Two-thirds of SMEs utilising remote working practices

Monday 4 July 2016

A new study has shown that two-thirds of small and medium-sized enterprises (SMEs) are using remote working to help boost their business.

The research, conducted by Nimvelo, found that many companies of this size are choosing to forgo the traditional office environment in favour of encouraging their employees to work from home.

There are various benefits to allowing employees to work from wherever they please, with studies suggesting that it can boost productivity and morale. However, one of the main drivers for small companies was that it allowed them to increase their profits and gave them more money to reinvest in the business.

Even for small companies, consulting a professional accountancy service can help to identify areas where profits could be increased, as well as dealing with tax affairs and complying with HMRC.

Another key benefit of remote working is that it can help reduce the amount of distractions employees have to contend with throughout the day. Office spaces can be damaging to productivity with more people around, as well as various noises such as phones ringing and meetings taking place.

Smaller firms are also looking at other ways of saving money by using a non-traditional working environment aside from not having to fork out a considerable amount to rent office space each month.

The survey found that 70 per cent of SMEs included in the research used a VoIP telephone system instead of traditional landlines to further boost their savings.

Charles Chance, Nimvelo’s founder, said infrastructure costs are becoming increasingly expensive for UK businesses.

He said: "In our own business, we’ve found that using remote software tools to establish remote ways of working has lowered our overheads and allowed us to invest more into improving the quality of our service."

Cost savings from remote working could help small businesses to grow their brand, while also improving the morale of their employees.

By Victoria McDonnell

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