Digital nomad is simply working remotely. Digital nomads are the new elite. Nomadic workforce. The new rich in terms of space and time. A nomadic lifestyle in the global village with a touch of upscale nomads, i.e., the professionals.
Once upon a time, people roam the earth freely, now we do the same, but remotely.
The big question is, do they harm the economy?
Working 9 to 5 is the relic of the 20th century. Gig Economy and Corporate Gig are not just fads.
An interesting read for the digital nomads below and selected Excerpt:
"It’s not always the money that lures. As the nomads say, “I don’t want a job, I want I want a lifestyle”.
PROs
1. IBM’s Smarter Workplace Institute found that remote workers tend to be happier, more productive, more engaged with their jobs and perceive their companies to be more innovative because of flexible work arrangements.
2. Remote workers are actually more focused. They are removed from office distractions, like meetings, ringing phones and office small talk. They also tend to remain in their jobs longer or are more loyal to the company, decreasing employee turnover.
3. Allowing a portion of your staff remote options allows the company to utilise office space more efficiently, and also grow without adding expensive office space.
CONs
1. The notion of physically being together ensures there is constant, even if subliminal, communication throughout the day. A remote workforce would perhaps miss out on nuances of daily office exchanges.
2. How do you tax digital nomads, especially ones who work globally, without formal work permits, for multinational companies who provide services that are also global, or cloud-based? Labour laws for the new world of work will have to be overhauled.
3. A remote workforce requires a different style of management. The company culture will have to shift from a time-based, clock-watching culture to performance or output-based culture. When managers say they can’t trust whether or not their remote workforce will be productive if they are not on site, then I simply tell them that they’ve hired the wrong people."
Lifestyle
WeWork to Expand with USD4.4 billion funding from Japan, 2017.
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