To run a successful company, we need to know what technology will be feasible in the future. We need to understand the sustainability of a company and its potential not just based on its present promises but what it promises in the future as well. And it is more true after the recent pandemic.
Network. Internet. Web. Global village.
Perhaps these are the most common things you will hear about today's world. How the internet has shaped today's world is totally astonishing. We would not be able to think of the significance of the internet at least 10 years ago, let alone 20 years ago.
Things change rapidly nowadays. One year there is Microsoft Teams, another year there is Slack. The growth of technology is exponential. And to keep ourselves relevant in this changing world we need to be adaptive.
Adaptability is the core of any successful venture.The more we can keep up-to-date with our market's demand, the more we can incorporate the new technology with the existing ones, the more a company can grow. And there are no shortcuts to achieving adaptability.
After the pandemic, companies like Atlassian, 3M, Airbnb, and Lyft are adopting remote working on a long-term basis. Atlassian is one of the biggest computer software businesses that are hiring remote workers for their Head of UX Research, Senior Crisis Communications Manager roles.
Companies like Reddit are looking for Senior Product Manager, Ads Targeting, etc and the positions are open to remote employees only. We can easily understand how significant remote working is becoming and companies are trying to get the best out of it and trying to be adaptable.
Why is incorporating remote work important today?
To run companies efficiently we must adapt to the technologies that are being presented to us. Every day we are getting new devices, and new software and the internet speed is increasing rapidly. We need to embrace these gifts of technology and use them rightly.
The outcome of our company will be based on how dynamic yet pragmatic we can be as an organization. And to achieve that we should be ahead of the curve from everyone else and getting remote workers is just the stepping stone for that.
To get that, we must get the right employees. Employees who can share the same vision with us. And they can be anywhere. Why do we need to lose a talented employee who is living in another state or a country?
If the person matches the credentials, if they have the right attitude towards working in an environment where they can make decisions if needed, you should certainly go for that person.
During the hiring process, we can certainly incorporate some nontechnical assessments to evaluate their self-decision-making skills.
It is true that the system all over the world is still too rigid to wholeheartedly accept the remote working sector. But none of us knew that the internet would be such a thing, just over 20 years ago.
Nowadays, thanks to the Optical fiber cable all around the globe, from South Asia to Africa, Europe to Southeast Asia, faster connectivity is not a big deal. We can connect with people instantly and thus working remotely has never been so efficient till today.
What benefits do we get from remote working?
We already talked about how we can optimize the growth of our company and one key thing is definitely Efficiency. So how does hiring remote workers help us to be more efficient?
Faster hiring process:
- When we start the process of hiring employees to fill the vacant roles, sometimes it takes longer than we anticipate. Which in turn can delay our project timeline. On the other hand, it becomes easier to hire a remote employee since distance is not an issue.
Stability:
- Stability is key for any company to grow. And remote employees stay longer at an organization since they are not so stressed and have choices over their work habits. It helps us to be more stable as a company. We don’t need to train new employees frequently and run behind our project deadlines.
Effective time management:
- When we switch to remote workers, meetings have less wasted spin-up and spin-down time. There is no time wasted going to the meeting room, or going back to the desk.
There will be fewer distractions from colleagues. Also, less goofing off at the water fountain. This will reduce the unproductive time and make our company run more efficiently.
We can be more flexible with work schedules, as long as the work gets done, and that should be the default. It does not mean that everyone can be fully remote, but that business needs are balanced with employee needs which is truly important in terms of efficiency.
Global Talent:
- Think about this scenario. We have a great, hard-working employee, but suddenly he/ she needs to move out of the states or the country because of some family reasons. We don’t have to lose that talent anymore just because they are located in a different place. You can choose the best employees from the entire world, rather than just from a commuting distance.
More productive workers:
- If it was not already well established that happy employees are productive employees, the Covid pandemic has shown that mentally satisfied workers tend to be more focused and energetic. Also, employees are more available since they are less ill at home.
Cost-effective:
- Since we will be requiring less office space, several costs in different departments will be drastically decreased. Fewer electricity bills, less cost for building the security system. Rental costs will also come down. And less janitorial cost will effectively cut down the workplace maintenance expenditure.
- Investment in an employee might also be reduced if we let the employees use their own devices.
Uncertainty surrounding Recession:
A recession might come and you might need cheap labor costs and outsourcing. Staying ahead of the curve will lead us to achieve great success.
These reasons might look small, but if you add all these points together, and measure the total cost saving, you will find that you are actually saving hundreds of dollars per year, if not thousands. That will eventually increase your profit margin than before.
Once we have the ideal resources available in terms of efficient employees - regardless of their current location - we can certainly build a sustainable model to run our company smoothly and successfully. And being adaptive to the changed surroundings as well as being flexible is the key to acquiring that model.
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Also Read: We Asked 5 M'sian Tech Companies If They’d Continue WFH – Here's What They Said
