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Could Hiring Remote Workers be the Solution to Your Recruitment Needs?

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With technology on our side, the days of 9-to-5 are over and the workplace has been re-engineered. Some of the best talent is seeking a more flexible way of working, and employers have no choice but to adapt.

The use of remote workers also referred to as virtual employees, is on the rise in the UK.

Flexi-time has increased by 12.35 per cent from 2012 – 2016 (ONS) and last year, the Trade Union Congress found that the amount of people remote working has increased by nearly a quarter of a million (241,000) over a decade.

A survey of business owners (by Virgin Media Business) recently predicted that 60% of employees will regularly work from home by 2022. A separate survey by Office Angels found that a third of employees think commuting will be unheard of by 2036. Some major tech companies are already adapting to these changes. In 2017, Amazon announced it would be hiring 5,000 remote workers by year end and Apple recently posted a job advertisement seeking employees for work-from-home positions.

So, what’s holding us back from also embracing the future? After all, companies located in places such as the Isle of Man are struggling to fill roles due to an “ageing population and an extremely low unemployment rate.” Could hiring remote workers be the answer to your recruitment needs?

How does this affect the Isle of Man?

The skills shortage on the Isle of Man is a widely known and discussed issue, particularly within the I.T. and gaming sectors. In fact, the average role can sometimes take between 3 to 6 months to fill.

Within that time, you’re investing vast amounts of time and money into recruitment.

What if you could reduce your recruitment costs and reduce the longer-term effects that this has on the rest of the team?

The below figures were taken from the 2018 Isle of Man Chamber of Commerce ‘skills shortage’ survey, of 105 members:

  • 70% of the respondents anticipate difficulty in recruiting over the next 12 months.
  • 56% are un-sure as to whether they will be able to source candidates locally.
  • 74% have experienced difficulty recruiting over the past 6-12 months and the top two main reasons are down to lack of available candidates and lack of experience.
  • In relation to recruiting off Island, 69% of respondents have taken on off-Island candidates, but 58% have found difficulty when trying to recruit off-Island.

Part of Ascentiom’s offering is a global outlook. This includes off-island resourcing but sometimes even we find that convincing the best talent to relocate to the Isle of Man can be hard, and for some candidates, it simply isn’t an option. It’s a shame to let these candidates slip through the net when we know that they would be a perfect fit for the companies we work with.

Benefiting the employer.

There is strong evidence to support the opinion that remote workers benefit companies.

Higher productivity at the enterprise level, higher retention, access to a larger talent pool, and cost savings have been widely documented; for example, networking hardware company Cisco estimates that remote working saves the company $277 million annually in productivity!

In a recent Global Workplace Analytics survey, 53% of remote workers stated they were likely to work overtime, while only 28% of their in-office counterparts suggested they would do the same.

Working from home can insulate an employee from the daily distractions that take place in an office; they aren’t barraged with impromptu meeting requests or idle chats from colleagues. They can focus on the task at hand without distraction.

Here we have listed some key financial considerations of the employer to demonstrate the benefits of hiring remote workers:

PERMANENT RELOCATION

REMOTE WORKER

Recruitment time

3 – 6 months

1 – 3 weeks

Salary

Annual Salary of £50k (Based on a senior level software role) + recruitment costs (time/marketing/agency)

A day rate of £400. 200 days a year = £80,000

Benefits, pension (approximately 20% of base salary)

No benefits scheme/pension

Interviewing

Return flight from London booked two weeks in advance - £300

Similar or Non-depending

Hotel – £60

Taxis – £50

Relocation

Average relocations costs for a family of four to the Isle of Man. £7,000 – 10,000

Non-applicable

First 3 month’s rent on a property

Office costs

Space, equipment, training. £2000

Tend to have their own equipment but the hiring company may want to provide additional software

National Insurance

£6000

Non-applicable

Recruitment costs

Variable on availability

Total

78 – 80k

80k + flexibility

Other elements to consider

Access to a larger talent pool

Limited to geographical location, settle for training or the best alternative

Have exact requirements met

New perspectives

A well run international team brings new perspectives, ideas and innovation

Failed hires risk

Further recruitment costs. Contractual agreements and employment logistics.

Non-applicable

Flexibility

Hired permanently and relocated for this role.

Set targets and deliverables within employment contracts with the ability to turn off and on within reason/contract

Employ a higher number of part time employees

Of course, not all workers will work best from home, so one of the keys to a successful remote work organisation is the ability to hire the right people.

How can Ascentiom help?

We decided that rather than to rule out highly skilled candidates who do not want to relocate, we would partner with them so that we can deliver a wider pool of talent to companies on the Isle of Man and help fill the skills shortage gap.

Ascentiom is structuring alliances with a pool of highly skilled I.T. Software Professionals, located in both the UK and Ireland. These candidates are available for contract hire; to fill a temporary need in your Organisation, to assist with a one-time project or to become a permanent employee of your new working model.

At Ascentiom we’re passionate about delivering talent that you can rely upon.

We pre-screen our candidates (in person/remotely), pre-interview (using bespoke question banks), give you access to these screening interviews prior to final interviews, and we even approve the quality of the candidates’ Home Office set up.

Contact the team today to discuss your recruitment needs.

*Note: these candidates will not relocate at this time, they purely work on a contracting/permanent basis, however, they are open to using your equipment or traveling when needed for meetings, team building and interview days.


Ascentiom is licensed as an employment agency by the Isle of Man's Department of Enterprise, agency number 235.

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