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Remote Work Is The Future For Many Tech Startups

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History of Work 

During the entire history of humankind, area reliance was key to finding work. Remote working was not, in any case, a chance, and closeness to resources and markets was the way to profitability. (Better believe it the manager feels that on the off chance that you are in the office you are working). 

Take a stab at thinking back to what prompted the area reliance previously? It focuses on the innovation and foundation accessible just in the focal workspaces. The absence of innovation headway didn't permit the workplace to be adaptable. 

Think for a minute; people have moved from nomads to living in different urban communities to win bread and butter. It has even arrived at the point that living in a similar city you work doesn't spare you from going into work. In the most overcrowded and fast-developing urban areas (New York, London, Mumbai, Hong Kong) on the planet, driving for 2-hour to work isn't strange or unexpected. 

Advancement of Remote Work 

The possibility of working from home or co-working spaces has been around for some time. Today, innovation has offered an introduction to organizations of all sizes across businesses. Presently, the web lets you work remotely, from any side of the world you feel the most feasible and profitable. 

As indicated by a report by PwC, 64% of twenty to thirty-year-olds might want to be given the chance to work remotely. Remote workers have better work-life balance and can invest the time that otherwise would have been spent commuting to the office in self-development, learning new skills or hobbies.

Many established organizations and tech startups are still skeptical about remote work. Business visionaries make some hard memories accepting reality, they can have teams over the world, and still, run an active organization. Managing remote teams requires a different skillset and defined communication channels and some managers are still not ready for the change.

This is because of the flowing legends about remote work on profitability and cooperation terms. Peruse progressively about titles here. 

Ten years prior, remote work implied a telemarketing or client support position beneath the lowest pay permitted by law. In the beginning, some freelance platforms encouraged low-paid, low-quality gig work which led to the perception that remote work is an option only for small tasks that don’t require an advanced skill set.

Nowadays, an enormous pool of visual planners, web designers, bloggers, marketers and developers work remotely. Accessibility of rapid Internet connection, cloud-based tools, and adaptable workspaces made this possible. 

Current Trends in Remote Work 

Organizations as large as WordPress run 100% distributed teams. The organization shut down its office a few years ago and went all-remote. Today it is running effectively with total assets of $1.16 billion.

GitLab, another all-remote company, is valued at USD 2.75 billion and may go public by the end of 2020. 

Transformify, an all-remote HR Tech company, expanded to 150+ countries thanks to its remote workforce of freelancers joining the company on-demand. Having onboard people who speak the local language and understand the culture resulted in successful market entry.

Remote working is a viable option today and the adoption rate is growing. Worldwide, some 65% of employees work remotely (here and there) in any event once per week. You additionally may, as of now, be working remotely without acknowledging it. Organizations urge workers to have telephone calls and team up through screen sharing instead of flying people over to the other end of the world for a single meeting. 

Have you, at any point, browsed your messages on a get-away or when on your way to the office? That is [subtle] remote work. Most of your work is done online; lots of organizations use cloud-based tools. You are practically associated and work with your colleagues and business partners without being genuinely present in your organization's office.

Distributed Teams Are The Future of Work 

The remote workforce is developing at a surprising rate. We are dancing into another time of hyper portability. There are bottomless assets accessible to assist organizations with overseeing and growing a remote workforce. 

Work will never again be a constraint. Adaptable office space and co-working spaces allow flexibility as never before. Today, well-known companies like Trello, Transformify, WordPress, Github, Buffer, GitLab and so forth are effectively working remotely and many of them are all-remote organizations having no offices at all.

Remote work is on the rise. In the recent few years, remote working moved to the top of the list of desired employment benefits. Presently, full-time employees are working remotely at any rate once every week, and the possibility of flexible working hours or work from home is appealing to many. The number of remote workers is constantly increasing as both investors and tech companies realized that a ‘’remote strategy’’ results in tapping into a much bigger talent pool. Being independent of the ever-rising rent costs in San Francisco, New York, London and other business hubs worldwide is also a huge benefit. 

Access to capital and the established ecosystem attract many startup founders to the big tech hubs. Later, they find themselves competing for the ever scares tech and marketing talent. As many tech stratups are looking for the same competencies at the same time, the salaries go up and employee loyalty goes down. Often, promising startups run out of cash as they don’t manage to attract and hire tech talent when they need it the most. Delayed product launches and less cash available for marketing and sales activities lead to failure more often than not.

If in the past investors were reluctant to invest in all-remote companies, now they recognize the need for flexibility and access to a much bigger talent pool. In fact, some venture capital firms and angel investors work remotely too.

Remote Work Downsides And How To Address Them

Efficient communication channels and robust internal controls are a ‘’ must-have’’ in an all-remote organization. Lilia Stoyanov, the CEO of Transformify, an all-remote HR Tech company said:

‘’ Since the very beginning, we knew that our growth plans can be achieved in a remote working environment. Transformify never had an office and we rely on talented freelancers worldwide who join our team on-demand. Managing a remote team is not easier or harder, it’s different. Communication channels like Slack, project management software like Jira or Asana, sales and marketing CRM like HubSpot, need to be in place since day one for the managers to be able to effectively manage their team members. In fact, remote organizations have more efficient processes than many traditional organizations as without them it’s impossible to stay in business and thrive.’’

Another downside is the lack of face to face time with other business leaders and the chance to be part of an ecosystem which is the reason why many startups are still conceived in tech hubs like Silicon Valley, London or Hong Kong despite the high costs and talent scarcity. Plugging into an established ecosystem often results in intros to potential clients and industry experts. As this is hard to achieve online, conferences like the Remote Work Summit emerged to give an opportunity for the leaders and team members of all-remote companies to meet and exchange ideas. In 2020, 11 000+ professionals are expected to attend and benefit from the knowledge exchange. The speakers include Kieran Flagnan, HubSpot, Hassan Osman, Cisco, Jenny Bloom, Zapier, Stella Garber, Trello and many more. 

Even though many companies are still not ready to adopt the remote working concept, the positive trend is visible and there are more work from home jobs and remote jobs than ever before. 


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