How Remote Work Can Help Bridge the Hiring Gap and Improve the Economy

From the onset, we were all sad, anxious, and exhausted from sheltering in place. But one thing that came out of it was the that working from home was actually productive. Not only is it productive but it can be a gamechanger when it comes to bridging the hiring gap and improving the economy.

Bridging the Hiring Gap

A slew of videoconferencing platforms, such as Zoom, Microsoft Teams, or Skype, have made remote collaboration easier than ever; no wonder, 42% of today’s workforce is engaged in remote work. These platforms also afford recruiters a chance to engage candidates remotely while also bridging the hiring gap—by bringing in more diverse talent.

Now, recruiters are presented with a larger pool of candidates to select the best talent. This means that candidates no longer need to live close to their workplace, talent in cities across the country and more rural areas are now on the table.

More Economic Perks

In addition to increased productivity, reduced demands for office space, and equipment use are also critical economic perks of remote work. This approach to hiring can dramatically slash overhead costs. Companies adopting remote work are saving on mortgage or rent, Wi-Fi, electricity, water expenses, among other costs. It is, therefore, economically sound for employers to expand their incentive programs directed at attracting job seekers looking to work off-site, and according to a recent survey conducted by Nexxt, 50% of job seekers are search for remote opportunities.

Remote work is a win-win for both sides of the aisle: while it can help employers save on overhead costs, it can also help employees save enormously on lunches, commuting costs, vehicle maintenance, among many others. Besides, it closes the gap between recruiters and a vast pool of talented candidates. It is also imperative to note that this approach to hiring contributes to increased job satisfaction and company loyalty, which, in turn, improves retention rates. You wouldn’t lose your trained and talented staff even if they were to relocate.