The digital age has bestowed us with several rewards which have connected us with the remotest corners of the world. The information superhighway opened up by the high-speed internet has paved the way for a globalised world where connections and interactions over thousands of miles are covered within seconds.
Most businesses have benefitted from this revolutionary technology which allows teams to collaborate virtually from different locations spread across the world. With the help of platforms like Skype, instant messaging, emails, file sharing networks, etc., it has become possible to work seamlessly without having to sit in the same office. With millions of people working from home, it is becoming increasingly common to have virtual teams in both small and medium-sized offices.
Thus if you are planning to purchase a business for sale in the United Kingdom, then you must be aware of the advantages and challenges of working with a virtual team. It will help you to determine whether such a team will be suited for your workplace or not. So here are
The Benefits of Having a Virtual Team Onboard:
1. Cost-Effective Way of Building Your Business
Small businesses have to be wary of their expenses and must save as much as they can to maintain positive cash flow. So when you hire teams that are working offshore in countries like the Philippines and India, you can save a lot of money. The cost of production is much lower in these countries as compared to the United Kingdom.
If you do not have the resources to hire an international virtual team, you can hire employees within the country who can work from home. More than 1.54 million people are working remotely in the UK at present. It helps in reducing the overhead costs as you can lease a smaller space and will not have to pay for the additional utilities that will be consumed by these workers. So your water, electricity, gas bills and property lease expenses will get reduced.
2. Access To Global Skilled Workforce
With virtual teams, entrepreneurs have the advantage of hiring the most talented people from anywhere in the world. Building a team of experts forms an essential part of business tips for entrepreneurs, so you must leverage it. You are no longer limited to finding people within your city or ask candidates to relocate and pay for their move.
You can only focus on the qualifications and the calibre of the workers to hire them and allow them to work from their homes. With the best talent becoming a part of your business, you can achieve all the milestones at a fraction of the cost.
3. Round The Clock Working
The best part about remote working is that employees can work in different countries under different time zones. So while the offshore office in India has completed its tasks at the end of the time, the team at the Head Office in the UK can take it forward and complete the projects with quick turnaround time.
It improves the efficiency of the business and reduces the development and delivery time. So both global and local clients can be satisfied with a faster delivery rate. Also, virtual teams take less number of leaves as they are at home and can even work if they are feeling slightly under the weather.
4. Increased Productivity and Performance
According to reports, employees who work from home are more productive as they have to face minimum distractions from colleagues and interruptions from seniors. They are spending less time commuting and utilise it to work more effectively. Although they might take longer lunch breaks, they tend to spend more time working than their on-site counterparts.
They are more motivated to work as they enjoy the perfect work-life balance, which allows them to spend more time with their families. It also infuses a sense of autonomy and accountability in the workforce as they are not being monitored continuously. Now that we are well-acquainted with the advantages let’s take a look at
The Challenges Faced While Working With Virtual Teams.
1. Technical Issues That Hamper Workflow
The employees who are working from home are dependent on their laptops and free software which can breakdown or have an internet connection problem, etc. It can put a brake on the speed of work and stop all the channels of communication between the teams until the system starts working again.
Although such problems can take place in offices too, there is a technical team present to take care of the problem and fix it without any delay. However, this is not possible in remote locations. In some cases, it might not be possible to provide all the expensive software to the employees, which can also affect their productivity.
2. Trust Issues and Gaps In Communication
Since there is no face to face interaction, and most of the communication takes place through emails, chats and messages, it is difficult to understand the body language of the speaker. It can sometimes lead to misunderstandings, especially when the collaborating teams are from different cultural backgrounds.
If they find each other to be rude and condescending, it can make functioning together challenging. There is no sense of camaraderie and attaining cohesiveness in work systems is also a challenge.
3. Lack of Control and Supervision
As an employer or team manager, the seniors might feel that they do not have any control over the work systems of their teams as they are working remotely. It is difficult to keep track of a big group of employees sitting in far-flung areas who are working at their own pace.
The lack of monitoring can make the managers feel helpless and also offer leeway to the workers to keep their seniors in the dark about certain errors or anomalies. The teams might face difficulty in understanding individual tasks and responsibilities and lead to the wastage of time of the manager in clearing such confusions.
4. Security Concerns
While sharing confidential client details with employees working remotely, the companies have to put the data under risk as this information can get accidentally leaked and lead to data breaches and privacy theft issues. Also, many clients may not be willing to work with a company which has all its employees working remotely as they might not trust them.
Although working remotely has become common in the current times, the coronavirus pandemic has made it almost mandatory. If you are planning to purchase a business for sale in the United Kingdom, then you must keep all the struggles and advantages of this feature in mind to utilise it efficiently in your organisation.