New way of working 👋🏾
If it wasn’t obvious enough, Covid-19 has impacted our lives in unimaginable ways. It’s also changed the way we work and the ‘dream of working from home’ has finally come true for many. Are these companies going to remain remote first or will everyone be scrambling back to office the moment it’s deemed safe?
History first
Technically, most work before the Industrial revolution was remote. Carpenters, leather workers, potters.. They all set up shop out of their home and sold things from there! People started commuting to big factories post the revolution for large scale production.
Right after WW2, with the strengthening of the US economy came the rise of the corporate culture. Large office spaces and cubicles were born. And unfortunately for all of us, so was the 8-hour work day. With the advancement of technology and computers, more and more room was being made for employees to be flexible enough to work from home. Here’s what it started to look like:
Owning personal computers + INTERNET = work from ANYWHERE
Culture
Ok cool but why did it take so long for people to really incorporate the #wfh lifestyle? There’s always two sides of the same coin, but sometimes one side just doesn’t make any sense (fyi we’re rooting from the remote-first side always).
The biggest reason for office culture to exist is probably so that employers can feel more at ease and know their employees aren’t wasting time. Apparently, water cooler breaks, lunch breaks, unnecessary meetings etc. don’t fall into the wasting time category. But really, it’s simple. It’s truly hard to develop trust when you can’t see what’s happening. There’s fear of lack of communication with remote employees, absence of ‘company culture’, it’s a big switch to make and why make it when you have all this beautiful office space, there’s an idea that there might be missed opportunities of collaboration and so on.
The forced change
While all those points are valid, and we haven’t even discussed how remote-workers feel about being remote, in March 2020 the 9-5 office culture was forced to send their employees home. And so it begins, the rise of remote-first and remote-friendly *cue dramatic music*
Here’s a list of over 30 companies who have now announced indefinite, permanent or partial wfh. P.s some are hiring! |
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Companies don't just save by not paying rent (e.g Skift saving $600,000 annually), they save by not paying you a commuting fee and also reducing your salary. |
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Productivity, performance, engagement, rentention, profitability... All on the rise with workplace flexbility. |
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Remote work can actually benefit other industries. Here's some that might not be as obvious: data centers, online plant sales and 3D printing. |
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Black, hispanic workers have less access to remote jobs. The ability to work from home differs enormously by race and ethnicity. |
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Heard of Hubstaff? Or maybe Clever Control? You're not alone. Employers are having a tough time trusting employees in this sudden transition and are trying to monitor the work their employees do... In rather questionable ways. |
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Share this newsletter with a friend and get a chance to feature your startup, contribute to HOV Opinion or join our upcoming Startup Investor Community. |
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Work from anyWHERE is Spotify’s new initiative, allowing it’s employees to choose where they’d like to work (home, office, and geographic location). |
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Looking for this company’s headquarters? Tough luck finding it! Coinbase went remote-first and is ‘decentralizing’ itself meaning it doesn’t feel it can choose one location as its headquarters because it’s employees are now everywhere! |
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But not to the point of exhaustion, which is what Goldman Sachs junior analysts are complaining about. Can you believe, an 80 hour work week for them is what they call lucky? Working 95 hours a week. |
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Workplaces are reopening but the wfh trend in Australia looks like it's here to stay. |
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Finding your company policies outdated? That's because remote work requires a different set of strategies and policies e.g do you need new training sessions for remote employees? |
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🕰 Memory lane |
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“Hey, daddy's on the phone little buddy" - Professor Robert Kelly aka BBC Dad. If this isn't everyone on zoom these days... |
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The number of people in India (known globally for high-tech and financial services) employed in occupations such as retail and agriculture, that can’t be done remotely |
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Of employers said their company productivity was the same despite the forced work from home in 2020. |
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The total percentage of the workforce that is predicted to be remote by 2025. |
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The increased amount of cyber-threats and alerts, since work from home and Covid-19, reported by organizations. Cybersecurity is in the spotlight, time to develop those skills to bridge the market gap! |
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Did your company just go remote? Try these tools to help make the transition smoother! |
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Discord |
Discord is a voice, video and text communication service. Teams can use it to work on projects together! The app puts strong emphasis on instant voice communication and real-time collaboration (perfect for remote work). |
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Notion |
Not a single day goes by where we don't open up Notion at HOV. Use it to plan your own schedule, to track projects, make team task lists, write down memos.. The possibilities are endless and it's made everything so streamlined. |
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🙋🏽♂️ Let's talk! |
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What do you enjoy most about WFH? |
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Remote work: Things you need to watch out for in the new normal |
Christopher Clint, Frontend Developer |
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Life at HOV |
Oliver Escoto, Software Engineer |
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😍 How we feel about remote work |
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Was this news valuable to you? Let us know! |
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High Output Ventures, 3 Temasek Avenue Centennial Tower, #21-00 , Singapore 039190, Singapore |
© 2020 High Output Ventures, All rights reserved |
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