Remote working is undoubtedly on the rise, with an estimated 4.3 million employees working as part of a virtual team. However, there’s still room for improvement as nearly four million UK employees want to join the remote workforce, but aren’t given the chance.

 

Sage Remote Working and Virtual Teams

 

For businesses who haven’t yet embraced this practice, just what are they missing out on? For one, it’s hugely cost-effective. Providing an employee with a laptop costs significantly less than hiring a space, buying office furniture, and paying maintenance costs and bills. Building remote teams also allow a company to access potential candidates worldwide and base recruitment decisions on skill set, rather than who’s available within a commutable distance from the office.

Unsurprisingly, working from home is also beneficial for employees. For roughly 3.7 million workers, commuting to and from work takes more than two hours a day. Working away from the office provides employees with more time in their day, as well as the flexibility to plan their day around their work, family and other commitments.

Remote working is not just for multinationals. Small businesses can also embrace the virtual team, with productivity and access to the best talent being the biggest benefits. Research has shown that employees working remotely are highly productive, motivated and committed to their employers.

When considering the move, utilise your current workforce – look at who could be suitable for working independently, without the social support that comes from a traditional office. If your current team wouldn’t be suited to this working practice, incentivise them with a reward scheme for referring potential candidates for these roles. Remember, good people know good people and this process can bring smaller brands to the attention of top talent.

For more information on the benefits of remote working for both businesses and their employees, take a look at the full article on the Sage Advice blog.

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