5 Ways Employers are Saving Costs with Remote Workers

The remote workforce has become a popular trend in recent years, with more and more employers opting to hire remote workers. This remote work trend is especially prevalent among millennials; according to the 2016 Deloitte Survey, 53% of millennial employees said they would prefer to be hired remotely or work from home, while 71% thought it would boost their productivity.

For employers, there are a lot of advantages as to why they should consider hiring remote workers. Let’s look at some of them:

1. Fewer Distractions

The first remote work benefit for employers is that remote work reduces distracting factors like co-workers or managers who might be present in an office setting. Working from home eliminates cell phone use and people stopping by to chat and other distractions that may be present in an office environment.

In addition to allowing employees to do their job better without distracting others, remote employees report being more productive because they are not interrupted as often.

2. Better Employee Retention

Another remote work benefit for employers is that remote workers tend to stay in their jobs longer than office-based staff. The remote nature of work creates an environment where remote employees feel more respected and appreciated by their employers.

This increased trust between remote workers and employers can lead to higher job satisfaction among remote workers, which helps them stay in their job longer; according to a survey, remote workers got 75 in the Workforce Happiness Index.

3. Save Office Space Costs

Another benefit is that remote workers do not need office space. This allows employers to save money by renting out only the amount of office space they truly need at any given time. In the past, remote workers had less flexibility in working remotely because they often needed or wanted access to an office setting and environment.

Today’s technology enables remote workers to create their virtual workspace using simple tools Slack, Google Docs, Zoom, and web-based project management software, creating a virtual workspace with minimal equipment. All these things add up to remote work cost savings for employers.

4. Utilities and Office Equipment

By hiring remote workers, employers can save finances on things like light bulbs, cleaning services, and expensive equipment to do their job. This means that the remote workplace does not need to have costly office furniture or even be in a building at all. 

Hiring remote employees on a contract basis also enables the employer to change remote jobs as needed – giving them greater flexibility in designing their business model than if they were to have an entire office filled with expensive equipment and furniture sitting around being unused.

5. Commuting Expense

Remote workers are likely to work from home and, therefore, don’t have to commute. Commuting can be a massive blow to an employer’s budget, and remote work helps remote employers reduce their need for expensive commuter benefits like free parking, free or heavily subsidized public transportation passes, or even providing amenities such as private pick and drop services for employees.

On average, it costs $949 for a domestic business trip per employee, which employers can save by hiring remote workers.

Conclusion

Employers have begun to realize how cost-effective a remote resource can be. Especially, if they use outsourcing and right-shoring hiring services like Hanzo Solutions & Marketing. With Hanzo’s services, you can:

  • Cut out your legal obligations and liabilities. No long-term contracts!
  • Have an ability to scale up or down as your needs change
  • Quick ramp-up time to allow your remote resource to hit the ground running
  • Get top diversified talent, from fresh college graduates to master’s degrees with 15+ years of experience
  • And, save more than 50% on costs compared to an onshore employee

Call (833) 464-2696 or contact us via click here for a free consultation.

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