Facing such a radical change we can’t help but wonder how are employees and managers performing? How do employees feel about telecommuting? How do managers feel? Is remote work here to stay?
We’ve read and compiled different working reports and surveys to bring you accurate working from home stats and answer the questions listed above so you can evaluate the advantages of telecommuting.
A survey made by BlueJeans revealed that remote employees work an average of 3.13 to 4.64 extra hours a day. This could be good for companies but not so good for employees, it is important for managers to be aware of their employees wellbeing.
Stanford economist, Nicholas Bloom, has been investigating and surveying different firms to get info about whether or not the future of work is remote, he found out that “the share of working days spent at home is expected to increase fourfold from pre-COVID levels, from 5 percent to 20 percent.” He also stated that “Of the dozens of firms I have talked to, the typical plan is that employees will work from home one to three days a week, and come into the office the rest of the time.”
Major companies are viewing the benefits of telecommuting and making it official as their new way of work. Google announced that their employees will continue to work from home at least until summer 2021. Twitter also decided to let their employees work remotely full time, and said that they don’t have to go back to the office unless they want to.
As companies seem to be more accepting of telecommuting and/or a hybrid model of working, we are able to see benefits for both employees and employers. According to Flexjobs, telecommuters can save up to $4,000 every year or even more. Here’s why:
As for companies, some might think that remotely managing their employees might be difficult enough to see the benefits of having your employees working from home (check out our “Check-in with your employees: A Remote Management Guide” article if you’re struggling to remotely manage your team), but corporations are also saving a lot of money.
According to Global Workplace Analytics 6 out of 10 employers identify cost savings as one of the major benefits of telecommuting, such as:
Besides monetary benefits, there are other benefits companies get when having their employees telecommuting, like employee retention, reduced absenteeism and increased productivity; all of which could also be cost saving in the long term.
In the end, every business has different needs, it’s up to you to determine which work model works best for you; but something we know for sure is that Covid-19 has brought the advantages of teleworking into a bigger spotlight and that remote work is definitely here to stay. If you'd like to know how to successfully transition towards a hybrid office, check out our "Remote Work or Working in an Office? How to Establish a Hybrid Model" Article.
Even though there are positions in industries that cannot be performed remotely, those companies who can must highly consider the possibility of a hybrid model if they want to stay competitive and retain high performance employees. Get ahead in the game and try Hirebook for Free! We provide managers the right tools to keep their team engaged and productive, from remote Check-Ins, to scheduled One-on-Ones, to streamlining OKRs for maximum performance!
Photo credit - tirachardz
BY Laura Iñiguez
BY Laura Iñiguez
BY Laura Iñiguez
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