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Offshoring for startups: How can full-time remote teams help your business grow?

Offshoring for startups: How can full-time remote teams help your business grow?

Work has changed, maybe for good.

The outbreak of the COVID-19 virus and the subsequent lockdowns around the world shifted companies from working in offices to their homes overnight. The transition was tough. However, some companies are more traditional than others, clinging onto the idea that remote work would have a negative impact and they naturally struggled to adapt.

Despite the early hesitation, we can all admit that in some form or other, remote culture is here to stay.

It’s been more than a year since organizations scrambled to enable their teams to work from home. This arrangement has since blown expectations out of the water when it comes to productivity and performance – especially with the rise of virtual technology, which made working remotely almost seamless.

The technology of project management apps and video conferencing advanced so quickly that many companies have not just stuck with remote work, they’ve even expanded their remote workforce

Because of these advances in communication technology and internet access, remote work has not just become an accepted working standard, but a practical means to scale.

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The inevitable question then came forward. “Why hire in your hometown when you’re managing your team via Zoom anyway and can save a great deal of cost elsewhere?”

How can full-time remote teams help your business grow?
How can full-time remote teams help your business grow?

Remote work is the future

Remote work presents an opportunity for organizations to hire a global workforce. It offers lower salary expenses, leverage cultural differences, and attract talent beyond the proximity of your own HQ. These days, remote work is no longer a ‘perk’, ‘lifestyle’, or ‘policy’ – it’s a global industry. 

It improves work-life balance.

According to the LinkedIn Global Talent Trends 2019 report, which was taken from over 5,000 talent professionals in 35 countries with LinkedIn’s behavioral data, 72% of talent professionals believe work flexibility is ‘very important to the future of recruiting and HR.’

Additionally, 77% of talent professionals said an improved work-life balance is among the main benefits of work flexibility.

It encourages retention. 

According to the same report, 54% of talent professionals believe that work flexibility encourages employee retention. On the other hand, the 2019 Zapier Remote Work Report shows that 31% of knowledge workers don’t currently work remotely because their company doesn’t allow it.

It expands the available talent pool. 

A global workforce broadens the company’s ability to attract talent that wouldn’t otherwise be available to them. Some countries have a stronger talent pool than others, such as developers, marketers and designers. Companies can then capitalize on these in their search for the best team available.

It increases productivity. 

Teleworkers are 35-40% more productive than their office counterparts on average, and have measured an output increase of at least 4.4%. The technologies available today enable employees to be as productive as they are in the office. It proved that employees can be efficient at home, without the tradeoff of having them go through a rigorous daily commute.

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Additionally, employees are more comfortable working at home as this allows them to be flexible in their work routine. A combination of these factors explains the increase in productivity. The onus is still on employers to make sure their employees are well-equipped, educated, and prepared for the remote work lifestyle. 

At this point, we don’t need further supporting data for global remote teams – it’s clear that you can scale your team by focusing on building remote. All it takes is a reliable partner to help your company plan and execute your expansion strategy to reap the benefits of offshoring

This is where Penbrothers comes in.

About Penbrothers

Penbrothers can make it possible for companies to scale and grow their remote operations in a seamless fashion. They can recruit, hire, and employ teams in their proprietary all-in-one platform called The HUB. Learn more about Penbrothers here.

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Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.