The Future of Remote Work

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The Future of Remote Work

Covid-19 unexpectedly created the largest workplace experiment ever seen before. Many businesses were forced to let their employees work from home due to lockdowns, quarantines and forced isolations. With these upheavals in motion, what do they mean for the future of work? What does the term “digital nomad” mean? And why should individuals and companies consider remote work in Thailand?

While some companies are slowly getting workers back into the office, many have seen the benefits that remote working can have for employees and business. Before the pandemic, some employers believed their workforce would not be as productive at home, without a manager peering over their shoulders.

However, recent studies have shown remote working to increase productivity by up to 77% and curb burnout. Another option that has been seen to work well is the hybrid model, allowing employees to work from home part of the week and go into the office on one or two chosen days.

Remote working can help businesses save on costs such as offices, subsidized travel and reducing the spread of illness and the subsequent sick days. While there are many positives to remote working, is it here to stay? Let’s study the future of remote work and a few expert insights, so you can adapt your business accordingly.

7 Insights into the Future of Remote Work

1. Remote Working is Only Expected to Increase

According to experts, remote work is here to stay and set to increase into 2023. By 2025, over 70% of the workforce is predicted to be working remotely. Tech giants such as Facebook, Shopify, Twitter, Spotify and Dropbox have already implemented policies allowing employees to stay working remotely if they wish. So in effect, the future of work is already in place and is set to stay for the foreseeable future.

2. Employees Can Work Remotely and Not Lose Productivity

The largest area of concern for businesses regarding remote working has been that productivity may decrease. However, current data shows this not to be true, with studies showing how remote working can actually increase productivity and employee happiness, which is actually better for business.

3. New Processes and Policies Require Effective Communication

Many outdated work processes and policies will need revising to ensure a remote work model is effective. While remote working has been successful so far, many employees have reported feeling anxious, not knowing about their employer’s plans for future work arrangements. Communication with employees is key, to keep everyone informed about updates.

4. Performance Management Needs to Be Managed Differently

Work performance relies on employee well-being and engagement. Performance management will need to be adjusted accordingly to reflect the new work at home environment and the challenges that come with it. Some of this can be achieved through digital planning and video conferencing, alongside private meetings for one on one feedback.

5. A Hybrid Model May Offer the Best of Both Worlds

A hybrid model combines remote working with certain days in the office each week. Many companies are turning to this model to fulfil the demands of employees and the business. Big companies such as Ford, Microsoft, Target and Amazon have announced their intent to move to a hybrid work model. This type of working offers the best of both worlds, keeping business costs low and employee productivity and happiness high.

6. Remote Work Success Relies on Digital Investment

Remote work productivity will suffer if the employee does not have the right equipment and software. For home work to be effective, each company needs to invest in digital solutions such as virtual meeting tools, cloud storage and processing, business applications and fast Wi-Fi.

7. Not All Industries Will Suit the Remote Work Model

Remote working success depends on the type of industry. Tech, finance, healthcare, business services and insurance sectors are well suited to the remote work model. Healthcare is actually the industry with the highest amount of remote workers at 15%. Those industries relying on physical labour such as construction or factory work, have minimal potential to allow staff working remotely in the future.

Is Remote Work Here to Stay?

With multiple studies showing how remote work helps employees be more productive and a further study concluding working from home is better for mental health, it seems remote working has many benefits.

These findings should be a revelation for businesses, who may have been skeptical before the pandemic. By allowing a more progressive workplace where employees can have a better work–life balance, this is only going to have a positive effect on business.

Opportunity to Work Remotely from Abroad – The Rise of Digital Nomads

This shift to enabling remote working also poses a great opportunity for individuals who wish to become digital nomads to pack their bags and work fully remotely from a destination of their choice.  With endless options, what would you consider?  If Thailand is an option, check out this article here on Work Visa Thailand.

Worried about the troubles that may come along with switching to a remote-work set up for your organisation? Fret not – there’s a simple solution to help your business ease into this process!  Heard of GrabJobs before? GrabJobs is an efficient recruitment platform that connects thousands of employers and job-seekers around the world. With us, your recruitment process gets simplified – thus saving you countless precious hours. 

In just a single click, GrabJobs can help you post jobs to multiple platforms, reach millions of job seekers and attract the best of talents for your firm! The chatbot helps automate the candidate-screening task and increases interview show-ups by sending job-seekers interview invites and timely reminders. 

With a new category set out for remote work, your firm can now reach out to job-seekers who are on the lookout for WFH or hybrid work arrangements too! Trusted by over 20,000 global brands, GrabJobs is indeed the solution to all your recruitment-related problems. Start hiring better and faster today with GrabJobs!

Are you looking to make your first hire in Thailand? Here is an article on 5 things you should know about hiring people in Thailand

Looking to navigate the complexities of establishing your business in Thailand? Our Ultimate Guide to Employer of Record in Thailand sheds light on how engaging an EOR can streamline the process, offering insights and support for a smoother market entry.

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How Aster Lion's Thailand Employer of Record
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