Physical operational costs are eliminated
All manner of physical operational costs are eliminated when you go remote with your business operations. The list is about as extensive as every physical aspect of a traditional workplace premises, from networking and IT infrastructure to utilities meters and the likes of air-conditioning, etc. However, the physical costs eliminated are extended even to the remote workers you’d be working with as well, such as how they wouldn’t need to stock up their wardrobes with so-called professional attire suitable for the corporate world.
SHE regulations pretty much become redundant
Simply put, if there is no physical office that your employees have to report to, there’ll be no need to make sure the non-existent office space complies with Safety Health and Environment regulations. It can be a real nightmare having to undergo constant assessment and evaluation of workplace environmental safety issues such as how many fire extinguishers there needs to be, where the emergency exit is located, etc.
No such worries when operations are remote.
Knock-on savings on would be HR staff and others
The remote working industry is growing at such a rapid rate and is getting so refined that the right system adopted with the right set of solutions in place eliminates many traditional roles which would have had to have been filled by a human. For everyone who is part of Human Resources, for instance, in addition to others of course, there needs to be some peripheral staff like security guards, etc. Many of these are eliminated when the operation is remote.
Remote work generally requires fewer employee benefits
Remote workers are well aware of the fact that they’ll typically not be entitled to the traditional benefits that come with full-time, in house employment. It’s a trade-off they’re readily willing to go with and in fact they expressly cite traditional employee benefits as something they’re happy to let go of in exchange for having more control over how they allocate their time to complete their work on a task-based structure.
So you likely won’t need to invest in something like those notoriously expensive corporate insurance packages which would otherwise be required to cover various elements of the livelihood of your staff.
Remote work has proven to improve productivity
Since a virtual office pretty much exists in the “ether,” there are no productivity-killing traps of a physical workspace to have to contend with. I’ve already covered that under the discussion of physical operational costs eliminated, but it goes beyond that. Pretty much all remote staff you hire will work more as independent contractors and independent contractors have proven to get more work done in the least amount of time.
The quintessential remote worker doesn’t depend on their “employer” to look over their shoulder and make sure they get their work done, or pretend to be busy working when supervision comes around. This task-based arrangement just proves to be more productive, i.e. you get more out of a remote worker than one who needs to be babied in-house…