Uploaded on Feb 21, 2023
Remote working is the way to function post-pandemic. But how did it begin in the first place? Working with remote teams is not a new concept. It has evolved over the years through various business models. It is a tried and tested working model which has proved to be helpful for companies planning to expand their operations in foreign countries. For instance, if we look at the evolution of business models used to expand businesses, outsourcing and freelancing have used remote working to a great extent. The majority of the IT, telecommunication, and marketing industries have used this model to expand their businesses globally. India for instance saw a major boom in IT and other services due to outsourcing and subsidiary formation. India’s open-door economy has welcomed many foreign companies to establish their business in India. In addition, the industries and services in India easily adapted to remote working during COVID-19 pandemic. To get a clear understanding of how India’s business sector has evolved over years and how it has become a top destination for global business expansion, refer to our blog The best route for global business expansion in India.
Expansion of business services through remote working
Expansion of business services through
remote working
Remote working is the way to function post-pandemic. But how did it
begin in the first place?
Working with remote teams is not a new concept. It has evolved over the
years through various business models. It is a tried and tested working
model which has proved to be helpful for companies planning to expand
their operations in foreign countries.
For instance, if we look at the evolution of business models used to
expand businesses, outsourcing and freelancing have used remote
working to a great extent. The majority of the IT, telecommunication, and
marketing industries have used this model to expand their businesses
globally.
India for instance saw a major boom in IT and other services due to
outsourcing and subsidiary formation. India’s open-door economy has
welcomed many foreign companies to establish their business in India. In
addition, the industries and services in India easily adapted to remote
working during COVID-19 pandemic. To get a clear understanding of how
India’s business sector has evolved over years and how it has become a
top destination for global business expansion, refer to our blog The best
route for global business expansion in India.
Remote working and its
Ibn eremnoete fiwotrks, anyone with the right talent, skill set, and qualifications
can find a job without any geographical barriers. The misconception that
only technological, non-core processes, and IT-based industries can
function remotely has completely changed. The COVID-19 pandemic has
boosted the confidence of many SMEs to function remotely. Now, various
functions in industries like healthcare, pharmaceuticals, accounting,
media, and even legal services are carried out smoothly through remote
working.
There was a time when working remotely was considered difficult, as
technology didn’t exist. The emergence of cloud computing, video
conferencing, and advanced communication technologies have made it
easy to work in a dynamic and productive remote environment!
Remote working inspires employees to look beyond their local work
territories, and explore work options worldwide with high international
wages. Building remote teams with employees who wish for flexibility,
varied experience, and higher growth works best for small and medium-
sized enterprises that wish to test their business internationally.
Remote team building is exactly what an EOR can help you achieve. An
Employer Of Record services will be your legal employer and build a
remote team for your business and will look after all the HR-related
responsibilities to simplify the business expansion journey of a company.
Let us understand how the ever-evolving business model of remote
working has helped various services and business functions worldwide.
This will give a clear view of numerous business options to choose from,
to function and excel in today’s remote business world!
Expansion of business services through remote team building
● Healthcare
The traditional doctor-patient relationship has thrived and is now building
through telecommunication, digital media, and other health technology.
Digitization gave rise to connected health, also referred to as
technology-enabled care that helps you access quality care and
consultation.
The number of patients preferring television has increased by 50% since
2020. In addition, the defense and military services have incorporated
telecommunication and telemedication in their training. They have also
made impressive use of these remote services for the treatment of
injuries on battlefields and on inaccessible grounds.
● IT and ITES service
IT and ITES services have been spearheading the remote working model
for decades. In fact, many companies have excelled during the COVID-
19 pandemic by building remote teams and wish to adhere to it even
during normalcy. For instance, in India, 90% of IT employees and
approximately 70-80% of BPO firms, e-commerce, and SMEs have shifted
to permanent work from home and acknowledged the success of remote
work.
Many IT leaders and CEOs decided to adopt cloud technologies and
cloud-delivered applications such as software as a service (SaaS).
To make business status tracking, team communication, and interactions
easy, and to avoid any challenges during remote working, numerous new
software and applications were developed by ITES.
As with the right set of tools, everything can be simplified in remote
working. These are a few examples that can simplify working with remote
teams globally.
1. Googl It is an easy-to-use cloud-based solution that ensures the safe
e sharing and storage of documents. Files can be edited and
Drive documented collaboratively and the remote teams receive real-time
updates and edits.
2. HelloSi It’s an e-signature platform on which up to 20 people can sign
g n and get the document in their files. The entire document can be
customized as per the brand’s identity
3. Userlan It is an easy-to-use software, which helps companies guide
e employees regarding the usage of any software. It is very useful in
creating a step-by-step segmented guide that gives a walkthrough
entire software process
● Human resources
Human resources as a business function is growing rapidly in the
teleworking switch today. Finding the right employees remotely despite
the geographical barriers and retaining employees virtually is at times
challenging for human resources professionals. HR services or HR teams
have opportunities for improving internal communications rather than
just providing employees with company information. Increasing the use
of collaborative tools and cloud-based HR software helps in smooth
business continuity in any organization.
In addition, the deployment of advanced software such as Applicant
tracking system (ATS), payroll system, and leave and attendance
tracking systems ensure
precise and effective payroll solutions. Adoption of in-built surveys and
employee engagement tools also provide room for improvement and
growth and help employees stay content within the company virtually.
