Remote work: an effective tool for business development
In recent years, remote work has become a popular trend in the business world.
April 5, 2023 – According to a study by Global Workplace Analytics, remote work has increased by 173% since 2005, with 4.7 million employees working from home at least half the time [1]. This trend is expected to continue, with 56% of companies allowing remote work as a flexible option for their employees. According to a report by Upwork, 41.8% of the American workforce is now working remotely [2].
Remote work provides a range of benefits for businesses, including:
Access to a Global Workforce: Remote work breaks down geographical barriers, allowing companies to hire talent from all over the world. This provides access to a larger pool of skilled workers, and allows companies to fill rare positions in niche industries quickly and easily. Also, remote work can help to improve diversity and inclusion, as it allows businesses to hire from a wider range of candidates, regardless of their geographic location or physical ability.
Fulfilment of Rare Positions: Remote work also provides businesses with the opportunity to expand their global reach. With remote teams, companies can operate in different time zones and cater to a wider customer base. Additionally, remote work enables businesses to fill rare positions that might be difficult to find locally. This can lead to greater innovation and new ideas that can drive business growth.
Cost Savings with Best Rates: Remote work can save companies money by reducing the need for office space, equipment, and other overhead expenses. This can help them reinvest in other areas of their business, such as marketing or product development. Additionally, remote work enables companies to hire talent from different regions with different cost structures, allowing them to get the best rates for the services they need. A study by According to Global Workplace Analytics, found that companies can save an average of $11,000 per employee per year by allowing them to work remotely [3].
Increased Productivity: Remote work can help to increase productivity, as employees have more control over their working environment and can work during their most productive hours. A study by Stanford found that remote workers were on average 13% more productive than their office-based counterparts [4]. According to a study by MBO Partners, 60% of companies reported a rise in the quality of work when hiring remote workers, and 68% of managers reported that remote workers were more productive than office-based workers [5].
Increased Agility: Remote work can enable businesses to become more agile and adapt more quickly to changes in the market. With remote teams, companies can respond more quickly to new opportunities and pivot their strategies more easily, giving them a competitive advantage.
In conclusion, remote work is a powerful tool for businesses looking to develop and grow. By providing access to a global workforce, reducing costs, increasing employee satisfaction, offering enhanced flexibility, remote work is a smart choice for companies looking to stay ahead of the curve. With platforms like TalentNations making it easier than ever to manage remote teams, businesses have the opportunity to unlock the full potential of this growing trend. With a range of tools and resources, TalentNations helps companies to manage their remote teams effectively and efficiently.
1 https://globalworkplaceanalytics.com/telecommuting-statistics
2 https://www.upwork.com/research/future-workforce-report
3 https://globalworkplaceanalytics.com/work-at-home-after-covid-19-our-forecast
About TalentNations
TalentNations is B2B online platform that connects clients with IT companies’ Specialists and Solutions, on staff augmentation terms. It is headquartered in Dubai and operates globally. More information on talentnations.com. Follow us on LinkedIn and Facebook. For inquiries: hello@talentnations.com.
