Although the COVID-19 pandemic has forced organizations to create agile teams, the majority of them now recognize the benefits of a distributed team model
More and more enterprises gradually realize the benefits of telecommunicating and remote workforce models. In fact, top tech companies like Amazon are considering hiring as a distributed or hybrid team.
Companies should enhance their skills-based hiring and tap into a broader talent pool. This can include hiring employees who have the ability to achieve project-specific goals rather than only looking for employees basis of their location. One of the obvious reasons companies are indulging in remote hiring is the reduction in located-based overhead costs. Remote employers are able to offer more competitive salaries and benefits to their distributed workforce by saving on several other costs associated with on-site hiring. A report from OWL Labs reveals that remote workers earn salaries higher than $100,000 a year, which is 2.2 times more frequently than on-site workers.
According to the same report, remote workers are 83%happier in their jobs than on-site workers. Moreover, they would take a pay cut of up to 10% in order to work remotely. Traveling to work, office politics, and conflicts within the office also add significantly to costs and stress. As per the report, nearly 70% of remote workers say they are not concerned working remotely will affect their career progression
Enterprises also need to focus on increasing employee ownership and buy-in. When employees are a part of a distributed team, they are more likely to develop a sense of ownership and buy-in and work harder in general. The survey also says that remote employees work more than the expected 40 hours a week, which is close to 45%more often than on-site employees. Stronger teams are created thanks to the increased sense of accountability and ownership.
It has become crucial for enterprises to adopt a distributed or hybrid team to attract talent. With enough focus on communication, increased employee buy-in, higher productivity, and lower turnover, organizations can sail through this crisis and beyond.