Although utilizing a new work arrangement such as virtual teams or employing more global teams can seem like a daunting task, there are tremendous benefits to flexible work arrangements and virtual teams. (Image: Shutterstock)
In today's environment made up of gig workers and non-traditional work engagements, many companies have started to adopt an organizational structure which allows for virtual teams and/or flexible work arrangements as a progressive approach to its people strategy and in some cases, to address the fundamental gap in skilled talent.
Although utilizing a new work arrangement such as virtual teams or employing more global teams can seem like a daunting task, there are tremendous benefits to flexible work arrangements and virtual teams, including lower absenteeism, enhanced productivity, improved work-life balance, the ability to cultivate talent that can thrive with flexibility, reduced overhead costs, the ability to scale quickly without the burden and cost of additional office space–and in the case of a distributed (global) workforce, the ability to find talent anywhere in the world.
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