Making business turnover around 1 million and paying .70 million to work professionals and office maintenance! Not good, right?
The most important thing to grow your business is profit, and if you are hanging between high-paid and slow working employees, your dream to make billions of profit will only stick to dreams.
Well, there's a simple way to grow your business even if you have small capital, and that's hiring remote workers. Recently, a report from Owl Labs confirmed that around 16% of global companies are now fully remote.
For sure, some enterprises need a physical office, like industries. But nowadays, many enterprises work in businesses that only need a good computer and access to the internet, so they can have all the employees working remotely. This happens with marketing agencies, developers, CRM vendors, digital retailers, information technology, and much more.
In the beginning, you may face some difficulties that come with hiring a remote workforce for an organization, but it's pretty sure that you will end up with positive results. Moreover, there is a way to greatly simplify this process. Companies like StartupSoft have proven professional teams that you can hire to complete a variety of tasks. And with this, you will get the same benefits. And it's not only about cost-saving but many hidden outcomes that you possibly don't know about.
#1 Reduces Office Costs
You will no longer need to lease a workplace to run your organization. Though there are some specific benefits to having your entire work squad in one place, your expenses from paying lease rent and acquiring other necessary resources sum up to an enormous amount. And when you work with a remote team, you save up this amount.
According to PGi, the mean property conservations with full-time employees is $10,000 for each employee annually. The insurance firm Aetna used around 2.7 million square feet of room space transpiring in an expense reserve of $78 million annually. The budget-friendly significance of isolated employees solitary renders it a big attraction.
If you are concerned that your remote work won’t be as efficient as office work, then don’t worry. With a sincere team and the right tools, you might get even better results than regular office work.
#2 Better Talent Acquisition
Companies now have started acquiring employees from different regions. For instance, a company in India works with people in the United Kingdom, the United States of America, Canada, etc.
Hiring employees from all around the globe gives you a chance to work with professionals with a broader set of skills that are often unavailable while hiring locally. The organization can also benefit in many other ways, including professional and personal development, cultural sensitivity, and insights about different regions, which results in higher quality marketing.
But, when your organization is based in just one location, you will lose the opportunity to hire talent and employees from different regions, as the employees might not be able to relocate.
Hiring a remote workforce can solve this problem of yours. You would be able to recruit people from anywhere around the globe, and you will also save money paid to employees for relocation.
Moreover, a survey conducted by AfterCollege says that nearly 68% of individuals would go for a corporation that would offer them to work remotely as it would benefit them as well as the company themselves.
#3 Increases Employee Happiness & Retention
Remote workers are happy and loyal to their work if the company is encouraging and supportive. The other primary requirement that most remote workers look for is flexible work options.
Companies that offer flexible work options in current stressful scenarios enjoy high employee retention. When your employee gets the freedom to work in a comfortable time zone also makes them more productive and efficient. It's not only good for them but also the organization.
Many companies and organizations have already started implementing this model to benefit both parties. After All, a happy and loyal employee holds the key to your company's rapid growth.
#4 Work Management Has Become More Easier
While working remotely, email alone is insufficient to communicate effectively and keep an eye on your team's progress. But thanks to work management tools like SmartTask, Asana, Basecamp, and more, that make managing multiple projects, teams, and communication easier than ever.
Also, there are tools like Microsoft Teams, Slack, and Zoom focused on streamlining communication. These tools make it easy to give remote workers visual cues and clear instructions to help them work effectively.
#5 Boosts Productivity
Several studies and research prove certain aspects of in-house work have adverse effects on physical and mental health, but at the same time, this can be reduced to negligible by working remotely.
In the UK, commuting is one of the major issues where an average worker spends around 58 minutes commuting to work. The rate varies drastically due to negative moods in the workplace and somewhat due to high-stress levels. Remote work removes the need for a commute and the associated adverse effects.
Hiring remote workers remove commuting, and also the overall workplace stress is vastly reduced by 82%. Also, around 3000 remote workers were surveyed by FlexJobs to find their opinion regarding flexibility in jobs, where 77% of them said they would be healthier if they switched to flexible jobs.
It simply means flexible remote work suits employees better and significantly boosts productivity.
#6 Saves Time for Employees
Workload and deadline stress increases with the daily commute, putting a damper on any workday. Aside from weekends, it is essential to relax, clear the mind, and reduce stress every day. And, working from home or co-working spaces saves you that time.
Everyone would like to spend some good time with their family in the few hours that go into traveling. This will help your employees stay sane and in a better mood that would reflect during working hours as well.
#7 Better for Environment
Working from home saves the environment in a very indirect manner. There will be no need to move to the office using any car or bike. This will eliminate commutes, carbon emissions, and other greenhouse gasses from roads.
A report says that not commuting for even half a week can reduce greenhouse gas emissions every year, precisely 54 million tons. Also, not commuting reduces the amount of paper, electricity, and heating used at the office.
So, hiring a remote workforce not only benefits the employee and the employer but is also good for the environment. Isn’t that great!
If you feel that moving to a remote work environment and hiring employees remotely will be difficult to handle, then tools like HR cloud can come to your rescue.
HR cloud eases the transition from a physical to a virtual workplace. The platform helps organizations automate their online hiring process, make onboarding easier for the employees, and create an engaging work environment.
HR Cloud can help you meet your scalability requirements, empowering you to work with the speed and agility of a small company while sharing valuable knowledge and resources with everyone in your organization.
So, stop worrying, and take the leap to remote work. You won't regret it.
Author Bio: Shyamal Parikh is the Founder of SmartTask, an online work management/automation software that helps teams streamline their processes may it be sales, hiring, customer success, or projects. He actively shares strategies and techniques that improve a team’s productivity.