The numbers are speaking for themselves: there is no doubt that “working from home” gains more attention in the current working world.
For most people, working from home is seen as an employee benefit, with workers gaining more from flexible working arrangements than employers. Next, we will emphasize the benefits that working from home can bring for all involved.
Many employees value flexibility in their working arrangements for several reasons, often depending on their circumstances and priorities.Health
This is the most common answer when people are asked why they like to work from home. Eating healthier, being able to go to the gym or to take a walk, taking breaks when they are needed help the employee working from home to relax and relieve the stress; thus, when he/ she is back to work, is more focused and therefore more productive.
Another stress-related factor that disappears when working from home is the commute. Many employees get to work already frustrated after spending precious time getting there. For employees who work far from the office, cutting out the commute can make a world of difference for their stress and overall health.Parents
The parents represent one common group that chooses to work from home instead of other benefits.
Working at home allows parents to be a part of their children's routines throughout the day; not just early mornings, evenings, and weekends. Working from home, parents can take a lunch break with the toddler, hear all the day's news when they get home from school, and so much more. Of course, working from home parents don't have unlimited time with their kids, but they do have more frequent opportunities to be with their children. Working from home also saves money on childcare costs for children who are not yet school age.Money
There has been a lot of discussion in the flexible job market about how working from home will save money. According to flexijobs.com, the average person can save at least about $4,000 per year by working remotely, by eliminating the costs with:
Besides being an effective talent recruiting and retention tool, letting employees work from home can save employers money in myriad ways.Increased productivity
Employees working from home have greater autonomy, face fewer interruptions with useless meetings and other time wasters and they can focus on their work.
They often have higher morale and enjoy their job responsibilities more than those in a traditional office environment. Increased morale often has a positive impact on the quality of work and productivity, which benefits the business in terms of bottom-line earnings.Reduced costs
The advantages of working from home can be easily observed in the office-related cost reductions. The company providing work from home for its employees is cutting the costs with office spaces, rents, office supplies, utilities, snacks, IT equipment.Hiring the best, no matter where they are located
Opening the talent pool seems to be one of the biggest employer benefits when it comes to working from home policy. Allowing employees to work from home, a company can hire the best of the best while not limiting by geographical restrictions.Increased job satisfaction and reduced turnover
This helps companies cultivate long-term staff that develops an increasing degree of knowledge about your business. Greater employee loyalty also means less time and money spent advertising for open positions, screening, interviewing and hiring new staffers and bringing them up to speed on job responsibilities.
Working from home makes employees happier. Happy employees don’t quit. Simple logic.Environmental impact
Employees who work from home often communicate with colleagues and managers via email, telephone, and videoconferences, reducing paper consumption.
Conducting virtual meetings and facilitating communication electronically helps protect the environment through reduced automobile emissions. This helps the environment and can allow you to position your business as a good corporate steward.
Today’s companies have the opportunity to build the future we want to work in. This is a future with a calmer, more balanced, and more fulfilling way to work and live. This is a future with work from home.
Technology allows us to work from wherever we want. We can log on to computers from a home office or coffee shop anywhere in the world, as long as we have an internet connection. And, despite some resistance to a new mode of work where teams are distributed, more companies are opting out of a traditional central office and building teams working from home.
Now that teams have advanced tools like team communication apps, video chat, and project management software, team members can work together regardless of their location. As a result, companies can tap into talent pools around the world and employees can work from wherever they desire without having to relocate to expensive metropolitan areas.
Technological innovation and globalization enable citizens across the world to acquire in-demand skills and work anywhere. Not only do people have access to education through the rise of online learning, but they can also connect with others virtually once they are in the workplace.
As technology becomes more and more advanced, it’s also evolved to specifically meet the needs of workers from home. By 2020, it is expected that 50% of the workforce will be working remotely. Innovation in the space, particularly in cloud infrastructure, has led to major advancements in communication, finance, project management, and much more.
