When recruiting, posting a remote job opens up a wider field of qualified applicants. A recent survey by Staples reported that 71% of people think remote working is a major benefit when considering a new job. Remote and hybrid-remote companies can position themselves as more attractive places to work and recruit stronger candidates.
Here are four ways having a remote work environment can help you find the best candidate for your job:
1. Remote working is a valuable perk.
“Work-life balance” is often cited as a top reason for wanting to work remotely. People are less willing to endure long commutes or stressful workplaces. Remote employees feel more in control of their day because they can determine where and when they work. If a personal emergency occurs, they can accommodate it. Flexibility has a monetary value for some people. In the Staples survey, 10% of respondents said they would take a salary cut to be able to continue working remotely.
2. New hires don’t have to uproot their families.
Remote workplaces have a recruiting advantage because they can conduct a national or even international search. Many candidates’ primary restrictions in their job hunts are geographic; family obligations or spouses’ jobs can impact their search area. A qualified candidate who cannot or will not relocate has a limited number of options. A company that offers remote working provides a unique solution to location-bound candidates.
3. Companies don’t have to negotiate relocation packages.
According to one study, it can cost up to $97,000 to transfer a homeowner and $24,000 to transfer a renter to a new city. Remote workers don’t need relocation packages because they aren’t going anywhere. Eliminating relocation costs also evens the playing field so that you hire the best (not just the cheapest or closest) candidate.
4. Employee retention saves money.
Turnover is expensive for many reasons. You have downtime when no one is in a position. Hours are lost reviewing resumes and in interviews. Onboarding can take months. Once you have the right people on the job, it benefits your company to retain them. Remote workers usually report higher levels of job satisfaction. Satisfied workers are less likely to move on to another company. Fewer workers that move on results in money saved.
Do you think remote working can attract new employees? Let us know in the comments below.