The idea of employees working from home and companies running their operations virtually was unfathomable a few years ago. Remote work meant that employees would be less productive if not constantly supervised by a superior.
But we had to adapt to this new age of digitisation after Covid-19. Leading businesses to restructure the way they run things. Employers soon observed that tasks were completed within time while maintaining employee well-being and a stress-free working environment. Working flexibly is detrimental to an employee's choice of job.
Working in virtual collaborations is becoming easier with the advancement of technology. Newer talent is focused on developing digital skills and freelancers can secure higher-paying jobs. The percentage could go as high as 70-80% of the total workforce and be digital nomads by the next five years.
Tech giants such as Spotify, Facebook, Dropbox and Twitter have already made alterations to their structures to ensure the possibility of remote work. They plan on completely digitising the workforce to eliminate the overhead costs of running offices. Some businesses thrive more than others by shifting their employees to work from home.
Innovations in Workplace
Employers and the workforce have reached common ground with hybrid work. It encompasses days of the week split into virtual and in-person workdays. More than 50% of employees in the UK have reported having at least one day of the week when they work remotely.
With the increasing popularity of remote work, managers have seen a decrease in the stigma around employee productivity. The appropriate digital platforms can make a difference to your company. Choosing the correct conferencing apps and VPN to manage employee interactions will enable smooth communications.
Mental health and well-being of the employee have become the 3rd highest priority for management. Talent acquisition is not limited, and more companies are seeking freelancers.
All communications and interactions take place through emails and video chats. Employee engagement can be maintained by scheduled team meetings online and email chains that keep all parties in the loop. One-on-one chats with employees will give them a sense of belonging.
Managers can track employee progress through software such as “Bossware”. It helps by giving a detailed account of all activities occurring on an electronic device.
A company can monitor the working hours of their employee, any misuse of company resources and the rate of task completion. Bossware might be considered invasive as it can activate an employee's microphone or camera on the command of the controller. This software is installed on work-authorised devices to protect the privacy of any personal communication.
Other AI platforms can report on the employee’s productivity and even aid in talent management for hiring processes. Employers are investing in consultancy firms to digitise their operations as much as they can. Digital solutions are present to make company operations run smoothly.
Policymakers need to include remote work policies. Outlining key performance indicators (KPIs) for employees and managers can help during productivity evaluation. There is a large turnover in remote work since workers are found to be easily replaceable. Even the employees are drifting from one job to another, and companies must maintain incentives for employees to keep them attached.
Future Prospects of Remote Work
Roles such as healthcare and retail are not expected to shift to remote operations. An employee may work 3-4 days in the store and one day as a remote customer service representative.
Coworking spaces are replacing the traditional office. And metropolitan cities are accommodating coworking spaces for multiple businesses with increased demand.
Virtual reality conferencing may replace the need to have face-to-face meetings. AI is already influencing the management of employee performance and cooperation.
The right tech tools will enable companies to transform to complete remote monitoring of their employees. Surveys conducted in 2022 show that the larger part of the workforce will want to continue having the opportunity to work remotely. To the extent that they are willing to have 10% salary cuts if they get to work from home.
Employees who prefer to work face-to-face will be favoured in case of promotions since they are still considered to be more involved. If the company truly encourages flexible working, they need to outline the parameters of promotions. Employers are devising plans to make the contributions of each type of employee be graded on fair scales.
Tech Innovations in Remote Working
Many technological advancements can aid and become the new norm of remote work. Apps such as Skype and Teams have already made conferencing feasible.
Companies such as IMERSE are making strides in bringing holographic meetings into the mix. Making holographic versions of all the members in a meeting appear in one place may replace video conferencing. Virtual reality meetings can be made possible by creating models of realistic office spaces.
Tech giants such as Tesla are making way for human less driven vehicles. The demand for these can make it easier for delivery services to rely less on human effort. Although this may be far-fetched and a much more expensive venture. Wellbeing apps can monitor the employee's mental and physical health to ensure optimised performance.
People are relocating to metropolitan cities to ensure they have the digital resources to work remotely. Businesses are thriving by eliminating all overhead costs and increasing productivity by making their employees happy. Remote work is here to stay for good.
UK vs US remote work
Both the UK and the US have tried to make the best of the workplace situation post-Covid. Although US companies have had a tough time with connections and communications between employees with more than 78% of them struggling to do so. This number is much smaller for the UK, having only 52% of the employees reporting problems in communication. Companies in the UK spend more than 50$ per employee to maintain remote work while this number is almost double for the companies operating out of the US.