Looking back some 10 years ago, teamwork defined the way enterprises, large and small functioned. Since then, the definition of teamwork has remained the same; however, the dynamics of modern teams have changed significantly.
With the arrival of high-speed internet and the millennial generation’s want for breaking the norms of work culture, remote working has fast become the new trend. And rightly so, given the nature of the work of most modern day businesses, remote work comes as a lifesaver for many organisations that require talent but are not able to find it locally.
Remote work has given rise to a new employment model that is not limited by geographical boundaries. Now, all it takes is a decent internet connection, some meaningful remote working tools like an online whiteboard and the necessary skills that add to an international organisation’s growth story, and anyone can easily become a remote worker.
But what are the things that make remote work so attractive. Let’s take a look at both the employer and the employee’s perspective.
For Employers
– Lower Costs
What is the biggest reason for any business to be in existence? Above all the things that are made out to be, earning a sizeable profit is a top priority for everyone. With a remote work environment working in their favour, organisations of all sizes have discovered increased returns on investment and bigger bottom lines.
But how does remote work help lower costs?
Most organisation’s spend enormous amounts of money and resources on hiring and nurturing talent. With a massive chunk of the finances being used up by outdated hiring practises, organisations run the risk of hemorrhaging cash even before they start making profits, this becomes all the more relevant for startups running on shoestring budgets.
Rising real estate prices, office overheads and everything in between can pile up the costs quickly, however with remote work an organisation can do away with huge office rents and miscellaneous expenses.
With a simple tweak in the working style, any organisation can reap the rewards of the modern day work revolution that is Remote Working. Taking advantage of productivity tools such as an online whiteboard, video calling apps, screen sharing utilities and calendar sync tools give remote teams the benefit of working from the location of their choice, while saving huge costs for the employer.
– Larger Talent Pool
Owing to the nature of remote working, the amount of talent available for hiring increases tenfold. With no limitation regarding hiring regions or distances, employers get access to a wider talent pool that is made up of highly skilled professionals who choose to work remotely.
When talented designers, copywriters and marketing professionals, having worked in their respective industries for decades, decide to take things easy, remote work comes to the rescue. With flexible schedules and the comfort of working in their surroundings, combined with high skill sets and experience the work quality improves.
For Employees
– Freedom
With scores of millennials getting drawn towards the digital nomad lifestyle, remote working provides for the perfect work-life balance. A modern-day remote worker could be simply working out of a home office in Buenos Aires or from a beach house in Bali, the availability of reliable internet speeds has propelled the trend of remote working to a great extent.
With this freedom of travel and work, remote teams get more things done without extending deadlines or going over budget. The reason? Some say it could be the lack of a daily commute or the absence of office stress, whatever the reason may be, the fact is remote workers are a happier lot who finish projects well within time.
– Better Job Satisfaction
Fast approaching deadlines, a grumpy boss and office politics – These are some of the things employees need to get used to while working in a regular office setting. However, with remote work, office stress will be history. Working in a setup that is known to you, boosts productivity and employees give it their best when no external distractions are hampering their concentration.
In Conclusion
The modern outlook for work and pleasure has drastically changed over the years. Remote work has had an enormous impact on the way modern workforce perceives employment opportunities. With this trend on the rise, it is a win-win situation for both employers and employees, and when everyone is happy, the quality of work gets better and better.
What are your thoughts? Do let us know in the comments section.
