Companies that embrace this will attract and retain the most talented people in the world.
Companies who don't will lose their best people to their biggest competitors.
The reason is incredibly simple: flexibility, balance and time
Having the freedom to work when you are productive will bring massive benefits to workers currently expected to work to someone else's schedule.
Team members who have children or health conditions that require regular medical appointments will find the flexibility to do what they need to do transformational.
Workers will find it incredibly difficult to go back to productivity being measured by time and not output
❤️ Life-Work Balance
Working in an office limits the opportunity you have to focus on improving your physical and mental health and wellbeing.
Working remotely I find time everyday to workout, eat with family and work on my personal development. This isn't just a nice to have it is a critical part of a higher quality of life.
Workers will find it incredibly difficult to sacrifice their health and well being once they have had the opportunity to improve them while working remotely
Having gained back commuting time and having had the ability to organize work around their lives rather than the other way around, workers will realize how much better their life is working remotely.
They will have the freedom to spend more time doing things they love, either on their own or the people they care about most.
Workers will find it incredibly difficult to go back to a 9-5 once they have lived the benefits of remote work
Remote work benefits are impossible to replicate in the Office
For Companies, the benefits are even more obvious
Companies who adopted technology 20 years ago replaced every company that didn’t.
Companies who adopt remote working will replace every company who doesn’t in 20 years.
The reason is incredibly simple: talent and efficiency.
Unless you are Google, Amazon, Facebook or Microsoft remote teams will be far more talented than any office-based team you can build. Talent wars will be won by companies that have great remote work capability, who will wield it to dominate the next decade:
A physical office means you can hire the best person you can afford in a 30-mile radius, disqualifying you from 99.9% of the world’s talent.
Remote teams can hire the best person they can afford on the planet.
The most talented people are stipulating remote work as a condition of employment. Companies who don’t provide this won’t be able to attract the best people.
Companies who don’t give this to their existing workers will lose their most talented people to their biggest competitors.
The smartest people I know personally ALL plan to work remotely in the next decade.
The most interesting companies I know personally *ALL* plan to hire remote workers in the next decade.
Remote will be the dominant workplace of the best companies and people.
Office-first companies won’t be able to compete with remote-first companies in terms of efficiency, both economic and operationally. Not only will remote-first companies increase their average level of talent with each hire, they will be far more cost-efficient. City living is subsidized by companies, leading to a lower disposable and quality of life.
💰Real Estate Cost
Office-first companies spend $18,400 on average, per workplace, per person
The best remote setup on the planet costs $2,000 per year, coffee included.
Remote is $16,400 less a year, per team member, or a $16.4m saving per 1,000 workers.
Offices are instantaneous gratification adult kids clubs where it’s impossible to focus and do deep work without distraction.
Remote gives you the optimum workspace you need to do your best work.
⌛Output over Time
The only metric bad middle managers use to measure performance is time spent in the office.
Remote work is about how much work you get done focussing on productivity.
Today, companies live and die by their talent. Remote work will lead to the biggest disruption of the workforce in history. Great talent has more control than ever before to dictate terms of employment to their companies at the point they join a company and that will increasingly lead to them demanding to operate remotely.
The smartest people I know personally ALL plan to work remotely in the next decade
The remote workers I know would NEVER work for a company that wasn't remote again
The best companies I know personally ALL plan to hire remotely in the next decade
The remote companies I know would NEVER employ a worker than wasn't remote again
That's what non-remote companies are up against. The best, most exciting companies only offering remote work. Their costs will be significantly lower. Their average talent level will be significantly higher. At the same time, almost every talented person on the planet wants more remote working opportunities means this is the perfect storm.
How Do I Develop a Remote Strategy?
We built an all-in-one provisioning platform that lets companies develop a remote work strategy instantly.
We provide all the practical equipment remote workers need at the touch of a button. Firstbase takes care of everything as a monthly subscription per worker, including delivery, upgrades, maintenance, repairs, and collections when a worker leaves. We help you:
- Be more cost-efficient
- Comply with regulation
- Save time on onboarding
- Slash your real-estate costs