4 Emerging flexible working trends: What is in store for 2022?

As we progress into an increasingly digitized world, the concept of flexibility has taken center stage across industries. Much of the shock, and drastic overhaul, to the traditional work trends came at the hands of the pandemic but there is no denying that change was afoot. The modern workplace could not adhere to age-old standards and its limitations, especially since newer technological capabilities pushed companies to think outside the brick-and-mortar box. 

Given how work is conducted today, we are at an interesting crossroad. Do companies embrace complete flexibility, adopting remote-first strategies? Or is a hybrid approach better suited to the competitive landscape? Both have their merits, but it would seem that flexibility, in the form of remote working models, are in popular demand. As the numbers stand, one report found that 99% of people prefer to work remotely forever, while another report found that 77% of workers felt they were more productive in the WFH setting. 

Flexible work comes across as a win-win solution and it is very likely that this trend will not be phased out any time soon — or ever. The question is what’s in store for 2022? Here are some possible trends to expect. 

WFX: A likely mainstay for years to come

The concept of WFX suggests work from anywhere, so long as there is access to the internet. Stemming from the WFH model, WFX redefines the limits of remote work. Employees are all-in for such a model as it has the inherent benefit of flexibility and opens doors that were otherwise closed due to a lack of remote working possibilities. But WFX readiness isn’t at the acceptable levels from an HR standpoint. Even today, many struggle when handling all-virtual teams, as scattered network facilities, poor infrastructure, and inexperience act as roadblocks. Perhaps a sea change of these basic facilities will be the catalyst for global adoption. 

Asynchronous communication will be more popular

Historically, work was synchronous with communication, making the latter a key factor in productivity. But, as async workloads came to the fore, it wasn’t long before communication was untethered from the model, giving employees the flexibility to prioritize as they saw fit. This concept is best noticed with GitHub’s ‘we measure results, not hours’ policy. As remote working happens across different time zones, work gets done all the same without having collaboration take a hit. 

The upgraded home office – A soon-to-be standard

The pandemic forced companies to rethink their physical footprint, and many have ditched the idea of the office. As a result, the spotlight shifted to the next best thing— the home office. In early 2020, this may have looked like a well-lit space with a desk, good internet connectivity, and ergonomic tech. Going forward, companies are likely to pay more attention as they adopt either the hybrid or permanent remote work model. This means better infrastructure to enable work and ensure minimal downtime. Many companies are offering perks at shared working spaces, even ‘hotel desks’ to support the shift. 

Decentralization of the brick-and-mortar standard

Following the Hub and Spoke Model, flexible working in 2022 will not need an ‘office’. Digitally interlinked ecosystems are now doing away with the concept of these well-defined spaces, requiring companies to restructure accordingly. It is very likely that dedicated physical spaces for employees will get phased out and these spots will transform to serve as dedicated hubs for a wide range of company tasks. These may include hosting meetings, engaging in brainstorming sessions, celebrating milestones, and other such activities without the overarching burden of mandates. 

The virtual office is on the rise as well, altering the status quo on how administrative work gets done. These provide businesses with permanent digital real estate, replete with all the supportive services you would assume are needed otherwise, just in a more flexible medium. 

As the world inches closer to the end of the pandemic, it is important to know the trends that will define what the future will look like. As it stands, flexible work is here to stay and it is best that companies embrace the benefits on offer. Among the most important is the unrestricted access to a diverse talent pool, enabling seamless global expansion. For a strategic and efficient way to leverage remote teams, partner with Talent500. Access a network of the top IT professionals and build global workforces that deliver. Schedule a consultation today and stay ahead of the curve.

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Trending tools for the digital workplace

Workplaces today look a lot different than they used to a few decades ago. Since the pandemic, the digital workspace has witnessed a rapid shift in terms of the adoption of changing technology. As remote and hybrid work models are what employees are looking for today, organizations have prioritized digital transformation for their future growth. Even 56% of CIOs rank digital transformation as a significant tech priority in 2022.

There is no indication of the digital workplace slowing down any time soon, and therefore it will help to know about the tools that can serve as a catalyst for organizations in their digital transformation journey. Before we list tools that can help companies create digital workplaces, an overview of the underlying challenges will help companies envision the bigger picture.

Challenges of building a digital workplace

Organizational change

When you start cultivating digital capabilities in the organization, there is a need for wide-scale process changes. The company culture changes that result from adopting remote work can be a challenge to manage unless you are well aware of what changes virtualized workflows and digital collaborations will bring with it. The solution is to align your company’s corporate and technology goals so that you can use the proper tools to deal with challenges.

Continuous learning

As the digital transformation of business will affect all employees equally, people with less technological proficiency will be forced to adapt to these new tools. Your responsibility is to create a learning opportunity for all employees to operate digital tools. It would help if you also moderated the rate of introducing new technologies so that the employees have the time to learn. You must define what core competencies employees will need when they shift to a digital workplace. Finally, it’s also important to create a strategy for educating employees on new technologies and tools.

Redefining work-life balance

One of the reasons employees seek remote work is that it has the potential to offer employees a better work-life balance. A digital workplace environment should not strain employees; instead, should look at ways to help them be more productive. With the connectivity afforded by digital tools, it can be easy for the line between personal and professional lives to become blurred. You must ensure that the digital workplace is not exhausting the employees and causing burnout.

Once you address these challenges, you can utilize the tools listed below to create a progressive digital workplace. These tools can help digital workplaces increase operational efficiency and collaboration among culturally diverse and geographically distributed team members.

Tools for the digital workplace that every company can use

The cloud infrastructure

People are wearing away from the physical office space; IT infrastructure is shifting to the cloud. Cloud computing is the infrastructure that involves storing information over the internet instead of traditional local storage. The cloud is not a tool but the ubiquitous technology that any digital workplace will require to allow seamless collaboration among employees. With cloud infrastructure, it is possible to enable document sharing, collaborative project management, informed decision-making, etc.

Virtual personal assistant

As the digital workplace expands, there is increasing use of devices, technologies, and people. There is also a lot of data production that needs managing. Virtual personal assistants (VPA) are intelligent applications that help employees keep their productivity high by handling day-to-day activities, automating repetitive tasks, and aiding decision-making through analytics. VPAs act as an extension of your arm in a digital workplace, scheduling appointments, programming tasks, receiving calls, and replying to messages; the possibilities are endless. Depending on the requirement, you can deploy any available virtual assistance technologies like Siri, Google Now, and Cortana to help employees automate repetitive tasks and work smart.

Transitioning to ubiquitous computing

Another crucial digital workspace trend in 2022 is ubiquitous computing. It is a concept that has been forked from the Internet of Things (IoT). It simply implies that computers will be found in everyday devices, making them more intelligent and intuitive. At Microsoft’s Future Ready Conference in 2022, CEO Satya Nadella said, “We’re moving from a mobile and cloud era to an era of ubiquitous computing and ambient intelligence.” Ubiquitous computing is essential for a digital workplace as people will learn to work in an environment of ever-present digital assistants. You should focus on streamlining and simplifying the digital workspace using IoT technologies.

