Benefits of Working From Home for Employers

We have regularly pointed out the benefits for employees that come from businesses facilitating remote work and work from home options.

Topics like:

  • flexible hours
  • reduced or eliminated commuting
  • live and work anywhere
  • accommodating special needs requirements

are just some of the employee benefits arising from home working.

In this we article we would like to focus on some of the benefits for employers that come from implementing work from home policies

1. Communication is more efficient

Thanks to collaborative software solutions, it’s far easier to get everyone on the same page. Remote working encourages us to be more diligent in file management and communicating updates. Keep all communication, files, and approvals in one easily accessible place to eliminate time lost sifting through email chains or needlessly taxing progress reports. Improving collaboration with customer profiles and project updates in real-time is possible using any one of a whole suite of CRM software.

2. Productivity increases

Studies show that telecommuting employees are 20% to 25% more productive than their office counterparts. Not only are there fewer social distractions, but there are also more opportunities to take necessary breaks when needed, which psychologists say helps with overall performance, motivation, and creativity— among other benefits.

3. Save on team building events

Save on social events such as birthday or holiday parties and instead focus your budget on high-impact areas. You can still help your team bond virtually but at a fraction of the cost you’d normally expect to spend on things like rental space and activity materials. And yes, it is completely possible to build a healthy remote office culture with the help of digital tools.

4. Employee health and wellness improves

Facilitate a strong work-life balance for your employees simply through telecommuting. They get to customize their surroundings to suit their personal needs, get comfortable with their preferred outfits and tech setup, and take care of physical and emotional needs as they come up.

Although there are some common pitfalls for first-time telecommuters that might decrease these benefits, you can help employees in their transition to working from home. Simply set clear boundaries and expectations for work hours, projects, and meetings that allow them to relax and feel confident in their productivity without going overboard. Also, find a mutually agreeable solution for daily or weekly check-ins to eliminate micromanaging.

5. Talent pools expand

Enterprise employers are no longer limited to hiring local talent, which means they have a far greater chance of finding someone with the exact skills, experience, and personality to fit best within their organization. Broaden your horizons when it comes to recruitment and business expansion.

Hire native speakers, bring in perspectives from other countries and cultures, and create a well-rounded group of professionals to innovate with.

 

We have previously addressed some of the environmental and cost reducing benefits remote working offers your business. Hopefully these additional points will help you assess the reasons to support more remote working facilities in your workplace.

We at HYVE are here to help you with these decisions.

 

Featured Photo by Alejandro Escamilla on Unsplash

How much does working from home cost or save?

It would be an interesting exercise if we calculated the cost of our commute time in terms relative to what we earn. If you spend 3 hours per day on average commuting during a typical 45 hour work week that’s 60 of your available 168 hours per week spent on work related tasks, or 15 personal hours used to facilitate working.

If you have the option of working from home you regain the personal benefit of those 15 hours right away. Work still gets you for 45 but they get a fresher, more productive, motivated you as your work to life balance equals out.

Offering employees flexible hours and the chance to work from home can not only cut overheads by as much as £6,000-a-year, but can also improve staff morale and productivity – so it’s no wonder more and more companies are looking at reaping the benefits of telecommuting.

That was a statement made in 2015 in relation to remote working employees .

In 2020 I have seen estimates of €10-15,000 being the actual real business savings when you consider all the aspects:

Data from Global Workplace Analytics – a company conducting independent research and consults on workplace issues and opportunities – shows how companies can save an average of €7,500 per year for every employee who spends half of their time working remotely.

  • reduced office sizes and utility bills – hot-desking or shared work spaces in smaller offices
  • increased productivity – less office gossiping, more condensed working periods
  • decreased staff turnover through increased flexibility and happiness
  • that remote workers are less likely to take sick days

You then have to consider the other side of the equation, the employees’ point of view there is cash savings and perceived value in remote working also

  • less time spent commuting – family time or personal time
  • money saved on commuting – possible to go to single car family?
  • cash expenditure on lunches, coffees, casual costs

Take those business costs, out of pocket personal expenses, add in the opportunity cost of that commute time and you could have a surprisingly high number to quantify the potential saving of moving to a work from home solution.

