Working from home? You’re part of a rising trend

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A long time ago, men and women used to explore the world around them. Days were spent roaming, hunting for food and better shelters for a better life. Soon, they took bold and death defying adventures conquering continents, sailing the seven seas and traversing the remote corners of Earth.

And after centuries spent trekking, sailing and flying to break down barriers in this world, we eventually managed to chain ourselves to an office desk 5 days a week – the ultimate culmination of all our exploration. The irony is palpable, really.

But thankfully, times are changing.

Teleworking, or working from home, is gaining ground in Australia. More companies are allowing flexibility to their employees to work from home, or work away from the office. According to the latest MYOB monitor, where we surveyed over 1000 small to medium sized enterprises (SMEs), around 3 out of 5 say they have teleworkers to some extent.

The benefits have been fantastic. Workers are happier, productivity has increased while overheads have been reduced. Here are the top benefits polled:

Business benefits of teleworking technologies

 

Employees are happier

31%

Travel costs have been reduced

28%

Employees are more productive

27%

I can hire employees living in any location/s

17%

IT costs have been reduced

16%

Overall IT performance has been improved

15%

Business manager(s) is/are happier

13%

My business’s carbon footprint has been reduced

12%

Premises rental costs have been reduced

11%

The number of employee sick days has dropped

10%

I can attract higher quality staff

10%

IT issues have been reduced

9%

Other

12%

And it gets better. The survey also found that SMEs who practised teleworking had improved business results.

SMEs whose employees worked remotely most or all of the time were 24% more likely to experience a revenue rise in the past year. 21% experienced a rise, compared to 17% whose staff only worked from the office.

Meanwhile, 44% of the SMEs without teleworkers saw revenue fall last year, versus 30% of those whose staff teleworked most of the time.

Teleworking – mobile is the future

While email is still the most used technology when working away from the office, smartphones are fast catching up to laptop and computers, with 55% saying they use smartphones compared to 58% using laptop and computers.

Technologies used to assist teleworking

 

Email

66%

Laptop/computer

58%

Smartphone

55%

Instant messaging

25%

Telephone conferencing

19%

Security software / firewall

18%

Cloud computing services

11%

VOIP

9%

VPN (virtual private network)

7%

Router at the teleworker’s premises

6%

Video conferencing

6%

Other

6%

 

Mid sized businesses most likely to adopt teleworking

The survey also revealed that mid sized businesses and startups were most likely to use teleworking compared to others.

  • Medium sized businesses (78% versus 53% in micro businesses, which were the least likely)
  • Business, professional and property services (70% versus 35% in agribusiness, forestry and fishing)
  • Gen Y (69% versus 50% of Baby Boomers)
  • Start-up businesses (68% versus 47% of established businesses)
  • Metropolitan based businesses (67% versus 45% of their rural counterparts)
  • Western Australia (60% versus 54% in Queensland).

These are exciting times. At MYOB, we’re always striving to cater to your working needs, whether you are in the office, at home, or out and about doing your groceries. You get to choose how you work with our accounting software.

AccountRight Live Standard allows you this freedom – work on your PC, in the cloud or from multiple locations. Try AccountRight Live Standard free today.