Business is good. Profits are up. Your in-office workforce is productive and, from the looks of it, generally happy. So why would you go remote as a company? After all, if it’s not broken, don’t fix it, right? Well, there are many reasons why a brick and mortar company might decide to become virtual.

Here’s why you should go remote as a company.

It’s much cheaper.

While it’s nice to have all of your employees in one space, where you can see them each and every day, all of that face time comes at a pretty high price. But if you let even just one of your employees work from home, you’re estimated to save, on average, about $11,000 annually. Those cost savings come in the form of office space, computer equipment, electricity, office supplies, and a lot more.

You can increase your workforce.

Your business is busting at the seams, growing at a rapid rate. While that’s a great thing, it can be cost prohibitive to hire new staffers, since then your office space will be busting at the seams, too. If your company goes remote, then you don’t have to worry about all of the office expenses related to each new hire (like the ones listed above). You can simply hire the employees that your company needs in order to take it to the next level, without it negatively impacting your bottom line.

You can expand.

Your company has an amazing opportunity to expand into a new region—but you don’t have offices in that area. Or staff. Or even a manager to oversee operations. When you set up your company to work virtually, there are virtually no limits to the places that you can venture into! You will no longer be restricted by geographic locations, which means that your company can grow as quickly as you want it to—and wherever you want it to.

You can become (more) eco-friendly.

Right now, your office follows the three R’s—reduce, reuse, recycle. But, it’s still an office, which means that you’re consuming large quantities of electricity, have deluxe-sized office equipment, such as printers and scanners, and are probably also printing out far more reams of paper than you need to be. Employees who telecommute use far less natural resources, saving the environment from greenhouse gases and carbon emissions, making for a much more eco-friendly organization. A virtual workforce reduces its carbon footprint by an estimated truly is a green workforce!

You can get the best workforce.

When you have a centralized office, you can only hire employees who can commute into that office. That means that your hiring pool is significantly decreased due to location. When you plan to hire remote workers, you truly can recruit top tier talent from anywhere in the world, since the employee’s location doesn’t matter. In addition to finding the most qualified candidates, you can also create a more diversified workforce, consisting of people with disabilities, those who live in rural areas, military spouses, and others who are qualified for the job but, depending on their particular set of circumstances, need to find a telecommuting job.

And you’ll have a happier workforce.

Not only does going remote make for a more qualified and diversified workforce, but it makes for a happier one, too. Remote workers are reportedly more productive than their in-office colleagues. Plus, being able to control their schedule gives them greater work-life balance. When your workers are in balance, there is less employee turnover, which can be quite costly for an employer. And happy workers are more loyal to the company, making them truly invested in seeing the organization grow and thrive!

A company might decide to go remote for any number of reasons. So consider going remote—a greater talent pool, tremendous cost savings, a more productive workforce, a greener way to work, and seeing your company exceed expectations are all within reach.