Introduction to remote workers
Remote workers are employees that work away from a traditional office setting for some or all of their time.
Regardless of the frequency, remote work is fast becoming the new norm. In fact, around 62% of workers perform some kind of remote work, according to Owl Labs’ 2019 State of Remote Work Report.
Yet, mention remote work and many people still visualize a dream sequence with a hammock and a mocktail. In reality, remote workers are found in every industry and across many types of roles, including the senior positions.
Remote workers include:
- Employees working from home some/all of the time
- Employees working from another country – either at home, a co-working space or even a coffee shop
How are remote workers good for business?
There are multiple advantages for having remote employees, that aren’t always apparent. Some of the long-term benefits include;
Around 58% of employees felt they would be more motivated if they were able to work remotely, according to Powwownow’s 2017 Flexible working statistics.
Benefits ‘whole package’
More than a third of US employees would happily take a pay cut of 5% or more in order to work remotely, Owl Labs found. This promotes benefit packages that aren’t entirely salary dependant.
Those working remotely are less likely to leave their employers than their on-site only counterparts.
Global expansion made easy
Hiring a handful of remote workers interntationally allows a company to work across borders and time zones, which is perfect for creating an ‘always-on’ workforce for a globally-minded company.
Lower operational costs
The lack of a formal office significantly reduces overheads, so remote working introduces substantial savings without even factoring in the lower costs of hiring in countries with smaller salary expectations.
Are overseas remote workers compliant?
With the many benefits that remote workers bring, it’s understandable that companies rush to hire remotely – especially overseas where the cost may be low and opportunities high.
While hiring overseas brings high reward, it can also be high risk, so many are now turning to specialist companies – such as Employers of Record (EOR) to remove any risk associated with compliant hiring – especially for a company that lacks a local entity.
This is made possible by using an EOR to hire an employee on behalf of the company. The EOR uses its local entity to be entirely responsible for any local HR or tax laws, which allows the company to concentrate on their new hires and new country strategy. This revolutionary approach enables a company to employ at-will for long- and short-term projects and removes the cost, time and stress associated with global expansion.
So, whether employees are working from home or from a coffee shop in Costa Rica, companies are reaping the rewards of remote hires. Whether a business needs to hire an international team or simply a few digital nomads, it’s worth consulting with professional Employers of Record to simplify expansion while ensuring full compliance – anywhere in the world.
About Elements Global Services:
Elements Global Services is an award-winning HR technology & services company. Elements provides employment solutions in over 160 countries – covering everything from payroll, benefits, HR, local compliance to visa & mobility. Headquartered in Barcelona, Spain, Elements has a global network of offices and employees delivering innovative solutions to its growing customer base. Elements’ Direct Employer of Record model helps companies expand, onboard, manage & pay employees worldwide. Visit elementsgs.com or LinkedIn for more information.