A summary of why remote working is a recipe for success
Since the Covid pandemic and the ‘lockdown’, remote work has evolved from a ‘health and safety’ option to a popular and transformative option that continues to reshape the traditional workspace. In this short blog we have pulled together some stats highlighting the success of remote work. We believe these stats provide a compelling case for companies to embrace the remote working structure if they haven’t already.
Productivity on the Rise
Studies consistently show that remote workers are more productive than their in-office counterparts. According to a report by Prodoscore, a workforce productivity analytics company, remote employees worked an average of 48 minutes more per day compared to pre-pandemic levels. This increase in work hours directly correlates with heightened productivity levels.
Related: Prodoscore, NY Times, Forbes
Employee Satisfaction
Happy employees are productive employees. Remote work has proven to boost job satisfaction, contributing to increased productivity. A Buffer survey found that 98% of respondents would like to continue remote work, at least part-time, for the rest of their careers. This enthusiasm translates into a motivated workforce, eager to contribute their best efforts.
Related: Buffer; State of Remote Work, Parliament.uk; The Impact of Remote Working…, RSPH; Mental and Physical Health Impacts of Remote Working
Cost Savings for Companies
Companies adopting remote work models often experience substantial cost savings. Reduced overhead costs, including office space, utilities, and maintenance expenses, contribute to a more streamlined budget. Global Workplace Analytics estimates that a typical employer can save around £78,000 per year for each remote worker.
Related: Google Analytics; The Cost of Remote Working, Business.com; How Remote Work Saves Money, Office RND; Do Companies Save Money with Remote Staff
Attracting Top Talent
A survey by Owl Labs discovered that 77% of employees are more likely to accept a job offer if it includes the option to work remotely. By embracing remote work, companies can access a broader pool of skilled professionals, fostering innovation and diversity within their teams.
Related: Owl; State of Remote Work, Open Growth, This is Why Remote Work Attracts Top Talent, Forbes, Embrace Hybrid/Remote or Lose Top Talent
Environmental Impact
Remote work is not just advantageous for companies and employees; it also has a positive impact on the environment. Fewer commuters mean decreased carbon emissions. It has been estimated that the reduction in commuting during the pandemic saved approximately 60 million tons of CO2 emissions globally.
Related: The Green Journal, Forbes, Stanford University
In conclusion, there is a large number of research and stats that support the success of remote work in enhancing productivity, employee satisfaction, and overall business efficiency. As we navigate the changing landscape of work, embracing remote model is a strategic move towards a more flexible, productive, and sustainable future for businesses.