Beyond

Boundaries: How
Remote Work
Fuels Business
Success
Gigster | September 12, 2023

As the quest for work-life balance intensifies,

companies are gradually tipping the scale in
favor of remote work.

In 2023, only 12.7% of full-time professionals can

embrace the remote work lifestyle, while an
additional 28.2% navigate the hybrid work
terrain.

Implementing remote work has proven a

powerful strategy for businesses of all sizes. The
advantages are apparent, from increased
productivity and cost savings to attracting top
talent and fostering a happier workforce.

Both startups and established organizations

alike can reap the benefits of remote work. It
helps optimize resources and enhance
competitive edge. We'll explore the remote work
benefits for your business and how you can
implement it within your organization.

Table of Contents: The Benefits of

Remote Work

Increase Productivity & Efficiency

Save Money
Improve Work Balance
Reduce Stress and Employee Burnout
Environmental Benefits of Remote Work
Enhance Employee Satisfaction and
Retention
Flexibility and Agility in Business Operations
How to Implement Remote Work
Successfully

From Local to Global:

Expand Your Talent Pool
and Access a Global
Workforce
Imagine you’re scouting for a soccer team but
can only look within your city’s limits – your
talent is limited to a few sources. When the
season starts, you'll likely lose when you play a
team that scouted for players globally. That’s
because their talent base was boundless. They
had the freedom to look for the best of the best
anywhere when you could only scout for the
best in your city. Businesses that can hire from
anywhere broaden their access to diverse skills
and new perspectives.

Did You Know: According to McKinsey's 2022

American Opportunity Survey [1], 87% of
employees would opt for remote work if given a
choice.

With talent that can work from anywhere,

businesses have a competitive advantage in
employing the best candidates for their specific
needs.

Remote work also allows businesses to leverage

the benefits of outsourcing. Companies can hire
freelancers or teams on-demand for specific
projects, enabling businesses to scale their
workforce up or down as needed without long-
term commitments or additional overhead.

1. Increased Productivity
and Efficiency
The most significant benefit of remote work is
the increased productivity and efficiency when
employees have the autonomy to create an
environment that best suits their work style.
Flexible work hours boost productivity by
enabling employees to work during their most
productive times, free from typical office
distractions.

Remote work also eliminates the time and stress

associated with commuting. Employees can
focus on tasks more efficiently with fewer
distractions and interruptions. The distributed
team model also builds trust and encourages
employees to take ownership of their work and
be more self-reliant.

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Studies show remote workers are more

productive than their office-based counterparts.
According to a study by Stanford University, [2]
remote workers reported a 13% increase in
performance compared to their in-office
counterparts. The study also found that remote
workers took fewer sick days and had a lower
turnover rate. This increased productivity can
significantly impact your business's bottom line,
leading to success.

According to a Connect Solutions survey, [3]

individuals who work remotely for several days
each month report 77% higher productivity. Of
those, 30% accomplish more work in less time,
and 24% achieve increased output within the
same time frame.

2. Save Money
Another powerful benefit of remote work is the
cost savings it can bring to the table. Traditional
office spaces come with significant overhead
costs, ranging from rent and utilities to office
supplies and equipment. Companies can
reduce these expenses by authorizing
employees to work from anywhere.

Your company could also benefit from

eliminating:

Relocation costs
Cleaning services
Security costs
Meal or travel reimbursements
And even save on taxes

3. Improved Work-
Balance for Employees
Employees in traditional office environments
often sacrifice exercise, personal time, and
family commitments due to long working hours
and commuting time, leading to stress, burnout,
and dissatisfaction.

Remote work can give employees more control

over their work schedules, allowing them to
balance their personal and professional lives
without compromising their work commitments.
This flexibility promotes a healthier work-life
balance, positively impacting their productivity,
performance, and engagement.

4. Reduced Stress and

Employee Burnout
Burnout is widespread in today's fast and
demanding workplaces. The pressure to meet
deadlines, handle heavy workloads, and
maintain a healthy work-life balance can affect
employees' mental and physical well-being.
However, offering remote work can help alleviate
these stressors and reduce the risk of burnout.

Remote work allows employees to create a work

environment that supports their well-being.
Whether working from a home office, a co-
working space, or a coffee shop, employees can
choose a setting that allows them to focus and
recharge.

Additionally, it reduces the stress associated

with commuting. Long commutes can be
mentally and physically draining, leaving
employees exhausted before they start their
day. In a 2022 study, researchers at Stockholm
University [4] revealed that a lengthy commute
to work could be linked to adverse health effects,
including reduced physical activity, weight gain,
and sleep problems.

By reducing commuting time, employees have

more time and energy to dedicate to their work,
resulting in increased productivity and
decreased stress levels. This flexibility promotes
a healthier work environment and encourages
employees to prioritize self-care and well-being.

5. Environmental Benefits
or Remote Work
Office settings contribute to environmental
pollution through commuting, energy
consumption, and waste. However, remote work
can help mitigate these environmental impacts
and contribute to a more sustainable future.

One environmental benefit is the reduction in

greenhouse gas emissions. By reducing daily
commutes, remote work reduces the number of
cars on the road, resulting in lower carbon
emissions.

