2020 is the year that is leading remote work at scale.
Coronavirus will possibly make it hard for people to go back to the office after experiencing the myriad benefits of remote working. Globally, there is a revived emphasis on working remotely. The world is forced to encourage their employers towards working remotely. In the age of innovation & technology, remote work is coming out to be the future of our work in an idealist scenario.
Realistically, the pandemic situation presents an opportunity to understand that remote work can be the dominant form of work and why you should not miss a chance to adapt it.
With that being said here are the top 10 reasons to get started with remote work:
Advanced tools, services and resources for working remotely
The year 2020 started with an unwelcoming outbreak of COVID-19 which forced the world to shift to a remote work model. It has already proved to be a very big challenge for companies all across the world. Even big companies like Apple, have announced to miss its quarterly revenue projection because of the decreased demands and limitations on its manufacturing partners. But at the same time, such big companies are less likely to face loss in terms of their working process. They are working remotely in a fully remote work model. But what about the other businesses?
Other businesses are forced to build a remote work policy, in a bid to control the outbreak. This has led to an advancement in remote tools and resources in almost every business, firm, organisation around the world.
The pandemic may end but remote work revolution is here to stay.
Certain leading tech companies have started to advance their services to make it more accessible to small business and organisations. Such as:
Google is rolling out free access to advanced Hangouts Meet video-conferencing to all its enterprise edition G Suite and G Suite Enterprise for Education customers globally. The plan includes up to 250 users per call, the ability to record meetings and save them to Google Drive, and Livestream capabilities for up to 100,000 viewers within a domain until July 1, 2020.
Microsoft is offering a free trial of the premium plan for its team chat app. This will allow the users to record meetings, use storage up to 1TB, which is not available for a free version. Microsoft has increased its trial period for 6 months.
Zoom provides a free version of its videoconferencing software and is continually testing on its network to ensure maximum reliability in case capacity increases. This information was shared by the CEO of the company.
- Cisco Webex
Cisco Webex is providing a free version of its software with no time restrictions.it will allow up to 100 meeting participants. For the non-customers, it has added 90-day free license on its toll-free-dial-in feature.
Reduction in cost, increase in savings
Forcing travel to the office every day to work on a machine that can be used anywhere is dumb. This is many office jobs at this point and is causing a huge wastage of commuting time and money.
Even the metropolitan cities are now exploited and overly crowed. Remote work will allow the employees to migrate to their towns having a smaller cost of living and higher quality of life. The regions will then eventually innovate to attract their wealth resulting in advanced internet connection, schools and much more. The cost of living in an expensive metropolitan city is saved.
Besides, a huge amount is saved in not buying office formals.
For companies, savings come in the form of less money spent on office real estate, janitorial services, electricity and other overhead costs.
According to Inc. Magazine reports employees working remotely could save up to $2000-$7000 per year on transportation, clothes, food, child-care, than those who work in an office.
Global Work Analytics reports that 50% of Americans will start working remotely by the next five year which will save up to $700 billion a year.
Let’s look at some of the figures:
- Businesses would save up to $700 billion a year on turnover, real estate, electricity, resources and more, approx. $11,000 per employee.
- National productivity is expected to increase by five million man-hours, about $270 billion.
- Working remotely would save two billion gallons of gas in commuting which consist of 37% of US Persian Gulf imports. (even more, expected)
Diversity and inclusion
“A diverse mix of voices leads to better discussions, decisions, and outcomes for everyone.” — Sundar Pichai
Companies working remotely are exposed to more diverse culture leading to explicit diverse solutions for problems. Working in traditional office space may limit your capacity of problem-solving. Whereas in a remote environment, remote teams tend to come up with multiple perspectives for a solution.
Being isolated in the home office gives you time to think in a quantitative and qualitative mannerism without being influenced by someone else’s perspective.
Many companies are embracing this practice to have a first-mover advantage and attract talent globally. The most diverse and inclusive teams in history will emerge rapidly.
Time is replaced as the main KPI for judging performance by productivity and output. The time has gone when people use to sit in the office and wait for the office hours to end even when they are finished with their work. Remote work does not judge employees based on time but performances.
Advanced decisions are now decided by capabilities rather than who you drink beer with.
The daily attendance policies were made to manage employees by time and place. Now, after all, checking who is at their desk at 5-9 is much easy than generating a proactive communication system. But say no more, working remotely has made the world to understand that the brightest productive work was generated outside the office cubical without any restraints.
