layout also comes with apparent pitfalls such as reduced productivity and increased stress among employees. So are the savings really worth it?
The answer is most likely: no—especially when you can cut tremendous overhead costs by transitioning your team to remote work. We’re talking an average of $10,000 in real estate savings per each full-time remote employee every year (PGI News). That’s money you can put towards investing in high growth possibilities!
Remote opportunities are only increasing.
Lastly, regular work-at-home, among the non-self-employed population, has grown by 140% since 2005, nearly 10x faster than the rest of the workforce or the self-employed (Global Workplace Analytics).
All that to say, it appears remote work is here to stay.
So what if you could outsource jobs to remote workers and not worry about finding a quality hire, payroll, policy, or managing your team? Let Instant Teams handle all of that for you so you can focus on scaling your business.