back to Edgeline

Managing Virtual Teams

HSBC, a global banking and financial services company, has offices in 83 countries and territories around the world. Its North American division, which includes operations in the United States and Canada, launched an initiative last year to encourage flexible work strategies that allow employees to work virtually anywhere.

In July, HSBC-North America began offering a course on managing virtual teams, showing supervisors how to maintain productivity and foster good communication between employees in remote locations.

"We think this course is so important. Workers have more interest in flexibility, and the technology exists now to support that," says Anne McIntosh, vice president of learning development and talent management for HSBC-North America.

"We've found that the things that help you manage people virtually also work well in managing globally. Communication, transparency and availability— things we take for granted in an office location—are things you have to consciously rebuild in a virtual team."

Jennifer Macadlo, corporate learning and development manager for HSBC-North America, says the virtual management course can either be taken in a 45-minute Web-based training, or in a half-day program with an instructor.

Some tips from the two experts:

"We'd like 20 to 25 percent of our staff to be working remotely," Macadlo says, "and think it's important that managers and employees have the tools to manage well in a culture shift like this. Offering flexibility and choice to people minimizes attrition, and results in more satisfied and engaged employees."