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.
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