23 Mar Benefits of Virtual Teams
23 Mar 2020
There’s no doubt that the novel Coronavirus (Covid-19) has led businesses into extreme work challenges. To overcome these challenges, companies have shifted their working patterns and have embraced ‘Remote Work’ through the virtual organization or teams to avoid any negative impact on employees’ health as well as the business. Know the benefits of virtual teams you can make use of in your business process.
Employees who are working in a virtual organization, continue to perform their duties & contribute to their organization as per the work-from-home (WFH) policy. One detailed view we can pay close attention here to is that COVID-19 has boosted the trend in remote work that was already a key phase in the modern workplace. And during this crisis, companies have understood the importance of outsourcing software development as well as the importance of virtual teams built.
It is unfortunate that businesses in most industries are severely affected by the COVID-19 outbreak. Industries like Travel, Automotive, Manufacturing, Oil & Gas, Entertainment, Banking, and Education are severely hit while the least impacted industries are E-Commerce and IT. The IT industry has seen a minimal impact as Tech firms are typically more agile. The business is usually resistant as remote work is a norm in the IT industry and can be considered as one of the benefits of encouraging virtual teams in the organization.
To look at the greener side, the “remote-work culture” that’s being embraced due to the pandemic seems to be accelerating the ‘Hire Virtual Teams’, ‘Remote Team’ or ‘Team-as-a-Service’ model as it is the most beneficial way to hold the business continuum.
Advantages of virtual collaboration are many more while considering in your business journey as digitalization is polishing all traditional modes of communication and collaboration, while online digital teams have become the new trend and are widely accepted by business sectors for their agility in hiring and grouping suitable resources, effective time management, reduced infrastructure and maintenance costs, etc.,
With the suitable updates and solutions coming out from Microsoft like Teams, SharePoint, intranet, etc., for the collaboration, communication, security, & other drawbacks and issues that were faced by mobile teams, we can witness a greater number of businesses adopting this trend and hiring virtual employees for their company.
Let’s see how Work-from-home and Team-as-a-Service model are similar:
- Employers embrace the remote work culture
- Technology plays a vital role
- Increased use of digital channels
- Companies invest in the appropriate communication & collaboration tools for effective communication in virtual teams
- Improved digital employee experience
- More agile and flexible
- Better resource management
- Better work-life balance
Thus, it is very obvious that the Covid-19 pandemic is accelerating the future of work – Remote work.
With wide experience in supporting software development & IT companies with our ‘Hire remote developers’ model, we have witnessed accelerated interest in hiring virtual developers during the crisis as businesses in the service industry are trying to minimize the impact of the pandemic (Check out how we set up remote teams for a Microsoft Partner). And if you’re looking to set up a remote team, why not partner with us? Now, here we bring to you the advantages and benefits of hiring leading virtual teams and how you can avoid massive business impact with remote developers for hire. Before explaining the benefits an organization can get by embracing the virtual teams let us understand about the non-physical team and how it operates virtually in dealing with organizational goals.
What is a Virtual Team?
A virtual team is a group of employees scattered and working remotely. Virtual employees are spread across different locations/parts of the world i.e. geographically dispersed teams, distributed across different time zones but united by the same objectives. Further, these global virtual teams are brought together by telecommunication technologies. Online collaboration such as audio conferencing, video conferencing, web-based media, etc. forms the critical means of communication. Virtual teams are known to form the ideal project teams with qualified, skilled, and experienced personnel. The “Hire virtual team’ / ‘Hire remote talent’ model has witnessed a rapid adoption in the market as companies are trying to survive through the effect of the pandemic. Now, let’s talk about the advantages of virtual teams and how hiring remote employees during the pandemic can benefit your organization.
Here’s a strategy to build a strong remote team.
Importance of Virtual Teamwork
- Balancing Service Demand and Supply – Hire remote developers for uninterrupted business continuity
- Access to niche talent – Giving opportunities to a virtual team is the best way to meet project needs – whether long-term or short-term
- Cost Savings – Remote Teams help you save costs on recruitment, employee onboarding, training, infrastructure, etc.
- Virtual Teams are the Present and the Future – Every business is going to hire either a remote developer or an entire team to maintain business agility
Advantages of Virtual Teams:
- Ease of Management
We now see great concern among managers and business leaders as they’re looking for best practices for managing dispersed teams who are working from home. But due to the ease of managing virtual teams, they are largely hired and well known for the companies that why are digital teams important.
Managing remote teams is a lot easier as they’re highly skilled in handling projects and clients regardless of the different time zones. Simply put, Work culture during coronavirus (COVID-19) has directed managers towards a better way of work.
- Higher Flexibility
Distributed teams bring higher work flexibility than traditional in-house employees. They scale up in terms of workflows, are 13% more productive, and are not chained with schedules or operating hours. Homeworking is a norm to virtual teams and managers don’t have to worry about virtual communication challenges, loss in productivity, on-time project completion, team building, team meetings, and several other roadblocks.
- Improved Work Quality
Dedicated remote teams are believed to improve employee productivity by 43%. Working remotely means a better work-life balance, and a better work-life balance keeps employees motivated, happy, and more focused. Remote employees deliver better quality work as they claim to commute 78% lesser and have 78% less stress.
- Higher ROI on Technology Investment
Remote work means online communication, online messaging, online meetings, and online document sharing. And remote teams are meant to make use of technology to stay connected and deliver projects. Investing in modern virtual collaboration & communication tools gives maximum long-term returns to businesses, especially now in a situation where business owners are predicting a permanent shift towards remote work.
Why Hire Remote Developers?
The advantages of virtual teams are numerous, so here’s why you should hire them:
- You get access to global talent
- Higher productivity
- The use of technology breaks the silos
- Reduction in the employment/recruitment cost
- Higher flexibility
- Free hands-on choosing virtual teams that fit technology
- Faster business scalability
The benefits of virtual teams for an organization are not limited to the above, there are several other significant advantages to consider while having online teams such as affordability, diversity, higher employee retention, team management, and more. Businesses around the globe have achieved a competitive advantage by onboarding virtual developers to their teams as they make a good alternative to hiring in-house talent. Engaging remote developers for hire is a great way to avoid adverse business impacts. Though there are some disadvantages are present in hiring virtual teams that can be resolved by proper attention to it with the expert modern workplace service providers and yes it is obvious to know the pros and cons of virtual teams before hiring them.
If you’re looking to hire a virtual team for your workplace, contact us today!
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