REMOTE COMPANIES

Why Are Remote Companies Outperforming Traditional Businesses on Revenue Growth?

Andres Palma

Recently Forbes published an article featuring a study made by Scoop, a company focused on analyzing remote work.

It confirmed that companies with flexible remote work policies outperformed their counterpart by as many as 16 percentage points in the last three years.

On top of this, recently a Stanford economics professor, an expert on the remote work subject, also found a strong link between flexible remote work policies and an increase in innovation during the last three years.

But in my opinion, a lot of people don’t understand why, and it’s because they still think of remote work as a “work-from-my-couch" trend and not as the business strategy that it really is.

The best examples of this are tech giants like Microsoft and Apple, who saw the painting in the wall very early on and have been hiring remote talent for over two decades (although mostly referred to as “outsourcing” back then, it was and still is a form of remote work).

They understood that to grow big and fast, with top-notch efficiency and productivity, global talent was the best option; reaching markets like India and China to expand their worldwide reach. Which to me is the most important thing.

But global talent is not exclusive to the biggest tech companies, small and medium-sized businesses can access remote specialists all over the world very easily.

However, a lot of people don’t know if their business is ready to take that step. To know if yours is all you need to do is check these three things first. I call them the “3 essentials before going remote”.

What you need to do first
First; Identify what positions you can delegate: The first thing you need to check off your list is to analyze and identify how many of these can be remote.

The second “essential” is to digitalize your team management: When you have a remote team you need to have an easy and accessible way to communicate and overview their work, and the best way to do this is with management tools like Slack, Microsoft Teams, Trello, etc.

These apps are very easy to use and will make your job a lot easier.

Finally, is the position you want to hire remotely available in other countries or states? This last part is key.

Most day-to-day roles can be filled with global talent who are usually more specialized and proficient than any local options, but that doesn’t that every position is available all over the world.

Say, if I want to hire a country singer would it be reasonable for me to look for one in Russia? It’s the same thing with global talent.

These three items can be easily checked in no time and they’re going to save a lot of trouble if you want to go remote because now you know exactly in which positions you need global talent.

Once you embrace remote talent you realize the perfect fit for you doesn’t have to be local, it can come from anywhere and it can be a lot more productive than settling for the best that local talent can offer.

No matter how small your business is, once you open the door for global talent, your business instantly becomes an international enterprise, and it can grow 10X more than with just local talent.

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Andres Palma

CEO of Inimble a Staffing Agency of remote work
that Specializes in talent optimization and remote HR implementation.
www.I-nimble.com