"I think it’s a huge mistake to try and limit yourself locally. Going remote is growing fast! Think about it carefully and get with the times to start seeing about creative ways that you can build a better startup and a better product with remote talent in your company!"
Yossi Mlynsky, Founder and CEO @ Upstack
Remote work is becoming mainstream, and yes – we are still nodding our heads as we are listening stories about the flexibility and the benefits that come with working remotely. Being able to hire good experienced people and not taking into account where they live and where they work is just amazing and this is the reason why remote work is on the rise.
Talented minds are all around the world, not only in a certain area. There are amazing people everywhere we are looking and that’s the best part of Upstack’s work policy: the fact that we can hire people based on their knowledge, and not on their postal code.
When it comes to start-ups and small businesses…
Remote work might seem risky to adopt and it can look like only big organizations can have this kind of organizational flexibility. And we can see why removing the traditional day by day office time can come with a lot of questions, but there are a lot of positive examples in which we can find the answers, for example, Upstack’s experience with remote work strategy.
According to statistics...
The main reason why the idea that it’s the best for your business keeping the employees stacked in the same office is wrong is that every one of us needs to have both personal life and professional life balanced. It’s very common the situation where people have their best ideas at home or in a cozy, quiet place and not in a noisy office, and this is the proof that people tend to integrate that work-life balance as much as possible with this remote work opportunity.
The number of employees from an office it’s less important than the results.
Results are what matters and adopting flexibility helps to let the brick-and-mortar mentality behind.
Besides increasing productivity and allowing great results to be seen, the financial part is also very important. It’s not a secret that a remote work strategy can be a cost-reducing strategy for businesses. Almost 60% of the businesses that adopted remote work style reinvested their saved economies from removing office expenses back in the business, helping it beautifully grow.
There are more important aspects that a business needs to consider when it comes to remote work, for example, remote workers are more likely to stay at a company longer.
Statistics show us that there is a 25% lower employee turnover rate in companies with remote work policy.
In terms of well being and happiness level of the employees, studies are saying that remote workers have higher levels of organizational commitment and professional satisfaction. The evidence suggests that remote workers are more likely to be productive, happier and better value.
Upstack is an example of a successful fully-remote business and that’s because technology is driving huge changes in the type of work that people are performing and humans can access any information online and run cloud-based services, creating new processes, new jobs and a demand for new and complex skills. Finding people with the perfect blend of skills for different roles is pretty challenging, but going back at the bottom of this article, this is the greatest aspect of working remote – #remotewarriors from all around the world could be the right solution.
The diversity of cultural backgrounds, skill sets, and mindsets that hiring remote workers allow us to access it’s pretty impressive and very much helpful for finding the perfect fit for the company.
It is also true that the remote work style is not viable for every business, but with careful management and understanding the business we want to create, remote working can deliver a significant improvement in terms of absenteeism, productivity, staff retention.
Like every other work concept, remote work comes with risks and when it comes to it, skepticism and fear can weight more strongly than all the advantages and positive aspects.
Assuming risks is the challenge of growing a business, but as a business is developing, there are different problems and opportunities which involves finding solutions. Avoiding and hiding from pitfalls it’s not the right attitude, because pitfalls are in a strong relationship with growth and are essential to embrace them to allow business growth. You need to be fully committed to the strategy, even if it is out of the comfort zone.
Growth is not about comfort. Growth is about wisely risking, taking hard decisions and being up to date in the process.
From the moment you decide to launch your remote business, there are many challenges, but challenges are a key part if you want to find your company way to success and turn a simple idea in a start-up and then growing a prospering company.
Mark Zuckerberg rightly said: “The only strategy that is guaranteed to fail is not taking risks."
Just keep in mind that embracing flexible working practices comes with benefits for both employees and employers, so take the time to make the right steps and to ensure that it’s time for you to take some risks and go to the next level with your business – remote workforce with #remotewarriors!