Over the past few decades, there has been a growing trend of allowing employees to work from home either as a supplement to or instead of, working in an office. The benefits of telecommuting are obvious from an employee standpoint, and many Americans appreciate or would appreciate that flexibility. That being said, many business owners are reluctant to allow this, fearing a lack of productivity, teamwork, and connectedness. However, here are five reasons, some business owners may want to rethink their position.
- Employee Engagement – The list of benefits to working from home is nearly endless. And most employees today understand that. Whether simply the flexibility to work from home occasionally or the ability to work from all of the time, employees can better balance work and life. This will make employees happier with their job, more productive, and less likely to leave your company. Employee engagement is something every employer looks for, and this is a very easy way to improve it.
- Office Space Savings – Operating an office can be expensive. By allowing employees to work from home part of the time, the electricity costs, equipment costs, and office supply costs will be dramatically reduced. By allowing your team to permanently work from home, you eliminate all of those costs, as well as the overhead of an office space. This can be a significant saving to either increase profitability, allow you to hire additional talent, or put the money to use somewhere else within the company.
- Find the Best Talent – Anything you can do to set your company apart is important when soliciting the best talent in your industry. The ability to work from home is a top concern for many employees, as it allows them the flexibility they desire. This can be a great recruiting tool. In addition, you can hire talent anywhere in the country, so if the best person for a job is in LA and your business is in Atlanta, you will still be able to hire that person without forcing a costly relocation.
- Maximize Employee Time – Employees who work from home are more productive and generally work more hours than those who work in an office. You eliminate their need to commute, which means that time can be spent working. There will also not be forced times to start and end a day, allowing employees to work at seemingly odd times, but times which might be convenient to the employee. And finally, because your employees are happier, they are more willing to put in the time to get the job done.
- Expand Your Territory – By allowing employees to telecommute, you allow yourself to hire the best talent anywhere in the country. For a small start-up, this can help create a brand in an otherwise unreachable market. You can have a presence in every major city by simply hiring employees there, creating a sense that your business is much larger than it is.
So if it’s at all feasible in your industry, it might be time to consider letting your employees work from home. The cost savings alone should make it worth it, however, the other benefits can help take your business to the next level, whatever that is.