Homebreadcumb forward arrow iconBlogbreadcumb forward arrow iconGeneralbreadcumb forward arrow iconRemote Work: A Win-Win for Employer and Employees

Remote Work: A Win-Win for Employer and Employees

Last updated:
16th Feb, 2018
Read Time
6 Mins
share image icon
In this article
Chevron in toc
View All
Remote Work: A Win-Win for Employer and Employees

Once upon a time, the words ‘work at home’ or remote work made it sound like you were either out of a job or one step away from giving up. There was a time when “working from home”, as the modern workforce knows it, wasn’t even a possibility. Back then, remote employment basically meant a telemarketing or customer service position at below minimum wage. It was rarely connected with a full-time career.
However, the time has changed indeed!
Nowadays, technology affords us the ability to get the same job done, no matter where in the world we are. It has enabled us to be in contact with co-workers or clients at any time. Thanks to the internet, remote working opportunities are now abundant, spurring many new companies to successfully connect solopreneurs/freelancers to projects.
But the new trend that excites me and is growing exponentially is the area of remote work that’s not just for freelancers; but also for employees. What started as a practical choice for low-earning freelancers is rapidly becoming a conscious choice for skilled and educated professionals across all industries.
How to Succeed at your First Software Development Job UpGrad Blog
Not only the millennial workforce, but even the baby boomers are happily embracing this brave new lifestyle.
Kushagra Sharan’s journey towards Impacting Education

What’s causing this mass exodus from brick-and-mortar offices?
Thanks to new technologies, a physical office can now be replaced by a digital one; one which has enabled work environments that are much more flexible and customisable.
The typical 9-to-5 workday with its boardroom discussions, extended meetings and restricted cubicles is fast morphing into a flexible working arrangement where productivity and efficiency are the only office etiquette employers are demanding. Add to this freedom some interesting by-products such as creativity and innovation, and we have ourselves a winner.
Companies end up getting the best talent and saving on facilities costs. Many successful startups have already embraced remote work, and more and more companies are realizing that remote work isn’t just convenient – it’s often much more effective and breeds innovation.
Hence, remote work is no longer an exception to the rule, it is fast becoming the rule for many modern workplaces to attract and retain quality talent. Employees get to work on their terms (when they want, where they want), eliminating the hassle and expense of commuting.
It’s a true win-win.

There are several ways remote work is changing professional lifestyles:

Increase in Productivity

Imagine, you wear what you are the most comfortable in, sitting in your favourite spot and listening to music that will help you feel creative. People are more at ease in environments they choose. Regardless of whether you build and adorn a home office or go out to your most loved bistro, working in your happy place can give a massive boost to your productivity. Recent studies have shown that large organizations reported 15% higher productivity from employees working remotely as compared to their peers doing the same job from office.

Innovative Thinking

Raise your hand if you’d rather skip most of your office meetings!
Innovation demands autonomy and independent thought, unobstructed by other voices. And that’s why innovation doesn’t just happen in the boardroom, where one or two voices tend to dominate discussions and the rest are often muted.
Why I Quit a Fortune 500 Company for a Startup

That’s what Apple encourages. They ask every employee, no matter what designation; to do independent and creative thinking. Then, once they’ve developed an idea, they can call a small meeting with relevant people on to how to turn their idea into reality.
HubSpot recently released an infographic showing just how inefficient traditional meetings are in the U.S. :

  • Annually: $37 billion in wasted money 
    ● Daily: 25 million meetings 
    ● Overall: 15% of organizations’ time

As it turns out, meetings don’t actually encourage innovation.
Hence, by allowing workers to work remotely and to work flexible hours, as long as they meet deadlines, companies aren’t permitting laziness – they’re allowing autonomy. They’re telling the people they’ve hired that they trust them to do their job and to do it well.

Ads of upGrad blog

Less Stress

Working on your own time optimises your distribution of working hours plus you can time breaks well to do daily chores or to relax – allowing you to voluntarily extend the work day without any additional stress and on your own time. When you enable individuals to telecommute, you give them greater adaptability to work during the hours that they find to be most natural, and therefore they are less stressed and more effective.

Cost Saving

Interestingly, both the employer and the remote worker save on costs with this novel arrangement. While a recent survey of Global Workplace Analytics and Flex Jobs states the number at US$ 11,000 saved per employee p.a. for an organisation in the United States, the same survey attributed a saving of US$ 4,000 p.a. for the remote worker as well (savings on commuting to the office and other related costs). So, it truly is a win-win situation.

Higher Retention Rates

Employees who work remotely report consistently higher job satisfaction and company loyalty than on-site workers. The workers who telecommute have better work-life balance, lower stress level and higher productivity, which, in turn, reduces attrition rates by almost 25%. Worker retention is higher, HR costs are lower, and companies that allow for remote work, experience more growth.
What Does UpGrad’s Content Team Look for While Hiring?

