More and more of the global workforce is working remotely: about 70% work from somewhere other than their office at least once a week. With so many people choosing to work remotely, it has to make business sense, but unfortunately, it’s not perfect. Here are the pros (and a few cons) of hiring employees to work from home.
Expand your talent pool. One of the biggest advantages to considering remote employees is the far broader range of candidates you can tap into. If you’re looking to fill a specialized role and choices are sparse in your area, you can open up the position to candidates across the country—even around the world. This means increased workplace diversity, potential for greater innovation, and access to better cultural fits for your business.
Increase engagement. According to SHRM’s 2016 Employee Benefits report, 60% of companies offer their employees opportunities to telecommute, but some businesses aren’t so sure. Remote workers are often stereotyped as lazy and disorganized, but research shows that they may actually be more motivated and productive than their office counterparts. This is due in no small part to today’s worker seeking flexibility in their careers. Working remotely allows employees to get work done when they are most focused and achieve the all-important work/life balance that is receiving increasing attention from management and employees alike.
Lower overhead costs. As anyone with access to their business’s finances knows, operational costs are far from negligible, especially when it comes to shared office spaces. …