Remote work life has become the ‘new normal’ for most of us. Staff Accounting, Bookkeeper, Accounting Clerk and Coordinator are some of the fastest growing Finance & Accounting job categories in the work from home landscape. Cloud-based technologies and collaborative platforms have enabled smooth remote work transition for companies and have allowed employees to experience the power of utilizing data in the cloud.
Here are some benefits of hiring remote workers:
1. Reduces Business Costs
Hiring remote workers can result in significant business savings -office expenses, including infrastructure, utilities and supplies. Additionally, not all employees that work around the 9-5 clock are productive, resulting in more time wasted. With remote workers, hours billed = hours worked.
2. Increases Productivity
When companies offer the flexibility of remote work, employee satisfaction and productivity increases. 77% of remote employees say they are more productive when working from home (HubSpot, 2020). Employee monitoring software such as Teramind, VeriClock, ActivTrak, TimeDoctor are valuable productivity tracking tools that can help employers validate hours billed to hours worked.
3. Access To Deeper Talent Pool
Unrestricted by geography, hiring remote workers expands your talent pool and increases your chances of acquiring top talent. Your company now has the flexibility to staff based on business priorities and can hire specialized workforce for specific remote projects. Since 2015, the number of employees working remotely has grown by 44 percent (Wong, 2020).
4. Reduced Employee Turnover
Companies that hire remote workers also benefit from reduced employee turnover. 90% of employees claim that flexible work arrangements and schedules have increased their morale (Flexjobs, 2020). Employees enjoy the boost to their work-life balance that comes from a remote position and tend to stay at their jobs for a longer period of time.
The world might never be the same again as this remote working mandate takes over our traditional 9-5 regime. Remote work benefits employees and does wonders for businesses as well. At PTC we connect you with F&A, Administrative and Human Resources professionals who can work remotely.