Information and knowledge sharing

Information researching is one of the biggest time killers when working on a new project. Organizations build support for employees through videos, documents, video conferences, and online courses, but finding the correct information at the right time in a digital workspace can be a challenge. Developing a decentralized knowledge base with SaaS tools like Jira and Asana will help employees find the correct information when they need it. With team collaboration software and enterprise intranets, you can create evolved digital workplaces.

Collaboration platforms

With a digital workplace, you enable teams to work from anywhere. Such distributed teams require reliable collaboration tools that allow connectivity anytime. Employees will need remote connectivity tools that allow for video conference calls, online project management tools, file sharing tools, etc. While the collaboration platforms you might use in a digital workplace can range from virtual messaging platforms to social tools, you also need to focus on data security. Collaboration platforms like Microsoft Teams, Jira, Zoom, and Asana can help you create a connected team environment. Such tools also allow employees to take ownership of their work.

Artificial intelligence

Artificial intelligence (AI) has reshaped almost every aspect of our lives, including work. As companies adopt assistive technologies to beat the competition, AI-backed solutions are helping the workforce with analytics data to improve production and boost workflow processes. Integrating AI in the digital workplace helps with customer support and increases productivity, but it can also automate the recruitment process, identify security risks and enable on-the-job training. The applications of this emerging technology will continue to expand significantly in the coming years. You need to adopt this technology and make your digital workplace suitable to integrate with future AI applications.

The 2022 tech landscape will continue to enable the digital transformation of businesses. Explore and pick the right tools to improve employee experience, facilitate collaboration, and boost ROI in the digital workplace.

Talent500 is helping companies of all sizes to hire, build, and manage teams for their digital workspace. We connect companies with elite talent across 50 countries. If you are looking for team expansion, request a consultation.

Helping your workforce upskill amid the automation revolution

As we continue to innovate and find new ways to leverage technology, displacement of some kind is inevitable. On the subject of workplace automation, which has been trending for a few years now, the opinions of the masses and experts are divided. Some believe that the fourth industrial revolution will take away jobs, and it will, but there is data to suggest that not everything is as bleak as it might seem. Reports like the Future of Jobs published by the World Economic Forum state that while around 75 million jobs will be displaced, around 133 million new jobs will emerge as well. 

So, what does this mean for the future displaced workforce? Simply put, it reiterates the need for reskilling or upskilling to best align with the changing times. Corporations and enterprises must take the lead here as machines will soon take over menial and administrative tasks. In 2018, machines did 29% of the work, and this number is slated to rise to 52% by 2025. 

A McKinsey report published in 2021 corroborates this and goes on to state that 1 in 16 employees will need to find a new job by 2030. This is where a workforce proficient at non-routine analytical tasks, technical familiarity, and critical thinking will need to take the reins. 

Preparing now seems to be the best way to get ahead of the revolution brought on by accelerated technology adoption. While 31% of organizations are worried about displacement within their workforce, and rightly so, be a part of the remainder that has done the needful to brave it while minimizing losses. To know how to do just that and build a workforce for the future, consider the following strategies.  

Assess and conquer

Before putting in any money or effort into initiatives, it is important to form a baseline. Companies should take the time to figure out the digital literacy levels across all employees. These skills vary with employees and not all responsibilities require as much digital literacy as others. This is where assessment comes in handy, and it helps companies determine what they are willing to accept as a bare minimum going forward. 

Once the early assessment stages are clear, conquering the shortcomings can begin. The road to creating a workforce that can align with the new division of labor is one built through a systematic approach. Without a baseline, it is possible that significant resources may go to waste. During the assessment stages, companies must also determine whether the goal is to upskill or reskill. These vary greatly from each other and are in no way synonymous as many may believe. 

In order to reposition effectively, companies can either: 

  • Upskill employees to be better at their existing jobs by advancing their practical knowledge to accommodate newer technologies or practices. 
  • Reskill employees to develop newer, more relevant skills that will help them take on a new position within the organization. 

Develop or borrow from an efficient digital training framework

To build a truly resilient workforce equipped to brave the storms brought on by the fourth industrial revolution, a proper training framework must be in place. These should categorize skills that are essential for work and those that are simply good to have. Based on existing models already in use across industries, here are a few skills that should be assessed and primed for development through such frameworks. 

  • Basic digital tools
  • Occupation-specific tools
  • Data ethics
  • Problem-solving using technology
  • Data safety and security
  • Digital devices and their interactions
  • Data manipulation 
  • Data analytics

A combination of these categories should form the roadmap as they target core areas for holistic development, be it reskilling or upskilling. 

Invest in training and continuous learning across the board

Companies looking to uplift their workforce through training and learning must utilize all avenues available for it. Interactive experiences are now not only possible but so much more engaging than training programs of the past. Today, companies have options such as: 

  • Online training courses
  • Certificate courses
  • Mobile learning
  • Personalized learning solutions

Each has its own merits and these can serve as incentives to better integrate learning and self-growth into the company culture. Remember, for any company, the goal should be to autotomize the learning experience, without making it a mandate that gets done because it has to. Digital experiences, especially from leading L&D companies, add value to both employee and company. As such, investing in the best is likely to deliver desired results that could very well lead to the success of the program. 

Institute a mentorship program

The mentor-mentee relationship is one that has immense potential. Here, companies can either have an in-house program that drives growth and culture or opt to outsource for their mentorship needs. In either way, employees get hands-on training and learn to be practical. Mentors are a trove of knowledge and for many new to the digital landscape, a mentor’s experience could be the difference between a healthy transition and one brought on through need alone. 

Digitize the experience 

Much like other experiences employees enjoy today, where convenience is a given, training for industry 4.0 should offer no less. Building familiarity is much easier this way, and showcases the true potential of modern technology. What’s more, digitized learning can make people-led solutions a lot more feasible. Where online courses and seminars lack, personalized portals and digital labs excel – offering customizability and potential for hands-on innovation.

Developing a digital learning lab also benefits the company as it can be tuned to gather insights. By understanding how employees learn, what modes work best, and which formats are the go-to, enterprises can spend their training dollars in a more effective and meaningful way. 

Whether the objective is to reskill or upskill, remember that either of the options is only a means to best utilize the company’s resources. It is not a substitute for hiring but can make the undertaking a lot more cost-effective. For many companies, hiring will continue to be a business-critical process. Technology companies could feature among these as they stand to benefit from a technically-proficient workforce. With remote working slowly becoming the standard, finding talent that suits the budget and can align with company objectives is easy, especially if you partner with Talent500

With access to over 200,000 pre-vetted professionals, harnessing the power of global teams is within reach. Our AI-powered tools promise a smooth hiring experience, for both ends, and can serve as an efficient solution for scaling goals. Schedule a consultation today and be part of the global remote revolution that’s leveraging talent in the best way possible.  

Compensation and Benefits across top 4 talent hubs

87% of companies worldwide say that they have a skill gap, or expect to have a skill gap over the next few years. The logical solution to this problem? Building globally distributed teams.

