With the rise of the remote workforce, employers are increasingly concerned with employee housing. Many employers want to help their employees find affordable housing near work sites but need help figuring out where to turn. They also need more time to learn about the process and figure out how to make it happen. This can cause problems for employers and employees who need affordable housing solutions.
The best way to address the issue of workforce housing is to educate employers on what they can do. Fortunately, some companies specialize in helping employers and employees find affordable housing near work sites. These companies hire local property managers who know the area and are familiar with the market. They also have relationships with local real estate agents who can help find suitable rental properties for their clients.
Here are seven reasons why employers should care about remote workforce housing:
1. For Attracting And Retaining Talent
Employers need to care about employee housing because it’s important for their goals. This is especially true when competing for talent against other companies that offer perks like free housing or remote workforce accommodations. Suppose an employer provides housing as a perk. In that case, they may attract and retain more talented employees than their competitors who don’t offer this benefit.
2. Saves Money On Employee Transportation
Employers can save money on employee transportation. One of the most considerable costs of hiring a new employee is their salary, which is why companies often look at the cost of living when considering relocating their workers to a new city. When employers provide housing as part of their compensation packages, employees don’t need to worry about paying for gas or other expenses related to commuting. They can go to work quickly and cheaply every day without any additional burden on their time or budget.
3. Saves Employees’ Travel Time To Work
Employee travel time is a valuable resource that employers can use more efficiently. Employees who live on-site can spend less time each day traveling back and forth between their homes and places of work. Instead, they can use those hours for additional training or personal development. Employers can also benefit from this saved time because it means more efficient operations for their companies.
4. Employee Wellness Program
Employee wellness programs are essential for many companies since they can help reduce healthcare costs and increase productivity. When employees are healthy, they are more likely to be able to work more productively and take less time off from work due to illness or injury. Living on-site can help improve employee wellness by providing a safe environment where they feel safe and comfortable.
5. Employees Are Happier And More Productive
Employees who live on-site are happier and more productive. They have a greater sense of belonging to their company and feel valued by their employer, making it easier for them to go above and beyond what is expected of them. This positive atmosphere can be contagious, as benefits extend beyond just one person or group to the entire workplace.
6. Fewer Needs For Company’s Perks
Many companies offer perks to their employees to attract and retain talent. These perks are expensive but necessary because employees need something to compensate for their time and labor. When employees live on-site, however, they don’t need as many perks because they have everything they need right at their fingertips. This can save on company money that would have been allocated to food or discounted gym memberships for its staff.
7. Strengthens Corporate Culture
Living on-site can be advantageous to the working environment in several ways. Employees can spend more time with their colleagues, which helps strengthen the corporate culture. Employees who live on-site are often more invested in their jobs because they have a stake in them; they will therefore work harder and more efficiently. The company will also enjoy less absenteeism, as employees are more likely to come to work when they don’t have to worry about commuting or caring for their families.
When deciding whether or not to have employees live on-site, it is essential to weigh the advantages and disadvantages of this decision. Employees who live on-site are likely happier and more productive because they don’t have to worry about the cost and time of commuting. In addition, when employers care about providing safe and comfortable housing for their employees, they are more likely to feel a sense of responsibility toward them as human beings. This can increase loyalty and dedication among workers.