In recent months, a multitude of businesses deployed a remote workforce in record numbers. But what does this mean for the future of how these organizations will do business? Let’s take a look at some of the reasons remote work is poised for growth.
Remote Work Is What Employees Want
One of the reasons remote work trends are expected to continue is that employees are expressing an interest in continuing to work for companies that offer it as an option. According to a recent survey published by FlexJobs, 65% of workers would prefer to work remotely full-time post-pandemic, and an additional 33% would like a combination of remote and in-office work. Further, a staggering 58% said that they would look for a new job instead of returning to an office full-time.
Working From Home Saves Money for Employees
While there are multiple reasons employees would prefer to work from home (WFH), the main benefits include avoiding the commute to an office and reduced expenses. The FlexJobs survey also found that more than 1/3 of people surveyed said that they saved at least $5,000 a year by working from home.
Companies That Convert to Remote Environments See an ROI
One of the benefits for businesses adopting a remote or hybrid work environment is that they can see a return on investment (ROI) between what they invest in work from home solutions and turnover losses. A recent study published by Fortune found that for every $1 spent on the work redesign program, the company yielded about $1.68 in savings.
Remote Work Lowers the Environmental Footprint
One of the benefits of WFH is that it alleviates the commute for employees, which is also good for the environment. Research shows that US employees working from home prevent the emission of approximately 3.6 million tons of greenhouse gases every year. Businesses that offer remote work options can help lower the overall environmental footprint.
Remote Work Saves Taxpayers Money
Government agencies are finding that remote work reduces their costs for in-office personnel. Effectively, this savings gets passed down to taxpayers. Experts estimate that on a federal level, even a government-wide half-time remote workforce could reduce $11 billion in costs — $1.7 billion of which would come from a reduction in real estate costs.
For these reasons and more, the business world should expect remote work to continue to grow. Remote work is proving to offer a number of benefits — including saving time and money for businesses and employees.
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