In the second half of the twentieth century, as the global economy changed and businesses began to internationalize, C-suite employees and other senior staff often found themselves traveling a lot to do Business. It has become common for executives and business owners to spend a lot of time (and money) traveling in order to meet face-to-face with customers and employees of other branches. This expenditure of resources has proven beneficial for decades. That is to say until the advent of videoconferencing.
As the use of video conference began to multiply at the end of the 1980s, companies realized that they could facilitate regular meetings between international partners or distant branches without too much travel. Travel could be limited to annual or quarterly meetings, while weekly or even daily meetings could be by videoconference.
This remained a âcommon practiceâ in most industries until the 2010s. There was always a great value in face-to-face meetings and greetings. Office culture was also ingrained at this point, and many thought leaders and business leaders still believed that in person was always the best. The idea of ââworking from home was anathema to corporate culture, and anyone who advocated remote working was seen as unambitious, to say the least, and avoidance at worst.
The new era of business after 2020
Then 2020 came along and changed the paradigm in business. Forced to do business from a distance, business leaders began to realize that âface to faceâ was not always essential; in addition, virtual meetings in a âface-to-faceâ scenario replicated via web conferencing are still available.
Additionally, it has become increasingly clear that remote working is in fact beneficial for workers and businesses. With remote work, productivity can increase and the stress level of the average worker can decrease. Remote workers, rather than being detached and unengaged individuals, could even be Following hired than traditional office workers.
The Gig Economy – The Future of Business
Another factor affecting the way we do business is today’s odd-job economy. Freelancers, working remotely from their home or office, are often the most cost-effective way for businesses to hire certain services. Rather than relying on in-house staff which requires extensive human resources and maintenance, businesses can get the same quality of service without additional overhead costs.
On the employee side, the case has just as many advantages. Workers of the concert economy escape the commutes, the “mad rush” and even the politics that can only happen when people work closely together. They also enjoy the added benefits of working on their own schedule, overall.
A viable business model
Remote working and collaboration are no longer negative points in the business world. As the business world continues its full transition to the digital space, this approach will not only be helpful, but also essential. With the advance hardware solutions Available today, workers and businesses in the odd-job economy can both access the tools they need to collaborate effectively remotely. As paradigms change and businesses adapt, we may well find ourselves in an era of great potential for business.