More and more people are discovering the benefits of working from home. It used to be just stay-at-home moms who were looking for opportunities to work at home. Now more companies themselves are recognizing the value of letting their employees work remotely. Since 2005, the U.S. has seen a staggering 79.7% increase in the number of people who telecommute. Currently 3.3 million full-time professionals primarily work out of their home.
What Kind of People Are Successful Working From Home
Advantages to Companies
Companies who let their employees work remotely from their home report that they have reduced turnover in their businesses by 50%. This is because 73% of employees who work out of their home report a much higher level of satisfaction in their jobs. In addition, 2/3 of managers report that employees who switched from the office to working at home actually increased their productivity. This is because the distractions of co-workers in the office are gone. Finally, offices can save money on overhead when more employees are working at home. They need less office space, fewer desks, etc. One study estimated that businesses save an amazing $11,000 annually on each employee they allow to work at home.
When a 2013-2014 snowstorm closed Washington D.C. and federal employees were forced to work from their home for 4 days, the savings to the American taxpayer was staggering – an estimated $32 million.
Financial Benefits to Working From Home
Apart from the pay itself, there are numerous financial benefits to working from home.
- Save money on buying a professional wardrobe and dry cleaning expenses.
- Save money on commuting to work. You will save gas, wear and tear on your car, and parking fees if you drive. You will also save time and avoid the stress of a busy commute to and from work when the traffic is at it's peak. Avoiding the commute averages out to 1 extra hour of sleep each night.
- Save money on coffee and lunch expenses. In addition, 42% of people who work at home eat much healthier than they did going out for lunch each day when they were working in a office.
Health Benefits of Working From Home
In addition to eating healthier, 82% of people who work out of their home report lower stress levels than they had at the office. Stress breaks down your body and contributes to exhaustion. People who report high levels of stress get sick more often. 69% of people who work out of their home report fewer lost workdays due to illnesses. 45% report that they sleep better since they began working at home.