In the last few years, rapidly expanding businesses have leveraged the multiple benefits of recruiting across geographies. In order to assist you with your location strategy, we look at the top 4 emerging technical hubs globally and compare the essential hiring considerations. 

Poland

Often referred to as the “Silicon Valley of Europe”, Poland is one of the fastest growing technical hubs in the world. Poland’s robust educational system, focusing on core mathematics, science, and engineering knowledge is the perfect recipe for highly skilled tech talent. 

Another favourable factor is the country’s strong startup ecosystem. With over 37 tech parks, a strong business infrastructure, and equality supportive governmental policies, Poland has become the most desired hiring location for numerous businesses.

Terms of contract

An employment contract should be concluded in writing. Otherwise, the parties, contract type, and terms and conditions must be confirmed by the employer in writing at the latest on the work commencement date. According to the country’s labour code, the contract must specify:

  • Parties to the employment contract
  • Employment contract execution date
  • Type of employment contract
  • Work commencement date
  • Type of work
  • Place of work
  • Remuneration for work corresponding to its type, and a list of the remuneration components
  • Working hours (full-time or part-time)
  • Holiday entitlement
  • Notice period
  • Place, date and time of remuneration payment
  • The procedures for confirming arrival and presence at work and justifying absence from work

Working hours

  • The number of working hours cannot exceed 8 hours a day and an average of 40 hours per week in an average five-day working week. Under certain conditions, daily working hours can be extended and balanced by shorter daily working time on other days or by days off.
  • As a rule, overtime must not exceed 150 hours per employee in any calendar year. However, a collective work agreement, work rules or, in the absence of these, an employment contract, can provide for a higher overtime limit. In this case, employees’ weekly working hours, including overtime, cannot exceed an average of 48 hours a week.

Minimum wage

The minimum monthly wage in Poland is PLN 2,600 (EUR 585) to PLN 2,800 (EUR 630). 

Benefits

Mandatory employee benefits in Poland include pension (PPK), social insurance, and occupational medicine (OM). Supplementary employee benefits in Poland include private medical insurance, life insurance and business travel insurance. 

Pension
Since 2019, pension is mandatory for all employers in Poland. The new law is called Employee Capital Plan (PPK) and was introduced by The Polish Government to increase savings of the local nationals.

Social security
In Poland, social security consists of pension insurance, disability insurance, accident insurance, labour fund and sickness insurance. Both the employer and the employee are obligated to contribute to the Polish social security system. The employer is obligated to withhold the employee‘s share of the social security contributions and remit them to the Social Security Authorities (ZUS). 

Occupation Medicine

Every employer is obligated to conduct occupation medicine examinations for their employees. It involves tests to determine an employee’s individual predispositions to work in a specific position under certain conditions. In this regard, account is taken of any harmful and onerous factors in a given working environment.

Leave policy

  • Public holidays – 13
  • Annual vacation – 20 days (for employees with less than 10 years of experience) and 26 days (for employees with over 10 years of experience.)
  • Sick leave – 33 days for employees under 50, 14 days for employees over 50. Employers must pay their sick employees at least 80 percent of their remuneration for a certain number of days before the Polish Social Security Office (ZUS) takes over.

India

With over 340 million people having access to the internet, India is the second most connected country after China. The city of Bengaluru and the surrounding state of Karnataka is also the world’s 4th largest technology and innovation cluster, and home to more than 400+ global R & D centers. Out of 25 Fortune 500 retailers, about 10 have set up technology shops in India in the form of GCCs or global capability centers. According to Nasscom, the number of GCCs in the country is expected to grow at a CAGR of 6-7 percent to over 1,900 by 2025.

India’s universal digital literacy and deep internet penetration play a huge role in making it a highly accessible tech market. With 3.1 million students entering the workforce annually, the country’s sheer numbers give it a definite advantage. Along with the tech hubs of Bangalore and Hyderabad, India is now extracting the tech potential of tier 2 and 4 cities like Indore, Vadodara and Kochi, among others. 

Employment contracts

Labour law and employment in India requires the work relationship to be based on an employment contract. When recruiting or hiring  contract must include all relevant details such as:

  • The identities of the parties
  • The date of contract and commencement of work
  • Term of work
  • Roles and responsibilities
  • Salary 
  • Working hours 
  • Holidays
  • Termination details

Working hours

The average work week in India varies between 40 to 48 hours, depending on whether its a 5 day or 6 day week. Overtime is paid at double the rate of the normal pay.

Minimum Wages

India offers the most competitive labour costs in Asia, with the national-level minimum wage at around INR 176 (US$2.80) per day, which works out to INR 4,576 (US$62) per month. However, specific minimum wages vary on the basis of industry and geographical location. 

Leave policy

  • Public holidays – 3
  • Vacation days – 15 paid annual vacation days. A maximum of 30 vacation days can be carried over to the next year.
  • Sick leave – 15 paid sick leave days a year and receive 70% of their average daily wage. 
  • Maternity leave – 26 weeks paid leave, or 12 weeks paid leave in case of 3 or more children. 
  • Parental leave – No mandatory leave, government employees receive 15 days.
  • Casual leave: provided for urgent and unexpected matters. Casual leaves can typically range from 12 to 24 days annually. 
  • Work-related injury leave: Work injury benefits come from the contributions made towards the employees’ compensation and employees state insurance. Temporarily disabled workers receive 50% compensation monthly.

Benefits

  • Employee Provident Fund: The EPF scheme aims to build a sufficient retirement corpus for an individual. For every company with over 20 employees, employers need to contribute 12% of the employees’ basic salary.
  • Gratuity: All employees engaged in establishments with over 10 employees, having rendered continuous service for not less than 5 years (except in the case of death or disability) receive a gratuity payment from their employer at superannuation, retirement or resignation, or death or disablement. Gratuity is calculated at 15 days’ wages multiplied by the number of years of service.

Vietnam

At around 20%, Vietnam has the distinction of being one of the few countries to channel the biggest share of government spending in the education sector, which towers over the global average of 14%. Vietnam also gives out supporting policies, tax incentives, and favourable laws, creating an ideal environment  for hiring your global team.

Let’s take a look at the specifics:

Employment contracts

Employment contracts in Vietnam are either for an indefinite period, for 12 to 36 months, or fixed term contracts, for less than 12 months. An employment contract should include key terms of the employment relationship including:

  • Name and address of employer
  • Name, address, date of birth of employee
  • Description of job and working address
  • Time frame of the contract
  • Salary, payment type, date of payment, allowances and other benefits
  • Promotion and salary review system
  • Working hours and vacation
  • Details of social and medical insurance

Working hours

  • The standard work week in Vietnam consists of up to 8 hours per day, 48 hours per week.
  • Overtime cannot exceed 50% of regular working hours per day, 30 hours per month and a total of 200 hours per year. In special cases regulated by the government, the yearly maximum can be increased to 300 hours per year. Pregnant women who are in their 7th month or later or women with babies under a year old are not permitted to work overtime.
  • Overtime pay: 
    • The employee is paid 150% of salary on normal working days
    • The employee is paid 200% of salary on scheduled days off
    • The employee is paid 300% of salary on public holidays

Minimum Wage

Minimum wage in Vietnam is divided into the following categories: 

  • Common minimum wage – VND 1,490,000 (~US$64) This is used to calculate salaries for employees in state-owned organizations and enterprises, as well as to calculate the social contribution for all enterprises. 
  • Regional minimum wage – used for employees in all non-state enterprises based on zones as defined by the government. Divided across 4 regions, this can range between VND 2,920,000 (US$ 125) to  VND 4,180,000 (US$180).

