UAB-MBA-Virtual-Teams
Business

Some Companies Rock At Managing Remote Teams, But Why?

With the rise of cloud technologies, it is now possible for many knowledge-based companies to operate teams remotely. Virtual working offers a host of benefits that aren’t available to companies that centralize all their employees in physical premises. 

Take, for instance, the reduced costs of employees. Currently, the average US worker spends somewhere between $2,000 and $7,000 on vehicle tolls and gas per year, most of that related to work. With remote working several days per week, that cost practically disappears, offering a considerable pay rise. 

Then there is the lost productivity attributable to traveling to work. US official estimates suggest that remote working would save money overall. Finally, there is the estimated cost to business of providing all the stuff that the average employee needs, such as office space and furniture. The following infographic puts this figure at around $11,000 per person per year. 

Thus the benefits of remote working are clear. Companies and workers both stand to gain financially. The issue, of course, is managing remote teams effectively, something that not all companies are doing right now. Management practices need to change, but many firms are slow on the uptake, choosing instead to do things as they always have instead of embracing new methods. 

If you want your remote team to be happy and productive, check out the following infographic. It charts some of the costs and benefits of remote working and then gives you some tips you can use to improve virtual management practices at your firm. 


Click here to learn more

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