With increasing numbers of employees continuing to work from home since the beginning of the COVID-19 pandemic, it has become clear there are a number of benefits for both businesses and employees. In the current market where businesses are navigating ‘The Great Resignation’ and talent shortages, offering work from home flexibility can be a simple way to retain current employees and attract quality talent that will stay long term.
Employee retention
Providing work from home flexibility has proven to be a great retention tool. After more than two years of working from home, more employees now consider the adoption of this way of working an ongoing benefit, a decisive factor when engaging with an employer.
Increased productivity
A recent
Canadian study has found that 48 per cent of WFH employees work more hours from home than they do when they are only office based. Not only are there fewer social distractions, but there are also more opportunities to take necessary breaks when needed, helping with overall performance, motivation, and creativity.
Financial benefits
Both the business and employee save money when work from home flexibility is offered. Businesses save on office space, office supplies, utility bills and other facilities and the employee saves on travel costs, parking, and day care.
Better work/life balance
Working from home allows many people to balance work and personal responsibilities. Allowing employees the flexibility and freedom to work from home allows them to organise more essential tasks and live a more satisfying lifestyle.
Improved staff health and wellbeing
Remote, flexible workers tend to be happier and more loyal employees, in part because working from home has been shown to lower stress, provide more time for hobbies and interests, and improve personal relationships.
Attract new talent
Home working can be offered as an incentive to join a business, helping hiring managers to attract new talent to their business. Even just offering the option to work from home will provide an advantage over those competing for the same talent in a talent short market.
