February 2, 2024

Remote Work's Reshaping Effect on Industries and Company Perspectives

This article discusses the trend of shifting employees to a fully remote work format, prompting companies to implement new digital technologies and abandon traditional internal processes.

The rapid development of digital technologies has revolutionized internal processes within companies and laid the groundwork for the widespread shift of employees to remote work. Businesses across various industries have begun adopting this collaboration format, and their number continues to grow.

According to Gartner, in 2020, about 88% of companies worldwide successfully implemented elements of remote work due to the COVID-19 pandemic. On one hand, this was a response to the crisis. On the other hand, it set trends for the further development of various industries, steering them towards digital transformation.

Workplace Flexibility. A FlexJobs survey showed that 65% of employees prefer to work entirely remotely. In this case, they can freely move around the world, change provinces and states within the same country, and choose the most optimal cities for living.

Remote work significantly broadens opportunities for finding and hiring new talent. That's why many companies, including giants like Shopify, have completely abandoned office work, allowing them to employ specialists without geographical limitations.

Changing Corporate Culture. When considering the transition to a remote work format, companies today must use modern approaches to communication and process management, change traditional processes to digital ones, implement new security standards, and more.

According to a Buffer study, about 20% of remote employees suffer from a lack of overall communication and informal interaction in particular. This is why Microsoft has introduced virtual cafes where company employees can discuss various topics not directly related to their professional activities.

Technological Innovations. Various new technologies related to remote work have been rapidly growing in recent years. Tools like Slack and Asana, which aid in communicating with globally dispersed teams through efficient solutions, are rapidly increasing their influence.

Not to forget Zoom, a popular tool for video conferencing, which increased its revenue by 326% in 2020. Plus, many companies are ordering the development of their own tools, necessary for remote interaction among employees within teams and between different teams.

Thanks to its incredible flexibility, the remote work format fully meets the modern challenges that promise to radically transform the professional world. This is why most businesses, one way or another, will have to completely or partially transition to it in the foreseeable future.

The remote work format implies readiness for the systematic implementation of innovative digital solutions, adaptation to changes, utilization of the opportunities and potential of new technologies to the fullest. Therefore, it is very important to steer your business towards digital transformation as soon as possible.

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Author

Nick Gric

Tags

Work Culture