New data suggests that most office employees are not engaged, they waste time and underperformance is turning out to be a persistent problem despite the presence of team and management. Even in the recent surveys of 8,000 workers by McKinsey’s Global Institute and 3,500 remote workers by Buffer find that those workers, freed from the constraints of office life, report higher levels of satisfaction and greater productivity.
Besides, for the companies worried about impending brain-drain by retiring babe boomers, 75% of the current generation is wanting to work only if flexibility to remote work is available. In fact, the study shows that 36% of employees would choose remote work option over a rise.
The future is Millennials & Gen-Z
Millennials and Gen Z are the future, so it’s no wonder that they’re shaping the work culture. By the year 2028, this generation will make up to 73% of the workforce. Study shows that they prioritise their work three times more than the baby boomers.
According to Stephane Kasriel, CEO of Upwork, the youngest generation is more likely to prefer flexibility, agility and remote working. Gone are the days when office use to be the isolation place for deep work. In short, the office is now the worst place to get isolation and focus you need to do deep work.
Industry driven by millennials and gen-z will be the future towards working remotely. These young workers are the one who has been immersed in technology throughout their life. Digital and technological skills and tools are now the new currency of employment, with the increase in SEO, IT sector, analytics and more.
These young workers are ambitious and adventurous. Working remotely while being able to travel is what they aspire. They not only will embrace remote work the most but will create a huge work culture revolution soon.
According to the Future Workforce Report, 84% of millennials experienced burnout at their jobs. The report is no surprise as remote work eliminates the wasted time in commuting, office politics and unproductive workdays.
The rise of working remotely has led people to re-prioritize what is important to them. Organising work around your daily life routine is the first noticeable switch. People are realising there is more to life than just work.
You can live with your family and work at the same time. Being physically present for the ones you love makes you more satisfied and tends to create a positive impact on your brain, thus leading to more productivity.
People working from home enjoy lower levels of stress and increased work/life balance is even proved. According to research:
- 75% of remote workers are willing to work in the vent of terrorism, pandemic, weather-related disasters as compared to other non-remote workers.
- Unscheduled meeting cost US companies over $300 billion a year, $1800 per employee.
- Remote companies experience 63% fewer unscheduled absences.
Remote work is advantageous in saving office resources, electricity, less pollution and thus a happy healthy environment. In the coming times, the environment is going to be one of the topics on utmost priority. The industrial revolution has already done much harm to the environment, remote working can contribute towards good for the environment.
Some of the major environmental benefits are as follow:
- Reduced greenhouse emission
Global Workforce Analytics estimates that working only half a week remotely could save up to 54 million ton of greenhouse emission. By the year 2028, the world will see 73% of remote workers.
- Decrease consumption of fossil fuel
The US Energy Information Administration found that 142.23 billion gallons (or about 3.39 billion barrels1) of gasoline was consumed daily in 2019. By 2027, 73% of reduced consumption will greatly contribute to the environment and improving the climate situation. In fact, this year 2020 has seen a drop of 50% gasoline consumption as compared to 2019 statistics.
Remote working is creating a rise in people participating in their hobbies and activities which link them to people living in their community. Remote work cuts the physical tiredness which is created by commuting daily to office.
Indulgence in hobbies and activities is leading to deeper, more meaning relationships which overcome the isolation and loneliness issues and spare you from fake office relationships.
End of Asynchronous communication
Asynchronous communication is a type of communication in which the sender does not expect an immediate response from the receiver. For instance, email communication.
Remote work is creating a constant presence. It is creating communication solutions which enable presence like the open mic while gaming, it is becoming more compelling
Working remotely will allow easy access between sender and receiver and hence, it will lead to work productivity in less time.
Remote work makes the accessibility easier. Because of digitalisation, factors like partiality, nepotism, unfavourability is almost eliminated. A system of equality and equity will be formed in a virtual workplace where workers will work remotely. Due to 100%, surveillance by security and top-notch manages into the system, it would be next to impossible for HRs to access easy employment.
Nothing will stop the workers to get what they deserve, there would hardly be any obstacles.
Working remotely is no silver bullet of course. There are challenges which have to be overcome. There will always be people who would think nothing can substitute being in a front or back office with the team, which would be nonsense in coming here but must be acknowledged if proved with better evidence. As of the year 2020, a new revolution is on its horizon. This will be the biggest opportunity.
Know well before where you will be betting your future.