When it comes to the business world, it is safe to say that is ever changing. The new trends used by businesses all over the world are something that has brought the international market closer and has succeeded in breaking barriers when it comes to convenience and time.
Although this is usually thought of as being adapted in the international frame there are a number of trends that are being adopted locally, not only increasing the amount of convenience but as a company you are also making use of all the available resources that would usually be restricted if these options were not available.
Through the superpower today which is the internet, it has made all our personal lives as well as our connections in the business world stronger; virtual offices in Singapore, which seem like a thing out of a movie in the past has become a reality today. Besides the fact that there is no overhead cost, no commute time and a much lower turnover rate, choosing to use an office such as this encourages flexi- hours or flexible hours. This means that employees have the freedom to work from home according to their own hours.
This is not limited to those working in their same geographical area. Casting vision to your employees has now got easier. It’s a matter of scheduling a meeting through the option of video conferencing; which no one is unaware of, and through this, employees can now attend meetings in the comfort of their own home.
Having said this, it is incredibly important to mention that although there are many benefits, the risk is also just as great. The companies are paring someone they have not seen or met in person to do a job that he or she might or might not be capable of doing.
Added to this, you will run the risk of not meeting deadlines at the expected time. Although all these issues seem to present themselves, you will soon find that the advantages greatly outweigh the disadvantages.
Although most local companies prefer the conventional method of hiring and paying their employees, they do not understand that they are fore going some of the main areas that will not only benefit the productivity of the company but you will also be able to save a lot of money and have a higher profit margin simply because the cost of managing your staff this way is a lot less when compared with a normal office setting.