The pandemic of COVID-19 has forced many people to start working from home. But what does history say about remote working? What do the statistics explain about its productivity? Of course, there are certain benefits, like getting rid of daily traffic on the road and getting more time to spend with your family. You can suit up for your job or just wear pajamas — there’s nobody to stop you.
But the question that always burns in the minds of the employers is whether working at home increases employees’ productivity or not. The supporters of remote work claim that it provides unparalleled benefits of an open environment, flexibility, and higher satisfaction. On the opposite side, antagonists say that working from home leads employees to waste time due to lack of discipline and the absence of micromanagement.
Remote work is somewhat new for most employers, and it’s the reason why there are so many controversies. Having said that, we are going to discuss the top ten working from home statistics, which will show the significance of this concept.
1. Working from home can increase your performance by 13 percent
A study by Stanford, which followed the performance of 16,000 employees for 7 months, found a 13 percent increase in productivity from the people working at home. They were also found to be working more minutes and doing more work every minute. This is the biggest study ever done on home-working and its productivity, and it generated an eye-opening result for everyone. People have shared their opinions too, saying that the home environment helps home-based working people to perform better.
2. Remote work helps to lower your attrition rate
The study also found a direct correlation between remote work and reduction in employee attrition. While most people quit their work due to job dissatisfaction, home-based working people consider remote work as a massive benefit and forget about unsatisfactory elements. As a result, they tend to stay longer in jobs and this reduces the trouble of training new employees.
3. Remote working people have a 77 percent higher productivity rate
In another survey, 77 percent of remote employees claimed they had higher productivity and efficiency. Although the survey was done based on the attendees’ claims, more than three-quarters of them felt they were more productive at home and that supports the data we found in the other survey.
4. The chances of remote workers taking time off are half
The survey also shows that remote employees taking time off from work are 52% less likely to happen. As working remotely removes the hassle of handling road traffic and the dull office environment and provides the chance of rolling out of bed and starting work immediately, remote employees will barely need to cut off work hours in the first place. It will also reduce the need for taking sick days off, which will have a positive impact on productivity.
5. Remote workers can make more money
Telecommuters with an income of sub-$100,000 per year earn $4,000 per year more than their non-telecommuting counterparts, according to The Penny Hoarder. The most obvious reason we can relate to is that home-working people tend to contribute more time to work, thus getting a higher income. Another reason is that remote working people push themselves for better performance and it results in more raises and bonuses for them. Whatever way you try to explain it, it’s clear that working from home has some financial benefits, which influence people to do it.
6. Remote jobs have grown more than ten times in a decade
The report also found that remote work opportunities have grown 10 times more than other workforces. There are two ways to explain this scenario: either the employers are starting to understand the value of productivity that remote employees are offering, or more people are creating positions themselves that let them work from home.
7. More than three-quarters of people like to work alone
Ask.com has found that 86 percent of employees prefer to work by themselves. Most of the people who work at home tend to work alone, meaning they want to capitalize on high productivity. Working alone also saves you from interruptions and distractions from other people, which helps to boost your performance anyway.
8. Loud colleagues are a distraction people want to avoid
If you’ve ever worked in a physical office, you know very well how noisy the environment can be during working hours. Some people repeatedly interrupt your work with on and off-topic discussions. Working from home helps you to control the environment in your way and helps you to get rid of irrelevant gossip.
9. Remote works eliminate the sources of stress
The comfort of the home environment helps to lower working stress by a lot. 82 percent of remote workers admitted having lower levels of stress while working from home. You don’t have to deal with traffic or wear formal clothes either if you can work from home. These are the variables that control your stress and working from home can eliminate them all. It’s a good idea to work from home to deal with less stress.
10. Remote employee monitoring software makes team management easy
Remote employee monitoring software works with employers to show whether the employees are working or not. Employers can find proactive and self-proven employees with this software. It also helps employees to be 20–25 percent more productive than their office colleagues, as found by the statistics.
It helps to build trust from both sides, so more business firms should use this software with their remote teams for better team management.
CloudDesk is here to help you with work-from-home management and to understand what sort of tactics have to be taken to deal with the challenges. It’s an affordable and effective remote employee monitoring software that keeps an eye on employee activity and helps to boost productivity. If you are interested in increasing your productivity, or the productivity of your employees, then you’ll need to use these statistics and analyze your efforts.
Try our 14-day Free Trial to see how it works. Hit the Contact Us button and let us show you how this software will help in this process.