Remote working is something not new for the IT industry. Many companies in this industry have been benefiting from this model. This is why during the Covid-19 pandemic, the IT sector was able to mitigate the effects of the pandemic.
While many businesses were struggling to adapt to remote working, the IT industry was in a much better position. And now, many are eyeing the future. Since the Covid-19 pandemic is far from, remote working is here to stay. So, businesses now need to adopt it instead of waiting for things to go back to normal.
Remote working has opened many new avenues for businesses. You can now hire dedicated remote team for your software project. And it is not just that; remote working gives you a diverse group. By having a diverse team, you will see many new and innovative ideas coming towards you.
To that end, here are four ways through which you can benefit from having a remote team for your project. These ways will be compelling you to hire a remote team for your business.
1. Cost Efficiency
One of the key takeaways from remote working is that businesses can significantly cut back on costs. Since companies are always looking for ways to cut back on costs, remote working can be a great way to do that. By implementing remote work, they can reduce their expenses by 50-60 %.
Since the majority of your team would be working remotely, you would not need a vast space. Or, if your entire team is working remotely, you would not need an office space at all.
Not having an office can be a real blessing for your business. You don't have to worry about expenses such as utility bills, office supplies/furniture, and most importantly, rent. Rent can be a massive burden for many businesses. A small space in New York or Los Angles can cost you thousands of dollars. Even smaller states like Idaho, Ohio see a rise in real estate prices.
So, with rent eliminated, you can now save some crucial bucks, which can be used on other business expenditures. Becoming a cost-effective business can have a significant impact on the success of your business. It can help you gain a competitive edge over others. Also, you can now offer your products at a much lower rate thanks to the lower cost you are incurring.
2. Increases Productivity and Reduces Retention
Another critical benefit that remote working has is that you will see an increase in your workers' efficiency and productivity. Numerous studies back the fact that remote working increases efficiency. According to Gallup's State of the American Workplace Study, people who work remotely 60 to 80 percent of the time believe they make more substantial progress in their shift than those who work from a workspace.
For the majority of people, remote working is a blessing. They don't have to spend their time, money, and energy commuting to work daily. They can now spend the spare time with their families at their home. Also, it helps them avoid office gossips and politics. These can be draining a lot of time and energy for your employees. But by working remotely, your employees would not have to deal with all of this.
Furthermore, you will also witness a decrease in your labor turnover. Hiring and bringing onboard a remote employee or an onsite employee both can be costly and time-consuming. And you do not want to go through the process again and again.
So, with remote working, you can easily make sure that your remote employees stay at their current job. They won't be looking for another opportunity to consider the one they have the best one. Most importantly, you will see that many people would be willing to work at a lower rate. If they were offered a little less and the option to work from home, they would gladly go for it.
3. Access to The Global Pool of Talent
Since you can now hire remote resources from anywhere in the world, you can now hire some of the best talents. With remote working, you don't have to worry about finding the right fit for your project. Because with access to the global pool of skills, you can find the best one from any country.
Remote working has brought down the geographical barriers that become an obstacle in hiring the best people. Your hiring domain is now not limited to a small area where you have to choose from. Pick up some of the best resources from anywhere on the planet.
Filling up a vacancy that requires a specific degree or a skill can be a challenging task if you are searching for an onsite position. Since you would be only looking from that area, you might find a scarcity of qualified applicants. Even if you find one, you would have to pay them a higher salary than they are currently getting. It would ultimately be a costly option for the business that they don't want to go with.
So, with remote working, you can now hire regardless of their geographical location. You don't have to worry and go through the hassle of sending your applicants a visa or immigration rules etc. All they need is an internet connection and a good laptop, and they can start working for you.
4. Controlling and Managing a Team Is More Than Easy
With the new technological advancements coming in, you can now easily manage your remote team. Their many tools that can help you check the progress of your remote team. And not only that, with new communication tools, you can make communication between them more manageable.
Tools like Jira and Monday.com allow you to assign a task to the teams and individuals. You can assign tasks on these platforms and manage the progress of your projects. If you want, you can also add a comment or give feedback regarding their progress.
Furthermore, with tools like Skype and Slack, you can instantly communicate with your remote team. Also, it makes it much easier for them to communicate with other group members as well. You can also call someone if you feel much more comfortable talking to them over the phone. Also, avoid using emails as a means of communication. They are slow and are much better to send any updates or important announcements. But they should not be used for any daily communication.
Final Takeaway
There is no doubt that remote working is transforming the way we work. And in the foreseeable future, it would become the new norm. So, if your business has still incorporated remote working, then what are you waiting for? It is the right time for you to hire a dedicated remote team and invest in it.
By hiring the right remote team, you would be able to take your business to the next level. And if you need any help, there are many remote agencies out there to help you build an agile remote team. All you have to do from your side is to let them know about your project details, and they will take care of it for you. You can kick back and relax while they manage the entire team for you.
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