Work has changed! Remote work is growing increasingly popular around the world, and technology in the hands of today’s young workers is pushing this trend. data from Upwork’s Future Workforce Report 2019, suggests that millennials and Generation Z thus, employees born after 1996 will account for 58% of the global workforce by 2028, and 73% of all departments will use remote workers.
The statistics above prove that remote work is here to stay! While it is much easier to understand why more employees may opt to work remotely in the near future, with concerns about its suitability for their various business needs, and the challenge of having to transition their entire hiring processes to an online experience has made some employers hesitant in hiring a remote workforce.
For organizations currently debating whether or not to embark on this journey, this article will outline four reasons why, despite the hurdles, remote hiring, when done effectively and efficiently, is the best option for assuring your company’s long-term viability.
Let us first understand what we mean by remote hiring
The technology-enabled process of identifying, attracting, screening, shortlisting, interviewing, and employing remote candidates to fill openings within your organization is known as remote hiring. The main distinction between regular and remote recruiting is that the new employee will be working outside of the office. They could work from home, in co-working facilities, or even reside in another country. It is very possible that the employing organization and the remote employee will never meet face to face, especially if the remote employee is based in another country.
Five reasons why companies should consider remote hiring
It’s not like remote hiring is a new concept in the industry; it has been around for a while, and many businesses have long maintained robust telecommuter networks. With millennials now accounting for the majority of the global workforce, many businesses are realizing that remote hiring is the way of the future and that there are numerous advantages to reaping the rewards. Let’s look at a few of these advantages.
- Access to a wider and more diversified talent pool – Remote hiring gives you a chance to hire more talented individuals even if they are from the other side of the continent. Meanwhile, office employees are limited to the talent you can source within the local area where the office is located or you have to pay relocation expenses. For companies who are not located in big cities, this means the number of talented individuals you can hire is much lower and you have a hard time competing for those candidates that enjoy the big city life. Consider how the “millennial effect” is shaping the rise in remote working.
- More so, remote hiring provides companies with substantial potential to establish a more inviting work atmosphere for individuals who have struggled in the past. New parents, especially single parents, typically struggle to return to work after a baby is born or adopted, and remote working can open the workplace to a number of previously underrepresented populations. Women, disabled job applicants who have difficulty commuting and navigating an office setting, and so on.
Your company can give such extraordinary people a voice through remote hiring.
- Reduces costs – Remote hiring also has a lot of financial advantages, such as saving money on things like electricity, office space, food, beverages, office supplies, internet connection, equipment, and so on. For instance, during economic downturns, office lease rent payments can add up quickly. Other overhead costs, such as workers’ compensation insurance, furniture, cleaners, and office supplies, add to the expenses. These may appear insignificant when considered individually, but when added together, they can foot a hefty bill. Another significant advantage would be the ability to avoid the costs associated
with traditional hiring methods.
- Reduces employee turnover – Those who are thinking long-term benefit most from remote hiring. If you want your new team members to stick around for more than a year or two, remote recruiting offers at least one key benefit: less commuting. Employee job satisfaction is influenced by their commute. More than half of all employees say they would change jobs if they could find a similar job with a shorter commute. What better way to get from your bedroom to your home office?
- Creates convenience & Saves time – Recruiters were expected to meet with prospects in person prior to the breakout of this infection and conduct interviews accordingly. Interviews and other recruitment tactics don’t have to wait on corresponding schedules or even geographical locations now that remote work has become the “new normal.”
It is time to hire your ideal remote employee!
Now that you have learned about the advantages of remote hiring it is time to get started. Although remote hiring may have its own challenges, it is well worth the effort. With the right tools in place, proper planning, preparedness, and a backup plan, you can complete the hiring process with little or no stress.
With that said, are you making your first foray into the world of remote hiring?
Why don’t you enlist the support of a team to make the process more enjoyable, and use existing tech solutions to streamline the tough processes?
Allow us to take care of the difficult stuff so you can get back to business as usual.
Feel free to send us a message with all your remote staffing needs!
