Study after study shows how millennials balk at the traditional 9-5 punch-in job that requires them to be in an office all day. Technology is on their side, enabling them to work remotely for a company who values output (no matter where it originates) over sitting in an office chair.
According to a study by FreshBooks, a cloud- based accounting company, the number of freelance and remote workers is set to triple by the year 2020.
Clearly it's time to embrace the remote hiring movement if you are looking to hire the future workforce.
Need more reasons?
Remote Hiring increases your candidate pool exponentially.
It allows you to tap into underrepresented people across all different industries. Our company's passion is helping companies hire women in fields where women are traditionally represented inadequately. By not allowing geography and timezone to dictate your hiring process, you're opening up your candidate search to include more people and drill down on the things that matter - like skills, work ethic and ambition. These are the key components to growing your business.
Hiring a remote team will lower turnover.
A study from the Center for American Progress found that turnover across all different salary levels cost a company 21 percent of that employee's annual salary, on average. It's even higher for highly skilled employees. Work-from-home jobs give people a sense of control over their work/life balance; a key benefit younger employees seek when applying for a job. According to the State of Remote Work report done by OwlLab, companies who encourage remote work experienced a 25 percent lower turnover than companies who did not support remote work. Check out Buffer, a fully remote company that boasts a 91% retention rate.
Working with a remote team increases productivity and decreases friction between co-workers.
According to a study done by the University of Illinois, they found teams that work from home and telecommute are better at staying on task and contributing to the team to create a positive work environment.
Simply put, remote work environments are becoming the norm and for good reason. It opens the talent pool you have to choose from. In fact, it's one of the top searched terms on PowerToFly. Hiring remotely increases profit by decreasing the expense of employee turnover and increases productivity of your team. So as a hiring manager, what is holding you back from hiring a remote team?
For the boss you loved, the coworker you hated, and everyone in between
Two things are inevitable when someone leaves your team at work: there will be an abundance of sweet treats (I'm partial to those giant cookie cakes from the mall) and there will be a card passed around for everyone to scrawl the professional version of sweet nothings in. Depending on the "importance" of the person, you may get the bonus activities of farewell gifts and/or an all-team champagne toast.
If you are a New York based tech professional and you'd like to attend this event, please email your name and LinkedIn URL to firstname.lastname@example.org.
Whether you are a software engineer, fitness enthusiast or both, you won't want to miss PowerToFly's evening of product demos and networking with the women tech leaders and allies at Peloton.
Founded in 2012, Peloton brought top talent together in its Silicon Alley headquarters to create a new concept in fitness. In their words, "We loved cycling but had a hard time finding a workout that consistently fit our schedules, and our at-home workouts never felt quite up to par. So, we set out to create a world-class indoor cycling studio experience on your time, and in the comfort of your own home."
This event is your chance to hear directly from the women tech leaders and allies who make their revolutionary products like the Peloton Bike, Peloton Tread and Peloton App possible. We'll be devoting a large portion of the event to taking your questions and I know the Peloton team wants to hear from you!
The unique evening will take place on Wednesday, February 12th from 6pm to 8:30pm at 125 W 25th Street.
There's a lot more to building an inclusive company than just hiring more people from diverse backgrounds. So, how can you build an inclusive culture that will help you attract and retain a diverse group of employees?