Top 15 Benefits of Remote Work for Maximizing Profit and Business Impact

Remote workers are revolutionizing labor and staffing for companies worldwide. This workforce answers the overwhelming global talent shortage. 

The US Chamber of Commerce reported an excess of 1.7 million job openings because of the smaller US-based workforce. Remote offshore workers are in a prime position to fill the talent shortages in companies from all sectors and industries.

With this solution in mind, other integral business aspects may also improve. Lack of talent leads to higher labor costs, impacting profitability and competency. A survey done by Adecco Group saw 92% of employers reporting downturns in productivity, employee satisfaction, and customer satisfaction. However, remote work opportunities enable cost savings and efficiency.

The benefits of remote work for businesses expand beyond labor supply and cost savings. They also improve team management, recruitment, financial and resource management, to mention a few. Here’s how a remote work policy is an optimal protocol for organizations like yours.

5 Remote Work Benefits for Team Management

1. Achieve High Employee Engagement

Remote work-from-home positions are a boon for employees. They experience increased job satisfaction than workers in a central workplace setting. Highly engaged workers have higher productivity and more work done. 

According to Buffer’s 2023 State of Remote Work survey, 44% of remote workers report having worked more. Meanwhile, fewer employees have been feeling burnt out. 

Attendance and active participation also increase when employees feel motivated. Employers win because everyone can focus on achieving organizational goals.

2. Healthy Workers = Higher Retention and Work Progression

Workloads pile up, and stress levels rise in the company. These two major factors take their toll on employees’ mental and physical health. However, work progression is important too. 

Striking a balance between work progression and employee health could be challenging. You may have to deal with a high attrition rate if you don’t have protocols in place.

A remote work setup may help you thread the needle between work progression and employee health. Remote work-from-home jobs allow employees to set time for prioritizing their health. They schedule important check-ups and even find time to exercise. These activities promote good employee health and well-being. Healthy employees make happier workers. Happier workers lead to higher retention rates.

When all team members remain on board, no matter the volume of work and the number of targets, you and your team will deliver all your tasks. You can progress toward company goals efficiently because workers are all in. 

3. Increase Productivity

Remote work productivity ties into the overall wellness of employees. Healthy workers lead only to high productivity rates. 

In the Journal of Occupational Health review, stay-at-home workers generally felt more productive. In a an SHRM survey, 77% of respondents said they were more productive working at home. Meanwhile, 30% said they took less time to accomplish more tasks.

With increased productivity, companies that adopt remote work may see employees working longer hours. At the same time, more work may be accomplished to achieve short-term and long-term goals. These progressive companies are more equipped to respond to urgent matters and emergencies.

4. Strike Down Absenteeism

Recent remote work surveys revealed employers noticed that absenteeism is down because of remote work productivity.

Did you know that absenteeism also demotivates other team members who usually perform well? Team morale directly correlates with work productivity. Lower productivity rates naturally lead to slower work progression. 

However, a remote setup maintains a high team morale by curbing absenteeism. When everyone is present and collaborative, workloads and work hours will be more manageable.

5. Clear the Way for Communication

Forbes notes that remote work has given rise to asynchronous communication, which may benefit companies since less time may be spent in meetings. 

This way, more work may be accomplished individually while addressing collective concerns simultaneously. Coordination between teams or departments is streamlined. Lastly, your people deal with issues more swiftly. 

5 Benefits of Remote Work for Recruitment

1. Access to a Larger Talent Pool of Qualified Workers

The cybersecurity industry and the rest of the IT world have an onshore talent shortage. However, remote IT work enables companies to fill positions with overseas talent. The same idea applies to other industries and niches as well.

One of the benefits of offshore staffing is the open door to worldwide talent. The best companies for remote work in the Philippines source the top 3% of Filipino talent for specialized and essential positions. This method ensures that businesses hire talent that matches the requirements of their open positions. 

2. Focus on the End Goals

Work-at-home setups do not fit well with traditional performance management. Instead of evaluating the number of work hours, remote work tips suggest that leaders should focus on output and results. This way, employees focus and perform their best while remaining accountable for their responsibilities. 

Tip: Track the milestones of each team member. See if these align with agreed-upon targets. Coach your remote team if you see results that went down or weren’t delivered.

3. Promote Innovation from Diversity

Companies serving a global market may find innovative ways to serve their customers through remote work worldwide. The diversity of talent brings a multitude of different perspectives and cultures. Diverse viewpoints lead to unique solutions that lead to better worldwide services.

Related: Top 6 Cultural Traits and Values That Make Filipinos Ideal Remote Workers

4. Streamline the Entire HR Process

An overly complicated HR process becomes costly in the long run. With a streamlined HR process, you can cut costs, hire faster, and retain more workers. Remote work allows you to have a solid HR program in a shorter timeframe.

Seasoned applicants using websites for remote jobs tend to pursue online applications for convenient hiring processes.

The Hypercare approach from one of the best work from home companies may also provide you with robust and comprehensive HR support to hire offshore employees. 

Hypercare is a consultative and collaborative strategy where a dedicated account manager and an onboarding specialist help you integrate remote offshore team members. A team then tracks and evaluates the progress and success of the integration with your company.

5. Scale Up or Down as Needed

Companies in certain niches, such as marketing and advertising, require flexibility. They need mobile workforces for changing demands. However, scaling up or down can be difficult if you have only a central office. 

Freelance remote work may be flexible, yet offshore remote work fosters more loyal and qualified talent for fluctuating workloads. An offshore team is ultimately more scalable in any direction. Team management will be taken care of by an offshore partner. You only need to focus on your clients and your product or service.

Related: Find the Talent You Need by Freelancing, Outsourcing, or Offshoring

5 Finance and Resource Benefits of Remote Work

1. Save on Labor Costs

Based on a data-driven offshoring salary calculator, you can see how much your company may save on labor costs. 

Check out the salary comparison of a middle-level UI/UX designer in the US, UK, and Australia compared to the same position in the Philippines.

An overseas company can consider hiring an experienced Filipino UX/UI designer, which can result in up to 60% annual savings on labor costs.

2. Save on Equipment and Site Costs

The meaning of remote work equates to lower office costs, as well as equipment and supply spending. According to Forbes, companies may see a 21% increase in profitability from an annual average savings of USD 11,000 per employee in a remote work part-time setup.

3. Use Budget and Resources Wisely

You can invest in other growth initiatives because of cost savings in labor, equipment, and office spaces. You can improve other aspects of your business and drive toward your organizational objectives.

4. Cut Down on Process Times

With better productivity rates, operational processes may take less time to complete as you retain quality results. Spare time allows your teams to move on toward other tasks.

Your main onshore team can also focus on your core functions. Find, hire, and build your team of offshore Filipino workers to support your main team.

5. Encourage Flexibility

Remote work best practices lie in the flexibility that employees and organizations gain. The movable schedules of team members allow companies to adapt to sudden contingencies. 

Organizations can also scale up and down as needed by market demand. Whatever challenges the future of remote work may bring, a remote-ready company can find solutions for them.

Grab the Opportunities and Benefits of Remote Work

The scarcity of talent worldwide and its serious consequences can greatly affect companies. However, remote work, like offshoring, opens the door for talent supply. 

Offshoring to the Philippines allows you to acquire the talent you need through a remote setup. You also get all the support you need to integrate remote team members.

A remote offshore setup assists in team management. It simplifies recruitment. It boosts finances and resource management. Most importantly, you can bridge the talent gap in your organization. Ultimately, you and your company can advance to higher profitability and innovation.