The pandemic forced many organizations to adopt a virtual workforce, and many organizations are now re-envisioning familiar workplace structures and integrating permanent work-from- home policies for employees. The more employees work from home, the more they will need to continue collaborating in virtual teams, using technology to communicate, share work, and integrate efforts.
Organizations with virtual teams reap several benefits, such as hiring the best global talent regardless of location, reducing real estate costs, providing opportunities for colleagues to voice their different perspectives, and granting employees more flexibility to manage their work and personal lives. But virtual teams are hard to get right. And global virtual teams are often even more challenging.
Studies indicate that well-managed virtual teams can actually outperform teams that share office space. Virtual teams have the capacity to improve operational efficiency and employee productivity, which is a win-win for the employer and employee. However, an effective and successful virtual team requires managers to excel in the fundamentals of good management and to address challenges head on.
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