1. LESS TIME SPENT COMMUTING
A reduction in the amount of time spent on a stressful and unpleasant commute is undoubtedly a benefit for employees, but it could also give your business a boost too.
2. IMPROVED EMPLOYEE RETENTION
One of the biggest headaches for small businesses is losing the employees that make them tick. Small businesses cannot always compete with larger organizations when it comes to salary and benefits, so it’s important to make the most of the advantages you do have.
3. ACCESS TO A WIDER POOL OF APPLICANTS
One of the key drivers behind the rise in remote working is the ‘millennial effect’. Younger generations have grown up being able to communicate cheaply and effectively from anywhere in the world, so it follows that they expect the same in a workplace environment.
4. MORE AUTONOMOUS EMPLOYEES
Giving your employees the ability to work from home allows them to operate in a way that suits them. People can be very particular about how and when they like to work. In an office environment, all employees must adapt to the same approach. However, at home, they have much more control.
5. LOWER COSTS
We’re probably preaching to the converted here but office space is expensive. If you rent office space then you can claim some of the costs back as part of your capital allowance, but it’s still likely to be one of the biggest fixed costs your business will have.
6. MAKE BETTER USE OF TECHNOLOGY
Working from home would be impossible without the fantastic technology we have today. Technology is the key enabler of mobility, with fast Wi-Fi connections, smartphones, cloud computing, instant messaging, project management software and VoIP allowing colleagues to communicate and collaborate instantaneously.
7. REDUCED SALARIES
We’re not suggesting that your employees will be happy to take a pay cut in return for more flexible workplace practices, however research has shown that 36 percent of employees would choose the ability to work from home over a pay rise.
8. INCREASED PRODUCTIVITY
Business owners need to have a certain amount of trust in their employees to let them work from home, but those that do can benefit from an increase in productivity.
Do you have any other input what benefits your business has while working remotely? Kindly let me know!
I would also add improved morale and mental health
Letting employees work from home can help cut back on your business's turnover rates by offering employees a fringe benefit they may want to stick around for. Not only does telecommuting boost employee satisfaction, but it also makes it possible for an employee to work for you if they move to a new city.