Reminding ourselves of the benefits of remote working

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Fully remote working:

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Fully remote working refers to a work arrangement where employees conduct their job duties entirely from a decentralised location. In this setup, employees often work from home or any other chosen location, without the need for a physical office presence. We explore some of the benefits of this model of working below and how they can benefit an organisation.

Cutting real estate costs

Remote working allows companies to cut expensive real estate costs and redirect them elsewhere. With 168 hours in a week and typically 40-hour workweeks, over 75% of paid hours go unused. By liberating businesses from the need for expansive office spaces, remote work allows organisations to move funds towards innovation, employee development, or other strategic initiatives.This cost-effectiveness not only contributes to a healthier bottom line but also positions companies for long-term financial sustainability.

Increasing the talent pool

Shifting to remote work broadens talent horizons significantly. Geographical limitations no longer restrict the talent pool; now, potential candidates can be found from across the globe. Diverse perspectives and varied upbringings from different regions could infuse companies with fresh insights, fostering innovation and growth. Additionally, remote roles often attract candidates willing to accept lower wages, reducing operational costs for the business.

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Hybrid remote working:

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Hybrid working blends the realms of remote and office-based work. Its flexibility is versatile, allowing companies to set specific office days or grant employees the freedom to choose when to be on-site. This dynamic approach, entirely at the company's discretion, is gaining traction, especially as some organisations contemplate a return to the traditional office setting. Some benefits of this model are listed below:

Improved work life balance

One of the most talked about benefits of hybrid working is the ability to strike a balance between professional responsibilities and personal life. Young professionals often crave flexibility in their schedules, and the hybrid model empowers them to tailor their work hours to suit their individual lifestyles. This newfound equilibrium contributes to reduced stress, enhanced mental well-being, and increased job satisfaction.

Cutting recruitment costs

For businesses, attracting and retaining top talent is a perpetual challenge. The younger workforce, driven by a desire for flexibility, is more likely to move towards companies offering hybrid work options. This results in reduced turnover rates and lower recruitment costs for organisations, as employees are more likely to stay with a company that aligns with their work preferences.

Employee happiness

It is becoming more and more common that people in their early career often prioritise well-being and a healthy work environment. Hybrid working allows for a personalised approach to work, with the option to work remotely when needed. This adaptability contributes to reduced burnout, improved morale, and an overall positive impact on employee well-being.