The modern day company or startup is completely different from it’s predecessor just ten years back. In the days before, every top boss had his own room and the employees were in cubicles. Now there’s a single room where the CEO is in the same room where the interns are.
In the past few years, the employees are not in the same room or the same city or even the same country, oh well, the same continent as well.
A remote team is where your employees are working out of different countries. More and more companies are choosing remote workers because of many reasons. Some are, there Is a talent crunch in the city you are in. If you are in Singapore, there are a lot of startups challenging each other for the talent pool in the city. But if you’re choosing your talent from the world, your competition gets lower.
Another reason a remote team makes sense is the cost. If in the valley you had to hire a programmer and pay him/her $1,20,000 a year, the same talent can be found in India for half of the cost. Emerging markets have immense talent coming out of them. Countries like India, Philippines are churning out world-class developers, designers and marketers.
A remote team keeps your cost low. You don’t have to get a huge office to seat your entire team you can remain lean. One of the best companies that hire remote worker’s is 37 signals the company behind Basecamp.
Imagine an office of 12 employees and the people come from Asia, Europe, Africa, South America and North America. The culture of the company is off the charts and you get such new views. New cultures bring new thinking and you can be a truly global company.
Another fun aspect is, bringing all the remote employees together. In a traditional setting, employees want to get away from their colleagues because they see and interact with each other on a daily basis. In a remote environment, people might have skype’d and chatted with their colleagues, but never met in person. It could be an exciting office trip where people get to know each other better.
A remote team also offers you the opportunity to open your business in many countries.
If you are in the service business, where there work is pretty straightforward, you can experiment with remote teams and try it out for your business. The World is getting smaller and you need to take advantage of it.