3. Reduce Cost
Working from home is one of the best ways that both employees and employers can save money and resources. The employees can save a lot since the commuting expenses will be significantly cut. One does not need to travel to and from the offices during the rush hours when working remotely. The commuting cost will add to a considerable amount of money when accumulated over a certain period. Besides, the workers will not have to spend on lunch meals and breakfast when they are working remotely since they will only need to prepare their own meals when in the house. Saving on meals can also play a significant part when it is a question of saving on the expenses. Therefore, if an employee does the math, they will realize that there is a change in their bank account when such costs are cut off.
Further, the employers will also have something to smile about. Assuming that you are an employer with a reasonable number of employees, you will be forced to hire working space to accommodate all of your employees. The cost of renting a working space depending on the size and number can be too high, and when that amount is saved can help the employer divert that amount to other businesses. Besides, an employer would outsource other services like security, internet connection, maintenances, and cleaners. All these will require their pay share monthly or as agreed. If these are also saved, the employer will have a considerable increase in their bank account that can be channeled to other work or investments.
4. Increasing the competitiveness of the business
Irrespective of the product, mission, vision, and goals of the business, the employees play a critical role in ensuring that the business is successful. When the employees are given the freedom to work remotely, it will imply that they will work happily and competitively for the business. Since most of the top talents are looking for a job opportunity that will give them the freedom and ability to work remotely, a company that offers the freedom will have the chance to hire and retain top talents. Such talents will significantly help in improving the growth of the business in today’s competitive market. Working remotely is essential in ensuring that the company remains relevant and gets top-rated employees with the ability to improve on the company’s products and services, thus making the company more competitive in the current competitive market structure.
5. Possibility of increased productivity
An old saying goes, ‘A free person is more productive than a slave.’ Working from the office is not slavery though it has a tight schedule that can be inconvenient to some employees. If a person feels that a work plan is too tight and they are struggling to cope up, they would be frustrated and start working for the sake of getting paid. However, if they are allowed to work with freedom, they would become more productive and enjoy whatever they are doing. Besides, attracting the top-rated employees, a company that allows its employees to work remotely, is more likely to get better results and productivity than the one with tight schedules. Commuting to and from work daily can lead to fatigue and make the employees less productive as opposed to if they are left to work freely from home or wherever they feel comfortable. Besides, there would be more time available for the workers as the chitchats from colleagues that can lead to time wastage, and reduced concentration is not there.