Global Uncertainty Sparks Greater Need for Remote Advisory Work
MARCH 12, 2020
As public health experts recommend people stay home and restrict non-essential business travel in the wake of the coronavirus, the divide between jobs that support remote work and those that don’t has become strikingly apparent. For those in “must-show” kinds of fields, the implications of not going into work, like job and financial insecurity, have unavoidable consequences. Meanwhile, the need and appeal for remote opportunities has spiked. Fortunately, many professionals have the unique ability to engage in advisory work, where they can be hired to advise CEOs and businesses - while remaining 100 percent remote.
First, let’s breakdown just exactly what advisors do.
Advisors proactively identify a company’s opportunities or problems, and then strategize with the CEO and other C-suite executives to develop the right roadmaps for achieving success.
Rather than performing individual tasks, advisors provide information and resources that help leadership teams make smart decisions and encourage them to think critically about the issues at hand, which means most meetings take place virtually, either over the phone, on video conferences, or through email.
Advisors are paid per hour or per project, or on a retainer, making jobs like this key during the current global crisis.
While the coronavirus is an isolated issue, it is a timely example of the changing landscape in how people perform jobs.
Many professionals work in fields where remote work is already accepted, and many jobs offer “work from home” options to foster greater work-life balance for its employees. Software like G Suite, Slack, and Outlook make it easy to stay connected and work from anywhere outside the office. For these professionals, advisory work is an obvious way to earn additional income and diversify work portfolios.
Other high-level professions, like those in the medical field, for instance, are required to be onsite at hospitals or care facilities, where remote work is rare or nonexistent. However, they can still take advantage of remote advisory work, as there are many companies in the medical industry (like medical device manufacturers, app developers, etc.) seeking the knowledge of these professionals.
The draw of advisory work for both of these types of professionals is that it can be done during times of slowdown in the office (i.e. coronavirus restrictions, government shutdowns, import/export regulatory changes), or simultaneously with other your primary job, since it’s performed remotely and on the hours you choose.
One lesson the coronavirus is teaching us is just how significantly health concerns can impact the business world.
Many companies, including Google, Apple, and Microsoft, are urging employees to work from home for the next several weeks and/or month in response to the pandemic. While intended to slow the spread of COVID-19, this has become an experiment in whether or not businesses can maintain efficiency with its employees offsite. We can be certain that companies will now push to adopt technologies and procedures that support greater remote work.
This opens the door for advisors with experience in things like video software and VPNs, or strategies that include virtual check-in meetings and maintaining internal culture remotely. These will be valuable skills to companies around the world. Not to mention, many companies will turn to hiring remote employees and advisors, as opposed to full-time in-house employees, whose work would remain unaffected should another situation like this arise.