Benefits

Vietnam has the standard requirements when it comes to employee benefits – employers need to provide compulsory social, health, and unemployment insurance. Employers usually withhold employees’ contributions from their salary and directly transfer them to insurance companies.

Companies with more than ten employees should make a mandatory contribution to unemployment insurance. Foreign nationals with local employment contracts have mandatory contributions only towards health insurance. 

  • Social Insurance – 17.5 % (Including accident, retirement, sickness & maternity and gratuity contributions.)
  • Health Insurance – 3%
  • Unemployment Insurance – 1.00%

Additional benefits

Some employers provide a 13th-month salary as a bonus. Others provide additional days of leave per year, and even private health insurance.

Paid time off

  • Public holidays – 16 
  • Annual leave – 12 vacation days of leave per year.
  • Sick leave – 30 days (if they have paid the Social Insurance Fund for less than 15 years) and 60 days (if they have paid more than 30 years to the Fund). Employees are entitled to 75% of their salary for sick leave pay.
  • Maternity leave – paid maternity leave for 6 months, which increased by 1 month for each additional child. Employees receive 100% of their regular salary, paid by the Social Insurance Authority. Salary during the maternity leave period is capped at VND 29,800,000.
  • Paternity leave –  can range from 5 to 14 days. New fathers receive 100% of their regular salary paid by the Social Insurance Authority.
  • Other leave – employees can take 2-3 days of paid leave in the event of a wedding, or a death in the family.

Indonesia

The past few years has seen Indonesia emerging as one of the biggest tech giants of Southeast Asia. The country offers great potential for entrepreneurs who need excellent tech talent, a supportive tech ecosystem to build their remote teams, and accelerated market penetration.

Employment contracts

Employment contracts can be either for a fixed term or of an unspecified duration (usually limited to 2 years, after which they must be renewed).

Fixed-term employment contracts must be written in Bahasa, the official language of Indonesia. If not in writing, fixed-term employment contracts are deemed indefinite-term employment contracts. 

All employment contracts should specify:

  • Job responsibilities
  • Salary in Indonesia Rupiah (Rp)
  • Benefits
  • Rules around termination

Working hours 

  • The average work week is 40 hours, which can be divided over 5 or 6 days. 
  • Any work beyond the 40 hours in a week is considered overtime. An employee can perform overtime work for a maximum of 4 hours per day and 18 hours per week.

Leave policies

  • Public holidays – 16 
  • Annual leave -12. All employees are entitled to an off on ‘Cuti Bersama, intended to encourage domestic tourism
  • Sick leave – no specific number. As per Indonesian law, Employees receive the following sick leave allowance if they provide medical confirmation:
    • Full salary for the first 4 months of sick leave.
    • 75% salary for the next 4 months
    • 50% salary for the 4 months following
    • 25 % thereafter until the employer ter­minates the employee contract
  • Maternity leave – 3 months of maternity leave ( employees receive their full salary during this period.)
  • Parental leave – Employees are entitled to 2 days of parental leave for marriage, death, baptism and circumcision.
  • Menstrual leave – Female employees can take leave on the first and second days of menstruation.

Minimum wage 

The minimum wage varies from region to region and ranges from IDR 1,798,979 (USD 123.85) in Central Java to IDR 4,416,186 (USD 304.04) in DKI Jakarta. Find a detailed list of region wise minimum wages here.

Benefits

Health Insurance: With rising health costs, health insurance is the most attractive employee benefit in indonesia. Employers contribute the following percentages for employee insurance: 

  • Health Insurance – 4.00%
  • Old Age – 3.70%
  • Pension – 2.00%
  • Death – 0.30%
  • Work Accident – 0.24% – 1.74%

Additional benefits

Employees receive a yearly payment called the Tunjangan Hari Raya (THR) payment, before their longest religious holiday. THR is a one-time salary for employees who have been with the company for 12 months. If the employee has been working at the company for less than 12 months, they receive an amount proportional to the length of their employment.

Thinking about building your global team? Take the first step towards building your distributed workforce with Talent500. Our team of experts and network of highly skilled professionals help you build your global team in over 50 countries. Ready to take the first step? Set up a consultation with our team here

Upskilling for SaaS: 5 Skills required for building a career in the industry

SaaS (software as a service) is here to stay. It is abundantly clear that it is the future for many industrial models, even going as far as to branch out into the XaaS (Everything as a service) model. For developers and IT professionals, this means an entire world of opportunities, but not without upskilling. 

Currently, the SaaS industry is worth north of $145 billion, with an annual growth of 18%. Additionally, its adoption rate is worth noting too, as research found that 99% of companies will employ at least 1 SaaS solution by the end of 2021. 

Besides adoption, there’s better scope for professionals to earn higher incomes too. In India, SaaS firms reported paying salaries that were 30% higher than the traditional IT companies that offer services. Naturally, this is good news for developers but at the same time, it is a wake-up call for those that chose to be non-believers. 

The good news is that, it isn’t too late to get on board. In order to upskill for the SaaS market, developers must focus on skills above and beyond the technical aspects. It will be a combination of product engineering, marketing, management, and even sales to some extent. 

To know what it will take to upskill for the SaaS industry, take a look at the following pointers. 

Problem-solving capabilities

Considering that any SaaS developer worth their salt must be proficient in cloud computing, being able to solve problems is also a prerequisite. Firstly, in order to succeed and provide value, critical thinking is essential as this industry isn’t like the traditional IT space. Due to cloud computing, processes are usually on shorter deadlines and may require hotfixes that go live at the earliest. 

As such, engineers in this field have the required training to be problem solvers. As most developers will be working in teams, solving major issues in a collaborative format will demand ample technical prowess. From process management to design and even security, this skill is of utmost importance. A good starting point would be to familiarize yourself with the various cloud architectures. Being proficient at the commonly used platforms via specialized courses will give you a leg up when it comes to problem-solving. The more adept and knowledgeable you are in working with a given cloud platform, higher will be your contribution to the team.  

SaaS security

With how popular the SaaS model is, it is important that developers pay close attention to security. In fact, data security and its protection are top concerns for most professionals working in this industry and for good reason. Considering that services rely on the cloud, vulnerabilities jeopardize critical and sensitive data of everyone in the system. Naturally, oversights here are usually catastrophic, resulting in costly damages. 

In fact, data published in late 2019 found companies claiming that their employees were a weak spot in their security. So, to avoid being a liability and to ensure that good cybersecurity habits translate over into your work, effort must be made to understand SaaS security. Cybersecurity awareness training is the first step here and is crucial to making it second nature going forward.  

