Blogs from the Fortune Infosys Team

The Future of Remote Work

Remote work had a totally different meaning two years ago than it does now. It was something that flexible, tech-savvy organisations offered it only sometimes before the COVID-19 pandemic. Most organisations across the world now have some type of remote work policy and framework in place.

Annual Zoom meetings reached 101 billion in January 2020. In October 2020, they will have reached a total of 3.3 trillion dollars. During the continuing pandemic, revenue has also increased drastically. This suggests that a growing number of employees and firms are incorporating telecommuting into their daily operations.

According to all indications, the pandemic will continue for some time. However, even after COVID-19 is all but a distant memory, remote work will almost certainly continue in some form for the foreseeable future. That begs the question: what exactly does this future of remote work look like?

Major Disruptions Ahead 

Of course, we must consider major shifts in the employee market. This is true at any time, but it is especially true at a period of great change. According to Adam Ozimek, an Upwork labour economist, the transition we’ve already seen during the pandemic is “moderate” in comparison to what we’ll see in the near future.

“The number one thing that’s happened is that a lot of firms and employees have discovered that remote work works better than they expected,” he added. He believes that startups, in particular, will consider asynchronous work and adopt new technical platforms to enable it.

  • Remote work : Many companies, governments, and non-profit organisations have adopted remote work. Remote work may be used by businesses to cut expenses and enhance productivity. Employees who are working remotely do not require an office or cubicle, which must be rented or purchased and incurs extra expenditures like lighting and climate control.

Remote working is used by certain companies to improve the quality of life of its employees since it decreases travel time and time spent stopped in traffic. It may make it simpler for employees to integrate their professional obligations with their personal lives and family duties (e.g., caring for children or elderly parents). Some companies use teleworking for environmental reasons, as it reduces traffic congestion and air pollution by putting fewer automobiles on the road.

According to a Gallup poll in September 2021, 45% of full-time U.S. employees worked from home, including 25% who worked from home all of the time and 20% who worked from home part of the time.

  • Hybrid approach : Several companies have adopted a hybrid strategy that mixes remote and in-person work as a happy medium. However, according to Forrester’s Predictions 2022: The Future Of Work research, the hybrid approach will need some fine-tuning. It gets more convenient once established. Combining remote work’s benefits like flexibility and freedom, the hybrid method bridges the gap between the professional and personal contexts.

Autonomy of work 

Autonomy of work affects perceived responsibility in such a way that if the job allows for freedom, independence, and schedule flexibility, the employee should feel accountable for the work outcomes. Remote work provides schedule flexibility and independence since being away from the workplace allows the worker more options.

Remote workers do not have to adhere to workplace norms and can schedule their work at different times of the day. Remote work gives employees the flexibility to pick where they work, when they work, and even what they wear to work in order to perform at their best. Remote workers may feel more responsible if they feel in control of and accountable for their job.

Remote worker autonomy provides for less work-family friction. Remote working allows employees to schedule jobs around family obligations. 

  • Keeping Employees Up to Date: Feedback increases employees’ knowledge of results. Feedback refers to the degree that an individual receives direct and clear information about his or her performance related to work activities. Feedback is particularly important so that the employees continuously learn about how they are performing. Electronic communication provides fewer cues for remote workers.    There are a variety of team collaboration technologies available nowadays that help to keep team interactions alive.

As a result of the use of such technologies, employees become more engaged thus the interaction barrier can be broken down. Such technologies are also being used by certain companies for onsite employees.

A “Digital Inflection Point”

Swoon’s Vice President of Sales and Marketing, Quyen Pham, remarked, “I feel we are at a digital inflection point.”

Digital connections, notably Zoom and other video conferencing applications, have increased dramatically, according to Pham. “For company leaders, this is a vital time because they must adapt to new digital needs or risk becoming completely outdated in the workplace.”

The War for Talent and the Great Resignation

The so-called Great Resignation is still going on, with people quitting in droves in search of new opportunities. This is related to the War for Talent, in which firms compete for the best employees in a variety of disciplines.

What will the future of remote work look like? We anticipate that the remote scene will play an enormous role in helping organisations adapt and progress in an evolving professional landscape. It will also be vital to attract and retain top talent, as well as to keep employees lengaged. 

