The COVID-19 pandemic has caused many employers to embrace remote work at a rapid rate but many companies and corporate leaders are looking to make the work-from-home arrangement more permanent in a post-pandemic world.
Companies that may have never recruited any virtual employees have been taking part in the giant work-from-home experiment. As the standard office-based job is starting to become a thing of the past, many employers are learning that their workers are equally or even more productive when working from home.
By studying what highly-valued employees are looking for, companies are taking advantage of their own technology to work towards making remote work easier as they’re looking to hire new workers outside of big city hubs.
The Institute for Corporate Productivity has recently found that more than half of their surveyed employers plan to expand or increase remote work arrangements on a more permanent scale after the coronavirus pandemic is contained. Only 15% of those surveyed said they did not plan to revisit remote work options following the COVID-19 outbreak.
It’s important to note that even before the crisis, Adzuna analyzed 4.5 million U.S. job postings and reported that the number of remote job openings have risen by 159% between 2005 and 2017. Now, in response to COVID-19, more employers are taking advantage of the chance to recruit from a vast talent pool without being restricted by location or distance.
The benefits of remote work extend to both employers as well as their employees. Flexible working benefits encourage a healthy work/life balance and can result in higher productivity levels as well as increased employee satisfaction. Global Workplace Analytics has reported that 80% of employees have expressed that they’d like to work from home at least some of the time, which is unsurprising when considering that remote work also helps to retain working parents, caregivers, and those that are balancing outside commitments with their working hours.
For employers, the shift to a remote workforce can provide financial benefits by lowering overhead and office costs. It’s estimated that the typical employer can save an average of $11,000 per half-time telecommuter each year. These savings are the direct result of increased productivity levels, lower real estate costs, and reduced turnover rates. By offering employees the option to work remotely, employers are able to explore more possibilities when looking to hire. Quality talent can be difficult to find in certain geographic areas but expanding the search to include remote workers outside of a limited market can help employers to find the perfect candidate.
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