5 Reasons Working From Home is Better For Your Business

The number of companies offering telecommuting options is likely to increase over the next decade. And there’s a good reason for this -it works! In the United States, 43 percent of workers claim they work from home at least some of the time, and many companies already operate with 100percent remote teams. And most studies show these benefits both the employer and employees.

Here are five top reasons working from home is better for your business.

5. Your Business will attract top talent from a wider pool Employees can live anywhere across the US and in other countries, so your business has a wider talent pool to fish from. You can hire the best candidates wherever they are. Some don’t even have homes, traveling as they work, in RV’s, or staying in Airbnb’s. It doesn’t matter where or how they live, as long as they have a computer, access to wifi, and the skills and qualifications you’re looking for.

4. Your business will save money Renting a commercial building is expensive, especially in large metropolitan areas. Companies can save thousands of dollars in office costs by cutting out or limiting overhead and going remote. Add in extras like snacks, equipment and cleaning services, and the savings increase. Even if you do have an office, you don’t need as much space and can opt for a smaller building.

3. A happier workforceRemote jobs offer flexibility and freedom, which are important factors for today’s job seekers, especially millennials. Workers enjoy autonomy over how they do their work. At home, they can make their own schedule; play music in the background, and snag the corner office. It also offers a better work-life balance –which is especially beneficial for families. Less stress and more freedom for employees means less turnover and sick days for employers.

2. Employees will be more productive A Stanford study shows home-based workers are 13 percent more productive than their office counterparts. People value the flexibility and benefits of working at home and are therefore motivated to go the extra mile. They can work at their house or any setting they choose, be it a coffee shop or even by the pool, as long as they have wifi access. And they avoid the frustration, stress, and costs of a long commute, saving valuable time. Remote workers can start the workday hassle free. With more time, fewer costs, and a relaxing work setting-who wouldn’t be willing to work harder?

1. This is the Business wave of the futureSome business leaders predict that 90 percent of companies will function this way in the next decade or two. With increasing living costs, the ability to choose where they live (and can afford) is a huge draw for workers.

They can pursue the job of their dreams without uprooting families or drastically changing their lifestyle. Advances in technology have made working from home advantageous all around. With so many digital tools available, connecting and communicating is easy and accessible at any time. Remote work may have been difficult 20 years ago, but now it’s fast becoming the norm.