Working remotely has both advantages and disadvantages for the company and the employee. In this article we will mention a few of them so both sides are aware of the implications of remote work.
Advantages for businesses and employees:
Advantages for the business:
- Workforce maintenance: there are profiles with heightened demand in the job market and which companies have trouble finding. If this is your case, the business will be able to see what a good option working remotely would be because that is how you would be able to continue working for the company.
- Opening new markets: having you work in a different country could be interesting for the company, so perhaps assess the possibility of investing or trading in a new country, taking advantage of your knowledge of the area and your constant presence there.
Advantages for the worker:
- Benefits for the worker: the greatest benefit is to respond to a personal need. Independent of the your motivation for moving to another country, being able to do so while keeping your job will help you with the settlement process.
- Cost of living: depending on where you wish to establish residency, is it possible that the cost of living will be less than in your home country. This, along with the maintenance of your work position, will help you with your professional and personal development.
Disadvantages for businesses and employees:
Disadvantages for de business:
- Cost in personal and economic resources: to be able to have a contract worker in another country, the company must comply with their tax, social security, and labor obligations. This has a high economic cost, added to the resource cost, because it must be in compliance with a different administration, in a different language, with procedures specific to that country. A legal representative must be appointed in the country and human resource personnel must be delegated to deal with any issues arising from this situation.
- The company faces a loss of control over the worker for different reasons: the worker is remote for 100% of their day, sometimes there are different time zones, the employer does not know the employee’s workplace, etc.
- There may be a problem of connection within the team: while being remote, workplace relationships may deteriorate. New admissions into the company may not have a close relationship with the person working remotely, who could become left out of the company dynamics. This forces the company to allocate more resources to encourage the remote worker’s participation in coworker relationships.
Disadvantages for the worker:
- Disconnection from the team: the remote worker will have more trouble relating to their coworkers than if they were in-person. This can interfere with work performance and participation in new projects.
- Isolation: similarly, if the remote worker works from home, they may experience loneliness and sadness derived from their social isolation.