Due to the global nature of the marketplace, virtual teams have become a common method of doing business.
Virtual teams have many advantages.
Virtual teams allow companies to hire employees from around the world without the cost of relocation. Employers are able to hire the best-suited employee that might not be available because of proximity. This ability adds value to the company by having diverse talents and expertise. By hiring around the world employers are able to bring employees closer to customers. By working on a virtual team, members are able to hold looser work schedules.