Remote working trends in 2020
Remote working is a twenty-first century phenomenon that is shaking up industries on a worldwide scale. As technology improves and businesses’ outreach widens, what was once a luxury afforded to only a select few employees is quickly becoming a reality for millions of workers around the globe. If you’re wondering how this development could affect the way you live and work, read on to find out the most important facts and empirical findings about remote working trends in 2020.
Remote Jobs: A Trend on the Rise
Remote working has enjoyed an exponential increase over the past two years. In 2018, 3.6% of Americans reported working from home at least part of the time (Global Workplace Analytics) — this figure has grown to a whopping 29% in 2020 (The Atlantic).
A IWG Global Workplace Survey reveals that employers are adapting the way they interact with their hirees to fit this trend, with 61% worldwide offering flexible workspace policies as of 2019 (Merchant Savvy).
As it stands, Germany is at the forefront of this movement, with 80% of German workplaces allowing employees to work remotely in some capacity. The Netherlands, Australia and the US are not far behind. The study also shows that in the eyes of the general public, remote work is largely becoming the new norm. Those with online jobs are not in it for the short term — 80% of people who work from home say they want to stick with it for as long as possible (And.co).
One fact which may explain the sharp rise in this trend is the popularity of remote working among younger generations. Millennials and Gen Zers, at all professional levels, are major advocates of the practice, especially when compared against members of the Baby Boom generation. A 2019 report by Upwork states that 74% of younger managers have team members who “spend a significant portion of their time conducting their jobs remotely”, as against 58% of Baby Boomers (Upwork).
Undeniable Benefits of Working from Home
It is not hard to see why remote working might be an attractive prospect for professionals and employers alike. The trend accelerates globalisation, opening up a much wider pool of talent for companies to draw from. It also permits workers to better manage their work-life balance, with an average of 71% of workers citing this as the most important advantage of working remotely (Merchant Savvy)
But the benefits do not stop there.
- The American Psychological Association highlights an increase in job satisfaction among those who work from home (APA)
- Remote work also correlates with improved efficiency, with employees becoming 13% more productive and also taking few breaks and sick days (Merchant Savvy).
- It is also a clear money-saver, with those who work from home saving between $2,000 and $7,000 a year, and businesses saving an average of $11,000 per employee in 2020 (Irish Tech News).
- The lack of commuting and reduction in other work-related activities mean that the average remote worker gains 408 hours of free time a year (The Ladders)
Additionally, remote companies foster greater diversity among their workforce, which means businesses are propelled by perspectives from different cultural backgrounds and socio-economic groups (The Atlantic)
Online work is so appealing that a 2020 study has found that 47% of professionals would take a pay cut in order to be able to do their work from home (Merchant Savvy)
What’s more is that 80% of people say that given the choice between two jobs, they would be more likely to pick the one that gave them the option to work from home (Merchant Savvy)
To get a comprehensive overview of the benefits of working from home, be sure to check out the 10 benefits of working from home.
Impact of the Coronavirus on Online Work
Recently, remote careers have been gaining traction due to the vast numbers of offices that have chosen—or have been ordered—to close in the face of the Covid-19 epidemic. In the places most affected by the virus, companies with remote working policies already in place are carrying on as normal, while those that don’t are finding themselves stunted by the quarantine. Without the technology in place to work from anywhere, their workflow is disrupted as they try to adapt to the new situation.
The possibility of a prolonged period of lockdown should encourage businesses to set about establishing ways in which their employees can work from home. However, in order to facilitate this shift, it is not only company policies which have to change, but the general landscape. As of 2020, 6% of Americans still lack access to the Internet, which makes remote work an impossibility (FCC)
The Future of Remote Working
In light of these statistics, it is not surprising that online jobs are expected to become even more commonplace in years to come.
Upwork predicts that by 2028, 73% of all teams will have remote workers.
This is bolstered by the fact that non-traditional talent (e.g. freelancers and temporary workers) is also becoming the norm — the same study projects that by 2028, these workers will have increased in number by 24%. Moreover, the positive effects of remote work will become greater within roughly the same timeframe. It is estimated that there will be $4.5 trillion in savings by 2030 due to heightened productivity and reduced fixed overheads—in the United States alone (Merchant Savvy).
Other issues such as climate change will play a big role, as it’s estimated that up to 54 million tonnes of greenhouse gas could be reduced each year if people with remote jobs worked at home even half the time—that’s the equivalent of taking 10 million cars off the road.
In these uncertain times, it is imperative to focus on what we know for sure. The rise of remote work and the positive changes it has brought to the working world mean that we should expect more and more businesses to rethink their hiring strategies and workspace policies to offer online jobs as standard. If you’re still working a traditional office job, you might want to consider making the transition to remote work. Not only is it a surefire way to stay afloat in the modern era, but working from home will likely change your life for the better.
So why wait? MONDJO helps you to find jobs online, anywhere in the world. Check out our current jobs listing here and create your free profile here. Once you list your skills (it takes less than a minute!), you will be notified about all of our work from home jobs that meet your skillset profile. Let us know how it goes, and I hope to see you soon, in a co-working space somewhere around the world!