Best flexible and remote work statistics for employers
Flexible work, or remote work, is getting to be an incredibly popular choice. It removes the stipulation of a physical presence in the office and allows workers to work from anywhere in the world. While this is obviously attractive for the employee, as it allows them greater flexibility in scheduling their working hours, is it really beneficial for the employer as well?
The answer is yes – flexible work can greatly benefit employers too! This article will go over some of the key statistics surrounding flexible work and demonstrate how employers can be much better off for it.
1. It improves employee satisfaction – 87% of employees felt that their employer should support them in maintaining a healthy work-life balance.
A healthy work-life balance is instrumental for employees to feel satisfied at their job. The flexibility afforded by remote working can have an increasingly positive impact on job satisfaction by allowing employees to schedule their time in a manner appropriate to their needs. In turn, this also makes remote work arrangements an attractive option for employers. After all, happy employees are better workers and are more likely to go above and beyond for their employer. Improved employee satisfaction rates will automatically influence job performance rates to increase too!
2. It improves productivity – 66% of remote workers feel more productive now than when they were on-site.
Happy employees are also more productive employees! Although you may think having a distributed team could impact productivity as you will not be around to check on your team, research shows that it actually increases it. Flexible working not only allows employees to better manage their work-life balance, it also allows them to schedule their work tasks in the most constructive manner for themselves. This reduces their stress levels, thereby making them more productive overall. They can also pick relaxing, comfortable locations to work from and eliminate distractions altogether.
3. It helps with talent acquisition – 69% of millennials would forgo other work benefits if offered the chance to work remotely.
Flexible working is a top priority for millennials. After all, with our current technologies, remote collaboration is easier than ever and there’s not many reasons one would need to be physically present in the office. Several estimates suggest that millennials will soon make up 50% of the workforce. Therefore, prioritizing flexible/remote work over other work benefits will enable companies to attract more employees, especially fresh graduates. Plus, flexible working is such an attractive benefit that you can often cut other benefits while still keeping your employees happy and productive.
4. It improves employee retention – Companies that allow remote work have a 25% less employee turnover rate.
Switching jobs is no longer as difficult as it was 30 years ago, which is why employers need to invest in employee retention. Nowadays, if an employee is unhappy with their working conditions, they will easily be able to find a different employer who meets their requirements. Employees tend to be more dedicated to employers who allow them the option of working from home – this freedom likely translates into employee satisfaction which leads to lower staff turnover rates.
5. It enables highly skilled employees to be hired – 77% of employees surveyed consider flexible work opportunities when evaluating prospective job opportunities.
Millienials aren’t the only group of people who are attracted to flexible work – it turns out, everyone is! Plus, allowing employees to work remotely means that they can work from anywhere in the world. This means that employers are not restricted to hiring within a certain area, and instead, can broaden their skill reach and choose from a wider pool of talented individuals, many of whom will jump at the chance to work remotely. You can now hire an employee who is highly skilled and most suited for the position, regardless of their physical location. As flexible work opportunities are very important for a significant proportion of the workforce, offering this benefit will enable employers to attract more talent to their company.
6. It saves money – Remote working saves companies up to $1000 per remote worker per month.
Allowing employees to work remotely can help employers save around $11,000 per year. This is because they no longer have to contribute towards office costs or pay for hardware equipment such as laptops/desktops, printers, shredders, etc. They can also save on electricity and internet bills! Additionally, working remotely tends to keep employees happier and happier employees are healthier – this can help companies save on healthcare costs too. Plus, happy employees are more likely to stay with the company, so companies can also save on recruitment and training costs.
7. It reduces salary costs while still keeping employees happy – 52% of respondents said they would rather take a pay cut than work in an office.
Another way that flexible working arrangements can save costs is by lowering employee salaries. Many employees are happy to take a pay cut if they could work from home. After all, they can save on commute fares and lunch, as well as experience the numerous other benefits that come with remote working. Employers can then save costs too – it’s a win-win for everyone!
8. It’s more green – Currently, telecommuters reduce greenhouse gas emissions by an amount equivalent to 600,000 cars.
Saving on commute costs and time are certainly an important benefit of flexible working, however, its positive impact on the environment is far more understated. Remote management means that your employees’ daily commute to work is taken out of the equation, so, their carbon footprint is reduced by a highly significant amount. In fact, if all employees who wanted to work remotely were given the ability to make the switch, greenhouse gas emissions could be reduced by an amount equivalent to 10 million cars. So, introducing flexible working options in your company can enable you to do your part for the Earth.
So, there you have it – hard facts and statistics that show the true impact of remote working on employers. In fact, the benefits afforded by this arrangement extend to both employers and employees, and even the environment! It’s safe to say that if flexible work options are feasible for your business, it’s worth a shot.
If you’re thinking about implementing a flexible work program but are a little unsure about the details, please do get in touch with us at Flydesk! You can contact us here.