Compliance skills

Sharing similarities with security, compliance is another field that professionals will have to get accustomed to, and learn to work with. Since SaaS positions the offering directly to the enterprise or the end-user, there are data privacy and information security standards that must be adhered to. These may be industry-specific standards, completely fleshed out with a proper framework, or other standards of equal specificity. In any case, it falls onto the developers to know how to work within these norms and ensure that there’s no exposure to non-compliance when working with a vendor.  

Data management

For many developers, data management was just another field that didn’t pique their interest enough to follow full-time. However, with the shift in the landscape to XaaS models, data management can no longer be ignored simply because data is everywhere. Take IoT, for instance, which has several data points requiring a skilled developer to know how to best leverage them for optimal function. 

This includes its storage, accessibility, implementation and auditing. In some cases, data analytics and integration may also factor into the mix. So, to ensure that you’re up to speed and can handle what will likely get thrown your way, getting well-versed in languages like Hadoop and MYSQL, alongside others, may be a good starting point. 

Content personalization and digital marketing

It would be wrong to assume that upskilling for the SaaS industry means honing your technical skill alone. While you will be required to be proficient in popular programming languages and platforms like Python, JAVA, PHP, Linux, and others, employers need more. The job now demands a greater level of innovation as SaaS solutions become part of every mode of operation. For instance, IT specialists are now required to create solutions that work within the organization, automating menial tasks to increase efficiency across employees from different departments. 

So, the task here is for the IT specialist to come with a customized solution that works within the given infrastructure. Besides being able to customize on demand, the SaaS model has a hand in almost every digital service offered. As such, being aware of the key fundamentals of e-commerce, digital marketing, and design may be necessary. Only by understanding key problem areas for such industries will you be able to innovate sophisticated solutions that solve real problems. 

As the SaaS industry continues to evolve, teams that employ such specialists will, as well. It won’t be long before the lines between developer and administrator are so blurred that it becomes indistinguishable to tell the two apart.

After all, this pace of change is why many get into the IT space to begin with. So, embrace it and reap the fruits of upskilling to be part of an industry that is changing how the world interacts with software. To integrate yourself into teams that will be tomorrow’s changemakers, sign up for Talent500

Join the elite global talent network and feature among the professionals destined to make it big. The platform provides you with tools to embark on a #limitlesslearning journey and continue to climb new heights as a professional. Sign up today to leverage opportunities to work with tech leaders across the globe. 

EOR vs. Entity: choosing the right model for your business

Global expansion has become more of an imperative for businesses than a choice. Setting up a new entity in a foreign country is, however, not an easy task and requires commitment and extensive planning around a long-term business plan, the infrastructure, employment law, compliance, and regulatory frameworks. Less than 25% of US-based companies that expand globally are successful, mainly because they do not understand the local laws of the country they enter. Naturally then, the first step is to decide the most efficient and the most secure way to enter this uncharted territory. 

Every company that decides to explore cross-border expansion has two routes.

Setting up an entity 

This is the traditional way of expansion, where a company sets up a legal entity in new geography in the form of a foreign branch or subsidiary. Setting this up from scratch requires multiple steps that can take anywhere between a couple of months to over a year. To lay the foundation for their new business, the most important steps include getting the entity registered with the country’s local authorities, opening a local bank account, consulting with a team of local legal, financial, and HR consultants, ensuring compliance with tax and statutory laws, and recruiting their team. 

Employing an EOR

With the Employer of Record, you don’t need to have a legal presence in the country. An EOR is a third-party organization that specializes in handling all the legal and operational requirements of building a global workforce for its client companies. They manage the hiring, payrolls, taxation, benefits, and legal compliances for this new branch, relieving the company of the time and risks of doing it all themselves. 

Picking the right fit

Every company deals with its own set of requirements and restrictions, which is why there is no one-size-fits-all solution when it comes to global expansion. The trick is to find the expansion model that works best for you. 

Here are some key questions companies need to ask themselves:

1. What is the purpose behind setting up operations in a foreign country?

Is it for entering a specific market long term, or getting access to certain resources that are available exclusively at a particular place? If yes, then setting up an entity might be a better option for you, keeping in mind that most countries offer a wide range of tax benefits and write-offs in the case of foreign direct investment. 

However, if your reason for expansion is to tap into the talent pool of a specific country, or for the completion of a short-term project in a new country, then an EOR could be a more viable option.

2. How much capital are you willing to invest? 

One of the biggest considerations when setting up a subsidiary or foreign branch is the money that you will have to invest. Take into account estimates for the costs of a physical structure/address, registering with local tax and labor authorities, opening local bank accounts, setting up payrolls, and linking up with the correct official authorities. Seems like a handful? Now add the cost of liaising with specialist tax consultants and employment lawyers, as you will have to constantly stay in touch with them. Finally, that leaves us with the recurring cost of maintenance and winding up (if things don’t work out). These costs will be significantly lower in the case of an EOR. Being in the business of setting up and managing global teams, an EOR will have in-house financial and legal consultants, as well as experienced personnel to manage the various aspects of talent acquisition and retention. 

3. Are you committed to establishing a long-term presence in the new geography?

If you are confident that entering this market is the right decision for the business, or if the business already has a roster of loyal contractors in the chosen country, entity setup can be a worthy commitment. Most countries want to increase foreign infrastructural investments and therefore offer numerous tax exemptions to companies setting up their foreign branches. On the other hand, if you’re still weighing your options, or want to set up this new foreign branch only for a short-term project, then entering through an EOR would be a safer bet.

4. What is the timeline to begin operations? 

If you are certain that you want to establish a firm presence in the foreign market and set up a base for years to come, then establishing an entity might give you better returns in the long run. However, setting up an entity can take anywhere between 3-12 months, depending on how investment-friendly the local legal regime is. Alternatively, if your presence on foreign soil is for a limited period of time – like a special project for a third party, completion of a time-bound goal, or if you want to test the waters before a full-fledged investment, then the EOR route is better suited. With an established base in the desired country, the EOR enables you to start operations almost immediately. 

5. What is the desired size of the workforce?

The size of your team plays an important role in determining the route of expansion. When it comes to hiring and onboarding a limited number of employees, an EOR will certainly prove to be faster and more cost-effective. EORs have their own set of trained experts who can handle these processes, thereby reducing the client’s resources and simultaneously empowering them to focus on other aspects of the business. On the other hand, in the case of larger teams in a single country, having its own foreign entity enables companies to operate without any restrictions, while facilitating faster decision making. 

6. Would the business benefit from the presence of local leadership? 

Companies today rely on employees around the world, especially in leadership roles to leverage their diversity and local expertise to gain a competitive edge. In the case of an entity setup, businesses can leverage the presence of local leaders to effectively navigate the complex legal overheads and challenges when entering a new market. Conversely, if your new workforce does not require regular high-level decision-making, then choosing an EOR would be favorable.

To sum it up

Whether a company decides to set up a new legal entity or enter a foreign country with the assistance of an EOR, there exist certain advantages and limitations in both these routes. If the agenda behind the international expansion is the establishment of a definite physical and legal presence for a long period of time, then setting up an entity would be favorable. However, if a company wants to expand quickly and in a short duration of time, then taking the assistance of an EOR is immensely beneficial and cost-effective.

