Remote Work in 4 Key Stats
Covered in our last post, remote work or “work from home / WFH” refers to an environment where staff can work from a location of their choosing (versus reporting to a traditional office).
According to Remote.co, “a remote worker is someone who works outside of a traditional office.”
Simple enough. We refer to “remote workers” as people who work in a location of their choice versus a traditional office.
State of remote work
Remote work is here to stay. What does that mean to you? What does this shift mean? Here are a few statistics you should know about the overall WFH situation.
Growth of full-time remote workforce year over year
In a 2019 survey by Owl Labs, 48% of respondents worked remotely at least once per week. What’s more interesting, 30% of respondents worked remotely full time, up from 18% the year before. The remote workforce grew by ⅔ in a single year, and that was without COVID!
Expansion of remote work during COVID
While it’s still too early for a full read on how things will shake out, we at Walker Tracker have a primary data set of respondents in the HR industry. In our survey, nearly half said that they offered some sort of work from home flexibility prior to COVID (totally consistent with OWL Labs’ numbers), and half expanded to allow work from home during COVID.
The remote working landscape more than doubled from 2005-2015. Nearly 50% of companies surveyed by Walker Tracker introduced remote work this year. We predict many will not return to the office, with notable examples in Google and Twitter.
Who is going remote?
It’s important to note that whether or not you intend to take your workforce remote, remote work is growing. Last year, according to the bureau of labor statistics, 23.7% of all American workers worked from home on an average day – of those with advanced degrees, 41.7% did. This means that the more skilled and talented an employee is, the more they’ll expect to be trusted to work from home.
The more skilled and talented an employee is, the more they’ll expect to work from home.
WFH Expectations by age, generation
Recent college graduates cite “work/life balance” and “flexible work conditions” as the first and second most important non-salary benefits of their first job. Health insurance didn’t even rank in the top 4. Further, 85% of millennials want to work from home all the time, and 42% of working adults would sacrifice salary to gain the ability to work from home.
The number of jobs, roles, and industries going remote full-time has been expanding greatly prior to COVID. Many industries were considering it, but didn’t want to make a drastic change if it would affect productivity. COVID has forced that change, and many industries will likely remain remote after this is done.
Whether or not your workplace or industry offers remote work, those competing for the same talent may offer remote work. Remote work is an essential benefit to have in your toolkit to attract and retain educated, experienced employees. Aside from the high-skill employees, young employees priorities also favor remote, flexible conditions.
Remote work can improve employee morale and productivity, hiring range and talent pool, and real estate costs, when done correctly. Done poorly, it can reduce employee socialization, managerial oversight, and physical & mental health issues.
Up next, we’ll show how to make the most of remote work while also reducing the negative externalities that can come with remote work.
Until then, feel free to reach out to us at email@example.com with your personal story of changing to a WFH culture, or talk to our sales team to see if Walker Tracker is a good fit for your organization.