The pandemic has thrown a curveball no one was prepared to catch, bringing the global economy to a near standstill. The goalposts have been moved, and now all we can do is to stretch our workplace policies further to keep our business going. However, even amid this calamity, you cannot afford to go about things blindly.
In this article, we’ve culled the key virtual team statistics and data to help you understand the state of affairs in this arena. By reading these statistics, you’ll gain helpful insights on telecommuting best practices and the use of remote work software. Moreover, it will help you get ideas on how to build highly effective virtual teams.
In this section, we’ve gathered the relevant statistics that highlight how organizations and employees are leveraging the opportunity to work remotely, especially on virtual teams.
The companies mentioned below have been using remote teams to achieve their organizational goals.
Source: Culture WizardDesigned by
Numbers don’t lie, so the statistics above paint the exact picture of the state of virtual teams. The workplace has clearly extended beyond the physical office environment, and more change is around the corner. While it’s not easy to accurately foretell what will become of virtual teamwork, the stats provide a sneak peek into the future.
Companies are reaping a host of benefits by designing flexible workplace policies that formalize virtual teamwork. The benefits transcend better productivity, increased speed to market, reduced employee turnover, and overall operational success.
The pervasiveness of virtual teams is a sign that companies and employees alike are willing to walk down this road. Particularly, reality has dawned on employees that working in a virtual team offers several benefits compared to the office-based working.
Source: Indeed (2018)
From the statistics above, we can deduce that having a flexible workplace policy that supports virtual teamwork is a win-win scenario for the parties involved. The employees enjoy the liberty of working remotely, have better work-life balance, improved morale, and reduced stress.
Similarly, whether a company goes fully remote or adopts a hybrid virtual teamwork policy, there is a benefit to be achieved. Precisely, employers benefit from the quality of work, reduce workplace expenses, and minimal absences.
There is no doubt, the benefits of having virtual teams are mesmerizing. However, the benefits are not served on a silver platter. There are plenty of challenges that companies face in their quest to cultivate high-performing virtual teams. Getting the right remote work software, for example, is critical to addressing these challenges.
In the world of virtual working, communication is one of the hurdles that virtual teams face. Beyond this, teams face a host of other problems that emanate from language difficulties and working in different time zones.
Virtual teams grapple with cultural issues, which are typified by multiple behavioral barriers. The potential impact of these issues can be devastating to teams, small and large. The stats below show that teams are aware of this hard fact, but it seems a majority of them aren’t ready to embrace cultural diversity.
Keep in mind that cultures across the globe have different expectations regarding leadership, communication, meetings, and collaborations. As a result, problems are bound to arise correspondingly when virtual teams fuse a large number of cultures. Factor in the differences in time zones and language, and you’ll have a complex puzzle to solve.
Technologies such as robust communication software systems will help you overcome some of the glaring challenges mentioned above. However, some like cultural issues can only be dealt with effectively through sound and thoughtful leadership.
The inability to meet physically takes away the benefit of visual cues and worsens communication between virtual teammates. As a result, many virtual teams continue to grapple with communications problems. Fortunately, communication and online collaboration software for virtual teams have made it possible for employees to connect and access company resources from any place. The statistics below show the technologies that companies are using to ensure better connectivity.
Initially, the technologies for remote teams were challenging in themselves because of interference, time-lags, and operational complexity. Fortunately, technological evolution has permitted the development of virtual team tools, including instant messaging, project management, collaboration, and video conferencing software.
In 2013, Richard Branson said, “one day, offices will be a thing of the past.” While organizations still have some work to do before completely removing the physical offices, a new dawn is on the horizon. The workplace is rapidly changing, instigated by the convergence of three key forces: prodigious technologies, economic upheavals, and flexible work natives.
First, the entrance of Generation Z to the workforce has ignited one of the most transformative shifts in modern business history. Unlike the Millennials, the new entrants now more than ever prioritize greater workplace flexibility and exhibit unique traits.
Second, technological evolution has made the world a global village. As a result, it’s easy for companies to source, hire, and retain talents from any corner of the world. Lastly, economic upheavals keep serving the business fraternity, an endless thread of surprises.
The convergence of these forces is real, and companies should brace themselves for more radical workplace changes. The solution to all the emerging changes is the adoption of flexible work culture and techniques that support virtual teamwork.
Currently, approximately 49% of organizations are leveraging an optimal combination of virtual and office-based working. This points to the fact that businesses are ready to make the transition but are very cautious about doing so. However, with the benefits to both the employee and the management evident, it won’t be long before virtual teams become the norm in the modern workplace.
Overall, virtual team statistics have shown that virtual teams are in high-growth mode. Organizations have heeded the awakening calls of the changing times, and they are gearing up for the time when virtual teams will become a mainstay. Don’t be left behind. Otherwise, you’ll miss out on the stunning rewards. Roll your sleeves up and prepare to take the above-mentioned challenges head-on.
To address the cultural issues, install knowledgeable leaders at the helm of your virtual teams. Primarily, the leaders should know how to galvanize multiple cultures to form a cohesive unit that can make the most of the cultural diversity. Additionally, craft communication strategies to rotate timezones to get the best contribution from each employee, regardless of the location. Essentially, you’ll need a powerful collaboration software for virtual teams to schedule, assign, and monitor tasks.
Lastly, remember the inability to meet can take a disproportionate toll on your virtual team members. This can cripple personal connection and intensify generational differences. Luckily, all these problems can be mitigated by powerful communication software tools. As such, you need to invest in proper technologies to enable team communication and streamline operations in general.
Hopefully, with this guide, you were able to get a better grasp as to how virtual teams operate and why many companies are shifting from in-office to home-based setups. In case you want to learn more about this topic, be sure to read our article on how to work remotely. This covers the telecommuting essentials as well as industry tips to ensure a smoother transition for your team.
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