We hope that this blog post has been able to give you a holistic view of all the factors that weigh in on your decision; should you want to dive deeper, our team of consultants would be delighted to assist you with more information. At Talent500, we are helping global companies hire, build and manage global teams in 30+ countries by acting as their Employers of Record. We aim to transform high-impact companies by giving them access to a worldwide community of highly skilled professionals transcending geographical boundaries. Sign up here to take your first step towards global expansion!

Tips to manage a cross-cultural distributed team

  • As the appetite for innovative products, services and solutions accelerates, diversity of thought is becoming a business necessity
  • McKinsey found that companies in the top quartile for racial and ethnic diversity are  35% more likely to have financial returns that exceed their respective industry norms.
  • However, workplace diversity in itself does not by itself guarantee greater business success. Leaders will need to work hard to build trust and respect between people of diverse backgrounds in a distributed workforce so as to augment cross cultural communication and collaboration
  • It’s important to cultivate cultural intelligence or meta-cognition across the workforce. This enables your teammates to pay attention to cultural context in shaping the way they do business – such as an awareness of differences in communication style 
  • Teams can be better prepared for misunderstandings that arise from cultural gaps if leaders encourage mutual learning between everyone in the company. To this end, GitLab Inc, the platform for developing and collaborating on code, even created a comprehensive Cross-Culture Collaboration Guide for its employees who are based in 45 countries
  • Establishing organisational norms that are either culturally neutral or negotiated for the entire team to follow gives employees a framework to follow. Buffer’s Code of Conduct has specific guidelines on expected and unacceptable behaviours.
  • Identifying employees who can act as “cultural brokers” can be hugely helpful in addressing cross-cultural conflict.  Gojek, the Indonesian super-app trains aspiring Gojek programmers and data scientists on navigate cultural differences by giving them the opportunity to work with people of different nationalities during holiday internships
  • If leaders take the effort to create a climate that consistently encourages and supports cross-cultural consideration, it will pay off in the long run. The resultant cooperation and cross-cultural creative collaboration can give companies an edge over the competition. 

Against the backdrop of aggressive and widespread business disruption, organizations ranging from AbInBev to Zapier are leveraging the advantages of a distributed workforce to boost organizational innovation. The importance of cross cultural teams have of course been long trumpeted, but as the appetite for innovative products, services and solutions accelerates, diversity of thought is becoming a business necessity instead of a lip-service pleasantry.

Harvard Business School professor Roy Y.J. Chua points out the presence of team members from different backgrounds and experiences can stimulate new ideas and approaches to problem solving. “The more your network includes individuals from different cultural backgrounds, the more you will be creatively stimulated by different ideas and perspectives,” Chua comments. “Importantly, these ideas do not necessarily come from the network members who are culturally different from you.” And this competitive edge can result in increased profits. McKinsey found that companies in the top quartile for racial and ethnic diversity are  35% more likely to have financial returns that exceed their respective industry norms.

However, workplace diversity in itself does not by itself guarantee greater business success. It’s one thing to assemble your cross cultural team, but it is quite another to lay the groundwork –  ie an organization’s systems and structures – to enable trust and respect between people of diverse backgrounds in a distributed workforce so as to augment communication and collaboration, but at also harness differences to power new approaches and solutions. Here are some key practices recommended for those leading multicultural distributed teams.

Cultivating cultural intelligence 

Leaders and teams with cultural intelligence or meta-cognition have the ability to pay attention to cultural context in shaping the way to do business, assess and select an appropriate response, and develop strategies for future encounters to improve effectiveness in culturally diverse situations. “I often compare it to the heightened awareness you have when driving in a foreign city where you will pay more attention to the road signs and traffic signs” Chua says describing meta-cognition.”It’s this kind of heightened awareness and reflection about what I think about other cultures and how other cultures think about me that helps cross-cultural creative collaboration.”

To illustrate the need for cultural intelligence, take something as simple as a meeting between two team members in different geographical locations – let’s say Japan and Brazil – can be fraught with complication. Time is, after all, relative. In Japan, it is important to be on time, or punctual, for an appointment, but in Brazil, flexible punctuality is characteristic of business etiquette. These differing attitudes to punctuality can lead to frustration and misunderstanding, especially if cultural context isn’t taken into consideration. 

Similarly, communication styles vary from culture to culture, so while Americans prefer direct and frank discussion, Chinese or Indians often prefer information, especially if it’s negative, to be communicated in a more diplomatic manner. These conflicting approaches can have an adverse effect on team relationships, which in turn can negatively impact collaboration and productivity.

Conflicts that arise from intercultural interactions in distributed teams are the result of behaviourisms and communication based on language, culture, assumptions, experience, and expectations. Teams can be better prepared for misunderstandings that arise from cultural gaps if leaders work hard to build cultural awareness across the company, with the following in mind:

  • Encourage mutual learning between everyone in the company – to probe differences within the team with curiosity rather than contempt.
  • Instruct colleagues to observe both their positive and negative interactions with people, and learn from them. 
  • By identifying the nuances that exist among cultures and how those differences impact business practice, employees will be equipped with the information and confidence needed to successfully collaborate and conduct business across cultural boundaries. To this end, GitLab Inc, the platform for developing and collaborating on code, even created a comprehensive Cross-Culture Collaboration Guide for its employees who are based in 45 countries
  • Run workshops to foster cross cultural team building

Organisational ground rules for cross cultural teams

Establishing organisational norms that are either culturally neutral or negotiated for the entire team to follow gives employees a framework to follow. These protocols or norms clarify performance expectations that supersede cultural idiosyncrasies. Buffer’s Code of Conduct has specific guidelines on expected and unacceptable behaviours for everyone on the team to follow.

This is especially critical when team members are working in different geographies and time zones. Leaders can define expectations for timings (how late is too late) or establish a common language for meetings (when to use direct communication and when indirect is better) which is the most convenient for the business to grow. They can also indicate in which cases flexibility is permissible, and set the consequences if rules are not respected.

However, it’s equally important for leaders to also keep an eye out for those on the team who might have difficulty in meeting these standards or need additional resources. If, for instance, a leader who wants to hold an all team brainstorming session, but recognizes that some team members can be reticent due to their cultural upbringing, they will need to take extra care to explain the importance of this process, and maybe even run them through some smaller brainstorming exercises to help them become more confident. Leaders can even run an asynchronous text-based group brainstorm via a discussion board. Not only does asynchronous communication tools make complex issues simpler to follow and understand, but it can give the more introverted and diffident members of the team a safe platform to share their opinions.

Addressing conflict 

Even with cultural sensitization, it’s inevitable for misunderstandings to occur. To help employees, one way for leaders to address cross-cultural conflict, as stated earlier is to make sure your team is aligned on which tech tools to use to communicate; for instance using asynchronous channels for project discussions between teams with different cultural and linguistic backgrounds can ensure that details and nuances are not lost or misinterpreted.

