Inside the kits are various articles and group/individual exercises to better a remote work experience. Their toolkit comes in four different varieties: Teamwork, Effectiveness, Communication, and Well-being. They call it their “ Virtual First Toolkit ,” which has all the advice a remote company could need. Realizing their success among remote-first companies, DropBox has provided a roadmap for thriving in this format. They’ve also encouraged remote employees and teams to develop schedules that work best for them. Instead of the traditional 9-5, they’ve set core collaboration hours that overlap well between timezones. DropBox addressed this problem by creating a “non-linear schedule.” Their goal is for employees to have a physical place to meet when they want to work together collaboratively.ĭifferent time zones and lifestyles make it harder to coordinate schedules in a remote-first company. To do so, they built a strategy called “Virtual First,” where employees would work remotely by default but would have access to collaborative spaces called “DropBox Studios.” DropBox is in the process of converting office spaces with long-term leases and a high concentration of employees into these studios. In both these plans, employees’ interests can be disregarded, or a duality can form in the employee performance, leading to inequities in career trajectory.
Going Remote FirstĭropBox felt that going to a fully remote or hybrid model had too many shortcomings. Fostering a solid and open line of communication and avoiding these possible mishaps must be a priority for remote-first companies. When making the switch to remote work, businesses need to be wary of these transitional complications. Their survey with the Economist Intelligence Unit revealed that “company culture suffers with no in-person interaction, risk of miscommunication is higher, and it’s harder to start new projects with multiple collaborators.” While DropBox was set up for success in terms of its software, it still underwent the typical turmoils of a remote switch. Company Culture Can Suffer in a Distributed Format Here’s the most valuable information from their transition. Here’s what we learned from DropBox’s shift to remote-first.ĭropBox is a great company to learn from because they conducted several internal and external studies on remote work. However, they still faced some growing pains as they made the change.
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DropBox found itself favorable compared to many companies because its’ software was designed for remote communication and collaboration. This was enough to convince them to make the change. They also conducted an internal survey which got an overwhelming majority of their staff (nearly 90%) in favor of remote work. Wanting to start from an informed position, they commissioned a study that found workers were more focused and just as engaged from the home office.
Before this shift, almost all of their employees worked in a traditional office setting. DropBoxĭropBox made an announcement back in October 2020 that they would be switching to remote work. Let's take a look at the lessons these companies have learned after a year and a half of being remote-first and what it means for the future of remote work. Their success has proven that being remote-first companies is in no way a limitation and has let thrive in a post-pandemic world. Coinbase had the seventh largest U.S IPO in the history of the stock market.Upwork now has a market cap of 6.1 billion.Quora is valued at 2 billion and the company has grown to 950 employees in 2021.Dropbox grew its revenue by 12% in the first quarter of 2021 to $511.6 million.These trends continue to gain momentum throughout the United States and the rest of the world. Others, like Upwork, have made remote work the default for all employees. Quora and Dropbox will convert their commercial office space into coworking spaces for employees. Now, as many companies return to their physical offices, these four companies will remain permanently remote-first companies.
Like many other businesses, they were forced to implement a distributed work format to maintain their daily operations and keep themselves afloat. Quora, Dropbox, Coinbase, and Upwork went remote-first during the pandemic. Remote-first Companies 1.5 Years After Making The Switch
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