- US workers who spent some of their work days at home has now reached 24.1%
- Employee productivity increases more than 10%
- An average savings of $2,000 per employee with a 50% reduction in job turnover.
Whether you love going into the office every day or not, the option to stay home some days provides great benefit and a more balanced lifestyle. Flexible work schedules have been found to improve employee happiness and output. The amount of remote workers has skyrocketed across industries worldwide as internet connectivity and communication technologies have opened so many doors.
Flexible work schedules are projected to continue to increase in popularity as more millennials gain workplace experience and the next generation continues to enter the workforce. The need for teams to be within shouting distance of one another has vanished and most companies can succeed without compromising work-life balance. Your day is valuable and its best tailored individually for optimum performance that leads to reduced expenses for employers
A flexible schedule allowed members of staff to honor both job and family obligations.
Remote work is on the rise
The number of US workers who spent some of their work days at home grew from 19.6 to 24.1% between 2003 & 2015. Sweden had a virtual workforce making up 5.9% in 1999, one year after the founding of Google. That number has since more than tripled to 1 in 5 Swedes. This mirrors the typical European average of around 20%.
The United Kingdoms Office for National Statistics officially states 13.9% of the workforce (more than 4 million people) spends majority of their days at home. This trend is not expected to slow down either. Research from the Trades Union Congress suggests a potential 20% increase.
How flexible workplace schedules impact performance
A 2017 article published in the New Technology, Work and Employment journal assessed the growth and consequences of remote work and found it to be overwhelmingly positive and beneficial in regards to both productivity and work place satisfaction for both employees and employers. Operating remotely reduced the strain of working under stressful time constraints by offering the opportunity for the employee to schedule their tasks to suit personal circumstances.
A study of 994 random call center operators found that remote workers “significantly outperformed their office-bound counterparts.” The group answered more calls per minute and spent more time logged into the company system yet also had higher levels of job satisfaction and lower staff attrition.
This particular case found the teleworkers had lower chances of being promoted, although this could possibly be reversed if communication was better enhanced between both parties. With the sad death of Google Hangouts, Slack and Microsoft Teams are newer examples of great tools for exchanging ideas during collaborations over a stable internet connection.
Happy employees are the best employees
Despite the difficulties of creating workplace relationships, most workers enjoy receiving greater spatial and temporal flexibility. Surprisingly, labour intensity and hours worked tended to rise along with enthusiasm and commitment. This signifies a boost in morale that leads to increased productivity and happier staff.
An often overlooked benefit of happy employees is the free word of mouth marketing campaign they give a company through their after hour praises, boosting brand image. These kind of positive comments stand out like a sore thumb in a world where work related complaints too often dominate conversations.
An in depth 2015 doctoral study by Walden University researching flexible work schedules and virtual work programs found more committed, satisfied and stress free employees who were healthier, happier and providing more effort than conventional on site workers.
The undoubted driver in job satisfaction and increased output was giving employees opportunity for a healthier work-life balance. A flexible work schedule allowed members of staff to honor both job and family obligations.
The best way to retain talented employees is to give them freedom
Talent retention is another major benefit of remote work employees, and seven out of ten people that work from home agreed that they would not leave their job for an increase in pay.
Stanford University researches studied 255 employees of Chinas largest travel agency Ctrip. They ultimately concluded cost savings to be the area most positively impacted by telework. Productivity went up to the tune of 13% alongside a $2,000 savings per laborer and a 50% reduction in job turnover.
Cutting employee turnover in half leads to a stronger more accumulated business knowledge within the company on top of minimizing time and money wasted on training new workers who won’t even be sticking around.
If you’re looking to hire (or be hired), companies providing a platform for virtual contract and remote workers have made it easier for skilled employees to find meaningful work online that includes enjoying a better balanced lifestyle. Employers receive the best bang for their buck, saving costs and getting the most out of their employees… everyone is happy!
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