Gone are the days when employees have to be chained to their desks in order to get their jobs done. In today’s increasingly online world, more and more businesses are giving their employees the freedom to work from home. Thanks to a wide variety of software and hardware that makes it easy for employees to access and share information from anywhere, allowing employees the opportunity for telework might make sense. If you’ve been questioning whether you should allow remote work, here are just a few reasons why you may want to consider it.
Employees appreciate being given flexibility to organize their lives in ways that work for them, and by giving them the freedom to work remotely, you could see big benefits in your employee retention rates. In fact, 36% of workers would choose the ability to work from home over a pay raise! Millennials are particularly enticed by the possibility to work from home and as they begin to make up a larger percentage of the workforce, it’s important for businesses to ensure that they’re remaining competitive by meeting their needs.
Given that losing an employee can cost a business between $10,000-$30,000, it’s important to focus on minimizing turnover, and allowing employees to work from home is a great place to start. According to a study done by the organization Global Workplace Analytics, 46% of companies said that allowing remote work has reduced their attrition rate and 95% of employers said that allowing telework has had a significant impact on employee retention.
A large percentage of employees call out not due to sickness, but rather because of issues in their personal lives such as a doctor’s appointment, family issue, or stress. By giving them the freedom to work from home, your employees won’t need to miss an entire day of work due to an appointment and are less likely to call out of work for unnecessary reasons. In addition, employees who are actually sick are less likely to infect their coworkers by coming into the office for fear of missing out on a day’s pay.
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