Why Startups Are Benefitting from Remote Work More Than Ever
Category: Analysis
Remote work has been gaining more traction than ever in recent years. While there was an uptrend in the number of remote jobs being advertised well before the pandemic, the global lockdowns had a significant impact on this. Despite lockdowns being lifted, there are still a growing number of remote jobs available, and more startups than ever are now using fully remote teams.
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The reality is that while many companies might have initially been sceptical about the benefits of remote workers, they have been proven wrong. Greater employee satisfaction rates, lower turnover, and higher productivity are all advantages offered by remote workers. Not only that, but it can help reduce costs by removing the need to hire an office space. When you’re running a startup, especially in a competitive field, these are all factors that can make a huge difference.
The Rise of the Digital Nomads
Digital nomadism, or working remotely while travelling, has been a growing trend over the past decade. With improvements to internet speeds and the growing prevalence of digital technology, more jobs than ever can be completed without ever setting foot in the office. This has allowed people to have more freedom over where they work and led to an increase in fully remote and partially remote jobs.
Partially remote jobs allow workers to choose the days they come into the office. On the other hand, fully remote jobs allow workers to complete their work from anywhere, using video conferencing software and instant messaging apps to stay in touch with their colleagues and managers. This has allowed people to work and travel at the same time, with services like Nomadlist giving people information and resources on how to do this.
Although being a digital nomad has become popular, many managers and companies have been reluctant to offer remote work, fearing it would cause a loss in productivity. It’s true that travelling can be distracting, but many workers have also stated that being in an office can be distracting too. The reality is that remote workers offer a lot of benefits to companies.
Benefits Remote Teams Offer Startups
Running a successful startup is all about minimising costs as much as possible while maximising output. This can be a very difficult line to tread and often leads to employee burnout and high turnover, something that can make it challenging to grow. Hiring remotely can be a way to combat this.
Rather than spending valuable resources on renting office space, a startup can be run completely remotely, with the only contact between teams done through the internet. In addition, employees will have more freedom over when they work, helping to improve productivity while reducing burnout.
According to statistics, office workers are typically unproductive for 37 minutes a day, while remote workers only for 27 minutes. This can add up over the course of a month and means that remote workers can be far more effective for a startup. In addition, remote workers are more likely to work extra days, on average working an additional 1.4 days a month which adds up to 17 additional days each year.
The Future of Remote Startups
While remote startups do have a lot of benefits, some feel that it’s difficult to properly set company culture. For some business owners, the advantages of lower costs don’t outweigh the disadvantages of not having regular contact with employees. However, the future does look good for remote startups. There are now more tools than ever that are designed for remote team management. In addition, SEO Services for Startups are now designing their services around the needs of remote teams.