Research has shown that remote employees are happier, more engaged, and productive employees, offering a great benefit to any company. The author explains that costs for a company can actually decrease, as there are no office or infrastructure costs with remote employees. There are economic and time savings implications for both the employer and the employee.
- Here is a question I get a bunch. Why on earth would a company agree to let its employees work wherever they wanted without strict supervision from a manager? Well, I for one can tell you that as a remote employee I am happier, I am more productive and more engaged, all things that help an employer's bottom line. Actually there are lots of benefits to employers and employees, and believe it or not, communities and the environment. Let me explain a little bit.
Do you know how much it costs to house an employee in an office building? It is estimated that employer pays an extra 30% of an employee's salary in just infrastructure costs to keep them productive in an office. The phone, the desk, the cubicle, the heating, the electricity, and the square footage of office space they consume. The list goes on. Those numbers go down considerably when an employee is remote. So as a result, the employer needs to purchase less office space and less stuff for an employee to accomplish the same job.
Okay, okay, I know, your next question, but there must be a hit on productivity if people are not in the same office, right? Actually, studies at Stanford have shown that remote workers are more productive. The reason, less distractions, less interruptions. Because there is not a mass exodus to leave the office at 5 PM, remote workers actually tend to put in longer hours, not a bad deal from an employer standpoint. When it comes to the employee, well, the list of benefits goes on and on.
Just imagine, you don't have to spend time in a commute or spend money on gas. You get to spend that time being productive. The economic and time savings is huge. As a result you're happier and more engaged as an employee, which also means you're probably going to stick around with that employer for a while. Lower turnover rates for employees, more savings for employers. From a personal standpoint, I can vouch for the benefits of remote working too. I am an environmentalist at heart, which is one of the big reasons I got into this remote working space to begin with.
I love that I don't have to burn gas in my car just to get to work, and that employers are scaling down the amount of office space they need and are reducing their carbon footprint. From a social standpoint, I love that coworking spaces are popping up for remote workers to join together and share ideas. If you walk into a coffee shop these days, you're bound to see folks buzzing away on their laptops too. If we think globally, the economic implications of remote work are actually pretty darn significant. Let's say, for example, you were born in Montana, and went to college in New York City and majored in business.
When it comes time to look for jobs back in small hometown, which you love, you realize there are tons of opportunities in New York but very few back home. What do you do? Well, remote work allows you to live in places you want and the income you earn gets spent in the community, helping build the livelihood of other folks in that community. Companies love this too because they can recruit top talent regardless of location. Now let's take that example for someone who lives in a rural town in Kenya.
Expand that to other rural towns all across the world and what you get is a distribution of job opportunities and wealth that never existed. Pretty cool stuff, right? My hope is that you can see why remote work is a trend that is growing. As more and more employers start to realize these benefits, the more profitable companies will be, the happier employees will be, the happier the environment will be, and the more that gap in the distribution of wealth will shrink. All great things.
- Preparing for your remote job hunt
- Setting up a productive workspace
- Finding remote jobs
- Avoiding scams
- Crafting a remote resume
- Interviewing for a remote job
- Negotiating salary
- Staying motivated