Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Business News

New data on virtual teams, telecommuting in a global economy

(Business News) Virtual teams and telecommuting is on the rise, but not just because of technology – new data is out that will help you decide if it is a good choice for your brand.

Woman on computer discussing feedback to her business partner.

virtual teams

Virtual teams in the global economy

Virtual workforces are increasingly common among organizations, which has led to the growth of telecommuting, and brands are using technology to stretch beyond the confines of their own borders to recruit top-notch talent.

But it’s not just technology that has made telecommuting so lucrative, it’s time and money. Consider the fact that over 70 percent of the world’s purchasing power is located outside of the U.S., making global business ever more important as the American economy struggles. For example, 97.8 percent of all of Nestle’s sales come from outside of the States.

bar
According to Global Workforce Analytics, in 2011, there were 3.1 million workers in America that telecommute, a number which is growing and will continue to grow, up 73 percent from 2005 alone.

But telecommuting is more complex than just at-home workers, with a growing number of people working remotely part of the time rather than being a “remote worker,” and more than half of all employees believe their job will be remote by 2017.

The reasons for the popularity of telecommuting goes beyond the rise of technology, it is a popular tool to include talent from around the globe, add new perspectives and talents to a team, and improve diversity of a brand. Virtual teams also serve the function of improved collaboration. Ogilvy, BP, and Nokia all successfully use virtual teams.

Advertisement. Scroll to continue reading.

The global economy:

telecommuting
Exclusive infographic courtesy of The University of Southern California’s Online Master of Communication Management.

Written By

Marti Trewe reports on business and technology news, chasing his passion for helping entrepreneurs and small businesses to stay well informed in the fast paced 140-character world. Marti rarely sleeps and thrives on reader news tips, especially about startups and big moves in leadership.

2 Comments

2 Comments

  1. Anna Danes

    March 13, 2014 at 11:35 am

    Thanks for this interesting article! The infographic is great!

  2. Pingback: Virtual Offices - How Virtual Offices Are Changing US Businesses For The Better - The American GuideThe American Guide

Leave a Reply

Your email address will not be published.

AdBlocker Message

Our website is kept FREE to you by displaying online ads to our visitors. Please consider supporting us by disabling your ad blocker OR subscribing to our email newsletter: https://theamericangenius.com/get-american-genius-newsletter/

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

Business News

(BUSINESS) Employers are increasingly considering flexible remote options for their teams, but new studies indicate that there's a downside to this practice.

Business News

(Business News) The work at home scams are numerous, but the FTC has cornered a handful of them, settling for over $55.3 million. We'll...

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.