Top 5 advantages of remote teams as per reputed business articles

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Top 5 advantages of remote teams as per reputed
business articles In the past, businesses and
employers had preconceived notions about
employing remotely. But these perceptions were
changed with the forced implementation of working
remotely with the outbreak of the Covid-19
pandemic. Organizations have come to a
realization now that employees are more
productive working remotely and exceed their
deliverables in a remote model. Let us quickly
jump on to understanding the advantages of
having a remote team, as cited by respected
brands and enterprises, especially working
greatly in favor of SMEs. We have sourced
articles from reputed business articles like
Hubspot, Forbes, Harvard Business Review, KPMG
case study, Indeed, and Business Standard
magazine. We have also cited some examples and
case studies conducted by companies like Hubspot,
Gitlab, Atlassian, and Ring Central. This
comprehensive information will help you in
materializing your global expansion
plans. Companies emphasizing on a remote
team As a business owner, you no longer need to
dwell on thoughts like Is the team actually
working? How do I ensure they will complete the
allocated tasks for the day or project for the
assigned period? There are a number of
collaborative tools for remote teams that can be
used by your company to keep a track of their
work and to monitor their operations as well. All
you need to do is put the in-house IT wizards to
suggest the best collaborative tools and
platforms that work best for your remote team
model. Lets take the example of the company
Hubspot, which emphasizes- work being a part of
your identity and has little relevance with an
office setting you go to. Hubspot has been
promoting the advantages of remote working since
2012 by quoting Work isnt a place we go, but
its a thing we do in its Culture Code template.
A slide deck that was initially an internal
document has now been made available for public
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viewership and the presentation has gracefully
embraced over 5 million views. Various other
top-notch companies are promoting remote working
as well. Be it Airbnb, Capita plc, Hubspot,
Quora, Reddit, Shopify, or Upwork, these names
are among the top 25 companies encouraging
permanent work-from-home possibilities according
to a survey conducted by Flexjobs. What happens
when you encourage working remotely? It offers
flexibility to the employees of your company. It
creates a healthy working environment for them
and a good space of mind. Whether its in the
comforts of their homes or having the privilege
of working from anywhere, it makes them feel way
more productive and ultimately results in
employee retention. This in turn is extremely
beneficial for small and medium-sized businesses
looking out for remote employees for their
business expansion plans, particularly in India
as it reduces cost operations to a great
extent. There are a number of advantages of
having a remote team, let us take a quick look at
what the industry experts and popular business
articles have to say about the same 1.
Flexibility An interesting piece published in
Forbes throws light on offering flexibility. The
piece talks about a companys approach to
managing remote teams focusing on building remote
culture, the right state of mind, and not just
extending the liberty of having a convenient
remote location.
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However, while extending flexibility, a few
checklists have to be ticked- like carefully
planning out and managing asynchronous
communication. Also, considering the availability
of employees unanimously. Emails, intranets,
instant messaging apps, and video calling
software, should be used to ensure that
communication is carried out appropriately among
the employees and that the message or
instructions are delivered correctly without
missing out on many contexts. Most relevantly,
keeping the employees motivation levels in check
by staying connected through Slack or Zoom apps.
It is important to give them the privilege of
exercising autonomy and experiencing flexibility,
which will only create a happy organizational
culture. As an SME business owner, focusing on
flexibility will help you source more
productivity from your employees. Especially from
the new generation 76 of millennials, 69 of
GenZ, and 64 of Gen X expect flexibility.
Furthermore, an Atlassian study published in
Forbes showcases a team is 71 more innovative,
83 have a positive look on the organizational
culture, and comparatively 14 experience burnout
compared to people having no flexibility. 2.
Productivity Ring Central, earlier known as Ring
Zero systems, now Motorolla, believes remote
working enhances productivity. They believe
remote work benefits companies as it springs out
more loyalty from the employees. Eliminating
obligations or hassles like traveling to work,
unnecessary distractions from co-workers, and
uncomfortable office settings from the employees
professional lives make them perform and focus
better. Another survey conducted by Harvard
Business Review found that when employees worked
in a remote model, they contributed
extraordinarily. They performed in ways that
their deliverables could be measured up to an
extra day of work. An observational study cited
by the founder of
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• Ctrip company, a Chinese travel website found
  that the employees seemed happier, were less
  likely to quit and most importantly were more
  productive.
