Remote Working: A Synergized Approach to current business demands
The work environment across the world has changed, COVID-19 has triggered a mass exodus from traditional office life. The pandemic has transformed the traditional way of working, 2020 is shaping Remote Working as new normal. Never before so many companies experimented with a remote workforce, we hope this massive, unintentional remote staffing experiment will completely change the work environment in near future. This synergy is defined as merging of efforts bringing outcomes greater than the expected results, had the job been done by individual proficiency or capabilities.
Today, most businesses underscore the importance of coalescing their functions and services with a Remote Workforce, whether a person, a group or an organization, mostly overseas.
To be successful a synergized approach needed as creating a structured remote working environment requires a deeper implementation. CFO’s, Business Leaders acoss the globe are adopting new strategies, securing infrastructure for remote working & developing necessory tools required to re structure the woking process.
The change comes in two different terms, used interchangeably nowadays: Remote Sourcing or Remote Staffing. These terms may differ slightly in meaning, but the core message remains the same. Interconnectivity in the 21st century, among nations and races, takes on a new level. It is not much of competition, it is of interdependence.
Remote Sourcing or Remote Staffing? Where do the difference and the similarities lie?
You remote source when you contract out or entrust some of your functions or services to an external entity, or a third party that specializes on similar functions or services. There is no transfer of internal organizational control; only a process of networking services or functions with a third party, for a fee, to speed up the accomplishment of a specific goal or project. The Remote Sourcing may be done locally or overseas.
Remote Staffing is not similar to Remote Sourcing, but a network relation is typically done, with a third party or sub-contractor, overseas. You get a talented employee working solely for you at a remote location, for example working from home or third party contractor’s office. Hence the term, Remote Sourcing & Dedicated Remote Employee is the spawn of the two terms.
Once the pandemic subsides, many companies will explore the long-term potential of working remotely: A Gartner survey of 317 CFOs and finance leaders revealed that 74% of the CFO’s Intend to Shift Some Employees to Remote Work Permanently. Nearly Three in Four CFOs Plan to Shift at Least 5% of Previously On-Site Employees to Permanently Remote Positions Post-COVID 19. The primary reason to shift to remote work is, creating a next level productive environment. It will provide companies enhanced flexibility, cost saving and most imporatntly, saving the commuting time.
Delegating internal company functions and services, to a third party aims to save money, that could have been spent on recruiting, hiring, and training of additional manpower, improve quality of work, release company resources for other most essential activities, lowers cost on labour and benefits, as third party sub-contracting, though for a fee, is considerably lower than the total cost paid to a regular employee.
As non-core functions and services get remote sourced, focus on company competencies that really matter and which needs attention becomes possible.
This is how most smart business plays the game, today – and they are winning. Would you rather lag behind?