Employers could also consider other remote possibilities, such as offshore/remote hiring, which gives them access to a larger pool of talent.

Benefits of remote work :

  • Savings in extra expense

One of the advantages of remote working is the saving of extra expenses. Apart from rent, travelling is the second major expense for most employees. Employees also spend more money at the workplace cafeterias, on gas, toll fees, and other incidental expenses. All such extra expenses have been reduced as a result of remote work. From an employer’s point of view, it gives benefits in reducing overhead expenses from simple coffee, water, electricity, and telecommunications services, to huge capital expenses like rent, office equipment to run the  company. 

  • Exclusion of commute time

Travelling by metro consumes a significant amount of time and energy. Employees who had to commute for at least 2 hours or more on workdays used to be exhausted when they arrived at the office.

Remote work has a number of advantages, one of which is the elimination of travel time. Because you won’t have to travel to the office, you’ll save time and be more productive.

  • Reduction in leaves

Another benefit of remote working is that employee absences are reduced. Employees are in a much more comfortable environment and are less worried and exhausted now that they are back at home with their families and no longer have to commute to work.

Additionally, because job flexibility is a primary benefit of working from home, individuals can work on a schedule that is most convenient for them. As a result, they take fewer leaves.

Thus work from home has practically made life easier for many people. Geographically speaking it has reduced the boundaries for people who are not able to work from the same city or even country to an extent. Anyone from any part of the world is now able to work in a company which does not necessarily have to be in the same city as yours. “Jobs that can be done remotely can often also be automated and offshored, meaning that occupations that centre on the kind of sporadic interactions that drive innovation will become an ever-growing share of the workforce in advanced economies,” says report author Dr. Carl Benedikt Frey, director of the Oxford Martin Programme on the Future of Work at the University of Oxford, in a prepared statement.  

Managers and employers shouldn’t gloss over this perk – flexible schedules means that your team can work during the hours when they work best and leave the times when they’re not 100% for less brain-taxing activities. Not everyone on your team is a morning person, so if they can schedule workout classes and appointments in the morning and leave their work for later in the day, you’re going to get better results and happy employees.

This has also led to a rise in demand for offshore developers and companies. These days there are a lot of companies or startups who happen to take their business offshore which creates a great opportunity for companies of both sides.

More and more companies are making the switch to remote work as well as offshore work, and it’s changing the way they work and hire.

Employers are no longer restricted to recruiting people who live in their city or state. With today’s technology and resources, communication and cooperation between employees in Ahmedabad and New York may be just as productive as it is between colleagues who work across the hall.Thousands of companies and workers have proven that work really can get done from anywhere. 

Companies also try offshore development to reduce their cost as well as to get work done faster. Nowadays there are a lot of companies or startups who happen to take their business offshore. Rather than hiring a freelancer, companies that provide offshore services are a better option. The chances of you obtaining a satisfying performance are higher since the Company values its reputation. Hence first access your internal operations and understand how the vendor will provide solutions to your existing problem statement. 

To kick-off a successful partnership, you should understand more about the philosophy of the company & its stakeholders. Understand their recruitment process and their tech expertise clearly. Companies like Fortune Infosys are providing a user-friendly experience with great quality of output. Fortune Infosys  gives performance guarantee in terms of pause billing in case of non satisfactory work by their develoeper/s. It also provides IT staffing services that are fully customizable, so there will be a model that will best suit your needs. 

To ensure a smooth experience to Fortune’s clients, Fortune Infosys reduces the operational hassles by providing offshore IT augmentation services and taking the operational burdens on their side. To know more about what is  IT Staff Augmentation ? How it works ? here is the link to our blog. 

As Fortune Infosys has a team in New Jersey which is well versed with the socio-cultural gaps they ensure all resources are globally equipped by extensive training on flexible work culture and emphasises hard on bringing the best of communication practices apart from technology knowledge. Fortune Infosys strives to bring in not only tech-savvy resources to the team but we also ensure to motivate them professionally and ethically with a positive attitude. This helps us to provide highly motivated and well performing resources joining the team of their clients.

Tags : remote work

Quick Contact