• Eliminating all these obligations from your
  remote employees work profile will give your
  company and business an edge to make the most of
  their time, i.e productivity.
• Giving autonomy to employees means ensuring
  business continuity
• What happens when you hire a remote team
  disregarding geographical barriers? It broadens
  the possibilities of having people working for
  your business irrespective of the need of having
  an office space that demands their physical
  presence. It de-risks your business, ensures
  continuous business operations, and gives access
  to a larger talent pool by giving them autonomy
  as well.
• Gitlab Inc. the open-core company has been remote
  since its inception. Considered the first
  Ukrainian unicorn in 2018, it holds an estimated
  30 million registered users strength over 65
  countries. It is considered the largest
  all-remote company in the world and is centered
  around remote working. Gitlab believes in giving
  employees the freedom to work from anywhere which
  in turn creates an all-inclusive work
  environment.
• Gitlab is a perfect example of ensuring business
  continuity by implementing the remote work model
  since its inception. They believe
• in giving employees autonomy for ensuring
  business continuity and
• success.
• Probably as an SME business owner, you may not
  favor the concept of going all-out remote but you
  can definitely dedicate a section of your
  workforce to remote model working to make the
  most of the global talent pool and ensure
  business continuity irrespective of the time
  zones.
• Profitability

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Mandatory renting or leasing of commercial
property in order to run a business has become a
thing of the past. You can simply achieve
profitability by hiring an excellent remote team
from anywhere in the world. This will minimize
your expenditure on office spaces, supplies,
energy bills, and travel allowances. It will save
operational costs according to an article
published by WBM.DIRECT.CA, a Western Canadian
Information technology leader. Dell was one of
the first to play with the idea of remote working
and practice it too. The policies were
implemented first in 2016 which landed them
saving 12 million dollars every year when it came
to real estate. According to Indeed, businesses
can save up to 50 on operational costs from a
remote working model. Most importantly working
with a remote workforce results in reducing 31
in expenditure on health insurance. It leaves no
room for obligations like worrying about renting
parking spaces for their vehicles, you can save a
lot on your balance sheet because you are
eliminating the entire travel allowance from the
salary structure. Additional expenses like
providing stationary, like cooling machines,
printers, lights, etc will be taken off the hook
too. A study conducted by KPMG cites that 68 of
corporations especially the larger ones are
planning on downsizing their company
footprinting. 5. Access to a larger talent
pool Ultimately having a remote team gives you
the advantage of having an access to
international talent. It gives you an opportunity
to tap into a larger pool of talent irrespective
of geographical barriers. Be it a web developer
or IT engineer, your city or region wont limit
you from sourcing the best-skilled professional
for your remote team. Forbes highlights that 55
of knowledge workers would choose to work
remotely rather than from their office location
and live in an area other than their office
location according to Atlassian.
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Indias IT industry has grown significantly by
contributing 8 of Indias GDP, Prime Minister
Narendra Modi introduced Nasscoms Future Skills
platform to upskill 40 lakh IT employees and job
seekers in eight emerging technologies such as
artificial intelligence, cloud computing, big
data analytics, virtual reality, Internet of
things, robotics process automation, social and
mobile. An article published in the business
standard magazine quotes Rishad Premji, Chairman
of IT services firm Wipro emphasizing companies
coming to India for its quality talent, skilled
young workers, and engineers in the digital
economy and how Covid-19 showcased work can be
done remotely and at scale. By sourcing a
targeted pool of talent from India, your SME will
have the opportunity to make the most of a
skilled workforce. Remunance- a gateway in
making the most of the remote teams Our teams of
HR and recruitment professionals at Remunance
leave no stone unturned to resource the best
talent pool from your remote team. We understand
the role a team plays in building your business
and we ensure we create the right foundation for
it. What is employer of record? An Employer of
Record provides services such as HR, legal,
taxes, and local compliance and takes care of
employee responsibilities in countries where you
dont have a local entity. At Remunance, we pick
the right fit, and as a reputed Employer of
Record, we create the perfect remote working
model for your remote workforce by extending a
unique basket of business setup services in India
that include payroll, compliance, and
infrastructure support. All you need to do is
specify what kind of skill, knowledge, and
experience
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your SME requires, and leave all the paperwork
and local laws adherence of your employees to
your legal employer in India.