The Remote Working Revolution: Why More Businesses are Going Fully Remote?
It is true that when a calamity befalls you, you learn how to cope. In this pandemic, most businesses were forced to make the hard decision of letting their employees work from home by providing them with all the equipment they need to perform their job. But after everyone settled in, it became quite apparent to the employers that the workforce can be productive and focused even in remote work. Many even found it more fruitful.
Fin-ex Outsourcing is one of the top companies in Pakistan that give Global businesses the perk of receiving greater productive outcomes remotely. To outsource your accounting department is one of a firm’s best decisions. As you get a team of experts for half the price you pay a full-time employee. Let’s take a detailed look at how house vs remote jobs can help both employers and employees.
Benefits of remote working
Many employers will be concerned about letting an employee hybrid work, thinking it will result in lower productivity. However, the opposite is true. According to 2017 research by Cardiff University, 39% of people who mostly work from home often work additional hours to complete their tasks compared with 24% of those in fixed workplaces. The average one-way commuting time in the U.S. is 27.1 minutes—that’s nearly an hour each day spent getting to and from work, and it adds up. According to the Auto Insurance Center, commuters spend about 100 hours commuting and 41 hours stuck in traffic each year. This hindrance results in a lower productive outcome.
Remote working helps businesses to accept a diverse and inclusive environment. The companies can hire employees with diverse backgrounds, cultures, and religions. These sort of ways increases creativity and improves employee engagement. This diversity also helps in bringing a variety of skills and talents along. You can hire a team of experts without getting restricted by distance.
Benefits of remote working involve that the employer can cut down the overhead costs, real estate costs, transit subsidies, and continuity of operations and save money. During this Global pandemic, U.S and U.K employers are saving over $30 billion per day by allowing employees to work from home. This major economic benefit of remote work could be permanent if companies make it a long-term solution. According to Global Workplace Analytics, a typical company can save around $11,000 per year for every employee who works from home at least some of the time. So, this shows how cost-effective remote working can get for the employer but the same is true for the employees. They can save from transport, parking fees, professional wardrobes, lunches bought out, and more can be eliminated from their spending expenditures.
4.Save Environment, for a better future
Global Workforce Analytics estimates that remote workers could reduce greenhouse gas emissions by 54 million tons every year, and that’s just if people worked out of the office for only half of the workweek. This occurs due to a reduction in private and public transport usage at large.
A whopping 7.8 billion vehicle miles are not travelled each year for those who work at least part-time from home, 3 million tons of greenhouse gases (GHG) are avoided, and oil savings reach $980 million. So the benefits of remote working are not just restricted to being cost-effective but they have a global impact too.
5.Connectivity, Flexibility, and a happier life
Today in this fast era of technology, we all are connected through the internet with our multiple devices, may it be cloud computing, laptops, smartphones, or wearable technology.
Remote working benefits by connecting employees globally, separated by different time zones to connect in real-time. Employees can work from any place they find convenient and can fulfil their tasks even when not healthy from home, which means low absenteeism for the company. A report revealed that 72% of employers say remote work has a high impact on employee retention.
Employers can even reduce staff as the employees at home get more productive. They maintain a good balance between family and business life. Which in turnover makes them happy and satisfied, resulting in good output. So the target of the company can be achieved by a few.
Outsource for business growth
This Global Pandemic may have forced remote work to be implemented. But now after tasting the benefits of remote work, it is being normalized among the masses. By 2025, it is estimated that 70% of the workforce will work remotely at least five days a month.
After these blissful revelations of remote working, Fin-ex Outsourcing is here to provide you with the best accounting outsourcing experience. Having a team of highly experienced accounting professionals at your avail. We have a history of working across the globe. To provide them with accounting and financial services according to their requirements. We are one of the top outsourcing companies in Pakistan. So we take our duties seriously and provide all the benefits of remote working.