7 Benefits Of Having A Remote Workforce
A remote workforce is not just another annoying millennial request to the workplace. It’s the real deal which provides solutions and is the future of work as we know it.
The companies that jumped ahead and have a remote workforce like GitHub or Buffer have already seen massive benefits from it. We have systemized those and have found out that they fit into 7 different categories. So here are the 7 benefits of having a remote workforce.
1. Technology made it possible...and it's amazing
“Hey, can you hear me?
Can you see me?
That’s how every Skype call started 5 years ago when the internet connection was still breaking down often and remote working was a nightmare.
Today we have a different story. You want to know what your colleagues are up to? You no longer have to get up, go to the water cooler, listen to 10 minutes of gossip to finally catch those 20 seconds of important information.
You simply open up any task management system your company uses like Trello, Slack, Asana or Podio and you can see who is doing what.
The communication via these systems is easy so you can also pick up any info you need and it’s not only used for business purpose. According to Connect Solutions study, “80% of remote workers feel more connected to their co-workers, especially when they used a unified communications channel.”
Technology made it possible...and awesome but it isn’t the only benefit of having a remote workforce.
2. Productivity skyrockets
It’s estimated that businesses in the U.S. lose $1.8 trillion a year in productivity. To put that in perspective, you could buy the entire fleet of all top 10 world’s largest airlines and still have more money than the GDP of the Netherlands.
Having a remote worker is more productive than having an in-office worker. The remote workers are likely to work overtime twice as much as the in-office workers. The remote workers are happier with the work they do, they are more effective, getting work done in less time than in an office.
You are excused from office politics, gossips near the water cooler, unnecessary meetings and what you have left to do is the work itself.
By some studies, a remote worker is 35% more productive than an in-office worker. But what does all of that productivity yield?
3. Your business saves money
Having a remote workforce means more money in your pocket. First of all, you don’t have expensive overhead costs like office space and remote workers have less sick days (because they are happy with the work they do) and take fewer vacation days.
According to an article on Work.qz.com, “a study showed that switching to full-time telecommuting could save a company $10,000 to 20,000 per employee per year on real estate costs. On a team of 20 people, that is some serious money.”
But it’s not only about saving money, it’s about having happy employees which boots morale and productivity. And if there is one thing that the employees hate it’s commuting.
4. No commute= happiness
You work 9-5, but it takes you one and a half hours to get to work and the same back… if there are no traffic jams. Two-thirds of employees would take a different job where their commute time is shorter.
A commute is so horrible that it affects even marriages. Swedish scientists discovered that a 45-minute commute makes the couple 40% more likely to divorce. So it’s no wonder that companies cut down commuting and it worked. Top talents stay at companies where they can work from home and where they don’t lose family time in a commute.
Employees save money and time on a commute and therefore, they are happier. An employer benefits from this because a happy and satisfied worker is a productive worker. Cutting commute out is truly a win-win solution.
5. Employee turnover
We have just mentioned how companies keep their top talent by allowing them to work from home, beaches of Maldives, mountains of Spain or amazing coffee shops of Balkans.
Employees who work for a company that prioritizes work-life balance have less turnover rate and, in general, have more loyal employees. People are not going to misuse your benefits, they will be grateful for them and repay that with loyalty and great work.
A study done by Staples Advantage shows that 76% of employees are willing to work overtime when they have the option of remote work. Also, it showed that the workers have the tendency to stay loyal and keep working for companies which provide remote and telecommuting work.
The people working from beaches, mountains and coffee shops don’t only bring their happiness and knowledge - they bring a different perspective.
6. Diverse perspective
The ability to have multiple perspectives on the same matter is what separates good companies from great companies. A diverse perspective helps you look at a problem from different angles and therefore innovate and create more solutions.
What once looked like an impossible problem to solve was only a tunnel vision from one perspective. It’s like going to a bank with 50 people and a robber getting inside and firing one shot. The bank’s guard immediately got him but the one bullet hit you in the hand. What kind of an experience is that for you?
It can be the worst day of your life because you got shot but it can also be the best day of your life because you literally “dodged a bullet” and survived to tell a tale.
And we get these different and diverse perspectives by having access to global talent.
7. Access to global talent
People should be judged by their abilities, effort, and achievement and not some absurd reason like location. And in today’s world of connectedness, you have access to over 4 billion people who have access to the internet instead of 1000 times less sample size of your geographical surroundings.
We at Invide Labs proud ourselves by passionately fighting mediocrity and having a 100% remote workforce. But the thing is that an average Invider is anything but average - they are three times more productive than an average developer and they go through 7 weeks long selection time.
It’ hard to become an Invider but for the ones that do, we can guarantee an immaculate performance. We are telling you this because we didn’t find Inviders in a small, geographically closed up circle. We found them everywhere around the world and so can you.
Having a remote workforce has these 7 benefits and if you incorporate all of them, you will see a massive spike in your productivity and success as a company. And since our mission is to connect Inviders, massively productive web developers who work remotely, with companies who seek quality work from a remote worker, let us know if we can help you out by providing you developers.
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