● Entertainment, media, and animation
The entertainment, media, animation, and content development services
have changed the way we perceive, produce, and portray content. Heavy
investments in virtual reality, animation, and special effects, and
bolstering streaming services such as Disney Hotstar, Netflix, and
Amazon Prime have transformed the media landscape. Digital media
revenue has increased by 31% in 2020 and will continue to rise
throughout 2022.
The constant need for advanced augmented reality games, for an
enhanced at-home gaming experience, has provided innovative business
expansion opportunities for various remote working teams such as video
designers. For example, in 2020, games created for Facebook’s Oculus
Quest and Quest 2, accounted for 1 million dollars, with just the headsets
bringing in over a billion dollars.
● Education
Remote education has been under the radar post-pandemic. The flexible
delivery of e-learning lectures and tutorials has been instrumental in
acquiring multifunctional knowledge in the comfort of our homes.
Interactive e-learning tools, along with freedom from constant supervision
fuel remote learning students to work and study harder. They are
responsible for their own skill and education.
Coursera, an e-learning platform, recorded the registration of 20 million
new students in 2021. Regionally, Africa witnessed up to 50% growth in
online course enrollment and a growth of 48% in terms of student
registrations.
Remote team building in education services has been instrumental in
educating school officials, teachers, and parents regarding student
learning and social care during the pandemic. In fact, the majority of the
remote solutions curated for imparting education and training online are
free universally and cater to multiple languages.
● Engineering design and drafting
As the book by Stephen Bayley and Terence Conran rightly says, “Design
is intelligence made visible”. Nothing concrete can be built without a
detailed outline or design.
Remote designing services have proved to be extremely important for
accessing qualitative work in shorter timespans. The large,
interdisciplinary, and advanced Systems-of-Systems (SoS) can be
developed due to the evolving Model-Based Systems Engineering (MBSE)
approach.
In fact, such an approach has helped in the emergence of remote
engineering design teams. These teams comprising skilled and talented
professionals, help you develop designs for any of engineering focus.
These include mechanical, civil, architectural, aerospace, nuclear, and
many more.
● Accounting and financial services
Over the past decade, banking and financial services have embraced
digitization, improved customer experience, and hence streamlined
banking services even during the new normal. The development of
UPI and other payment gateways
(GooglePay, Paypal) has increased the adaptability of digital payment into
various sectors such as retail, e-commerce, wellness, insurance, and
saving schemes.
In these services, almost all the accounting functions can be carried out
remotely. Be it taxing, auditing, bookkeeping, budgeting, forecasting, or
even maintaining investor relationships, everything can be carried out
through a remote model of working. In addition, there are opportunities
to develop remote working systems in areas such as Financial Planning
and Analysis (FP&A) which at times require in-person collaboration. With
proper training for banking officials and advanced data protection
strategies, financial services can definitely thrive and succeed through
remote working.
● Digital Marketing
Modern marketing techniques have blurred the lines between branding
and PR and have developed data-driven marketing strategies. For any
SME who wants to expand their business internationally, digital marketing
becomes the voice of the company. It helps connect to customers
globally through social media platforms such as LinkedIn, Instagram, and
emails.
As the world moves into the digital era, it has predominantly followed
the mobile-first approach. Hence, it is important to develop mobile-
friendly marketing material that incorporates multimedia like videos,
photos, and so on. Many companies are heavily investing in these digital
remote digital workforces to develop top-notch digital marketing
strategies.
● Data Analytics
Various industries around the world are embracing big data and data
analytics due to its operational gain and high efficiency. With the help
of advanced computing
tools such as Microsoft excel, python, and SQL, data analysts function to
convert raw data into conclusive and meaningful insights. These insights
provide light on the business problems and deduce a statistical solution.
With the growth of various industries, the importance of data generation,
sharing and storage has increased over the decades.
In data analytics, from scrutinizing raw data to analyzing and interpreting
it, everything can be done on a computer remotely. As per the Jobs of
tomorrow report 2020, data analytics and Artificial intelligence have
shown the highest growth rate of up to 41% per year.
With the growth of the new era of remote and location-independent
working, big data analysis, virtual team building, and the development of
advanced computing techniques, we can definitely see that remote data
analytics functioning is here to stay and will always be in demand!
● Back office support workforce
The back office workforce is an integral part of many end-use industries
such as telecommunication, retail, and e-commerce, across the globe. It
involves non-core business functions such as data entry, IT support,
content creation and moderation, and query management, which is an
overview focus on enhancing customer experience. Various companies
outsource these functions to focus on expanding their business.
This is how BPOs (Business Process Outsourcing) emerged in the market
and have helped various business sectors attain scalability while
promising highly efficient and reproducible results. Accenture, Wipro, and
Tata Consultancy Services (TCS) are a few renowned names that provide
diverse BPO services worldwide. ADP is another well-known name that
handles HR and payroll management for varied companies across the
world. When we talk about countries, India is now a popular digital hub
that has grown its BPO-IT industry over the past ten years. Remunance
has been successful in providing end-to-end HR solutions to SMEs from
various services. Here are a few instances of how we helped companies
set their foot in India.
Comments