With the amazing opportunities afforded by technological
advances these days, there are more and more people working from home, either
full-time or just a few days per week. So much of modern business can be
conducted remotely via email and collaborative software that the modern
workspace as we know it is definitely changing. There are a lot of great
advantages to telecommuting, including the plenty of ways that it can save you
money.
More Flexible
Schedule
One of the first benefits that springs to mind for most
people when they imagine working from home is the ability to set their own
schedule. There’s no expected time to start (or end) the workday, which means
the focus is on meeting and completing specific project metrics rather than
just being present from 9 a.m. to 5 p.m., whether or not you’re being
productive.
This flexibility also means that employees save companies
money by not needing to take personal days on company time in order to take
care of business that can’t be conducted on the weekends. Trips to the bank,
scheduling a visit to the dentist visit or staying with a sick kid who’s home
from school can all be accomplished without taking time off the clock, or
costing your precious paid personal leave or sick day accrual.
Increased
Productivity
Some companies mistakenly believe that sending employees
home to take care of work will make them much less productive. In reality, the
reverse is true. Spending time at the office means that workers are getting
paid for just being there, not only for the times that they’re actually
working. Getting distracted by a chat with a coworker, trips to the bathroom
and time waiting for computers to reboot are all paid for by the company. While
the workday is supposed to last eight hours, there are very few employees that
work for every minute of those eight hours on any given day.
When employees work from home instead, they’re clocking
their minutes rather than getting paid just for showing up. This means payroll
isn’t covering the tiny breaks throughout the day; instead, workers are only
getting paid for the time they’re truly being productive. An eight-hour day
working from home consists of eight actual hours spent working, unlike eight
hours at the office, which can mean working about seven hours plus an hour of
accumulated goof-off time throughout the day.
Saving Money
Employees and employers can save tons of money by having
essential workers connect from home instead of coming to the office. Since the
benefits are mutual, both parties are often in favor of increasing remote work
carried out at home. One estimate suggests that companies can save around
$11,000 a year per employee if workers telecommute even just half the time.
These costs come from savings in employee retention, increased productivity and
more.
As for the employees, there are plenty of ways that
telecommuting can save money:
·
Since no dress code is required for at-home
workers, employees can save huge on clothing costs, not only for avoiding
expensive wardrobe updates, but also from no longer needing dry cleaning
services.
·
The costs of driving back and forth to a
physical office can add up very quickly, including gas money and higher car
insurance prices.
·
Staying from home cuts way back on fuel
expenditures, and should help you find much lower online car insurance quote as
well, since car insurance quotes are based largely on the annual mileage put on
your vehicle.
More Time with
Family
While work benefits are great, a healthy balance between
work and home life is essential. For many of those working from home,
telecommuting offers the perfect chance to do just that. Working remotely
allows for the expected eight-hour day to be scheduled a lot more creatively.
For example, parents may choose to work an hour early in the morning, then get
up and feed the kids breakfast before driving them to school. They can come
home and work for six more hours till the kids are done with classes, then
spend time with their family until after bedtime. Once everyone is asleep, they
can put in that final hour for a total of eight. For many, this type of
scheduling makes working from home truly a win-win proposition.
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