Do you own a business and you want to know how to save as much as possible on finances? Maybe you just started a business and you’re looking for the best way to launch.
Well, in today’s digital age the answer is telecommuting. Yes, we can all think of some very big advantages to working from home such as:
- More time with the family
- A healthier diet
- Less distractions
- No rush hour traffic
We all concur with all of the above. However, what about the advantages that employers have? Yes, employers indeed benefit from their employees working at a remote location. So, telecommuting is a mutual-benefit relationship between employee and employer.
Check out this aggregated list of the top three cost benefits for employers that allow telecommuting. You may be surprised.
Savings on Bills
The top of the three cost benefits of allowing your staff to work from home is savings on bills. As an employer, you understand how much a brick-and-mortar business can be. It would probably be one of your biggest investments. But, with monthly fees such as rent or mortgage and utility bills, your finances can consist of astronomical figures, completely stressing you out as you focus on the day-to-day operations of running your business. Creating a business that operates on a virtual platform, or just simply having your employees work from home can cut those costs entirely.
Cut Travel Expenses
You also would have the flexibility to cut your travel budget. In your line of work maybe your employers have to drive and you offer gas reimbursements. As an employer, you could potentially set up a virtual platform and have your employees work from a remote location. This move could strike those travel expenses. Also, there may be a highly qualified candidate that you want to be a part of your business. If you operate out of a storefront, to ensure that you get that candidate, you would offer to pay for their travel expenses if they live in another state or country. If your employees work from home, you can reach and acquire any candidate you want without budgeting for travel expenses.
Convenient wouldn’t you say?
No Office, No Supplies
Last but not least, another cost effective reason to have your employees work from home would be materials and supplies. Just think of your workspace now. How many THINGS do you see around?
- Office supplies
The list goes on and on. Financing all those THINGS can get really expensive. If you decided to allow telecommuting, you would be saving thousands of dollars on materials needed to maintain steady production.
As you can see, working from a remote location has huge benefits for not only the employee, but also the employer. Today, technology surrounds us everywhere we go. We live in an information based society. With the boom of the internet and how accessible data and information is, many purchases are even made online therefore, the modern day consumer is already familiar, and comfortable with digital platforms. Why not progress to reflect the era and the customer? Above all, as an employer, you have the potential to accomplish the goal that business owners all over the world wish to accomplish: capitalizing on maximum profit by drastically cutting costs and increasing production. But most of all, while not only making the best decision for your business, you will truly make your employees’ lives much happier.