The buzz around hiring employees remotely and remote working is growing, as companies seek to gain a competitive advantage when it comes to hiring and retaining the best talent. Hiring remote employees can benefit your organisation by bringing in skills that are scarce in your location. In turn, remote work helps employees by offering the option to pursue the job they want without employee relocation. Given the rapidly increasing cost of living in many cities, combined with new technologies that make teleworking easier, it is hoped that this trend will continue to grow in the coming years. Even the World Economic Forum has cited flexibility in the workplace as a critical issue for the future of work.

 

Here are five big reasons companies should consider hiring hidden talent in 2021:

 

1. Increases talent options: Remote work increases the size of your talent pool, so you can be sure to have the best team, regardless of where they are. Working remotely increases your talent pool to ensure you have the best team possible wherever they are. Moving away gives companies access to a global world of potential employees, making them more likely to land great hires. Instead of focusing on one candidate who qualifies for the job, you can find someone who shares your company values ​​and stands out when hired.

 

2. Enhances culture: The remote culture is very different from office-based companies. In many ways, its culture may be healthier and more robust than those with on-site locations. Good small work culture is based on effective communication and a positive attitude towards one’s colleagues. You can have that in a small team, but it takes some work. With adequate tools for virtual communication, clarifying the company’s mission, and various incentives, the management can support ongoing collaboration.

 

3. Increases employee allegiance and retention: Remote workers are more loyal to their employers than domestic workers. For some companies, loyalty seems unimportant. However, replacing an unhappy employee can be very costly, especially during project implementation, especially if the employee is productive and competent. Having loyal employees saves you the hiring and training, and education costs associated with the company and helps you earn money from other team members.

 

4. Improves diversity: Breaking down geographic barriers allows for a more diverse team. Countless studies confirm that a mix of backgrounds leads to business success. A blend of backgrounds tends to derive more original and objective perspectives as they help with problem-solving. On top of that, a more diverse workforce tends to attract more varied clients. Finally, diverse workforces have a halo effect of attracting similarly skilled workers who also want to work for enlightened companies.

 

5. Reduced overhead costs:Project cost overruns can be avoided in many ways, including lowering resource costs. A survey revealed that almost 44% of employees would accept a 10% decrease in pay if they could work from home. Hiring remote talent – even top talent – can reduce overhead such as office space, utilities, computing equipment, software, furniture, and other directly related costs that are direct bottom-line benefits. Offering employees remote work options is a smart move for companies looking to attract top talent. It helps employees experience better work-life balance and job satisfaction, thus ultimately reducing bottom-line costs.

 

A survey showed that nearly 30% of employees would receive a pay cut if they could work. Providing employees with the opportunity to work remotely is a smart move for companies looking to attract the best talent. This helps employees achieve better work-life balance and job satisfaction, which helps increase loyalty and retention and ultimately reduces bottom-line costs.

 

Author Bio:

Kelly Barcelos
Kelly Barcelos is a progressive digital marketing manager specializing in HR and is responsible for leading Jobsoid’s content and social media team. When Kelly is not building campaigns, she is busy creating content and preparing PR topics. She started with Jobsoid as a social media strategist and eventually took over the entire digital marketing team with her innovative approach and technical expertise.