The fact is that life gets dull and repetitive if you keep working in the same work environment every day. Workers of today are demanding more flexibility when it comes to working to break the monotony of their lives, and for once it’s beneficial for all parties. Companies can attract and retain the best talent while saving on facilities and other costs. Employees get to work on their terms, by eliminating the hassle of commuting and fixed hours.
This bold trend is here to stay.

Ads of upGrad blog

Risha Parashar

Blog Author
Risha Parashar is competent HR professional with almost 8 years experience in Talent Acquisition and HR Functions. Presently, she is a part of HR Team at UpGrad. Have previously worked with Accenture.
Get Free Consultation

Selectcaret down icon
Select Area of interestcaret down icon
Select Work Experiencecaret down icon
By clicking 'Submit' you Agree to  
UpGrad's Terms & Conditions

Our Popular MBA Course

Frequently Asked Questions (FAQs)

1 What are the essential tools for working from home?

There are several tools required for remote working. The tools may include a stable working Internet connection, a laptop or computer, a desk, a chair, printer, appropriate communication apps and software on your mobile and computer and more. All these tools assist in the smooth functioning of a company without employees coming to them every day. An Internet connection and a laptop are the most crucial tools from the ones mentioned above. Besides them, communication apps and software that assist you in communicating with other team members and holding meetings are required. The desk and chair are to create a professional working environment in your home.

2How fast is remote work growing?

Remote working is growing at an unprecedented pace. According to a survey done during the pandemic, around two-thirds of employees plan to shift to remote work by 2025. More than half of US companies provide the option to remotely work to retain the employees. In a study done in April 2021, around 90% of senior managers expect their employees to work remotely. Thus, remote work is on the rise and is expanding. Huge conglomerates are shifting the way they work to retain their employees and achieve higher productivity. The rise of remote working began during the pandemic and seems to have stayed after.

3What are the myths about remote working?

There have been certain myths about working remotely. It is a myth that remote working will block creativity and hamper your work as our creativity depends on our surroundings and our way of thinking. It is also a myth that it will not help in creating significant relationships because it can. It doesn’t matter if you’re interacting virtually, you can create a professional relationship with your co-workers. The above myths are just some of the misconceptions about it.

Explore Free Courses

Suggested Blogs

15 Most Popular Sales Interview Questions & Answers [For Freshers 2024]
Most sales interviews start with a question about you and end with one about the company. While it is not possible to predict every question in a sale
Read More

by Kamal Jacob

21 May 2024

Top 24 Commerce Project Topics & Ideas in 2024 [For Freshers]
In this article, you will learn the Top 24 Commerce Project Topics & Ideas. Take a glimpse below. Best 24 Commerce Project Ideas & Topics  Rea
Read More

by Sriram

20 May 2024

6 Trending Professional Courses after Graduation – Job Oriented
Which job is best after graduation? India hosts over 700 universities and more than 35,000 affiliated colleges enrolling more than 20 million student
Read More

by upGrad

19 May 2024

8 Best Career Options after BA: What to do After BA? [2024]
Summary: In this article, you will learn the 20 Exciting Software Development Project Ideas & Topics. Take a glimpse below. In this article, you
Read More

by Nitin Gurmukhani

16 May 2024

25 Best Career Options For Commerce Students [Trending Professional Courses in 2024]
Having cleared your tenth boards, you must have faced the impending question to select a particular stream. The inclination towards science will resul
Read More

by Nitin Gurmukhani

16 May 2024

Top 7 Guesstimate Interview Questions & Answers [For Freshers]
Summary In this article, you will learn about the 7 most common guesstimate interview questions & answers. Take a glimpse. 1. How many cups of te
Read More

by Akshay Suple

14 May 2024

35 Best Final Year Projects Ideas & Topics 2024 [Latest]
Summary: In this article, you will learn the 35 Exciting Final Year Projects Ideas & Topics 2024. Take a glimpse below. Python Final Year Project
Read More

by Rohit Sharma

10 May 2024

Top 15 Highest Paying Non-IT Jobs in India [2024]
Summary: In this Article, you will learn about top 15 highest paying Non-IT jobs in India. Highest paying Non-IT Jobs Salary per Annum Business
Read More

by Dilip Guru

16 Apr 2024

Top 10 Best Career Options for Science Students: Which Should You Select in 2024
Choosing a career stream or science line job is one of the most path-breaking moments of an individual’s life. It defines the future course of their p
Read More

by Dilip Guru

16 Apr 2024

Schedule 1:1 free counsellingTalk to Career Expert
footer sticky close icon