The Center for Economics and Business Research did some research and found 69.9% of people that don’t have jobs or that are inactive in the workforce are interested in working if work was more flexible.
Define flexible. That’s what most employers ask immediately. In this case technology says in certain lines of work people can work from about anywhere. And anywhere is usually defined as home.
One thing the study found is that remote technology is helpful to new employees and to employees that are recovering from illness or surgery. And then there’s company productivity.
Remote workers can fill vacant positions and having vacant positions — as you know — can slow down the productivity. So if an employer wants to explore letting people work remotely, it heightens their profile in recruitment of labor.
It also helps with retention. Workers like working remotely.
The study also says remote working is really good for the economy. These are people that are without jobs or are inactive because of a need to care for children or elderly relatives like their parents. They can also be people who are retired but want to stay active for at least a few hours a week.
If they these people are allowed flexible employment it could add as much as $2.08 trillion in economic gains and might boost the Gross Domestic Product (GDP) by 10.2%.
That’s the adding of workers. Then there are people that are already working for a company that want to work remotely.
A huge percentage — 95% — of workers say they’d like to work from home a couple of days per week. It’s a survey so the numbers are put in scientific mode. Two days a week is — statistically — 2.4 days. The reasons listed by employees for working from home boils down to time saving. Remote working would cut 5.8 billion hours of commuting time for the nation’s workforce and cut $44.4 billion in commuting costs every year.
Plus, 93% of workers said the virtual-remote work structure lets them organize their time and tasks more efficiently. And when it comes to commuting, 68% of those working part-time for a company say they’d be a lot more productive if they didn’t have to commute to work.
Another part of the appeal of remote working is a better work-life balance. The reduction of commuting time alone will result in 11.9 billion hours that can be used for other things like family time, personal time or leisure time or all three.
The study also points out that remote working leads to more productivity, more motivation and improved job satisfaction. The result for the employer is a more loyal workforce that is much happier with the job and it results in employees that want to stay with the company.
Here are more benefits:
• Less absenteeism
• Less need to replace employees
• Less need to recruit new employees
• More candidates to choose from if remote work is an option
• Digital off site work offsets owner expense
• Less need for office and desk space
• Lower printing costs
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