We can confidently say that remote work is here to stay. The recruitment and HR industries are also rapidly adjusting to the trends.
Data projections show remote work opportunities will continue to increase through 2023 across most industries.
In this article, we cover:
Although the examples thus far have concentrated on the actions of individual companies, some challenges are broad enough or difficult enough—or both—to benefit from a collective response.
We are presenting statistics relating to remote work that Buffer collected and provided insight into:
The number of employees who switch office work to remote work will increase every year.
The reason is that remote work reduces costs, results in a higher percentage of more qualified talent from different regions, and considers individual characteristics of a person.
Thus, companies increase investments in top growth drivers: talent and digital transformation.
77% of companies put investment in hiring and retaining talent as their priority
60% are capitalizing on digital transformation initiatives
56% increase agility to become better suited for a turbulent business environment
49% reevaluate pricing strategies and
47% pursue corporate mergers and acquisitions, partnerships, joint ventures and alliances
Currently, 16% of all companies worldwide are 100% remote.
44% don’t allow remote work opportunities.
In contrast, 97% of workers would like to continue working from home for the rest of their careers and 77% of them experience an increase in productivity.
The industries with the highest number of remote workers are healthcare (15%), technology (10%), and financial services (9%).
Although employers are ready to declare productivity gains and an income boost, some are still reluctant to give up the office. Companies offer more incentives to talent, including higher salaries, better benefits and greater flexibility.
Several recent studies concluded that employees identified those as the most attractive incentives—but companies were falling short of meeting employee expectations.
That’s starting to change as the number of available workers stays below job openings. Many companies now pay more for talent, some even at the cost of eroding profitability.
The annual average income calculations show that remote workers earn $4,000 more than in-office workers.
The office is here to stay, but its concept is going to change. Less than one in 5 executives states they want to return to the pre-pandemic state.
Most business leaders are looking to extend remote work options, with only 13% being prepared to let go of the office for good.
On the other hand, 87% of workers state the office is essential for collaborating with team members and developing relationships-- their top-rated requirements for the office.
The least experienced workers continue clinging to the office work. Employees with the least quantity of professional experience (0-5 years) wish to remain in the office.
30% percent of them like being remote no more than one day a week vs. just 20% of all participants in the research.
The least skilled employees are also most likely to feel less efficient while working from another location (34% vs. 23%).
They also value live meetings with managers or attending business training programs more than their more skilled colleagues.
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