In today's environment made up of gig workers and non-traditional work engagements, many companies have started to adopt an organizational structure which allows for virtual teams and/or flexible work arrangements as a progressive approach to its people strategy and in some cases, to address the fundamental gap in skilled talent.

Although utilizing a new work arrangement such as virtual teams or employing more global teams can seem like a daunting task, there are tremendous benefits to flexible work arrangements and virtual teams, including lower absenteeism, enhanced productivity, improved work-life balance, the ability to cultivate talent that can thrive with flexibility, reduced overhead costs, the ability to scale quickly without the burden and cost of additional office space — and in the case of a distributed (global) workforce, the ability to find talent anywhere in the world.