Identifying employees who can act as “cultural brokers” can be hugely helpful in addressing cross-cultural conflict. Sujin Jang, writing for the Harvard Business Review, describes cultural brokers as “team members who have relatively more multicultural experience than others and who act as a bridge between their monocultural teammates.” They help colleagues reach outside their silos to build a rapport, can mediate misunderstandings or disagreements, and be a role model. 

Having even one cultural broker in your workforce can go a long way. Based on studies involving more than 2000 global teams, Jang and her colleagues found that diverse teams with at least one member who acted as a cultural broker outperformed teams without one. 

For Gojek, the Indonesian super-app, putting this into practice starts as early as their holiday internship programs. The company trains aspiring programmers and data scientists through GoSquads, with many of the graduates returning to work at Gojek, the Jakarta Post reports. One of the benefits of the programs is that interns are able to work with people of different nationalities, including Indians, Singaporeans, South Africans and Ukrainians. This gives them the opportunity to learn how to navigate cultural differences.

Accept some business inefficiency as functional

Cross cultural management can be difficult. Multicultural distributed teams need time and support to learn relevant cultural knowledge,  and become more adept at understanding and dealing with differences among cultures. Fostering sensitivity and empathy requires a lot of patience.

The good news: this will pay off.

In terms of the Tuckman model, once teams put in the required effort in learning about each other and their differences, it will result in higher performance. With distributed teams, this means that more mindful interactions can foster trust which in turn makes collaboration more effective.  Employees are more willing to share new ideas with open-minded teammates in a “psychologically safe environment”, which in turn can fuel outside-the-box thinking.

Conclusion

Managing cross cultural teams can bring their companies unparalleled levels of productivity and creativity, but only if leaders lay the groundwork for employees to work together across different cultural and logistical divides.

Team members need opportunities to learn about the  business cultures of each individual members’ countries, evidence of the benefits, and recognition of positive outcomes to steadily work towards intercultural team competence. This is easier said than done. But if leaders take the effort to create a climate that consistently encourages and supports cross-cultural consideration, it can ultimately become intuitive. And the resultant cooperation and cross-cultural creative collaboration can give companies an edge over the competition. 

Why culture is everything for your distributed team’s success

  • Most business leaders know that building a strong work culture for their distributed team is important, but many aren’t sure how to go about it
  • Leaders can take a cue from Buffer which established its values after a team discussion, and set norms for behaviour for everyone to follow no matter where they were located. Buffer also tries to help build personal connections between team members, and continually solicits feedback to improve their company culture.
  • Part of setting up work culture values and behaviours is accounting for cultural differences within the team
  • Leaders of successful distributed teams are responsible for blueprinting their desired culture and then making sure that it stays alive and kicking. 
  • Work culture has a direct impact on business profitability. It contributes to employee engagement and productivity that affects revenue. It can also lead to a rise in stock prices. And it helps attract top tier talent.

Asking business leaders what great ‘work culture’ constitutes is a little like the old fable of the three blind men and the elephant. Asked to describe it, the men each touch a different part of the animal, and therefore each has a very different point of view. While none of them are able to provide a complete account of what the elephant looks like, each is right in their own way.  

Similarly, while all business leaders know that a strong work culture is critical for their distributed teams to be successful, most only have a slight idea of what it is made up of and how to build it. This is not to say that there is a one-size-fits-all approach. Leaders can draw some comfort from Richard Branson, founder of the Virgin Group, who somewhat vaguely put it this way: “There is no magic formula for a great company culture. The key is to treat your staff how you would like to be treated.” 

However, to only go by Branson’s advice would be a grave mistake. Leaders will have to work hard – really hard – to create an atmosphere that is attractive and supportive, in which distributed team employees can achieve organizational goals through established and shared values and beliefs. It is crucial for business success.

Building work culture for a distributed team

Pertinent guidance can be gleaned from the way Buffer builds company culture for its fully distributed team of 90 people living and working in 15 countries around the world. Hailley Griffis, Buffer’s Public Relations Manager points to shared values such as openness and inclusivity, and clear guidelines on communication and accountability as integral to the company’s culture.

 “The key thing for us was setting values as a team in the early days and having everyone agree on them,” she comments. “[We] make sure everyone knows that their voice is valued in each discussion about continuing to create culture. [And we] ask the Buffer team for feedback in Slack and in surveys, and implement that feedback.”  Buffer also tries to help build personal connections between team members through optional events like pair calls, informal chat opportunities on fun Slack channels, and also organizes retreats at least twice a year. 

Along the same lines, FlexJobs holds a monthly virtual lunch for its distributed team of 60 employees and 40-plus contract workers. Zapier’s team creates chat rooms around people’s interests, such as amateur radio, cooking, and science fiction. “Some companies would shut that down because it’s not work-related, but in a remote company, people need a place to blow off steam,” CEO Wade Foster points out.

In setting or building work culture for their own distributed teams, leaders would do well to take their cue from Buffer, Zapier and FlexJobs by establishing clear values for their organization, promoting an inclusive environment, and setting up channels and norms for clear and open communication.  

Furthermore, creating employee friendly policies and programs such as career development workshops, sensitization workshops, code of conduct guidelines etc will go a long way in helping your team members feel part of one unified company.

Leaders will also benefit by continually evolving and reiterating work culture. For this to work, listening to feedback from team members is the only way to keep it relevant and alive. It has to be a two-way process.

Managing cultural differences

Running a team whose members are located in different countries means accounting for cultural differences when establishing the company’s work culture. This means acknowledging the elephant in the room: differences in language and culture can affect collaboration. It can seem like a tricky hurdle to cross, but leaders, by instilling respect for other cultures as well as inclusivity as part of the team culture, can create a comfortable working environment for everyone. 

Work culture starts with leadership

Creating and maintaining a strong work culture takes deliberate and constant attentiveness – and this starts with the leadership of a company. Leaders of successful distributed teams are responsible for blueprinting their desired culture and then making sure that it stays alive and kicking. 

To this end, leaders need to live and breathe their work culture, in effect being the change they want to see so to speak. They need to demonstrate the values they espouse, and follow the established norms of behaviour they set, in the way they communicate, interact with the team,  and perform their work responsibilities,  otherwise employees won’t take it seriously. 

Yes, work culture has an impact on your top line

Brian Chesky, CEO of AirBnb sums up work culture’s importance for a distributed team succinctly, commenting “The stronger the culture, the less corporate process a company needs. When the culture is strong, you can trust everyone to do the right thing.” 

So employers who are able to create a positive digital environment for their distributed team will find that it strengthens employee engagement with the company, and that this translates into productivity. Case in point: a survey by Deloitte found that 83% of executives and 84% of employees surveyed rank having engaged and motivated employees as the top factor that substantially contributes to a company’s success. On the flip side, a study cited by Harvard Business Review found that disengaged workers had a higher percentage of absenteeism and upto 60% errors in their work. It’s not too much of a stretch to say that its culture can mean life or death for your business.

