Companies Who Go Remote-First will Replace Every Company that Doesn’t

Chris Herd
3 min readOct 5, 2020

Companies who adopted technology 20 years ago replaced every company that didn’t.

Companies who adopt remote working will replace every company that doesn’t tomorrow.

The reason is incredibly simple: cost & talent.

Cost

Office-first companies won’t be able to compete with remote-first companies in terms of efficiency, both economic and operationally. Not only will remote-first companies increase their average level of talent with each hire, they will be far more cost-efficient. City living is subsidized by companies, leading to a lower disposable and quality of life.

💰Real Estate Cost

Office-first companies spend $18,400 on average, per workplace, per person

The best remote setup on the planet costs $2,000 per year, coffee included.

Remote is $16,400 less a year, per team member, or a $16.4m saving per 1,000 workers.

🚨Asynchronous Fist

Offices are instantaneous gratification adult kids clubs where it’s impossible to focus and do deep work without distraction.

Remote gives you the optimum workspace you need to do your best work.

⌛Output over Time

The only metric bad middle managers use to measure performance is time spent in the office.

Remote work is about how much work you get done focussing on productivity.

Talent

Unless you are Google, Amazon, Facebook or Microsoft remote teams will be far more talented than any office-based team you can build. Talent wars will be won by companies that have great remote work capability, who will wield it to dominate the next decade:

📍Fixed Location

A physical office means you can hire the best person you can afford in a 30-mile radius, disqualifying you from 99.9% of the world’s talent.

Remote teams can hire the best person they can afford on the planet.

⭐Great Talent

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Chris Herd

CEO / Founder / Coach @FirstbaseHQ Empowering people to work in their lives not live at work ✌️✌