Benefits of Working Remotely from home –
The pandemic-induced lock down which began in March 2020 was sudden and Utopian and literally brought the whole world to a standstill. The virility and mutative nature of the virus spread fear, forcing people to remain indoors. This meant the whole Indian workforce, organized and unorganized sectors alike were also placed on halt. However, like how mankind has always managed to seek out alternatives and thrive, the concept of ‘work remotely from home’ arose.
Working remotely from home or popularly mentioned as work from home is a kind of labor culture where the worker can perform his/her day-to-day work from home without having to be physically present in the office. Reports say that 90% of the Indian IT industry employees were performing from home during the lock down, out of which Tier 1 cities contributed 65% and Tier 2 cities 35%. Companies that provide work from home and other people seeking remote jobs online jumped dramatically within the past two quarters. People performing from home have found the model largely beneficial and have reportedly achieved good work-life balance. In this article, we further elucidate why working remotely from home has proven to be beneficial for both the employer and therefore the employee.
Working Remotely from Home – the perfect business model for businesses
The WFH model abbreviated as work from home has reportedly been an enormous hit for businesses especially the IT industry due to huge savings on employee expenditure without compromising on the quality and speed of the work. Listed below are a number of the points on how businesses capitalized the ‘Work from Home’ model.
1. Cutting down office space cost:
The heavy expense of running an office space is often partially or completely hamper as performing from headquarters was hip and didn’t require employees to return to the office. In fact, various companies during the lock down period gave up their office spaces temporarily as huge cost-cutting measures, until the foreseeable future when their employees would be required to return.
2. Saving travelling time for employees:
Jumping out of bed early within the morning only to urge through an hour of grueling traffic within the car, bus or crowded trains to succeed in the office was a norm in the past. Companies that provide work from home can waive off this trouble and save the travelling time and expenses for workers. This time saved can reflect more within the productivity of the day. Some offices also cover employees’ transportation expenses, which may be huge savings while employees are performing from headquarters.
3. Operational costs:
Right from paying huge electricity bills for the air-conditioning and computers; to water systems, everyday cleaning and straightforward office supplies like copy machines and stocking paper comes under operational costs that are borne by the business. Depending on the dimensions and industry of the business, the operational costs can range anywhere from thousands to lakhs on a day to day. This entire amount is often saved by companies that provide work from home.
4. No geographical barriers for hiring talent:
Normally, an individual in Amritsar wouldn’t apply for employment in Tamil Nadu or the other way around albeit he/she is perfectly qualified and suits the role requirements, for the simple reason of shifting to another city. Many people hesitate to require up jobs in another city because the cost of moving to and living in another city far away from family could be expensive logistically as well as emotionally. However, now with working remotely from home and geographical lines being blurred, companies are more hospitable hiring remote employees and Indian freelancers fitting their business domain. Due to this reason, companies providing remote jobs online increased by 200% during the lockdown.
5. Increase in productivity:
Reports have proven that folks performing from home have shown higher levels of productivity as they’re performing from the comfort of their home, saving tons of your time and having a good work-life balance. Businesses can leverage this productivity to reinforce their performance and position themselves better within the market. They can also use the quantity of cash saved from operational costs to offer incentives, send gift packages to employees to point out appreciation, thereby increasing the loyalty of the worker. Employees also are less likely to require sick leaves while working remotely from home which can end in more working days and eventually boosts productivity. It is simply a win-win!
WFH – the solution to work-life balance
Despite many losing their jobs during the pandemic, the concept of performing from home has presented a plethora of opportunities to freelancers from India and has also had an enormous positive impact on employees. Listed below are a number of the explanations why people performing from home prefer it to getting to the office.
1. Great work-life balance:
Working from the peace and luxury of your home not only sharpens you specialize in a project but also helps maintain a disciplined time period and luxuriate in quality time with family.
2. Huge money savings:
You can save an excellent deal of cash by performing from home as your expenses on petrol, transportation, tea, and snacks during breaks, eating out for lunch, spending on work clothes, etc are cut out.
In Conclusion
The pandemic has thrown open different work opportunities and options like hiring remote employees not just for business but also for people. Many of us have abandon their routine 9-5 jobs during the lockdown and are testing with different freelancing career options. A study suggests that many people have turned to freelancing and contract working because it gave them more autonomy, flexibility, and freedom to settle on the projects they work on.
Being the second largest freelance workforce within the country, approximately 15 million people are gig workers within the country. Now that the pandemic has brought down the traditional office-going culture, more and more companies in several sectors are looking to trap the freelancing talent tailored to suit their projects. However, since the gig sector is essentially unorganized, a medium to collude job-seekers and job-givers is imperative. Rockerstop is one such platform that acts as that bridge between companies seeking to hire freelancers online and gig workers finding work from home. Companies can build a project, define its specifics and post it. they will further shortlist profiles from over 65,000 freelancers who have registered and custom make contracts for them. Gain more insights, tips and trends for business also as employees from our blog on everything associated with the gig industry.