Remote work also reduces energy consumption

associated with office spaces. With fewer
employees working in physical offices, there is
less need for heating, cooling, and lighting,
reducing energy use. Additionally, remote work
reduces the need for office equipment, lowering
energy consumption and businesses' carbon
footprint.

Moreover, remote work curbs waste production

by removing the necessity for paper, office
supplies, and disposable items, fostering
environmentally friendly practices in business
operations.

Did You Know: In 2020, transportation-related

carbon dioxide emissions decreased by 15% [5]
due to remote operations in numerous
businesses.

6. Enhanced Employee
Satisfaction and
Retention
For a business to succeed, keeping employees
happy and motivated is essential. Allowing
remote work can improve employee
satisfaction, leading to better retention rates
and a more dedicated workforce.

Employees who work remotely have more

control over their work environment and
schedule, increasing their job satisfaction,
making employees feel valued and trusted, and
positively impacting motivation, engagement,
and loyalty. A recent study discovered that full-
time remote workers have 22% more job
satisfaction [6] than those who never work
remotely.

Remote work offers opportunities for

professional growth and development. With
access to a global talent pool and the ability to
work with diverse teams, employees can expand
their skills, knowledge, and network. This diversity
can lead to greater job satisfaction and
increased loyalty to the company.

7. Flexibility and Agility in

Business Operations
For businesses to thrive in today's fast-paced
and competitive landscape, they must be
flexible and agile. Companies can adapt to
changing circumstances and seize new
opportunities by implementing remote work.

When employees work from different locations,

businesses can be more flexible and respond
quickly to changes in the market, which helps
companies expand into new areas and reach
new customers. It also allows businesses to stay
ahead of the competition and adapt to
changing market conditions.

Remote work lets you do your job from

anywhere, not just in an office. Working from
anywhere is especially helpful for hiring
freelancers for specific projects or growing a
team for a new product launch. Remote work
fosters innovation and creativity by bringing
employees fresh perspectives and ideas. This
creativity can lead to improved problem-
solving, increased innovation, and business
growth.

8. Implementing Remote
Work Successfully
While the benefits of remote work, it’s essential
to address the challenges that may arise during
the transition. Successful implementation
requires careful planning, clear communication,
and the right tools and technology.

Effective Communication and

Collaboration
Reliable tools like video conferencing, instant
messaging, and project management software
can bridge the distance, promote collaboration,
and ensure everyone is on the same page.

Accountability
Managing employee performance and
accountability can be challenging, but it's
crucial to establish clear expectations and key
performance indicators (KPIs) and maintain
regular communication. Regular check-ins,
performance evaluations, and feedback
sessions ensure employees meet their goals
and remain productive and accountable.

Cybersecurity
Today, businesses must prioritize cybersecurity
and data protection. With employees accessing
company systems and data from various
locations, it is crucial to implement robust
security measures, such as VPNs, encryption,
and multi-factor authentication. Regular
training and awareness programs can also help
educate employees on best practices for
cybersecurity.

Final Thought
Whether you're a startup looking to optimize
resources or an established organization
seeking a competitive edge, remote working
offers plenty of advantages for employees and
employers. It can help transform your business
and propel it toward unprecedented growth and
prosperity.

By embracing it, any business can unlock the

potential of its employees, attract top talent,
reduce costs, and contribute to a more
sustainable future. So, don't wait any longer.
Leap and harness the power of remote work to
unlock success for your business.

Resources:

[1] McKinsey & Company (2022). Is remote work

effective? We finally have the data. [online]
www.mckinsey.com. Available at:
https://www.mckinsey.com/industries/real-
estate/our-insights/americans-are-
embracing-flexible-work-and-they-want-
more-of-it.

[2] Bloom, N., Roberts, J., Liang, J., and Ying, Z.J.
(2013). Does Working from Home Work? Evidence
from a Chinese Experiment. [online] Stanford
Graduate School of Business. Available at:
https://www.gsb.stanford.edu/faculty-
research/working-papers/does-working-home-
work-evidence-chinese-experiment.

[3] Wright, A.D. (2015). Study: Teleworkers More

Productive—Even When Sick. [online] SHRM.
Available at:
https://www.shrm.org/resourcesandtools/hr-
topics/technology/pages/teleworkers-more-
productive-even-when-sick.aspx.

[4] Halonen, J. (2022). Home and workplace – Do

their locations matter for health behaviors? -
Stockholm University. [online] www.su.se.
Available at:
https://www.su.se/english/research/research-
projects/home-and-workplace-do-their-
locations-matter-for-health-behaviours
[Accessed 10 Aug. 2023].

[5] www.eia.gov. (2021). U.S. energy-related CO2

emissions declined by 11% in 2020 - Today in
Energy - U.S. Energy Information Administration
(EIA). [online] Available at:
https://www.eia.gov/todayinenergy/detail.php?
id=47496.

[6] owllabs.com. (2021). State of Remote Work

2021 | Owl Labs. [online] Available at:
https://owllabs.com/state-of-remote-
work/2021.

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