The definition of “Remote work”
Known as the ability to work from anywhere, anytime, remote work was a full-on global work movement even before the coronavirus pandemic forced many to work from their homes.
According to an estimate in Forbes, in 2018, 50 percent of the U.S. workforce was projected to be remote; across the pond, Europe’s remote workers have grown from 7.7 percent to 9.8 percent in the past decade. In fact, many of today’s top companies offer full, half, or partial remote work. Working remotely doesn’t always mean “from home,” either; it can apply anytime an employee works off-site—whether that’s at a coffee shop or a flexible workspace.
Ultimately, working remotely allows for increased flexibility and autonomy for employees. According to Inc., nine out of 10 workers who currently work remotely plan to do so for the rest of their careers. In response to the modern working style, technology such as videoconferencing software, collaboration platforms, and cloud services keep people connected and allow them to have meetings and complete projects from anywhere, anytime. But it’s not just employees who benefit: Employers are starting to view remote work as an important part of hiring and retaining top talent, staying competitive in their field, and even saving on business costs.
Let take a look at Top 5 Benefits Of Remote Work:
- Productivity — Teleworkers are an average of 35-40% more productive than their office counterparts, and have measured an output increase of at least 4.4%.
- Performance — With stronger autonomy via location independence, workers produce results with 40% fewer quality defects.
- Engagement — Higher productivity and performance combine to create stronger engagement, or in other words, 41% lower absenteeism.
- Retention — 54% of employees say they would change jobs for one that offered them more flexibility, which results in an average of 12% turnover reduction after a remote work agreement is offered.
- Profitability — Organizations save an average of $11,000 per year per part-time telecommuter, or 21% higher profitability.