Ever since the Covid’19 pandemic hit in 2020, the world has grown to be more interconnected and mobile than ever, through practices like remote working.
Traditionally, workers have always been limited by their capability to reach their workplace, wherever it may be, and the rise of remote working has completely shattered these limitations; essentially making the entire world one giant workplace.
Rise of Remote Working – The New Norm
Due to the Covid-19 pandemic, the world has witnessed a historic shift in the job market. While some companies once offered the ability to work from home as a perk, it has now become the norm for most businesses. By 2025, an estimated 70% of the workforce will be working remotely for at least five days a month.
A poll taken by Caprelo, showed that an extraordinary number of employees have stated that they very much like the new arrangement with 65% of respondents saying they were willing to accept a pay cut in order to work remotely and a report conducted by FlexJobs which surveyed 2100 employees stated that 58% of people would go as far as to look for a new job if they couldn’t continue to work remotely.
And it’s pretty obvious why. Remote work has no tedious and time consuming commute, reduces time and energy wasted in annoying office politics while encouraging beneficial collaboration, and helps you in keeping a work life and work health balance by keeping you near your home and family. Furthermore, remote working is probably more productive than working in an office anyways as you have the freedom to optimize your work environment and engage in deep work, a focused state, as explained by Cal Newport, in which your productivity can be optimized by limiting distractions and completely focusing on your work for 2 to 4 consecutive hours.
All this means that the 9 to 5 office culture will likely be broken up as remote work allows more flexible timings while prompting increased efficiency.
Why Companies and Employers Should Adapt
Remote working tends to benefit companies as much as employees. Firstly, there are the obvious benefits, such as, reducing maintenance costs, freedom for choosing office location, increasing employee productivity etc. However, remote work may be the answer to many of the problems plaguing companies today, signifying that those who embrace this new status quo early will gain a massive competitive edge.
Here are some reasons why companies and employers should adapt to a rise in remote working:
Today, as more employees work remotely amidst the COVID-19 pandemic, it makes complete sense for companies and employers to include remote working into their company’s operation protocol where applicable. Furthermore, the interconnectivity and expanded workforce that this wave of globalization brings will likely be a great boon in helping companies to adapt to the changing demands for roles throughout almost every industry, by incrementing the workforce and making transfer of knowledge and skills even easier.
Alleviate Talent Shortage
Almost throughout the world there is a talent shortage with 45 % of employers complaining that they can’t find the skills they need in a workforce (source: go.manpowergroup.com). Employers can offset this by cleverly exploiting the talent boom and employing previously unreachable workers, adding experienced and qualified employees into their workforce without needing to invest in expensive training.
Appeal to New Hires
Remote working and relocation packages will likely be essential to entice fresh graduates and millennials. This demographic has always been an essential focus for the HR departments for how fresh graduates represent trained labor. By utilizing the remote working and relocation packages employers can easily entice them to work for their companies.
What Companies Can Do
The pandemic has radically changed how companies and individuals interact with each other and these changes have rippled to transform the way business is done in our entire society. Companies have to progress onwards and embrace the turning tide by going through a digital and ideological transformation or risk being left behind. They can do so by:
- Going digital in operations: digitizing in operations has been a pretty simple rule for a long time now. However, the pandemic has driven home how vital following this simple rule as we saw non-digital companies completely grounded to a halt while digital platforms, such as Amazon, managed to continue on with business as usual. Now more than ever companies must digitize their operations or risk failure.
- Embrace flexibility: our interconnected world is inherently unpredictable as events in one area or field have the potential to ripple globally and affect everything. We can never really know the time or intensity of such events and there’s honestly no way to plan for it. Therefore, companies should embrace flexibility on all levels of their business be it customer management, decision making, or on a managerial level.
- Team up with a tech provider: digitizing is a long, complicated, and gradual process that is very difficult for companies to tackle on their own. It requires massive technical knowledge and attention that many companies can simply not afford to invest in. Partnering with an experienced tech provider can be a great boon by massively boosting the speed and quality of a company’s digitization process and by providing technical experts which can guide companies in the digital world.
How Moovaz Can help
Moovaz for instance is one such tech provider which is dedicated to helping you streamline your digital process by providing you with the right technology and support which can take your company to unprecedented heights.
Partner with us today to grow your sales revenue without increasing resources.