New Normal - Borderless Workforce

The world has changed, and it has changed very rapidly indeed in the last 2 years. We all agree that the COVID-19 outbreak is a world-changing event that will have long-lasting implications for the global economy. It has been a once-in-a-generation global impact event. While there is no doubt that the pandemic is amplifying the adoption of new technologies, technological advancements were already changing the world over the past two decades, from living standards to the very nature of our work. It takes a world-changing event like the COVID-19 pandemic to accelerate certain trends so dramatically and workforce-related changes have been, perhaps, the most profound.

“Adaptability is about the powerful difference between adapting to cope and adapting to win” – Max McKeown

See, even before the pandemic struck, some features of the state of technological progress aka digital transformation were especially salient.

First, technology was already disrupting production processes, especially through the rapid scale-up of digital platforms.

Second, technology created seismic shifts in the mix of skills required to succeed in the labor market. these include cognitive skills such as critical thinking, as well as socio-behavioral skills such as managing and recognizing emotions that enhance teamwork or selling better. Earnings are higher for those who have a combination of these skills.

Third, digital technology changed the terms of work. Rather than “standard” long-term contracts, digital technologies have given rise to more short-term work, often via online work platforms. These “gigs” make certain kinds of work more accessible and flexible.

A hybrid virtual approach in which some workers work on-site while others work from home promises greater access to talent, enhanced productivity for individuals and small teams, cheaper costs, increased individual freedom, and better employee experiences. There are three major obstacles in implementing remote working:

1.            Securing the infrastructure for remote working

2.            Implementing new work policies in a structural way

3.            Balancing the work and private lives of Employees

With 40% of companies encouraging increased flexibility in terms of the country or office to work from over the next three years, and over 36% increasing the number of international remote workers not necessarily affiliated with a local office, the workforce of the future appears to be far more fluid and globalized.

“The greatest danger in times of turbulence is not the turbulence -it is to act with yesterday’s logic”- Peter Drucker

With such conditions, businesses' appetites will be piqued for one thing: A borderless Workforce.

Why?

1.            Is it More Effective? - Employees working remotely in various regions of the world save operating costs like salary, administrative expenditures, and business travel expenses. With a global workforce, you can provide round-the-clock support and significantly reduce your turnaround time. 

2.            Does it create new market opportunities? - Local skills may be unlocked and new possibilities can be created by a more globalized workforce. Striking for a borderless global workforce allows your organization to access high-quality personnel from all around the world, increasing your chances of being recognized in any market.

3.            Is it more sustainable? - Remote working decreases commute time and business travel, improving a company's environmental, social, and governance credentials. It aids in the prevention of brain drain from developing markets on a global level, and it aids in the creation of stronger social cohesion in smaller towns and rural regions on a local level.

As organizations start to reopen, they are finding that their workforce is not keen to give up remote work. Companies can no longer say that they cannot operate remotely (a common reason to avoid remote work pre-2020), but with an ongoing global pandemic, they also cannot ask employees to come back to the office full-time. The most popular solution is the thing that every organization seems to be grappling with now — the hybrid model.

People refer to the hybrid model a lot; it involves some combination of working remotely and from an office. So far, the hybrid model looks different for every organization, but there are a few clear themes. Whatever the specifics, however, companies that choose to incorporate a hybrid model will all face some challenges ranging from culture-specific to seamless collaboration to the kind of talent that is available. Borderless workforces break down geographical barriers and develop a culture of cooperation and complete adaptability, allowing businesses to grow at an unprecedented rate while leveraging global talent to solve business problems.

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