The modern workforce is changing, and remote work is becoming an increasingly popular option for employees. As a business leader, you may be wondering—how can enabling remote work help my business scale and grow? There are several key ways.
- Access to broader talent pools By allowing remote work, you open your talent search across geographic boundaries. No longer limited by commuting distance to your office, you can source skilled professionals from around the country or world. This results in higher caliber candidates overall.
- Reduced overhead costs Maintaining less office space and equipment from remote employees translates into reduced operating costs. The savings from needing less physical infrastructure, amenities and utilities can be invested into other business growth areas.
- Increased productivity Studies show that remote employees log more hours and demonstrate higher productivity than their in-office counterparts. Giving professionals the flexibility to self-manage their environment can optimize work efficiency.
- Reduced absenteeism Offering remote work also alleviates many pressures of a daily commute. Employees working from home take less time off and have higher job satisfaction—keeping them focused on the tasks at hand.
- Better retention High turnover cripples a company’s bottom line. However, employees consistently rate remote work options as a coveted, important benefit. Flexible remote policies can greatly improve employee retention over time.
The data supports that strategic remote work arrangements provide measurable growth benefits for organizations. As a leader, consider updating dated policies to attract top talent, retain professionals, reduce costs and drive productivity. The outcomes can set up your business for scalable success.
