Opinion

Why to consider Home Working in 2018

This article provided by Arise

As we prepare for the run in to Christmas, I’ve been analysed available research over the past year which shows why you may want to consider Home Working in 2018.

 

1. Remote working increases worker productivity and flexibility

It’s hard to dispute: companies and at-home workers alike say home working drives productivity whilst enabling companies to meet very flexible work demands. Distractions like water cooler gossip, impromptu meetings, and loud colleagues are a non-issue, according to data from ‘SurePayroll’, Eighty-six percent of those surveyed said they preferred to work alone to “hit maximum productivity.” What’s more, two-thirds of managers say employees who work remotely increase their overall productivity.

2. It drives employee efficiency. Arise achieves 90+ operational efficiency.

Fewer distractions create higher efficiency. It’s not just Arise. The numbers: Surveys suggest that Home Working allowed workers to accomplish more in less time.  Companies such as the AA, LV, Enterprise, Carnival and Aviva all reported efficiency gains.

3. It lowers stress and boosts morale.

Stats about remote work show that 82% of home workers report lower stress levels according to one study, and that’s a good thing not only for remote workers, but for the companies that employ them. A study by PGI, a leading provider of software services, found that 80 percent of workers reported higher morale when working from home, while 69 percent reported lower absenteeism.

4. It reduces employee turnover.

Offering home working reduces staff turnover, rates fell by over 50 percent,” according to a study published by Stanford University. The report, based on stats about remote work from a China-based firm listed on NASDAQ with 16,000 employees, described the WFH, or work-from-home, arrangement as “highly profitable” for the company.

5. It decreases real estate costs and overhead.

Companies of all sizes report significant decreases in operating costs. Two examples from big companies, according to a Forbes magazine report: Aetna (where some 14,500 of 35,000 employees don’t have an “in-office” desk) shed 2.7 million square feet of office space, saving $78 million. American Express reported annual savings of $10 million to $15 million thanks to its remote work options.

6. It often leads to greater employee engagement.

It might seem counterintuitive, but remote workers are often more engaged with colleagues and supervisors than in-office workers, Harvard Business Review concluded. The plethora of technological tools to help workers stay connected makes the difference—in fact, a separate study found that 87% of remote workers feel more engaged though the use of video conferencing.

7. It positively impacts the environment.

For many employers, going green is the incentive. In fact, studies show that employers who have embraced telecommuting have helped reduce their carbon footprint. In 2016, annual fuel consumption in the US is estimated to have decreased by 680 million gallons, about 0.5 percent of the nation’s gas consumption, one study found.

8. It meets demands of young, old and disabled workers.

A robust 68 percent of job seekers who are millennials said an option to work remotely would greatly increase their interest in employers. 20% of Arise’s agents are disabled to some degree. Arise’s average age of Agent is 35 to 45. Many of these workers are just not available to brick and mortar based employers.

9. It’s the future of work. 

Just a few short years ago, working from home may have seemed out of reach across some industries. Today, not so much. In 2016, 23% of employees reported doing some work from home, a 19 percent increase on last year, Bureau of Labor Statistics data shows. A New York Times report also noted that home working continues to grow rapidly.

10. It’s a global phenomenon.

Worldwide, more than 50 percent of people who home work part-time said they wanted to increase their remote hours. Additionally, 79 percent of knowledge workers in a global survey by PGI said they work from home, and 60 percent of remote workers in the survey said that if they could, they would leave their current job for a full time, home based position at the same pay rate.

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