Software companies are rapidly evolving. They often make and break their own rules. During the past couple of years, software companies are trying to bring about a trend that could completely change the way we work. They’re moving from cozy, open office workplaces (which was once the trend) to remote work.
Companies like Buffer, Zapier, YNAB, InVision are built on remote teams and the shift is rapidly spreading across the SaaS space. The innovation in project management software, voice and video calling, and collaboration software helps an entire team stay on the same page and keep track of their projects.
If you’re thinking “Remote sounds cool! I can work from home wearing nothing but boxers.”, you’re not wrong. It is one of the benefits of remote work. But, you’re not seeing the big picture.
Let’s go ahead and look what benefits does remote work offer?
Be Productive. Be relaxed
People spend a majority of their time commuting to the office. Sometimes this makes them tired even before they start their day. This causes a major productivity drain among employees. Organizations, on the other hand, spend a ton of money on providing employees with air conditioning, cozy chairs, high speed internet, food, juicebar, nap pods, and so on.
Remote work saves a great deal of time and money for both the employees and the organization.
61% agreed that loud colleagues are the biggest office distraction
Employees don’t have to worry about commuting, traffic jams, or what to wear for work everyday. Also, a 2-year Stanford study proved that people are more productive and satisfied when they work from home. The study also showed a huge reduction in the attrition rate of a company.
40% consider impromptu meetings from co-workers a major distraction
On the other hand, remote work allows an organization to expand without having to worry about space or providing facilities for every employee of the organization. They can have a small office space and use it for organizing meetups, important project discussions, and for events like hackathons
Pay More. Make More.
Traditional software companies pay their employees in the currency of the country they’re located in. Even though this is done after considering several factors such as cost of living, inflation, market trends, etc., there is still a huge gap when you compare yourself with your peers who work in other Geo locations. Companies that operate with a remote team are slowly changing this practice. They pay all their employees in the same currency.
Imagine what this could do to people who are from other parts of the world like Africa, Southeast Asia, and India!. Talented people will have enough money to pay off their student loans,make the right investments, and fast forward their way to financial independence. When this happens, people will stop working for money and start working for what with passion.
This also brings more money to the government in the form of income tax. A total win-win situation.
Building a Sustainable Future
Cities become the victim of pollution, water scarcity, congested roads as a result of several people coming to the cities to work for software companies. Cities like Bangalore have expanded three times in size in the past four decades. This causes several adverse effects like high real estate prices, insufficient water supply to the city, congested roads, and a high cost of living.
But, remote work can save cities from rapidly growing. Talented people can work from their hometown. This will result in low cost of living, surplus water supply for everyone, preservation of existing natural resources and improvement in infrastructure across every small cities, towns and villages. With the penetration of high speed broadband and data connection across the country, this scenario is very much possible before 2030.
Remote work is one of the keys to building a sustainable future.
Embracing Remote with an open Mind
In 2017, 43% of Americans were working at least partially remotely. Nearly two-thirds of US companies have employees outside of the office, and 3.9 million people worked remotely at least half the time in 2018.
With the trend becoming evident, more companies should consider introducing a remote work policy. But, this can only happen if both the organization and the employees trust each other.
3.9 million people in the United States worked remotely at least half the time in 2018
Companies should provide clear instructions and achievable milestones for employees about their goals, and employees should take responsibility as they won’t have a manager looking over their shoulders.
Moving to a remote setup could be a huge shift for several software companies. The shift might be slow, but it could be a real game changer and bring abundance benefits to everyone involved.
- Why the Future of Work Is Remote – https://www.glassdoor.com/employers/blog/future-of-work-remote/
- The Future of Remote Work Is Happening Now. Here’s How to Make It Work for You – https://www.inc.com/scott-mautz/the-future-of-remote-work-is-happening-now-heres-how-to-make-it-work-for-you.html
- Working From Home Is One of the Hottest Job Skills in America. Here Are 7 Keys to Excelling at It – https://www.inc.com/scott-mautz/working-from-home-is-one-of-hottest-job-skills-in-america-here-are-7-keys-to-excelling-at-it.html
- A 2-Year Stanford Study Shows the Astonishing Productivity Boost of Working From Home-https://www.inc.com/scott-mautz/a-2-year-stanford-study-shows-astonishing-productivity-boost-of-working-from-home.html
- Remote Work Trends for 2019: The Present & Future of Remote Work – https://remoters.net/remote-work-trends-future-insights/
- Why You Should Let Your Employees Work Remotely – https://www.forbes.com/sites/ashleystahl/2018/11/27/why-you-should-let-your-employees-work-remotely/#1bcea6a71a7e
- 9 Research-Based Facts That Prove Remote Teams are The Future of Work – https://www.timedoctor.com/blog/remote-teams-future-of-work/