Employers have long believed that well-being programs are one-dimensional, only focusing on health and offering rewards like on-site fitness centers, gym discounts, or a health program that promotes more movement.
Today, the concept of wellness has significantly broadened to encompass a variety of programs designed to actively improve social and emotional well-being as well as employee performance.
These include innovative programs for stress management, healthy eating, physical activity, mental health, and financial wellness.
To support these efforts, the culture and leadership practices must also change. The goal is to create a flexible workplace that allows employees to have the right work-life balance, and one of the answers is allowing remote work.
Why companies should allow remote work?
Before Covid, a lot of companies and managers fear that allowing their employees to work remotely would reduce productivity. Did their fear come true?
It takes a lot of time and effort to commute to the work area, meanwhile working remotely is completely hassle-free!
A survey conducted by Airtasker in March 2020 reveals that employees who worked from home avoided work less often(15% less), put in 1.4 more hours per week, and took more breaks. Additionally, a study by Stanford University and Great Place to Work found that working from home makes employees more productive and efficient.
The office environment in a business can be noisy and distracting for some people. For instance, if one worker is on the phone, it might cause others at the desk across from them to become disengaged.
Better work-life balance
For employees, remote work allows them to achieve a better work-life balance.
In other words, allowing employees to work remotely is not just a valuable perk or program to offer; it is also a vital component of a company’s overall well-being strategy, especially during these challenging times now when everyone is expected to show up to work every day at their best. It is a real win-win situation that improves business performance while allowing individuals to live contentedly.
Less office cost – save more money!
By allowing employees to work remotely, a company makes the most efficient use of its financial resources.
The business no longer requires sizable spaces filled with desks, laptops, and telephones because there are fewer employees in the office. Additionally, they might spend less on expenses like electricity, water, energy, property taxes, and other fixed costs that are wasteful and don’t directly benefit the business.
As a result of boosting remote work, the company may save a significant amount of money on corporate investments.
Instead, companies can invest that money in shaping their company culture by having a Team Retreat to gather all employees together onsite in dreamy locations once every quarter or so. Check out Midstay’s Team Retreat service to save the hassle of organizing your next Team Retreat, allowing you and your team to optimize their time during the retreat.
A priceless benefit: employee loyalty
In today’s world, people value flexibility.
Many of us have realized the significance of a flexible schedule during the covid pandemic.
The old way of working was not suitable for workers who have young children, elderly parents, or other family members. A flexible schedule gives one more freedom to spend time with and look after their immediate family.
According to studies, employees who must physically report to work are more likely to resign or look for other jobs that offer remote work.
The main goal is to give employees the freedom to balance their personal life and work. Such expressions of gratitude have an effect on employees’ loyalty to the business and boost output.
Furthermore, companies will save money on hiring costs due to a lower turnover.
Will you make the move?
Overall, a flexible work environment enhances the employees’ well-being and productivity.
It increases happiness and healthier workers are naturally more productive. Given the connection between flexible work and improved health, it should come as no surprise that the majority of those who work flexible hours agreed that it enhances their productivity.
For employers, this increase in productivity turns into a business strategy that benefits their company. It creates solid models with the intention of boosting well-being, productivity, and engagement. Companies that don’t think forward and stick to the old way of working won’t attract the best talents and will be left behind.
At Midstay, we fully support the flexible remote work culture.We enable companies to bring their employees to work remotely from dreamy locations (e.g. Bali) on their own or as a team. Allowing employees to have a better work-life balance and more leisure time.
Handprint, a forward-thinking Climate Tech startup based in Singapore has trusted Midstay to bring 30+ of their employees to Bali, as well as establish their popup office in a villa.
This results in:
- Their team members increased by 2,5x in productivity and engagement
- Their employee turnover was reduced by 1,5x.
- Their career page got 5x more views; as they communicated well on their great company culture.
- They used this as a convincing argument to hire their newest talents! Indeed, they succeeded to hire someone that was initially hunted by Google.
Interested in attracting and retaining talents while creating an amazing company culture?
Check out Midstay For Companies, or request your free quote for your next team retreat by filling in the form below: