SME Cofe

Feb 20, 20203 min

Why working from home could benefit your business

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.

Increasing Productivity of 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.

Working from Home Is More Possible Than Ever Before

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.

Cutting Costs

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.

Hire the Best Talent

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.

Remove the Commute

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.

Summary

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.