Remote.com is a fully remote company, 100 %. And this is a company that allows you to hire people remotely. So one of the problems is that for you to hire someone across borders, it requires someone to be a freelancer or contractor. Even though you may have a great culture in companies like GitLab or Invision, but at the end of the day, you're still a contractor or a freelancer.
That has many disadvantages for both sides. It's just a pain in the butt. It's also not a scalable solution, be it for the culture, be it for its practicality. No one was tackling this, and we decided to fix the problem.
What were the major undercover problems of having teams in offices? Is that we tend to slide back into working synchronously fundamentally. So a lot of unproductive, inefficient methodologies come on very quickly. We just get sort of tag along with it. Like you go for a coffee and then you're standing by the coffee machine with someone, then half an hour goes by, and then you go to lunch, come back from lunch, someone passes by, touch you on the shoulder and all that. So I'd push very much for people to work from places that they felt comfortable. I always believed that doesn't matter where you're working from. And I saw this firsthand.
The reasons why I so badly wanted to start remotes were too great. This is a problem in the world, right? Be it from a practical standpoint, from a legal standpoint of you wanting to hire someone in another country without having to create your entity there and all the hustle which is creating entities and the expense, but also on a productivity side of things. Working remotely brings a lot of things you need to do that you're not usually used to, but those things are fundamental.
We see now a lot of companies face these things that they need to do to work remotely. Actually, they need it in their day to day jobs and in office, but they just didn't. If they need the credentials to access something, they used to say, "Oh, let's call Joe/Jane, he/she knows what that's about." And eventually, that person comes by and tells what you need to do. And that's it.
And all this wasteful thing, among all things, pile up and pile up and pile up. But working remotely doesn't let you go this way. You need to create your own best practices around any different topics.
And it's a topic that gets us very excited. That's what we want. You have a company in one country you want to hire people from the same country or across the world, and with Remote, you can have an employee with really fully legal compliance, full benefits, as if you were hiring someone down the road.
Sometimes people think that it's not a big deal until they try to buy a house, until they try to get credit approved for a new car.
We believe fundamentally, it is always at our core, that people should do what they love. If you want to be an amazing woodworker, fisherman, doesn't matter, you should be that. If we start pushing into this end, the world will be a better place. What happens when you're a contractor, it's like two invoices, taxes, you probably have an accountant, or you do your account. So there's this sort of hustle that is in the back of your mind. It takes a long time, and it makes you wonder.
It is very important to have job security, health insurance, a credible employer statement that you can show to the bank and get credit without having to explain that you're a really well, successful, but you don't have an employer. And with Remote, you can get all that and make sure that your employees just focus on doing what they love. And we take care of all the stuff, that's what we excel in doing.