Home-based jobs have steadily increased in popularity over the past five years. With the advances technology has made, the clamour for more work-from-home opportunities arises.
Let us take a closer look at the benefits one can get from working from home.
Huge Savings for Both Employer and Employee
One of the most significant advantages of working from home is the huge amount of savings it brings. While it may be true that not all home-based jobs have employee benefits, both the employer and employee can look forward to bigger savings in the bank.
The amount saved on transportation costs alone sets you up for bigger take-home pay, some of which can be diverted to voluntary employee benefits providers in the UK. According to a study, folks who work remotely in Los Angeles save at least $555 (about £450) annually.
Those who work remotely 50% of the time get to save at least $278, which is roughly £225. Savings on clothing expenses, food purchases, and office space expenditures also add up to money in the bank.
Getting the Right People for the Job
Let’s face it; not everyone in your immediate vicinity is a perfect fit for specific jobs. Technology has allowed for businesses to employ more qualified candidates overseas without having to bring them over.
Messaging apps like Slack and Skype allow for one to interact directly with colleagues all over the world. It’s like having the feel of an office without leaving the comfort of your home.
One of the perks of working from home is enjoying certain tax benefits regular employees don’t have. Some tax write-offs include services, equipment, supplies, home office usage, and even car expenses when applicable.
When you’re running a home business, you can write off your expenditures first and then pay off taxes on net income. It is best to consult a tax expert on this matter.
Time Freedom and Flexibility
A huge chunk of your time is spent on the road going to and from work. Working from home will cut down all that wasted time in a day. The average rail commute in the UK as of November 2018 is 2 hours and 11 minutes daily.
Working from home allows you to maximise all that wasted time. You can use that time to be with your family or other personal pursuits. It also allows you to go to important appointments like a doctor’s appointment or a dental check-up. This gives you a better handle on your health.
Greater Opportunity for Growth
A home-based business gives the owner better opportunities for growth and income. It increases your productivity and lessens the amount of stress you deal with daily. Remote working also gives better financial returns, especially for families.
If the husband is away at work, a stay-at-home wife can get an online job she can do at home and add to their household income. Employee retention is also higher with companies that offer work-from-home programs. It helps you manage a healthier work-life balance.
Because the need to be confined at an office from 9 to 5 is eliminated, you now have time to hit the gym, do errands, and attend to other important household affairs. These short breaks enable you to regain your focus when you get back to work.
There are several more advantages to this type of employment set-up. With the way things are going right now, with how technology keeps advancing, remote working is geared to be the future of employment.