Companies that Hire Remote Workers: Future of Employment
You’ve heard it everywhere – remote work is the future. Left and right you’ll hear remote work advocates preaching the gospel about the benefits of working remotely. But what are really the reasons why remote work is so appealing?
Today, we’ll go over some of them and explain why remote working companies are the future.
They Get to Source Better Talent
Let’s take a hypothetical situation. There are two companies operating out of a city with 500.000 people. Both are looking to find a Java developer for their office and an upcoming project.
Company A is looking for an in-office developer, preferably one who lives in the city. Company B is hiring remotely and doesn’t care where the developer is from, as long as they can do a great job.
Who do you think is more likely to find an excellent worker?
It’s company B, because they’re not limiting themselves to only those people living within driving range from the company headquarters. They can find the best available talent in the job market, from all countries and continents.
They Get to Source More Talent
Just a couple of years ago, working remotely has been a distant dream for many. It was extremely rare to find a person working from home or anywhere but their office. Nowadays, it’s much more common, with 43% of Americans working remotely in some shape or form.
As the general public becomes more aware of remote work, these positions are increasing in popularity and the modern workforce is demanding remote as a way to get work done. Millennials specifically are interested in jobs that allow them to work remotely and companies that support remote work can expect not only better-quality candidates, but also more candidates in general.
Moreover, the employees you hire will stay longer in the company if they have the option of working remotely. According to research, 82% of millennials say that they would remain more loyal to their employer if they were given the option of remote work.
On average, remote vacancies receive more applications than office-based ones. While some of the reason could be attributed to no physical barriers for application, candidates are generally more interested in positions where they can work from home.
Their Workers are Happier
No matter the country or industry, remote workers are in general happier with their position than their colleagues in offices.
One of the reasons for this is trust. Since they have more autonomy and can handle their own workloads and schedules, remote workers feel that they have more autonomy to do their jobs.
The second and more important reason is that without the commute, their work/life balance is much better and there’s more free time for themselves.
Their Workers are More Productive
When working from an office, most employees have far from 8 hours of productive time. There’s lots of time wasted in meetings, chatting to coworkers, responding to emails, picking up the phone, taking unnecessarily long lunch breaks etc. The very reason why managers fear remote working is the lack of control over employees’ productivity.
As it turns out, that fear is very much unfounded. Many studies across the globe found that remote workers are not only happier than those working in an office, they’re also far more productive. Since they can work on their own terms, without interruptions or unnecessary meetings. In that way, the company can save money twofold, by not paying any office-related costs, as well as cash in from the increased productivity of their workers.
They Get to Increase Diversity
In developed countries, one of the biggest issues that modern companies have is diversity. To meet legal requirements and have a better and more inclusive workplace, it’s required to hire a certain percentage of women, minorities, people of color, people with disabilities etc.
Normally, if you set out to create a more diverse workplace, you’ll be very much limited. No matter how big the city where you live, finding someone that fits all the requirements is not very likely. With remote working, you don’t even have to try hard to build a diverse team – it will come naturally.
As remote companies set out to find talent from all parts of the globe, they’ll be able to find developers from China, designers from Sweden,
They Get to Save Money
One of the biggest reasons why companies decide to go the remote route has nothing to do with increasing productivity or creating a better work/life balance for their employees. The reason is purely practical – remote companies get to save a lot of money by operating remotely instead of using an office.
Some of the costs that companies can save up on include rent, utilities (heating, air conditioning, electricity…), internet, office supplies, cleaning, and many others. In fact, if the company just switches to a part-time remote solution, they can save up to $11,000 annually per a single worker.
Some companies simply chalk up these costs and put the profits in managers’ pockets. Others increase salaries, while the third group is on the rise. Instead of saving the money, they reinvest it back into the workers by organizing retreats for their remote teams, where employees can meet in person, not just behind the screen.
Ready to Join the Future of Work?
We know that finding the right talent for a remote company can be a rather daunting task. That’s why at Anomadic, we’ve created a job board where companies like yours can find great quality candidates with very little time and effort. Sign up today to get started!