Remote work is becoming an increasingly popular choice for businesses. Thanks to the ease and accessibility of the internet, the traditional 9 to 5 workday is being replaced by flexible hours that can be completed anywhere and at any time. Making the choice to employ remote workers can enable your small business to grow successfully by allowing flexibility and enhancing productivity.
It is necessary to recognise that employing remote workers won’t be a choice that will work for every workplace, such as those that require hands-on labour. However, if the benefits of flexible work will apply to your business, it could give you a competitive advantage.
While it may sound counterintuitive, research has shown that remote workers are actually more productive than those who work in an office. Employees that working from home don’t have the distractions that occur in daily office life. They also have the ability to work longer hours at times that suit them, without being regimented to the typical 9 to 5 workday. This can lead to workers being more engaged with the work and can also increase happiness. It is important to note that this style of work is not suited to everybody, and some people can experience isolation and loneliness in the remote work environment. As an employer, you should make sure working remotely is a good fit for each employee’s personality.
Reduce business costs:
Hiring remote workers can enable you to save money on office expenditure, such as real estate and utilities. You could even consider moving more of your business into cloud software, to allow the remote employees access to office files from home or wherever they may be working. This has positive implications from an environmental standpoint, while also cutting utility costs such as paper, recycling and waste. While these may seem like minor costs, they do add up and the savings resulted from removing these costs will be noticeable to your business.
Hiring from a wider talent pool:
Finding the right person for the job can be easier than ever before with the increasingly growing virtual marketplace at your fingertips. Not only can you access people with better skills and experience, but will be able to employ them regardless of where they live.
If you are considering becoming a part of this growing trend of hiring remote workers, you should consult your accountant to understand how this works in practice. While there are a number of considerable advantages, it would be beneficial to receive professional advice regarding issues such as payroll and your obligations as an employer.