20 Successful Remote Companies & Key Lessons to Learn from Them

Back in June 2020, Quora announced that it would be officially transitioning into a remote-first organization. While this wasn’t that ground-breaking at the time of the Pandemic, it is interesting to see that not only has the company continued the policy, it has thrived. They’ve also encouraged remote employees and teams to develop schedules that work best for them. Canada-based Shopify is a multinational firm that offers a cloud-based, multichannel commerce platform for small and medium-sized businesses.

Also hybrid work, with workers spending some days in the office and some at home, wasn’t an option. The about-face on remote work came with benefits for both Cancel and his workers. It allowed him to move back to New York City, for example, and his employees have also been able to make major life moves.

Why More Companies Are Embracing Remote Employment

“The vision is to have one floor of office spaces in ten cities, rather than ten floors of office space in one city,” said Armstrong. Dropbox also announced it would be embracing “non-linear workdays” allowing employees to design their own schedules. They found that it increases productivity, collaboration, and innovation.

• By October 2020, 71% of workers with jobs that could be done remotely were working from home all or most of the time, according to data from Pew Research.
• Clio is a cloud-based legal technology offering practice management, CRM, and client intake software for law firms.
• While this wasn’t that ground-breaking at the time of the Pandemic, it is interesting to see that not only has the company continued the policy, it has thrived.
• I have worked from home for a decade and ran a fully remote, four-day work week company for eight years.
• Lockdowns due to COVID-19 forced many companies to shift to remote work models, but now some are moving back into the office as governments lift restrictions.

Equity among employee experiences regardless of title was also prioritized. This points to a larger shift away from tech centers like Silicon Valley to more affordable locations in a cut-throat housing market. Since moving on from their HQ in San Francisco, 10% of their Bay Area employees have already moved out or are planning to do so. This way, employees don’t have to go out-of-pocket and are more committed to staying with the company.

Why Are Remote Workers More Productive?

“Covid-19 could permanently shift working patterns as companies forced to embrace remote working by the pandemic find that their employees do not want to return to the office once the closures are lifted,” explains The Guardian. Employers may also discover the key benefits provided by allowing their employees to work from home. With the COVID-19 pandemic, you may have already switched your staff to remote work.

Quora, founded in 2009, is a Q&A platform dedicated to sharing and expanding the world’s knowledge. It also implemented the remote first policy during the pandemic, allowing nearly all employees to work remotely and relocate to any location https://remotemode.net/ where the company can legally employ them. Key lessons to learn – The flexible workplace strikes the right balance of trust and choice, allowing employees to do their best while helping the company to attract and retain top talent.

Well-known companies with fully remote or hybrid work setups

Brex, which adjusts employees’ salaries based on geographic market, also announced that those who relocate to areas where pay rates are different may see their compensation change. For current employees who relocate before September 2021, Brex said it will not https://remotemode.net/blog/30-companies-going-full-remote-forever/ make any such adjustments until September 2024. SAP found a way to offer remote work options to all 102,000 employees around the globe. While physical offices remain, the company intends to focus more on a trust-based workplace – no matter employees’ location.

But before that, let’s look at why companies are transitioning to fully remote companies. PwC survey also found that 72% of those workers surveyed would like to continue working from home for at least 2 days a week even when they can go back to the office full time. All around the world, more and more employers are embracing flexible schedules for their remote teams leading to new remote work trends and more remote work options. Hotjar is an analytics tool that lets businesses understand user behavior and how it impacts a product.

Principles of a Remote First Company

We know talent wants flexibility, and we’ve broken traditional industry norms in embracing hybrid work. Our model gives colleagues flexibility to better balance work and life while also providing the benefits of working in person — benefits such as belonging, collaboration, apprenticeship, and learning, to name a few. Spotify has embraced a hybrid strategy, allowing employees to work from anywhere in the world. If an employee prefers to work in the office but doesn’t live near one of Spotify’s existing offices, the company will pay for the co-working space. The pandemic forced many companies into going remote, whether fully or partially.

This German multinational bank announced they are allowing 80% of their workforce to work from home up to 2 days per week. In an effort to cut costs, the company is also examining its real estate holdings for savings. We will keep our offices closed until 2021 so that we can rework them for this new reality.