Will a Remote Workforce Save Me Money?

By | | HR and Management Tips

“The pandemic left organizations with little choice but to participate in the world’s largest work-from-home experiment – and now the world of work may never be the same again.”  getAbstract National Survey

As the country continues to reopen in the coming months, millions of office workers will return to an in-person, onsite location. Or will they?

With the COVID-19 pandemic highlighting remote work, many folks are asking themselves, “Do I really want to go back to the office?” According to the survey, almost 43% of full-time employees in America want to work remotely once this crisis has passed. Citing a laundry list of benefits to working-from-home—one of the most common being no commute—it’s easy to see how this scenario comes with all kinds of perks for the employee.

But what’s in it for the employer? As a matter of fact, remote work can add up to significant savings for employers.

Let’s back up for just a minute. While remote work had been gaining popularity for years, the pandemic thrust remote scenarios into the limelight. Of course, not every industry could shift to off-site locations. But the mandates to isolate and social distance forced many employers to consider how they could implement a work-from-home strategy. Thanks to the abundance of available technology, many companies found they could indeed continue business operations.

Now, back to the cost savings involved with functioning from remote locations. According to Global Workplace Analytics, almost 6 out of 10 employers identify cost savings as a significant benefit of telecommuting, such as

  • Rent and utilities: If most of the team is working remotely, you can utilize a smaller space, saving money on rent and utilities.
  • Cleaning services: With minimal staff onsite in a smaller space, cleaning service bills are likely to decline significantly.
  • Food: Whether it is providing cafeteria service or serving refreshments during meetings, working remotely will eliminate this cost.

Other factors that impact a company’s bottom line can also benefit from remote work options.

  • Turnover

Everyone knows the cost of replacing key employees can eat into profits in a big way. Not to mention the ripple effect retention issues can have throughout the company. Study after study has shown that remote work boosts happiness, productivity, and engagement, resulting in lower turnover rates. In fact, flexible work options rank as a top factor in employee loyalty.

  • Increased productivity

The sheer joy that results from skipping the long, tiring, frustrating, stressful commute can’t help but benefit an employee’s happiness and productivity. And since happy employees are more engaged employees, and companies with highly-engaged teams show 20+% greater profitability, remote work offers a win for everyone. Factor in the fewer distractions and quieter settings enjoyed by many remote workers, and productivity gets another boost.

  • Payroll 

Wait, payroll savings, too? You may be surprised to learn that surveys continue to reveal that employees are often willing to take reasonable pay cuts in exchange for more flexible work options.  Global Workplace Analytics reports that a poll of 1,500 technology professionals revealed that 37% would take a pay cut of 10% if they could work from home.

While much has changed in the employment world, one thing that hasn’t changed is A.R. Mazzotta’s commitment to connecting the most reputable employers in Connecticut with the best talent in Connecticut. So, what are you waiting for? Let one of the top staffing agencies in Connecticut make it happen for your company. Call or text us today to connect with a real person at 860-347-1626 or apply on-line.