In a digitally-driven era, business activity in most organizations will share a common feature: increasingly the work will be done remotely. With the rise of the internet and knowledge-intensive services, more businesses than ever before are adopting remote work as their main way of functioning. But why is remote work the future? Here, we find out.
Since the coronavirus pandemic hit and halted the world, a large number of organizations have been forced to go remote overnight. That said, organizations still view remote work with skepticism – as a temporary bump on the road. This calls for a deeper look into why remote is the future of work. It also means looking for what opportunities it presents for organizations to improve their ways of functioning and finding ways to maximise those opportunities, and minimise the struggles companies face with remote arrangements.
The Rise of Remote Work
The concept of work from home has been around for years. A decade ago, remote work was perceived as a job only for telemarketers, customer support service providers, and graphic designers. But the recent global technological disruption has allowed businesses from all industries to reconsider remote employment as the new norm.
Worldwide internet evolution has opened gateways to more opportunities for employees to work remotely from any part of the world. The access to digital tools, flexible working hours, and freedom of mobility has ushered the world towards remote working.
In the past couple of years, the global remote workforce has multiplied at a remarkable rate. Professionals like software developers, content creators, journalists, among others, now work remotely by default.
This has led many to realize the optionality of a traditional brick-and-mortar office space. An increasing number of businesses have started to choose the remote work model, especially start-ups and small businesses. These businesses also find remote employment a great incentive to save on office space.
Universal Reasons Why Remote Work Is The Future
In the past, remote work was deemed as an incentive rather than a norm. A large number of employers believed that working from home would reduce productivity and increase distractions for their employees. However, numerous studies conducted across the globe have proven that companies have realized why remote work is the future. They have also understood who they benefit from this unconventional arrangement in numerous ways.
The most common advantage for companies is the reduction in operational costs. Remote work has also eliminated the need to rent or buy an office space and reduced expenses relating to work-related travel.
Remotely working employees are less likely to take day-offs from work as compared to employees. This is because employees who have to commute long distances to reach their workspace tend to take more leave days. Work from home gives more mobility and advantage of time management, reducing the overall rate of absences.
Better Employee Retention
Flexibility and freedom to choose their work hours allow employees to stay at their current jobs. Retention rates are higher with remote work. Businesses experience a higher growth rate when they give their employees the space to work without constant surveillance.
Employees with more freedom and better work-life balance tend to work harder for their company. They move towards a common goal for the organization’s success. As per a report, 55% of Australians said that their productivity increased slightly or significantly when they started remote work.
Larger Talent Tank
The employers that rely on traditional work methods are restricted to their geographical radius when it comes to hiring. Companies that choose remote working have access to a large pool of talent to hire professionals from across the world. Employers are able to leverage more business opportunities when they hire employees remotely. This is because it opens prospects for the business to expand more easily in the future.
Why Remote Work Is The Future: Tips for Businesses
Work efficiency and productivity are the key priorities for any business. In the case of remote work, employers may feel disconnected from their employees. Regular office-wide videoconferencing, telephonic-meetings, and once-in-a-month physical meetings can strike the perfect balance that a business requires to maintain efficiency.
Digital Communication Tools
Remote work can prove to be a more efficient way of operating if all employees use the same digital tools. The use of video conference tools, work reporting software, and task assigning tools can maintain an unhindered flow of communication.
Monthly or Annual Meets
While remote work doesn’t require an employee to physically report, a monthly, quarterly, or yearly meet can be set up. This can be done for its employees to encourage them and boost their morale. Employees who are in direct connection with each other may feel more comfortable with each other. They may be able to communicate more efficiently if they meet face-to-face to align their goals.
Measuring the performance based on results allows an employee to work more productively while still enjoying flexibility. Performance and productivity measured in terms of the results allow employees to maintain a work-life balance. They, in turn, work with more sincerity.
Constructive feedback and suggestions between employers and employees hold more importance in the case of remote work. This is because it eliminates conflicts that may arise out of communication gaps, assumptions, and misunderstandings.
Payroll and Workforce Management in Remote Work
The dynamic nature of the global work culture makes efficient management of remote employees crucial for a business. It is the best way to ensure this is by engaging with a Professional Employer Organization (PEO).
A PEO provides staffing, payroll, and employee management services to businesses. It helps them to effortlessly adapt to the changing nature of work methods and expansion in global markets. PEOs like New Horizons Global Partners help organizations with their end-to-end employment management. They provide support for recruitment, payroll management, contract management, terminations, and much more.
NHGP also serves businesses by efficiently managing their remote employees in different geographical settings. This makes remote work simpler, convenient, and more feasible. This is especially the case for businesses that plan the global expansion of their operations and wish to opt for remote work to implement that.
The global work culture is set to change forever and remote work is set to be the new norm. This is true for an overwhelming number of industries, especially in the post-COVID-19 world.