Interested in learning more? Give us a call!

 

 

Featured Photo by Jp Valery on Unsplash

Times are changing. Legislation needs to move with the times.

Interesting article in the Irish Times on the observation that the majority of workplace legislation is not ‘fit for purpose’ when it comes to protecting workers that are contributing from remote locations.

Much of our employment legislation covers employment conditions in the defined place of work which until recently was a physical premises or office based situation for many.

Due to the pandemic lockdown and restrictions, by necessity, what we consider the definition of workplace is changing. We now need employment legislation to be updated to include changes to the location of our individual workplaces as more and more people are being required  to work remotely from home or other locations.

Many (companies) were forced to embrace it (#workingfromhome) due to #Covid19 and were surprised by how well it had worked. Click To Tweet

Increasingly we need flexibility from companies and employers in how we approach work and completing tasks. Performance measuring, reviews, accumulating holiday leave and parental duties are all factors concerning the new generation of remote worker.

 

 

Featured Photo by freddie marriage on Unsplash

Environment Benefits of Working From Home

Working from home or remote working is a hot topic now.

Very much in the forefront of people’s minds as an option to consider in their work choices.

Lock-down restrictions have shown many of us while being difficult & frustrating how simultaneously beneficial & productive working from home can actually be.

There are additional benefits..

Its not just for the novelty or convenience factor, there are additional benefits to be considered when your company is considering work from home as an option for employees. As well as the improvements in people’s work & life balance (there’s not many who would say they miss the morning commute) there are also the environmental benefits to be recognised.

Pre lockdown

5.06 metric tons.

That’s the number. Per person employed in a typical office environment, 5.06 t was the individual contribution to a company’s CO2 footprint. This is improving. 2 years previously it was 5.44 metric tons.

As can be seen a large proportion of that contribution is Commute at 46%. Heating, lighting and power (devices & equipment) are ‘consumables’ in that we can moderate our use of them to some level through being responsible (switch lights off leaving rooms, avoid overnight standby on devices ete) but ultimately they are necessary to enable us to work in the office.

Working from Home

Changes things dramatically though.

Curtailing the commute is not just an immediate effect on the CO2 footprint but is also a dramatic change for staff who have more time in their day to attribute to other purposes – exercise, family time, learning, volunteering etc etc. An immediate and apparent improvement on work / life balance and ultimately a big contribution to increases in productivity by remote workers.

Through rebalancing the commute (you still have to go to the office sometimes over the course of a year) changes to heating & lighting a typical work from home set up brings the C)2 contribution to 2.10 metric tons per individual.

That’s a HUGE 58% reduction over the course of a year!!

At HYVE.ie we are working to reduce that even further. We have identified that the 46% Power (relatively higher than the Offic number due to domestic inefficiencies) as the target to make changes.

Implementation of options for renewable energy such as Solar & Photo Voltaic panels where appropriate will help bring that power usage number down further.

Want to find out more?

If you would like to discuss how converting your office operations to HYVE would work out for your benefit, do get in touch with us.

 

HYVE Outdoor Work & Wellbeing Spaces

Innovative Modular Pods providing healthy outdoor spaces for work and leisure that are both functional and aesthetically stunning.

About HYVE

HYVE Outdoor Spaces concept was designed to create innovative outdoor buildings which combine agile working principles with personal wellbeing.

Modular
The fully modular design means the building may be configured in square, hexagonal, rectangular or a combination of these formats while maintaining its inherent classic beauty, core strength  and functionality.

Individual
A wide range of finishes and fitout specifications are individually chosen for each building to ensure that every Client achieves their own personal requirements with a truly bespoke solution.

Complete
With its off-site manufacture, fast installation and comprehensive furnishing options a HYVE package takes care of every detail from start to finish.

Eco
Packed with sustainability features such as the living sedum roof, low energy LED lighting, insulation and double glazing HYVE cares for the wellbeing of the environment too.

Versatile
HYVE may be fitted out for many dedicated uses which encourage a healthier lifestyle and perfectly complement any size and style of garden or open space.

eventcentre.ie Press Release regarding HYVE Distribution

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