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The New Age Virtual Office? Reasons Why Companies Prefer A Remote Team

Slowly the concept of people coming together to work at a particular place called office is diminishing. Modern mindset and advancement in technology has given birth to the idea of virtual offices. Although some may not welcome this new concept and still prefer the old-school office settings, any concept is acceptable if that helps an organization achieve its goals. In the United States, in a survey conducted by the Yankee Group over 178 businesses with between 20 to 99 employees, it came out that 79% of them had mobile workers, with an average of 11 mobile workers per company, while 54% had telecommuters, with an average of eight telecommuters per company. (Source: Yankee Group) The number of virtual offices has increased extensively in the past few years and today this idea is working very well both for employers and employees. The McKinsey Global Institute estimates that the volume of offshore outsourcing will increase by 30 to 40 percent a year for the next five years. (Source) For example, nowadays, people go less to shops than they practise online shopping. They download their movies, favorite shows, etc. rather than visiting video cassette/cd stores. So as you can see, now you don’t need to physically go everywhere for most of your daily needs. In the same manner, the concept of virtual recruitment has come into the picture. Outsourcing statistics show that the largest percentage of jobs being outsourced is in Information Technology, by around 28%. The next largest field is the human resources taking 15% of the outsourcing market, followed closely by sales and marketing outsourcing with 14% and financial services outsourcing at 11%. The remaining 32% is made up of other different processes such as administrative outsourcing. (Source) In fact, a huge number of companies don’t have an office. Most or all of their employees working virtually. BaseCamp, Buffer all have a successful business model working with remote employees. The success is partly thanks to the advancement in the technology; new ways of communication and collaboration have facilitated people to work from anywhere. No need for personal meetings. Upworthy, a new media company, also allows its employees to work from any location they want to, as long as they have access to good internet connectivity and ca do Google Hangout. inVision, a software design company in fact emphasises on the motto, ‘Do great work from an environment that you’re comfortable in’.

Reasons Why Companies Are Going Virtual:

1. Employee Productivity

Time and stress spent on commuting is vanished, which gives your employees more time and efforts to concentrate on their work. It leads to extra productivity. Virtual hiring improves the retention rate of your company, as virtual employees have a much lesser chance of leaving their job. It will give your employees a great work- personal life balance, which will result in better time management.

2. Timezones- round the clock operations

Your business can be operated 24×7, if you have employees in different parts of the globe with different time zones.

3. Resources

Through virtual hiring, you can save a considerable part of your office space and make use of it in a much better way. It can save you money in a big way, as the cost of putting ads, expenses of office resources, etc. is eliminated.

4. Relocation

Even if your office gets shifted to a faraway location you can retain your old employees, as the issue of relocation gets eliminated with the virtual staff. It also allows you to hire talented employees from faraway locations, who can’t join your office because of long distance.

5. Meetings

Virtual recruitment also results in less number of unproductive meetings. The meetings can take place easily with the help of different online tools.

Conclusion

The concept of having a remote team, working from across the world or different timezones is surely a very innovative and great way of saving time, money and extra efforts. Though some may argue and find traditional style the best, but circumstances in today’s date demand such type of ideas for the enhancement of productivity and efficiency.

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