In 2019, Buffer found that 99% of existing remote workers would like to work remotely, at least some of the time, in their careers. Many cited a flexible schedule (40%) as the biggest benefit to remote work, followed by the ability to work from any location (30%).
Working from home is a competitive advantage. That’s because it’s often synonymous with better work-life balance, which leads to happier and healthier teams. Additionally, remote companies can hire the best possible talent they can find without restrictions on geography.
Work from home is skyrocketing, so that now it has its own global day on the 10th of April. This day is a celebration of working from home (wherever home happens to be) for employers and employees around the world.
So, Happy Work from Home Day and Welcome to the Future!
And if your boss is on the fence, here’s a compelling case study — from Nicholas Bloom, the William Eberle Professor of Economics at Stanford University — to show.
Working from home is becoming more and more popular among employers and workers. Both groups decide to choose to work from home based on common grounds: financial reasons. On one side, the employers want to reduce costs with offices, utilities, furniture, rents and everything that comes with a working place. On the other side, workers want to spend less time and money on fuel or while commuting.
People working from home want to be seen better than those working in the office to justify their flexible arrangements, they are more productive, get more done, worked longer hours, took fewer breaks, and use fewer sick leaves.
Digging deeper into work from home statistics we found out that:
Employees working from home are more productive
According to a survey by Polycom. Inc, 98% of respondent’s state that anywhere working has a positive impact on productivity. Those who work remotely at least once per month are 24% more likely to be happy and productive than the others are. Two-thirds of managers' report that employees who work from home increase their overall productivity.
Even more, 66% of employees say they are most productive when they work alone — far from distractions like inefficient meetings, office gossip, or loud office spaces.
Companies that allow working from home have 25% lower employee turnover
Remote work statistics indicate employees are more dedicated to companies that allow them the freedom to work from home. This is becoming extremely important as connectivity and the abundance of choice leads to high turnover rates.
People have many more options than they did a few decades ago when it was common to work one job for your whole career. As such, it is no surprise that businesses need to offer improved working conditions to ensure employees stay loyal.
94% of remote workers encourage others to work remotely
Research shows that once you start working remotely, you do not look back. Indeed, Buffer found that 90% of respondents who work remotely would not return to office life. Statistics like this show the overwhelming feeling of freedom remote workers enjoy, and the appreciation they have for the companies that offer it to them.
54% of people would move to a different company if it gave them greater flexibility at work
Statistics on working from home point to rising demand for flexibility when it comes to working conditions. For the first time ever, the majority of people are willing to change jobs for just this reason. Companies need to keep up with this demand by offering conditions that suit their workers.
18% of people around the world work from home
The State of Remote Work 2017 research on working from home found that 65% of respondents who don’t work remotely today would like to work remotely at least once per month. These figures also highlight a slight inequality between the genders, with men more likely to work remotely than women do.
Globally, South America leads the way when it comes to working from home. South American workers are 67% more likely than the global average to work full-time remote jobs.
68% of millennials would give up other work benefits for a more flexible schedule
If you’re looking to bring in a bright, new class of recently graduated candidates, consider opening up your benefits to include work from home flexibility.
According to the 2015 AfterCollege Annual Survey, 68% of millennial job seekers said a work from home option would greatly influence their interest in working for a company. In fact, out of all the benefits that make a work environment fun, casual, and flexible (regular social activities, casual dress code, free snacks, and drinks, etc.), working from home benefits were the most important to young job seekers.
75% of people choose to work from home as there are fewer distractions
FlexJobs Annual Survey discovered that distracting conditions at the office are the main reason why people choose to work from home. Of those who work remotely, 74% said that the coworkers distract them. Even when they are not directly bothering you, coworkers still add to the overall noise in the office.
21% of people are willing to give up their vacations to get more flexible hours
This is one of the workings from home stats that show just how much workers desire flexibility. More than a fifth of people surveyed said that they would sacrifice their vacation time in exchange for flexible work conditions. What’s more, 28% would accept a pay cut of 10% to 20% to work remotely, while 17% value flexible work more than employer-match retirement contributions.
