Work from home

Many employees are looking for more flexibility in their jobs. One solution is allowing the option to work remotely. Although most employees would enjoy setting their own hours and choosing their workspace, working remotely isn’t for everyone. Here are some benefits and drawbacks of implementing a telecommuting policy.

Benefits of Telecommuting

  1. Because employees stand to gain a stronger work-life balance with a remote working option, they tend to feel more control over their lives. As a result, your retention rates increase and you save money by not having to recruit and train new employees as often.
  2. Because employees can work remotely, and sick employees can avoid infecting others by working from home, your rate of unscheduled absences decreases. As a result, productivity levels remain steady and your company avoids losses due to work remaining unfinished.
  3. Employees feel more independent and empowered when working remotely. As a result, they’re more productive and willing to collaborate on projects.
  4. By cutting down on commute time, employees have much more time to dedicate to their work and personal lives. As a result, your employees feel less stressed, are more productive, and typically finish their work on time.
  5. For employees who work remotely on a full time basis, your company doesn’t have to pay for additional office space, equipment, supplies or employee relocation costs, so you can invest more in recruiting, marketing, development and other areas that may increase your bottom line.

Drawbacks of Telecommuting

  1. Not all employees are self-directed, comfortable using technology or willing to be isolated from coworkers.
  2. Some employees may feel less creative and innovative when not collaborating in a typical office environment.
  3. Employees who work remotely may face challenges advancing to supervisory or managerial roles within your organization.
  4. Your company will need to create and enforce additional cybersecurity protocols for remote workers to prevent data leaks.
  5. Employment law may affect how much your company and employees pay in income taxes. For example, if you’re a New York-based company with an employee working remotely in Connecticut, your company and your employee owe taxes in both states.

These are a few benefits and drawbacks of implementing a telecommuting policy for your company. If you’re looking for accounting, finance, business or IT staff in the Boston area, get in touch with MFA Talent Management today.