C-Suite Executives Who Adopt Remote Work will Replace Every One who Doesn't
Leaders who adopted technology 20 years ago replaced every one that didn’t.
Leaders who adopt remote working will replace every leader who doesn’t this decade.
The reason is incredibly simple: talent and efficiency.
Talent
Unless you are Google, Amazon, Facebook or Microsoft remote teams will be far more talented than any office-based team you can build. Talent wars will be won by companies that have great remote work capability, who will wield it to dominate this decade:
??Fixed Location
A physical office means you can hire the best person you can afford in a 30-mile radius, disqualifying you from 99.9% of the world’s talent.
Remote teams can hire the best person they can afford on the planet.
?Great Talent
The most talented people are stipulating remote work as a condition of employment. Companies who don’t provide this won’t be able to attract the best people.
Companies who don’t give this to their existing workers will lose their most talented people to their fiercest competitors.
??Changing Preferences
The smartest people I know personally ALL plan to work remotely in the next decade.
The most interesting companies I know personally *ALL* plan to hire remote workers in the next decade.
Remote will be the dominant workplace of the best companies and people.
Efficiency
Office-first companies won’t be able to compete with remote-first companies in terms of efficiency, both economic and operationally. Not only will remote-first companies increase their average level of talent with each hire, they will be far more cost-efficient. City living is subsidized by companies, leading to a lower disposable and quality of life.
??Real Estate Cost
Office-first companies spend $22,000 a year, per person, on providing an office space.
The best remote setup on the planet costs $2,000 per year, coffee included.
Remote is $20,000 less a year, per team member, or a $20m saving per 1,000 workers.
??Asynchronous Fist
Offices are instantaneous gratification adult kids clubs where it’s impossible to focus and do deep work without distraction.
Remote gives you the optimum workspace you need to do your best work.
?Output over Time
The only metric bad middle managers use to measure performance is time spent in the office.
Remote work is about how much work you get done and focusses on output as productivity.
The 2020s are the Remote Work Decade
Remote work is the biggest workplace revolution in history and nothing will deliver a higher quality of life increase in the next decade than this. Workers having more flexibility to decide their work schedule, able to operate when they are most productive rather than a fixed day, will lead to far higher productivity than we have ever seen. Organizing work around your life is a huge transition with major implications. Gone is the requirement to beg your bosses permission to go to an appointment, replaced by the ability to drop and pick your child up from work every day with time in the afternoon to go for your recharging run.
Being handcuffed to an office and expected to live in a high cost of living city with a low quality of life is a remnant of the industrial revolution. The devolution of offices into factory line conditions creating distraction factory adult kids clubs is complete. The office has become the worst place to get the isolation and focus you need to do deep work.
Shortly, workers will realize their power and influence to demand remote work. Executive who don't give them it will lose their best people to their fiercest competitors
Develop a Great Remote Work Strategy Easily
Firstbase is an all-in-one provisioning platform that lets companies supply and manage all the physical equipment remote workers need at home.
We provide all the practical equipment remote workers need at the touch of a button and take care of everything as a monthly subscription per worker, including delivery, upgrades, maintenance, repairs, and collections when a worker leaves. We work with leading tech companies, enterprises, and startups globally, who we help:
- Be more cost-efficient | $120/month over $4,000 upfront
- Comply with regulation | mitigate against injuries at home
- Save time on onboarding | hardware arrives preconfigured
- Lower real-estate spending | $16.4m less per 1,000 workers
Passionate about success
4 å¹´Lou Mitchell and Bill Lyons
Fractional Talent Leader | Creating Competitive Advantage through Employee Experience Strategy & Human-Centered Solutions
4 年It’s been only in the last five years or so that I’ve seen companies really start to embrace the employee experience as a key differentiator in attracting and retaining top talent. Truth is, if that is your bold talent strategy play, you’re going to fall behind. The companies who pivot first, to a focus on the lived, human experience versus the employee experience, will claim the lead position in the race for top talent. Remote work hits at the very core of what it means to empathize with the lived, human experience. And those who understand what it means to ‘do’ remote work well, will be talent magnets.
Investing in others. President, New Missions. Founder, Laugh All Night Former TEDxEustis speaker, coach and curator. Consultant to non-profit leaders and keynote speaker represented by Ambassador Agency in Nashville.
4 年I’m C-Suite working remotely and lovin it.
Google Women Techmakers Ambassador | AI Researcher | Tech Lead | Statistics & Data BI | IT Consulting
4 å¹´I am volunteer to do that!
IT's whether Information Technology or Inner Transformation. Consultant, Coach, Mentor, NLP, Yoga, EFT, CST therapist
4 å¹´In English, let's go back, too much trouble this way.