A new generation of productive and agile workforce emerged in the changing world of work; the digital nomads. You may see an Instagram post while they work on the beachfront and other picturesque views. They work full-time or as freelancers while enjoying the experience of living in different cities from time to time.
As retention rates decreased due to some circumstances, finding a digital nomad with the required skill set that fits your budget could be a part of the solution.
Digital nomads are employees who work remotely as high-value consultants, digital pros, or solopreneurs. Most of them are globetrotters who travel to different locations while working. They embrace flexibility by working from their homes or different cities or countries. Some prefer co-working spaces while visiting other locations. The shift in work culture and technological transformation in communication and collaboration fueled digital nomadism.
A recent study shows that over 35.7 million Americans will work remotely by 2025. Hence, digital nomadism is not a fleeting fad that will fade over time. On the contrary, it helps mold the global workforce landscape, especially with distributed teams and international expansion.
Furthermore, it has become much easier to operate remotely because of the development of better methods for exchanging data and information with the latest team communication tools.
Here are why companies are hiring digital nomads and why it can be good for your business:
Small Workspaces in Multiple Locations for Your Business
The new world of work allows companies to rethink the structure of their workspaces. Hence, the idea of the main headquarters for organizations has evolved. Workspaces will require a design that accommodates and promotes a more adaptable vibe for their agile teams. It’s not surprising that businesses will go from having two or three big offices to having ten or more cozy headquarters worldwide.
More Countries Offer Digital Nomad Visas for Your Expansion
Recently, more than 48 countries have enacted special visas for digital nomads. The popularity of this new way of work-life has increased interest and created opportunities for global economies.
As you plan to expand globally, having a distributed team overseas can help you to capture new markets. Countries are providing new visa alternatives to entice tourists to remain longer.
Most nations issue a “digital nomad visa” to tourist who wants to work and extend it for a year or two. Indonesia gives a 5-year digital nomad visa validity which is the longest.
Family-Oriented Work-Life Balance for Your Workforce
The stereotype of digital nomads who are always on the move from city to city has changed. A new kind of digital nomad wishes to travel the world and create lifelong experiences with their family.
A current Lonely Planet study refers to it as the “anywhere worker.” High-tech employment is widespread, with 61% of employees working full-time. In this group, 35% are between the ages of 45 and 54, making up around 70% of the population. On the contrary, 70% of them are married and bring their families with them.
Products and Services Target Digital Nomads and Businesses
Products and services to tailor-fit the digital nomad lifestyle are also stepping up. Top talents shifted from the usual 9 to 5 employees to work from anywhere type of staff. Meanwhile, digital nomads will seek portable devices with reliable battery life for long hours.
Gadgets for work should provide them flexibility and mobility to be productive wherever they are. Whether it’s for employment or a variety of helpful information and tips, many websites cater to digital nomads. These websites and vlogs share data on the cost of living, internet speeds, taxes, visas, and a range of other topics for their next destination.
Shifting to Meaningful Connections and Work Experiences
The emphasis has shifted in recent years from being on experiences rather than on material goods. Many organizations created new techniques to attract top global talents to be part of their enterprise.
Young professionals prefer activities like concerts, skill classes, and travel rather than high-end watches and automobiles. Furthermore, a survey shows that 55% of millennials say they’re spending more on events and live experiences than ever before.
Hence, modern employees believe being chained to your desk eight hours a day, five days a week, doesn’t equate to high productivity. Instead, you may travel the world, interact with individuals from diverse backgrounds, and choose where and when you want to work..
With EOR solutions available to support location-independent working, you’ll be set to take full advantage of adding digital nomads to your workforce. So contact us today to get started!
Olivia Yu has decades of experience in the Human Resources industry. She’s the Regional Director for Asia Pacific of a famous international HR company. Olivia’s international experience inspires her to write articles about human resources and global staffing.