There is an obvious appeal that comes to mind when you first think about working remotely or building a distributed team. Many times, business owners find themselves weighing the pros and cons trying to figure out if a distributed team is the best fit for them.
Since Documo has decided to build a remote team, we would like to share some of the benefits of having a distributed team.
The ability to hire the best talent with no geographical boundaries
Instead of limiting your recruiting efforts and opportunities to those who are living nearby or are willing to relocate and make the daily commute to an office, you can focus on hiring the best candidates without worrying about any geographic restrictions.
The efficiency, productivity, and loyalty that comes from giving professionals the autonomy to do their best work from the comfort of home is a massive benefit to the company and its employees.
Remote teams have seen an overall increase in productivity
A lot of new data suggests that remote workers are actually more productive than office dwellers. According to a survey of more than 24,000 workers, 98% say “anywhere working” has a positive impact on productivity.
Remote workers can build true work/life integration and balance
The opportunity to work remotely gives your team the freedom to spend the time doing the things that are important, beyond work.
Allowing your team to work when and where they choose will produce better results, overall, than forcing them to work in an office during “business hours”.
Running a “virtual office” has much lower overhead
Office space is expensive. Furniture, electricity, business internet access, security and phone systems aren't cheap either. Not to mention the parking situation that comes with shared office buildings.
Remote teams have much higher retention rates than those that work in an office
Research from Owl Labs found that remote workers have a 25% lower turnover rate than those that work in an office environment.
Better retention means you spend less time and money training new employees and more time focusing on the goals and projects that move your company forward.
With those benefits it is certainly worth looking at whether a virtual office and remote team is the right solution for your company.