Is It Time To Get Your Employees To Work From Home?

Just two days ago, our blog noted that the Public Health Agency of Canada had confirmed 320 cases of coronavirus in our country. A day later, that number more than doubled. The last thing in the world the Synergy Merchants team wishes to do is increase a sense of panic amongst the public. However, it’s only prudent that we pass along our encouragement for everyone to do their part in helping to prevent the spread of infection.

Undoubtedly, you’re already well aware that you should wash your hands, sanitize your surfaces, cover your mouth when you cough or sneeze and practice social distancing. For many business professionals, however, that last one is hard to adhere to. How can one keep his/her distance when at work every day? Perhaps, the only answer is to get your employees to work from home. Doing so has many benefits.

It significantly reduces stress.

When you allow your employees to work from home, they will automatically have the burden of having to commute to work every day lifted from their shoulders. Morning commutes aare stressful during normal times. But as we battle with the COVID-19 crisis, being on a crowded bus is cause for major concern. Furthermore, as Ashley Stahl points out on Forbes.com, being confined to an office can be stressful in and of itself.

“When polled on stress levels, a whopping 82% of workers who telecommute said that they experience less stress,” she reveals, “Stress can impact your quality of life well beyond your job, so any opportunity you have to reduce the amount of stress you feel during the day is not only good for you and your employer, but more importantly, your overall health.”

It saves your company thousands of dollars.

As reported by Finn Faldi on Entrepreneur.com, each remote worker saves their employer an average of $10,000 a year on workspace and related expenses. Think about it. You don’t have to continue providing a desk, a phone or a computer to a remote worker. So that cuts down on the costs for everything from office supplies to electricity. Stahl highlights the fact that, these days, large offices are simply unnecessary.

“While this isn’t true for all workspaces, in businesses where most communication is done by email and phone, it is a no-brainer,” she writes, “American Express, for example, started their BlueWork program and not only experienced increased employee productivity, but also saved between $10 to $15 million in annual real estate costs.”

You can hire talent from anywhere in the world.

When you enable your staff to work from home, you can completely change your recruitment process. No longer are you limited to talent that lives in or close to the area where your place of business is located.

As Faldi notes, “employers can tap into talent anywhere around the world since their workforce isn’t location-dependent. Diversity — which many companies regard as an asset to their workforce — can also grow more easily.”

Would you need some financial assistance to get the ball rolling on having your employees work from home? Get information about Synergy Merchants’ unique merchant cash advance program by calling us at 1-877-718-2026 or emailing us at info@synergymerchants.com. You can also apply online for a free, no obligation quote!