With the myriad changes sweeping the workplace, virtual teams look like the New Economy phenomenon that is here to stay. Organizations need to implement the right policies to get the most out of this system.
The most visible and most powerful technological tool of the recent past, the Internet, has brought about changes on a scale and dimension that is, to put mildly, phenomenal. This present-day revolution has spawned many by-products, among which the virtual workplace is one. A virtual team is quite easily understood, as can be inferred from the term:
- They are linked via the Internet and any member of the team may be located in any part of the world
- It is a team whose members don’t work in a common location such as an office
- Virtual teams do not meet each other on a day-to-day basis
- They are bound together by a common organizational goal, but not always by common work schedules
- Virtual teams work in different shifts based on their geographical location
Advantages of Having Virtual Teams
Virtual teams evolved precisely because they carry a few distinct advantages for people who take part in it.
- They save its participants enormous commuting time, which can be used constructively for work
- Virtual teams save the organization substantial amounts of money on transportation costs for employees who need to be plied to office on a daily basis
- Very importantly, an organization that has a policy of facilitating virtual teams can draw the best global talents from those people who cannot or are unwilling to relocate
- They engender better work-life balance of members of virtual teams, since such employees get to spend a good deal of time at home.
Factors To Note While Assigning Virtual Teams