Several Fortune 500 corporations hire remotely. They’re the likes of Walmart, Nintendo, Time Warner Cable, Bloomberg, GoPro and more. They understand the cost benefits of hiring remote workers and its direct consequences in their HR departments. Remote recruitment open room for payroll cuts, lower job turnover and more engagement.
Workers may choose remote jobs and communications for a multitude of reasons. Remote workers can attest to higher levels of productivity, life/work balance and a higher job satisfaction.
Hiring remotely is not a new phenomena. In fact, you’re pretty late to the game! In the U.S. alone,
remote work opportunities have increased 800 percent since 2005. A 2012 SHRM (Society for Human Resource Management) survey indicates that the main reasons for remote recruitment are global expansion and boosting productivity (53% and 49 % percent of all respondents respectively).
Cut your payroll!
The global job market is now accessible through remote job marketplaces such as UpWork (North America), Nabbesh.com (Middle East) or Freelancer (Australia). These marketplaces are highly competitive. You can hire qualified workers within your budget who will do the same exact job as any other nine-to-fivers among your local talent pool. You will also pay less overheads by having less people in the main office. You will save a ton in office rent, significantly in rent-hike cities such as Dubai, Cairo, London, San Francisco and several other cities around the world.
Remote workers have helped redefine working hours from a regular 9 to 5 to a delivery time that starts at “assignment” and ends at “due date.” Save on wages by hiring workers who can deliver work outside of traditional office hours. Don’t pay them for idle hours spent at the office. They don’t want the money.
Scale your talent pool on demand
Chances are you’re in a city that makes sense for your business, but doesn’t provide enough new talent for your company’s sustainability. This is typical for smaller cities with small dwelling population or universities. You can hire the finest workers outside of your immediate locality either in your country or overseas. Remote work is a great option for talented workers who do not wish to move to new cities big or small alike for many reasons. The news is – you don’t have to comprise on skills anymore. Moms are a chief example of remote workers who can’t always change locations because of family commitments.
Grow your business faster
There are a few tech companies that are 50+ percent remote. This means that more than half of their employees are distributed across several regions and several times zones. An internationally distributed team is able to work around the clock. Remote workers are a great resource for rapid-growth companies who wish to expand to new markets. Hiring locally will cost you less than opening a new office and sending expatriate supervisors to oversee work. Local (remote) workers are proficient in the local language, culture, and business customs. You won’t be lost in translation.
Keep your employees motivated
Remote workers exhibit a higher work motivation than regular on-site workers. If you think about it, remote workers don’t have to deal with daily commutes or traditionally confined work spaces. Plus, despite the new trend, remote jobs are not abundant. If your new recruit professes their desire not only to work at your company, but to do so remotely, they are probably not going to leave you any time soon for their old nine to five job. Remote workers stick longer if the work conditions you provide are ideal for them. Higher job retention will help you save money on new recruitment and will ultimately lead to better work and service to your customers.
The author of this article is a remote worker. You can hire Ahmed for your job by inviting him to send a proposal.