The evolution of business practices is a well-documented phenomenon. Innovations such as the telephone and computers are common knowledge. However, the advent of remote work remains shrouded in uncertainty. Although its origins aren’t clear, remote work is now an essential part of 21st-century corporate culture. Previously the preserve of in-office personnel, an increasing number of companies are now employing remote staff to manage a diverse range of tasks. Remote work has revolutionised business operations, and its impact continues to be felt today.
It’s no wonder that remote work is gaining ground and evolving at an impressive pace.
Outlined below are eleven changes that will take place this year and beyond:
The proliferation of remote jobs continues unabated.Recent reports by FlexJobs and Global Workplace Analytics reveal that the number of people choosing to work remotely has substantially increased in the last decade. The research indicates that the number of individuals working from home has grown by 44% in the past five years and a remarkable 91% in the past ten years. This indicates that the demand for remote jobs is on the rise and is here to stay.
The Emergence of Employment AgenciesMore and more companies are turning to third-party employment agencies and remote staffing companies to streamline the process of recruiting highly skilled personnel. Currently, there are about 25,000 employment and staffing agencies, along with 49,000 affiliated offices, in the United States alone. The demand for work-from-home employment services is projected to soar, especially amid the COVID-19 pandemic.
Reduced Costs for Companies.There are numerous financial advantages to hiring remote workers. Such benefits include a decrease in expenses such as employee benefits, health insurance, and office space rental.
Boosted EfficiencyRemote workers often experience fewer disruptions than their office-based counterparts. They can work in a comfortable environment without the distractions of a typical office setting such as idle chatter or visitors. Studies have shown that remote employees can be up to 25% more efficient than in-office employees.
Less Stress for Staff MembersModern life is fraught with anxiety-inducing factors. But allowing employees to work remotely can help them create an environment that best suits their work style and improve their work-life balance. They can better manage their workload and pacing. The results of the FlexJobs survey indicated that 86% of respondents felt less stressed since they started remote work. Moreover, most of the respondents reported positive impacts on their nutrition, physical activity, and overall well-being as a result of working from home.
Reduced Turnover RateRemote employees report higher job satisfaction levels. Studies show that remote work arrangements translate into decreased job-hopping tendencies, stronger trust in managers, and a greater sense of contentment with one’s work life. According to a survey by Owl Labs, companies that allow remote work have a 25% lower staff turnover rate than those that don’t.
Increasing Use of Remote Access TechnologyFor decades, the lack of available resources prevented remote working from becoming a feasible solution. However, with the advent of various software and web-based services, it is now possible for businesses to build teams that are spread across different geographical locations. Additionally, modern communication platforms such as email, Zoom, Trello and Basecamp have made it easier than ever to communicate with remote workers.
Improved Cloud Computing CapabilitiesThe advent of cloud computing has significantly contributed to the growing popularity of remote work. There were initial concerns over the data security of remote workers, but cloud computing has made it much safer and secure, effectively eliminating such worries. In line with the survey conducted by LogicMonitor, it is predicted that the majority of business workloads will be stored on the Cloud by 2023.
New Opportunities in Rural AreasAs the world of work continues to evolve and new solutions emerge, businesses are exploring the viability of outsourcing remote teams beyond traditional borders. Remote work has been proven successful in various industries, and its advantages are well-documented. As a result, businesses are now enlisting the services of specialized remote staffing recruiters to hire individuals from all over the world. Fields that have particularly embraced remote work include software engineering, design, customer service, and data analysis among others.
- Economies centered around finance and money
A Cohesive and Happy TeamRemote work and remote teams can help build an effective long-distance working relationship, which can only be achieved through a supportive and caring working environment. Company culture is not necessarily defined by policies but is more accurately reflected in a guide outlining the organization’s core values.
Promoting trust and collaboration within your team involves actively engaging each member and considering their ideas. Ensuring everyone is motivated, easily reachable and trustworthy is important. However, building trust is a gradual process that requires dedication and the right team members.
With over a decade of experience in the rapidly growing remote employment industry, Works is an excellent choice for businesses looking to maximize the benefits of remote staffing. Their cost-effective approach to hiring high-quality remote workers enables you to take advantage of the flexibility and agility of a remote workforce. For businesses seeking to leverage the potential of remote staffing, partnering with a trusted and established provider such as Works is crucial. See what Works can do for your business today.