9 Reasons Why Remote Work Is The Biggest Hiring Trend for Startups
Steve Jobs and Steve Wozniak started out in a small garage, working together. Bill Gates started out with a small team and checked all code for the first five years Microsoft existed.
These success stories created a romanticized aura of garage startups that fascinates the newcomers to this day.
But you don’t have to get together with your team to succeed. Granted, it’s going to be more fun if you’re working in one place, but it’s not necessary.
Here’s why you should consider remote hires for your startup.
1. Everybody is doing it
People work remotely so much these days, it’s almost expected. In 2017, Stack Overflow held a survey and asked how much do the visitors work from home. Out of over 40,000 respondents, 35% work remotely at least twice a month. 28% work more than that.
Source: Stack Overflow
With 31% of respondents working on-site full-time, two-thirds of developers work remotely at least sometimes.
If you offer remote positions, that’s going to be taken as a great bonus.
2. Remote work saves money
This is the reason the big corporations look into remote positions. Even though there are people like Yahoo’s Marissa Mayer, many tech companies think remote is the future. Because it saves their bottom line.
It’s a good enough reason for an established company. For a startup, it can be crucial in planning your budget.
A fancy office sure boosts morale. But if you had to choose between paying $5,000 per month on a lease or saving that as a buffer sum, what would you do?
Your employees won’t be disappointed either. If they’re working remotely, they can save money on taxes. They can get a home office deduction on mortgage interest, property tax, or utility bills.
3. Reach more talented people
Does your startup need the best people within a 45-minutes’ commute or the best people period? If it’s the latter, you might want to focus on hiring remote workers.
You can find specialists from all around the world and hire people who could never visit your office.
Source: Stack Overflow
You have more chances to run across someone from Russia, Brazil, or Italy than a US citizen. That’s a great opportunity to hire a foreign talent for a lower price.
You can get to work with the best experts in your field as well. Boomers tend to work remotely more so than millennials, so you may have a coding pioneer working on your startup.
53% of people who took the Stack Overflow survey value the possibility of working remotely in a job offer. It can become the push you need to convince a professional to enlist.
4. Employees are less stressed
It’s true that people work better when accompanied, it was proven in the 1920s. It’s no wonder since you’re less likely to procrastinate if others are looking at you. Social pressure turns out to be a good thing here.
Perhaps, this is why co-working spaces are thriving. We’re social animals, and you can’t do much about it.
However, it’s not the only thing that helps productivity. Satisfaction with your job helps you stay motivated.
Working remotely correlates with being satisfied, according to Stack Overflow.
Source: Stack Overflow
It’s more complicated than that, but not having to commute is a big factor here. Being flexible and spending more time with your family helps as well.
5. Employee retention is higher
When people are more satisfied, they’re less likely to leave. People change jobs if they want a challenge, time, or money.
As a startup, you’re going to provide plenty of challenge. Remote work gives people the opportunity to control their time. As for the money, it doesn’t always come in the first place. Either way, you can cover two major reasons people leave.
6. The remote team stays connected
You don’t write tasks on a whiteboard when you’re in the office. That is, it’s not the primary medium for giving and monitoring tasks.
The odds are, you’re keeping track of them in YouTrack, Trello, or some kind of HR software. The only thing that changes if your employees are in different states or on different continents is not being able to have a coffee together.
You’ll be using the same software to give tasks and monitor them. You’ll be using GitHub whether you’re in the office, or working from home. The conversations will have to move to Skype or Slack, but that’s a minor trade-off.
7. The team may get a creativity boost
Creativity is hard to define and harder to measure, so feel free to take this with a pinch of salt. Your remote team can be even more creative than an in-house team.
When do you get more ideas, on an intense caffeine-induced meeting or on a walk when you just let your mind wander? The answer can be different for many people, but you can see where this is going.
Depending on what kind of people do you have in the team, they can be more creative when relaxing. Make sure they are willing to discuss what comes to their minds, and you have an endless pool of ideas.
8. You fight the gender gap
Do you hate the gender gap in STEM? You can help fight against it by offering a remote position. A third of women leave IT because it lacks flexibility. You can be the company that invites them.
9. The drawbacks are manageable
Both in-house and remote work has its drawbacks. The problems remote work presents you with are mostly manageable.
Establish good online communication with the team, create an off-topic chat, or play video games together. This makes you connected both in terms of productivity and socialization.
Is hiring a remote team worth it?
Economically speaking, there are no solutions, only trade-offs. Remote work has a lot of benefits and a few negatives as well.
Ultimately, the decision is yours.
James Riddle is a freelance writer with a passion for new technologies, marketing trends and branding strategies. He is always seeking to discover new ways for personal and professional growth and is convinced that it’s always important to broaden horizons. That`s why James develops and improves his skills throughout the writing process to help and inspire people.