Amid the debate surrounding the return to office work culture after the pandemic, the Web3 world is showing a different trend. The majority of workers in this field choose to work remotely, and the transition back to the office is considered a step backward.
Why is Web3 so closely linked to remote working? And what can traditional companies learn from this approach?
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Web3 and Work Independence
In Web3, individual contributions are decentralized, global, and even anonymous. In contrast to traditional companies that are centralized in big cities, 88% of Web3 developers work remotely and the remaining 11% implement a hybrid system.
Web3 values such as autonomy, transparency, and decentralization are the main reasons why workers in this field prefer remote working. This is in line with Web3's work culture which prioritizes accountability and transparency, not just presence in the office.
Additionally, remote working allows companies to build diverse and talented teams without geographic restrictions, standard work hours, or commuting to the office. This opens up access to a hitherto untapped global talent pool.
As Web3 adoption continues to increase, Web3 values will influence workers' views of their work environment, driving demand for remote and asynchronous working options. Companies that don't adapt to these changes risk losing top talent and falling behind in innovation.
Also Read: What is Web3 Foundation?
Setting Myths Straight: Productivity and Collaboration
There are concerns that remote working will reduce productivity and collaboration. However, a 2023 Owl Labs study showed that 79% of managers rated their teams as more productive when working remotely or hybrid.
This research aligns with my experience working on a fully remote team. Productivity increases because the team can move more quickly and efficiently.
Unfortunately, many technology companies employ a face-to-face approach to support remote working, instead of investing in more effective methods. Remote working requires the same organizational support as traditional working methods. For example, providing coworking access for employees who want to get together, or holding informal chats to prevent isolation and build team spirit.
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Should the Office Be Abolished?
Even though remote working has proven successful, the urge to return to the office is still there. This may be driven more by old work habits and culture, rather than data.
Traditional companies must understand that Web3 workers are at the forefront of new technologies and have different expectations for how they work. This fundamentally changes the relationship between employers and employees.
In the past, many work practices were designed in the interests of employers and were based on distrust of employees. Companies can determine work conditions by requiring employees to be present in the office from 9 to 5, and in return, employees receive salary and benefits.
However, with remote working, there is now more "co-creation" between the two parties to build a framework that encourages collaboration. In this era, employers must listen intently to understand employee needs and optimize work based on those needs.
Working remotely allows individuals to have more control over their lives and organize their schedules according to their wishes. The data debunks the productivity myths that underlie many CEOs' thoughts about the importance of being present at the office. Remote working can change the work environment for the better.
The role of the Web3 workforce as leaders in work culture will strengthen, and they will increasingly demand a fully remote working experience. Companies looking for top talent must be open and accepting of these changing requirements.
Companies that have implemented remote working from the start can attest to the benefits of this approach. Contrary to the perception that productivity was declining, these companies showed extraordinary agility at the start of the pandemic, when many other companies were facing major obstacles in workflow. Companies that prioritize remote working can continue to operate without interruption.
Technology companies should be aware of the impact Web3 talent is having on remote working preferences in the industry at large. Now is the time to invest in a remote working strategy that will not only attract the best talent but also provide overall holistic benefits.
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Also Read:
What is Discord and its Impact on Web3 Development
Solana Saga, Smartphone with Web3 Integration
Uncovering the Impact of AI in Web Development3
DISCLAIMER: This article is informational and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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