Top 3 reasons why remote-first business is there to stay
(Words by Anton Mishchenko, CEO and Co-founder at YouTeam)
In today’s digital world, remote jobs are no longer a gimmick. Many companies offer positions for remote employees or hire offshore development teams far away from the headquarters. For startup founders and small business owners, telecommuting can even become a lifesaver when they need to scale the team asap but are tight on budget. As reported by Remote.co, a resource for remote workers, some companies start as traditional brick-and-mortar organizations and later switch to telecommuting due to various reasons.
But what if the entire team is fully distributed and has been working remotely from the very beginning? Is it our future or just an experiment that won’t last long? We believe that this trend remains in the future, and in this article, we’ll explain why.
(Anton Mishchenko, CEO and Co-founder at YouTeam)
How many companies are remote-first?
The founders of Hallway, an app for asynchronous teams, have prepared a list of over 60 remote-first companies for their blog. These are mostly startups that have supported the remote culture from the very beginning. Some of these startups build tools for distributed teams – for example, Doist or HubStaff.
Despite being remote, these organizations still treat their employees as valuable team members. Many companies offer perks such as paid vacation, parental live support, gym subscriptions, team buildings, etc. It seems like this trend is on the rise, and the remote-first model can inspire many other businesses. Now let’s find out which reasons can convince the founders to do so.
Will the remote-first model survive? Our answer is yes
Starting off as a 100% remote business is a challenge. Lack of face-to-face communication is probably the biggest issue here. But if you still want to try and launch a remote-first startup, you are lucky because you can learn from the stories of other companies. Besides, now there’s a wide range of online collaboration tools on the market designed specifically for virtual teams. Here are some other reasons why the remote-first model will probably survive in the future:
1. More time for work and less stress. Remote employees “commute” only from their beds to their laptops. They do not depend on transport or weather conditions and thus have no commuting-related stress. And, what’s most important, they don’t spend their time in traffic, thus having more hours to devote to work.
2. More productivity. When working from the comfort of their own homes, people are less distracted or interrupted and thus focus more on their tasks. According to a survey by CoSo Cloud, 77% of workers report greater productivity when telecommuting.
3. Fewer expenses. Yes, many remote companies give their employees free perks, but they don’t have to pay the office space rent. Besides, they don’t need to cover the employee relocation expenses if a newly hired worker must move to a city where the headquarters are.
As you see, in most cases the remote-first businesses have happy and productive employees. Besides, it costs them less than it would when having physical headquarters. So, we believe that this trend will remain in the future, and the world will see even more disruptive startups that are completely remote.