If you still haven’t considered hiring remote talent, the turbulent events of last year might have pushed you in that direction. Instead of feeling peer pressure and struggling with the complexity of remote hires, take a look at the top five reasons why this would greatly benefit your business. If you do decide to use a global talent pool to improve your business you can read all about the different ways to manage them.
1. Remote work broadens your talent pool, thus increasing the overall performance
Offering flexibility is not a perk, it’s a norm. Today’s market is highly competitive and companies have to do their best to attract the right people, offering them a wide range of benefits and perks. But why shouldn’t the companies take full advantage of the situation on the market as well? In this case, that means being flexible when recruiting and tapping into the global talent pool, in order to attract the very best candidates. Remote work allows you to do just that. Your recruitment and selection don’t have to be limited by your local realities, lack of resources, or faulty educational policies. If you are looking for a marketing expert, you can and should look everywhere.
If you choose to broaden the candidate pool you will be able to pick the top performers, attract them and allow them to use their expertise and knowledge to help the company reach its goals - revenue or otherwise. Subsequently, over-achievers tend to increase the productivity levels of all those who work around them. A quality hire can have a significant, long-lasting impact on the entire company.
2. Remote work improves a coveted benefit—the work-life balance
Is it even possible to discuss important job conditions without mentioning the work-life balance? Hardly. The busier the world gets, the more it matters to be able to slow down. As the market changes, employees are becoming more involved with the companies, more attached to its goals, more and more integrated into every aspect of a company’s life. However, that also means that their own life is suffering. Thus, the coveted work-life balance appears.
It turns out that remote work is much better at maintaining this balance. Just the idea of working where you live should imply that the lines are blurry. Actually, the ones who are forced to mix business and pleasure are that much better at separating the two, taking the time for themselves, and respecting office hours. It helps that they don’t spend their time, and energy, commuting every day, so they start their work hours more relaxed and in most cases, better rested.
3. Remote work positively impacts the productivity
Remote work now means walking a fine line between a luxury benefit and a mandatory condition. While we wait to see which side prevails, we can analyze the ones that are currently working remotely. It turns out that most of them get a lot more done. There are fewer distractions (no office chitchat in the break room), you are hardly ever late to work due to a traffic incident, and most importantly - you are kind of your own boss.
Now isn’t that the dream? Remote work allows employees to feel more autonomous, allowing them to be responsible for time management, organization, and schedule. They learn to be self-motivated and, slowly, increase their productivity by implementing tried and tested strategies for remote work.
4. Hiring remote talent improves the company’s reputation
Did you know that remote work positively impacts the environment? Any CSR initiative is doing wonders for your company’s reputation, and this is one of the biggest ones you can implement. Choosing to align your company’s practice with the global ecological trends will surely help, but that is not the only reason.
In addition to this, employees keep listing this perk as something they simply can’t work without. They want flexibility, more time with their families, the sense that their employer cares about their priorities, and the ability to work in their PJs. If it matters to employees, it should matter to employers. And remote work definitely does.
Another thing to consider is that a company that chooses to hire talents from all over will end up with a pretty diverse employee body. Not only will that, as we mentioned, increase performance, it will also embody the company’s diversity and inclusion values, which are currently quite significant when it comes to reputation. It’s up to the company to advertise as such and enjoy the most diverse perspectives, experience, and knowledge, all being put to good use - to help further the company’s goals.
5. Remote work is cost-effective
Lastly, remote work saves money. It doesn’t matter what type of business you are running, and where from, it will always matter how much something costs. If you can implement a strategy that is beneficial for the company and also decreases costs, then you shouldn’t waste any time.
It will make a significant difference in your budget when you are no longer spending any of the financial resources on office spaces, utilities, uniforms, security, cleaning services, furniture, refreshments… the list goes on and on. If you direct those savings into purchasing the best equipment, software and training for your remote workers, allowing them to have all the resources they need, your decision to work with talents across the globe will quickly have a significant ROI. Simply put, remote talents save more than they cost, and that is not a benefit you should easily dismiss.