76% of people say they would feel a greater sense of loyalty for their job / company if the working hours were flexible
Working from home flexibility has a big impact on the morale and loyalty of workers, as most surveyed respondents confirm. 97% of people say they would love to have a flexible working plan. This indicates that companies with strict working conditions risk losing talent and getting left behind as the business world becomes more flexible.
86% of people feel that working from home would reduce stress
Stress is the plague of the modern world, especially in big cities filled with noise and congested traffic. It is no wonder, then, that the vast majority of people feel that working from home or away from the office reduces stress and improves their general health.
In the same survey, 77% of respondents also said working remotely today would help them get more exercise, maintain a healthier diet, and generally lead a better life.
The number of people who work from home has increased by 140 % since 2005
Major technological advances over the past decade have caused a massive shift toward digitized jobs with tasks that only require access to a computer and an internet connection.
This has made remote work a reality for an increasing number of people around the globe. The statistics show that full-time employees are four times more likely to be offered the option to work remotely than part-time workers.
Telecommuting has increased by 22% between 2017 and 2018
The study into the benefits of working from home found that telecommuting is the most sought-after flexible work arrangement, closely followed by flexible scheduling. Almost all people surveyed (97%) said they were interested in working flexibly in the long term, while 83% said they know at least one person who already telecommutes.
74% of the employees would leave their jobs if offered more flexible options elsewhere
People are now more informed and willing to quit their jobs than ever before. According to a research, from 2017, 74% of employees would quit their work for a different organization that allows them to work remotely more often, even if their salary stayed the same. This means that for the first time in a long while, workers are actually influencing change on a large scale and leading companies to offer more flexible work options. If these businesses refuse the wishes of workers who want to work from home, they risk much higher turnover rates.
Small companies are twice as likely to hire full-time work from home employees
Small businesses prefer to hire full-time remote workers mainly for their own convenience. Not having to invest in office space, pay electricity bills, and buy hardware makes hiring remote employees much more profitable in the long run. Of all the industries surveyed, sales employers lead the way in hiring remote workers.
83% of employees feel they don’t need an office to be productive
The “work from home” approach is now a hit between both employers and employees, as an increasing number of people view remote work as a net positive for their productivity. While there are certainly some drawbacks to working from home, it is obvious that most workers don’t feel the need to go to an office to be productive. In fact, according to Workforce Futures: The Role of People in the Future of Work, 83% of employees believe they don't need to be in the office to be productive.
63% of employees believe that the eight-hour workday will disappear
As the way we think about work changes, so will long-standing practices like the standard eight-hour workday. As stated in the research conducted by PwC US, more than a half of the participants think that the eight-hour workday will disappear. Additionally, people in digital industries who work from home are already pushing for shorter workdays. Working from home statistics indicate that this could be the next big effect of technology, allowing for even more freedom and flexibility in how workers organize their precious time.
21% of remote workers cite loneliness as the biggest drawback from working from home
While working from home has many benefits, it’s not without its drawbacks, either.
Working from home statistics show that difficulties communicating with colleagues are also a major struggle for 21% of workers, followed by distractions at home (16%). Other notable issues include the struggle to stay motivated and problems working across different time zones.
Of course, there are other types of leave of absence options beside those presented in this guide that you can offer to your employees, but at the end of day, it is very important that your company’s goals meet the employee’s need.
While employee absence can have huge impacts on a business, and despite an employer’s best efforts at minimizing the time employees spend away from work, life happens, and it is inevitable that employees will find themselves in circumstances that require them to take some time off work.
Knowing the situations when you are required to grant your employees a leave of absence not only helps to keep your employees loyal, happy and productive, it can also keep you from finding yourself and your company facing costly legal suits for not complying with regulations pertaining to employee leave of absence.
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