Leaders may also be pleasantly surprised to learn that working towards making their company  one of the ‘best places to work at’ as a result of its work culture, is not just a feel-good achievement. It can literally pay off.  The stock prices of Fortune’s “100 Best Companies to Work for” rose 14% per year, while companies not on the list only reported a mere 6% increase in their stock prices – a small but statistically significant effect. Adding to this, being known as a top company to work at can help attract talented candidates who are looking for companies with values and ethics in their business model, not just profit – a definite advantage for mid market firms given today’s competitive market.

Conclusion

When employees talk about ‘a good work life’, they are referring to a culture that can very much be built. While this may prove challenging for leaders to implement, it’s worth the investment. The effort in building a culture of trust, and respect  will result in dividends, growth of the company and more importantly, proud employees.

Will ‘Work From Anywhere’ work for organizations in the long run?

Gig-workers and job seekers have long been fascinated by the concept of remote work because of the flexibility and the autonomy it brings with it. They were drawn by the allure of choosing to work on their own terms like a moth to a flame. The options were aplenty – work as an FTE or as a contractor, from home, a cafe, or while globetrotting.

Come pandemic, the WFH model was a welcome change. As more and more professionals get vaccinated, WFH is becoming the “Work From Anywhere” or the WFX model. Every day, companies are adopting hybrid or remote models of work and the debate about whether or not working from home is truly beneficial continues.

While WFX has its own challenges like measuring output, building trust, dealing with diverse employees separated by time zones, overcoming distractions, and even unplugging after work, leaders are addressing the shifting landscape of industries. Upgraded workplace policies have been implemented to cater to these challenges. For example, Automaticc’s remote work policy states that every employee should be assigned a mentor in the same time zone. One clear indication of the effectiveness of some of these newer policies, is a report by Google Analytics Survey, claiming 80% of the employees still want to work from home at least some time of the week. Seeing the current scenario and the response of employees, employers, I think the WFX model will thrive.

Today, access to talent is no longer constrained by geography, thereby giving recruiters the opportunity to explore the candidacy of diverse candidates. From sourcing and assessment to interviews, HR can evaluate candidates in a fully virtual environment. After going remote, Infosys started using an internal app named LaunchPad, which helps them onboard employees virtually. New employees are sent identity cards directly on their smartphones and are given the option of choosing between working from home or the office. Moreover, companies are no longer restricted to hiring only from tier 1 cities and talent hubs and as a result, we at Talent500 are noticing a remarkable increase in employment opportunities for candidates in tier 2 & tier 3 cities like Kochi, Indore, Pune, Mysore, and more.

WFX is a big leap towards a more accessible and inclusive workplace. Remote working is no longer a lifestyle choice. It is opening doors for candidates to an array of jobs that weren’t available to them before and is even making jobs accessible to candidates with special needs or chronic illnesses who would otherwise struggle navigating in an office setting.

Profitability & cost-saving through a decrease in employee density per square foot is another benefit behind open-plan offices. Even the employees who come to the office partly need not be allocated permanent spaces, which alone could save a hefty amount of money. For example, commuting is a heavy expense when you consider that employees need gas and a car and employers need to provide parking, which takes a fair deal of real estate costs. According to CNN, Dell India saves around $12 million a year by offering 25% of employees flexible work options and consolidating extra office space. A survey also shows that most employees are willing to take reasonable pay cuts in exchange for more flexible work options, adding to the overall profitability of an organization.

We’re also seeing that frontline leaders have shouldered higher responsibilities while decentralizing the workforce. Adopting an approach that gives employees the freedom to work from anywhere has also led leaders to change the mindset about making tactical changes. They are prioritizing urgency, keeping a check on productivity, and in fact, also mentoring. In the Global Talent Trend survey by Mercer, it was recorded that 94% of employers agreed the overall productivity of their organizations remained the same or increased.

No doubt, remote work can be very isolating, especially for introverted employees. To mend this, many organizations want their employees to “plan randomized conversations” to engage in unstructured conversations as a way to cool down. Github, one of the world’s largest developmental platforms has a plan for covering gym memberships of their employees. Buffer on the other hand offers a fixed stipend for coffee every month to each employee. Such initiatives can have a critical impact on higher employee satisfaction and retention.

Remote working isn’t a novel concept. It has been around for decades – ever since professionals traveled while working. However, the recent rise in remote working is highly technology-driven, since collaborations are made easier via cloud-based systems, instant chats, and collaboration tools. Due to its drastic rise and the benefits it comes with, many organizations have already embraced the WFX model. Judging from today’s scenario, the future of work will be dominated by a younger generation of employees with an intent of working to live instead of living to work, and working from home is a great way of achieving this. It will definitely work in the long run. 

Trump’s H-1B Visa Ban: An Opportunity For Indian Talent!

U.S. President Trump’s H-1B executive order has created much debate and controversy. We think this news will boost the Indian technology industry with top global companies setting up distributed teams and offshore development centres in India and providing top talent access to incredible opportunities.

In a conversation with NDTV, I shared my reasoning for why I think Indian tech will only benefit from this ban:

Here are a few key details of this ban:

  • The H-1B suspension will be in effect till December 31st, 2020. The suspension extends to H-2B, certain categories of H-4, J and L visas.
  • Since the ban is effective immediately, the processing of all new H-1B, H-2B, J and L visa categories stand suspended. This means those who do not have a valid non-immigrant visa as of June 23, and are outside of the US, will not be allowed to enter the country until December 31.
  • Current H-1B, H-2B, J and L visa holders, their spouses and children already present in the U.S shall not be impacted by the new worker visa ban.
  • The motive behind the order is to protect American jobs during the Covid-19 pandemic.

The IT sector will undoubtedly be positively and negatively impacted by this move.

IT Services firms typically adopt a 80-20 model for their engagements with 20% of resources allocated for onsite assignments with clients. These firms’ billings and revenues will definitely be negatively impacted by this decision.

That said, one of the primary growth drivers for the Indian IT industry over the last many years has been Global Capability Centers (GCCs) which has focused on helping foreign companies access the best talent in India. Given this business model, the H1-B ban will actually positively impact the growth of GCCs since it will allow them to access top talent in India (who might have otherwise moved to the U.S.) and build larger, more strategic teams for these American companies. 

GCCs in India have grown at 15-20% year-on-year and have emerged as the strongest growth driver for the Indian IT Industry. Unlike IT Services firms which rely on sending people onsite, GCCs firmly believes that the best opportunities must be available to the best talent, irrespective of where they are. The Times Of India framed the debate well when they spoke about the benefits that Indian talent will get from this ban that we shared with them. More on our thoughts with ToI here.

In addition, with the onset of the gig economy and the openness of top talent to explore options where they can have complete flexibility in where they work. The impact of the visa bans will not be felt as much as maybe 3-5 years ago. We recently surveyed 20,000 active professionals and had close to 60% of them mentioned being open to gig-based opportunities. This means H-1B or not, top professionals will find a way to make mobility and flexibility their top priority.

This topic has created a great deal of buzz online and global and domestic industry leaders have commented. If you are a technology professional, what do you think the impact of this move on your career growth path will be? Share your thoughts and let us know!

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