{"id":9188,"date":"2020-08-03T06:12:48","date_gmt":"2020-08-03T06:12:48","guid":{"rendered":"https:\/\/www.experfy.com\/blog\/?p=9188"},"modified":"2023-11-24T09:27:48","modified_gmt":"2023-11-24T09:27:48","slug":"5-proven-benefits-of-remote-work-for-companies","status":"publish","type":"post","link":"https:\/\/www.experfy.com\/blog\/future-of-work\/5-proven-benefits-of-remote-work-for-companies\/","title":{"rendered":"5 Proven Benefits Of Remote Work For Companies"},"content":{"rendered":"\t\t
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From\u00a0pandemic prevention<\/a>\u00a0to\u00a0hyperurbanization relief<\/a>\u00a0to\u00a0event preparation<\/a>, the news seems to be buzzing with tones of remote work lately. So, it\u2019s no surprise to see the World Economic Forum pointing to\u00a0workplace flexibility<\/a>\u00a0as a critical topic in the future of work. But is this trend economically justified, or is it just our evolving workforce craving modern convenience?\u00a0<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The key to differentiating between a workplace fad and an economic strategy lies in the hands of the businesses. If corporate leaders throughout the world believe remote working is beneficial to the sustainability of their brand, then they\u2019ll invest in the development of it as a resource. In other words, if there is value in telecommuting for organizations, there is\u00a0value for the world<\/a>.\u00a0\u00a0<\/p>\n\n\n\n

But whether or not remote work is truly beneficial for organizations continues to remain in debate while managers\u00a0hesitate to approve<\/a>\u00a0flexibility requests and infamous\u00a0policy retractions<\/a>\u00a0also generate international attention. This leaves economists and business leaders wearily wondering: Is there any evidence that can inform a final decision, once and for all, on whether or not remote work will benefit a company?<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Well, yes. The topic of remote work is producing a lot of attention \u2014 and research. There are many reports that tout the benefits of remote work from organizations like\u00a0OwlLabs\u00a0<\/a>and\u00a0Buffer<\/a>, but privately-sourced data is in danger of biased results. So, to ensure that the information for this article was pure and credible, a collection of statistics was sourced from the world\u2019s leading research institutions studying the topic of telework, including\u00a0Gallup<\/a>,\u00a0Harvard University<\/a>,\u00a0Global Workplace Analytics<\/a>, and\u00a0Stanford University<\/a>.\u00a0<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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So, what were the results? Does the remote work revolution have a case for change? The world\u2019s top researchers say\u00a0yes<\/strong>, by proving that workplace flexibility will boost your bottom line in these five categories:\u00a0<\/p>\n\n\n\n

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  1. Productivity<\/strong>\u00a0\u2014 Teleworkers are an average of 35-40% more productive than their office counterparts, and have measured an output increase of at least 4.4%.<\/li>\n
  2. Performance<\/strong>\u00a0\u2014 With stronger autonomy via location independence, workers produce results with 40% fewer quality defects.<\/li>\n
  3. Engagement\u00a0<\/strong>\u2014 Higher productivity and performance combine to create stronger engagement, or in other words, 41% lower absenteeism.\u00a0<\/li>\n
  4. Retention\u00a0<\/strong>\u2014 54% of employees say they would change jobs for one that offered them more flexibility, which results in an average of 12% turnover reduction after a remote work agreement is offered.\u00a0<\/li>\n
  5. Profitability\u00a0<\/strong>\u2014 Organizations save an average of $11,000 per year per part-time telecommuter, or 21% higher profitability.<\/li>\n<\/ol>\n\n\n\n

    Based on this statistical analysis, remote work is not going anywhere any time soon. Even further, companies would be wise to prioritize the \u201cremote work revolution<\/a>\u201d as a strategy to enhance their top objectives in this new decade.\u00a0<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

    Is there any evidence that can inform a final decision, once and for all, on whether or not remote work will benefit a company? The world\u2019s top researchers say yes, by proving that workplace flexibility will boost your bottom line in five categories.<\/p>\n","protected":false},"author":813,"featured_media":22200,"comment_status":"open","ping_status":"open","sticky":false,"template":"single-post-2.php","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[182],"tags":[495,230],"ppma_author":[3654],"class_list":["post-9188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-future-of-work","tag-benefits","tag-remote-work"],"authors":[{"term_id":3654,"user_id":813,"is_guest":0,"slug":"laurel-farrer","display_name":"Laurel Farrer","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/13e97f8f71df940497a20f15573f43f457e48e7523e51d9462ec2bb3aab9bba1?s=96&d=mm&r=g","user_url":"http:\/\/distributeconsulting.com","last_name":"Farrer","first_name":"Laurel","job_title":"","description":"Laurel Farrer is CEO anf Founder at Distribute Consulting that collaborates with the world's top remote-friendly companies to strengthen virtual communication, streamline digital processes, and develop long-distance management strategies. She also writes about remote work for several online publications and education platforms and advises US governments, business conferences, and industry associations on how to share remote work resources with their audiences to stimulate economic growth."}],"_links":{"self":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/9188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/users\/813"}],"replies":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/comments?post=9188"}],"version-history":[{"count":6,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/9188\/revisions"}],"predecessor-version":[{"id":34314,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/9188\/revisions\/34314"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media\/22200"}],"wp:attachment":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media?parent=9188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/categories?post=9188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/tags?post=9188"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/ppma_author?post=9188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}