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Andrew Kim runs Share FTR Technologies Inc. out of his home in Brampton, Ont. Some of his employees are based in the U.S. and the Philippines.Andrew Kim wasn’t always a fan of remote work, but when he co-founded Share FTR Technologies Inc. in 2021, he knew the business wouldn’t thrive without it.
Once he embraced remote work, however, Mr. Kim says he identified other advantages. Along with having the ability to work effectively across borders and hiring talent beyond commuting distance, he saved on overhead expenses and the company’s overall efficiency improved. Despite his preference for offices, Mr. Kim acknowledges that the company’s future growth depends on its ability to hire talent based outside Toronto. He adds that this structure would have been much more difficult to establish just five years ago, and practically impossible five years before that.
Hybrid and remote work provide an array of benefits to organizations of all shapes and sizes, but the widespread adoption of more flexible work policies is particularly beneficial for startups, particularly those targeting foreign markets early in early stages of development. Mr. Allen says although the pandemic may have been the catalyst for widespread adoption of the hybrid work model, the real enabler is the tech tools that support it. For example, before COVID-19, organizations had already begun moving from servers housed in the office and largely inaccessible from elsewhere, to more flexible cloud applications that can be accessed online.
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