In late 2022, Meta and Twitter both announced mass layoffs, partly blamed on their failure to integrate remote working policies into their core business styles properly. On the other hand, global innovators like Amazon and Microsoft have fully embraced the wonders of Working From Home (WFH) and are already reaping the benefits.
Here, we discuss the playing field going into 2023, and how you could be boosting the support you offer to remote employees via INS Global’s PEO (Professional Employer Organization) services to stay competitive in the international market.
Which Companies Are Offering 100% Permanent Remote Positions in 2023?
There are untold numbers of companies from various industries that have gone or are in the process of going fully remote. This may include some element of choice for workers to decide their own schedules and environment, or it may mean a full-scale closing down of office space in favor of 100% WFH.
It may also mean different policies for different types of workers based on the demands of their job.
Some of the biggest names in this trend include:
- AirBnB
- Amazon
- Ford
- Indeed
- Microsoft
- Salesforce
- Slack
- Upwork
- Zoom
Why Are These Industry Leaders Going Remote? The 5 Essential Reasons
1. Demonstrate Fearlessness in the Face of Innovation and Change
Your clients need to know that you are willing and able to adapt to new technologies. Building your accessibility through remote work is a great way to join the companies benefitting from the increased output of diversity and innovation.
Making the most of remote workers means integrating new tools and methods into your key workflows. Because of this, you are not only improving the way you work but also demonstrating that you have your finger on the pulse of global work trends.
2. Global Talent Right Where You Need It
With remote employees based overseas, you’ll be able to respond quickly and effectively to situations as they arise, wherever they are.
Additionally, with the option to hire directly in your target markets, you gain access to crucial local knowledge and skills that may be unavailable or unaffordable in your home region.
3. Better Employee Satisfaction
Employees everywhere are demanding the ability to choose when and how they work, and their productivity may depend on how they see their options for work-life balance with your company.
According to McKinsey, as many as 87% of US workers now say they want jobs with the option to work remotely and are willing to quit (or in some cases, “quiet quit”) to get it. There’s no easier way to be competitive in today’s recruitment market than by giving potential employees what they want. By offering workers a chance to balance their work and lives better, you can save on other benefits while also offering an irresistible job package.
4. Increased Productivity and Lower Costs
One study has shown that attrition rates among remote workers are less than half of those working on-site. In addition, by going remote, your employees save on expensive housing costs in built-up areas and long commutes, and your company saves on renting high-priced office space.
Going remote allows you to downsize the space you require or even make the most of more cost-efficient options like co-working spaces for when you absolutely have to be physically present with colleagues.
5. Current Frustration with Traditional Work Methods
Traditional new-market entry is slow and expensive, relying on lengthy company incorporation processes that can delay an expansion by months or even years. Some countries like Venezuela, for example, require setup processes that can take as long as 230 days on average.
Once you have workers abroad, managing them fairly and effectively can become even more complicated without setting up entirely new systems to manage essential elements like benefits tracing and multi-country payroll.
How INS Global Can Provide The Key Support You Need
The companies that are doubling down on remote work represent critical players in a multitude of different industries. They have already seen the benefits that WFH offers, and their rush to use it to expand globally should make their competitors think carefully about their next move.
That’s why it’s more important than ever to consider how an HR outsourcing service like PEO or EOR (Employer of Record) solutions can provide quick and efficient ways to hire and manage remote workers globally.
We are are technology-based global PEO and Employer of Record services provider with over 15 yars of experience helping companies reach their global expansion potential through locally based expertise.
With INS Global, you can search, hire, and manage HR functions for staff based in 80+ countries worldwide. There’s no need to wait to pursue your global expansion goals. With our innovative employment outsourcing solutions, you can be operating overseas in less than 48 hours.
Allow us to give you the tools and local knowledge you need to succeed in the international market. Contact your INS Global Expansion Advisor today to learn more.
