Considering the Present and Future of Remote Work in Malaysia
The proverbial rat race is no longer a reality of the 21st-century workplace. Pivotal new norms and technology are rewriting how we work. Having the flexibility to tailor a work-life balance is a powerful empowerment tool. This places the spotlight squarely on the future of remote work and the changes that could occur.
As life restarts, Malaysian employers are keen to place remote work on the back burner. Unsurprisingly, Malaysian employees are just as actively refusing to return to the old ways.
Current Workplace Trends
Technology and innovation are sprouting workplace solutions quickly. Remote work is almost a prerequisite, especially if you are a ‘top talent’ with in-demand skills.
Video conferencing and teleworking are now a seamless part of daily work routines. Entrepreneurs and executives alike prefer to work in convenient coworking spaces or ubiquitous coffee shops.
The emerging trend is of a modern workforce that is independent, mobile, versatile, multi-generational, and digital. These changes are firmly influencing the future of remote work in Malaysia.
Remote Workforce Challenges
A 2019 pre-pandemic workplace survey in Malaysia noted high incidences of work-related stress. Fast-froward to a 2021 survey, same results with risks of burnout thrown in for good measure.
Remote work may seem like a dream come true for most entrepreneurs and wage earners. However, top talent is leading an exodus in terms of mass resignation globally. In Malaysia, a plethora of issues is plaguing the workforce, including slow digital adoption and lacking a skilled workforce.
The hard truth is that remote work is blurring boundaries, and, generally, people and companies are struggling to adapt.
A Future-Forward Workplace
Transitioning to a remote workforce is a future reality as digitalisation continues to enable disruptive solutions. In the works are hybrid virtual/physical models, virtual reality meetings, etc., facilitating remote work and office time.
However, remote-friendly policies are slow to emerge in Malaysia. Many enterprising Malaysians are kick-starting their entrepreneurial spirits in the wake of this.
Thanks to e-commerce and hassle-free company incorporation, savvy Malaysian entrepreneurs are capitalising on remote work opportunities. A new generation of dropshippers, virtual accountants, etc., are rewriting the Malaysian business playbook.
The future of remote work is still in a flux-state in Malaysia as new workplace solutions emerge. If you’re keen to make a real go at remote work, then it’s time to get smart about things. Whether you’re an entrepreneur, a freelancer, or an employee with remote work arrangements, due diligence is essential to success.
From business registration and licences to website design and hosting, setting up for successful remote work is doable. Even getting help with personal taxation or a quick financial audit can be stress-free with the right partners.
As an award-winning company, 3E Accounting offers 21st-century business solutions. Our professionals work with you to create outcomes that best facilitate your lifestyle choices. Contact 3E Accounting Malaysia today to secure the future that you want.