Blog

Offering remote working could transform your business

Date 24th October 2018 //
Author Sage
Outdoors, Nature
Alternative business funding, traffic light, icon

Find your business
funding

£
Enter a funding amount between £500 and £50,000,000.
Please indicate what you need the funding for.

Studies show that companies who offer remote working have more satisfied, loyal and productive employees. Considering the kind of flexibility that offers for employees, it’s not hard to see why.

Whether your employees have young children, are carers for elderly family members or belong to the 3.7 million Brits commuting for more than two hours a day, working from home could make a huge difference to their lives.

Here are some of the ways that offering remote working could benefit your business:

  1. You have access to a wider talent pool. By not restricting your search to a specific geographical area, you get access to a larger number of qualified candidates. You can also focus more on your candidates’ skills and enthusiasm rather than whether they live within a commutable distance.
  2. There are significant cost reductions. Not having to offer desk space for your employees as well as saving on other typical costs - such as providing computers for employees - means significant savings for you. This also makes it easier for you to scale your small business, as your overhead costs will be smaller.
  3. Increased loyalty and productivity. This was mentioned above, but it bears repeating. 73% of remote workers put in more effort than necessary when they work from home, and the increased free time and reduced work-related stress mean your staff will be more loyal - a crucial point to consider for small companies where high staff turnover can cause problems.
Text, Menu

When considering the move, utilise your current workforce - do you have team members who could be suitable for working independently out with the traditional office environment? If not, incentivise your employees with a reward scheme for referring potential candidates for these roles. Remember, good people know good people and this can bring your brand to the attention of top talent.

Interested in learning more about what remote working could do for your business? Check out the full article by Sage.

Alternative business funding, traffic light, icon

Find your business
funding

£
Enter a funding amount between £500 and £50,000,000.
Please indicate what you need the funding for.
Related Articles
Outdoors, Landscape, Nature, Scenery, Aerial View

Countering currency volatility during the coronavirus

The acceleration of the coronavirus crisis in March led to some dramatic currency movement...

LEARN MORE
Restaurant, Shelf, Cafe, Furniture, Chair

Preserving our enterprise heritage. Now is the time to be bold.

One thing that is certain, in a currently very uncertain world, is that right now small bu...

LEARN MORE
Electronics, Person, Human, Hand, Phone

Now is the time for the bank referral scheme to show its worth

We get it. Banks can’t lend to every business. But don’t let a decline be a death sent...

LEARN MORE
Computer, Computer Keyboard, Electronics, Furniture, Table

How to launch a new product to market

A small business checklist for product launch success...

LEARN MORE