Building a remote team reduces demand for office space, cutting office overheads. BT found that its Workstyle project promoting remote and flexible working helped the company to reduce its office footprint from “around 1.9 million square metres to 743,000 square metres between 1993 and to 2006.”
“At BT, flexible working is business as usual. Already seven out of 10 people work flexibly and nearly 10% are homebased. It has saved the company millions in terms of increased productivity and cut costs. It has also motivated our people and released more potential.” Sir Christopher Bland, Chairman, BT Group, in Flexible Working: Can Your Company Compete Without It?
Remote working doesn’t have to mean home-based working. A growing number of companies use shared coworking spaces to provide hot-desking and meeting rooms for remote staff – as well as a ready-made community of coworkers.
Depending on where they are located, remote hires could also help you to control salary costs, by cutting the need for expensive ‘city weightings.’