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Viewing entries tagged
remote

Is Remote Working Ideal For My Business?

Is Remote Working Ideal For My Business?

The great advances in technology today has created and empowered the remote workforce, with more and more businesses now offering their employees the option to work from home.

With nearly 1 in every 5 businesses globally offering remote work to their employees the numbers have been increasing yearly.

Why remote work? The benefits that can come from a remote workforce are numerous. Whereas employees once focused on salary now that is less important. The ability to work remotely or flexibly has taken the mean seat of benefits to the employee as a work to life balance comes ever so important.

If you’re running a business and are pondering the idea of this growing work structure and whether it would work for you, consider the following benefits:

Increased productivity

Did you know that remote workers get more work done in less time? This is quite contrary to earlier beliefs. Allowing employees to get on with new projects, spend more time on tasks, and ultimately improving the bottom line.

But why is this? The reason behind the higher productivity of remote workers can be attributed to the following:

  • They do not have to commute to work.

  • They can finish work in their own time.

  • Less distraction from co-workers.

  • They are self-motivated.

  • They have a more flexible schedule.

  • They are empowered and entrusted.

According to a study conducted by the University of Illinois, remote working employees also show the tendency to go above and beyond for the company they are working for. It is argued that remote working employees strive to make their work presence more visible to management, in fear that this arrangement could be taken away from them.

A more talented workforce

A business which is oriented around locality will ultimately hinder the quality of talent you can hire. While you may be able to convince some potential hires to migrate to your office, this simply won’t suit everyone.

By harnessing a remote workforce, you open your business up to global hires and a much larger talent pool. One survey found that 68 percent of millennials would be more likely to favor a business if remote work was an option for them.

And with remote working also improving retention rates by 10 percent, this talent will also stick around longer.

Hiring remote working employees can result in significant business savings, mainly as a result of reduced office costs.

Real estate needs can be significantly reduced when only a handful of employees are required to be on site. Remote employees reduce costs surrounding computers, phones, electricity, heating and air conditioning and many other necessities which keep an office operating.

Studies suggest that on average, real estate savings with full-time teleworkers is US$10,000 per employee per year. Now that’s a factor worth considering!

Despite the advantages of allowing your employees to work remotely, this “flexible” way of running the workforce is not suited to every business.

Even in today’s hyperconnected world where phones, laptops, tablets, wristwatches and even fridges are tethered to the internet 24/7, some employers are yet to be convinced of the benefits of a remote workforce.

Worries such as a decline in employee performance and loss of control due to decreased employee visibility deter many business leaders from adopting the remote workforce trend.

Many believe that collaboration and work culture will be hindered due to employees being scattered across locations.

Technology can make communicating with people easier, remote working still poses many communication barriers. Such obstacles include many platforms being used at different times, frustrating connection issues, and information that would normally be shared seamlessly and naturally in the office may not be shared… leaving teams at a disadvantage. Despite these downfalls of remote working, those business leaders who are dismissing this trend may be putting their organizations at a strong disadvantage.

Businesses who fail to adapt will struggle to find and retain talent in this increasingly competitive world. New graduates do not dream of working in a huge office space or campus anymore. They want to work from anywhere at anytime, they want to see their friends and want to be in the middle what is happening.

There are challenges with remote working but then again there are challenges with working from an office space as well. Remote working is not for everyone but it is for many.

Check out what Visiple has to offer for your remote work space and dreams.



Back to the Future; Apple and Goldman Sachs Entering The Card Business

The world is turning upside down or is it? Interesting enough that Apple the company build on user experience and the iCloud is now moving to plastic. Is this back to the future?

Goldman Sachs and Apple are preparing to launch a joint credit card, the Wall Street Journal reported on Thursday.

The planned card would carry the Apple Pay brand and could launch early next year, the Journal reported, citing people familiar with the matter.

The iPhone maker will replace its longstanding rewards-card partnership with Barclays, the report added.

Goldman Sachs, Apple and Barclays all declined comment.

The news comes as Apple sharpens its focus on its services business that includes the App Store, mobile payments and music streaming. The unit’s revenue grew 31 percent to more than $9 billion in the three months ended March 31.

Goldman has been looking to expand its consumer banking business to offset weakness at its trading unit. Last year, the Wall Street bank’s executives laid out a goal to generate $5 billion in revenue from new sources, including consumer banking.

In February, the Wall Street Journal reported that Apple was in talks with Goldman to offer financing to shoppers buying Apple products, including iPhones.

New companies have entered the payments space. We all know of Stripe and Paypal but now up and comers like Auka.io create a cost effective highly intelligent white lable service that a bank and now with PSD2 (opening APIs for 3rd party access to offer banking/payment services) will find very attractive instead of developing their own digital payment solution. 

Interesting marriage...to say the least.