Starting a Remote Team
Who is moving to remote work?Facebook (FB), Google (GOOG), Twitter (TWTR) and Amazon (AMZN) have implemented remote working policies for many or all of their employees around the globe. Due to CV 19, more companies are sure to follow this trend to combat financial and socio economic hardships in the months to come. (CNN Business) Google, on Tuesday, asked North America employees to work from home through April 10, 2020. On Wednesday, a Google spokesperson confirmed that staffers in Europe, Africa and the Middle East will also be asked to work remotely, until further notice. (CNN Business)
Twitter, on Wednesday, updated its work-from-home policy from “strongly encouraged” to “mandatory” for all employees globally.
Will we lose productivity?
A two-year study by Stanford University found that there was an impressive increase in work productivity among remote employees. The study included 500 people who worked both remotely and in a traditional setting. The study concluded that the productivity among home-based workers was equal to a full day’s work each week.
Will we lose employees when moving to a remote model?
The same 2-year study concluded that remote employees were less likely to leave their company than traditional office employees. There was an overall 50% decrease in resignations amongst remote employees.
Does Remote Work increase absenteeism?
The sick day is virtually non-existent for employees, when working remotely. Now, according to professionals, assuring the health and productivity of employees is a much more serious matter. With schools and businesses closing, parents need to be home to care for their children, while continuing to be a productive employee for your company. This benefit, now more than ever, translates to cost reductions and retaining a workforce. However, even during less trying times, employees who have more control over their schedules report finding more time to exercise more, eat better and have a higher morale and better outlook in general.
How will this save our company money?
In 2018, there was estimated $5 billion in cost savings for U.S. companies that provided remote work for part time employees. The cost reduction covers real estate and operating expenses. The average company as referenced above is saving $10k per employee every year. (PGI News)
What is our competition doing about it long term?
Remote work has grown amongst U.S. Companies by 91% over the last 10 years, and by 159% over the last 12 years. It stands to reason that this percentage increase trend will rise exponentially in the US and Globally, due to the 2020 Pandemic. (Global Workplace Analytics and FlexJobs)
Will this remote model work for my company industry?
Some industries have traditionally hired with the remote model for some time; however, more and more industries are joining the remote worker movement: legal, marketing, project management, real estate, insurance and nonprofits. Even if your entire workforce cannot work remotely, some can. (Business Insider)
More and more companies think managing remote teams make sense. We do, too. We find experienced remote workers typically within 48 hours, ready to interview. Ask us how.