SME Cofe
Feb 20, 20203 min
Updated: Feb 17, 2021
Working from home can benefit both businesses and employees to improve
the output and impact of the company. In today’s world, the development of
technology has made it more possible to run a business from any location. This
presents a great opportunity for you to better your business and employees.
Studies have found that employees who work from home are 13% more
productive than those who work in the office. If you are looking for a way to
improve the productivity in your business, offering your employees more
flexibility in their job and the environment they work in could be a good
starting point.
In the UK, 87% of adults used the internet daily in 2019. Almost everyone
can access the internet in today’s modern world which means you can complete
many jobs from the comfort of your own home. Internet access allows
communicating with colleagues and the sharing of resources. The most prominent
industry for working from home is the tech industry, however, there are more
and more industries that are adapting to the internet to allow you to work from
any location, for example, expenditure on digital marketing is expected to
reach $380 billion in 2020 so more businesses are turning to digital marketing
as their main channels for marketing and this is a job that can be carried out
from any location in the world.
If both you and your employees work from home, it can help your business
to cut costs as you don’t have to pay for office space or office supplies.
Saving on office space and supplies can save you a large chunk of money which
can be allocated to greater purposes such as investing in your employees and
customers to make their experience unforgettable. Saving on these items
essentially gives you more flexibility when operating your business and it can
be common for businesses to be unnecessarily renting an office space, so be
sure to think about whether you need a physical office space.
Operating a remote work programme means you will be able to hire people
from all over the world and this broadens the talent pool from which you can
recruit your next big employee. Hiring the best talent is an obvious bonus for
your business and the quality of your products and services will give you that
competitive advantage over close competitors.
When you work from home there’s no need to commute. This is possibly one
of the most important points that could benefit you and your business. Reports
have found that an average of 54 hours is spent commuting each year because of
distance and traffic. That’s 54 more hours you could be spending innovating
your business, building customer relationships or even dedicating more time to
yourself to rest and recover. Regardless of how you re-allocate this time, it
will most likely be better than sitting in traffic.
There are many pros associated with working from home and some of these
can help to transform your business, however, it’s not for everyone so it is
important to weigh up this decision to see if it will benefit your business.
Working from home not only benefits your business, but it also benefits you and
your employees as flexible working has been linked to a higher level of
productivity.
If you are thinking about working from home, you might want to consider
adopting a virtual office. Virtual offices provide you with a professional
address for your business and this offers privacy for you as your house address
will not be associated with your business.
Click Here for more information on virtual offices.