Top 6 remote work stats you should care about in 2021!
Since the spread of Coronavirus, remote work has become a trend that changed how the global work space operates for good.
Now, if you're amongst the lucky people that have already settled into remote work, or you're considering a remote work way of life, it's important to understand that there are really common remote work myths you need to be aware of that can hinder your remote work experience. In this post, I'll share with you the 6 Biggest remote work Myths of all time, so keep on reading...
1. Remote work positions are on the rise
The number of companies hiring remote employees has never been higher. In a survey conducted by Upwork, they found that 56.8% of teams are still working remotely at least some of the time. Of that group, 41.8 percent remain fully remote, Another 15 percent are currently partially remote, meaning some days they work remotely, some days they work on site.
It's no surprise that this style of work is gaining popularity since it benefits both employees and employers alike with talent shortage being the top driver leading companies to adopt more flexible workforce models. Rather than having to choose from the local talent pool only, companies can now connect with someone who has the right experience and professional skills even though they may live halfway across the world.
2. Remote work increases job satisfaction & retention
Owl Labs found that 83% of workers, remote or on-site, say that a remote work opportunity would make them feel happier at their job. while 74% of employees say that a remote work option would make them less likely to leave their company. It makes sense since remote work allows workers more flexibility and more autonomy in how their work is achieved, which allows them to meet the demands of their job and their own personal (life and family) demands.
Owl Labs and TINYPulse together surveyed 1,097 US-based workers to analyze remote work's impact on employee success and retention as well as manager-employee relationships. They found that companies that allow remote work experience 25 percent lower employee turnover than companies that don't support remote work. This data indicates a key opportunity for employers to expand their remote and flexible work offerings as a retention tool.
3. Remote work increases productivity
Employees' presence in an office is not related to how much work they're getting done. CoSo Cloud did a survey and found that 77% of remote employees say they're more productive when working from home while 23% of remote workers say they work longer hours than they would on-site. That's because offices can be extremely distracting. Noisy co-workers, lunch with colleagues, useless meetings, office parties, and interpersonal conflicts, which can take people away from more important tasks and waste everyone's time.
4. Remote workers take less vacation time per year.
In a survey conducted by Flexjobs 28% of respondents said they would take a 10% or 20% cut in pay; 21% of them are willing to give up their vacation time, and 16% said they would give up employer-matching retirement contributions, all in favor of a flexible working schedule. And that's a huge benefit for employers in case they decide to incorporate work flexibility into their companies' strategy and operations.
5. Remote workers feel better
PGi revealed in one of their studies that 82% of remote workers confirm a lower stress level when working from home. Remote workers can focus on their work without stress or anxiety. Their flexible daily schedule allows them to wake up late, plan more workout, cook very healthy meals since the kitchen is only a few steps away unlike the office where their food options are very limited. In other words, they eat healthier, they sleep better, they exercise more, they have more time for their family and friends, their stress level drops, they have more personal freedom – who wouldn’t be happy with such a life?!
6. Remote work lowers business costs
According to Global Workplace Analytics employers can actually save over $11,000 per half-time remote worker per year, which is a lot of money still! Companies that are completely remote have no need for the overhead costs associated with a centralized office like rent, utilities, parking fees, security systems, and minor maintenance projects. Also, consider furniture and equipment expenses: no office, no desks. Just think about it, you won’t have to pay for chairs, couches, lamps, or decorations when every team member works remotely.
As you can see, those stats are even more proof that remote work is the new norm these days and is not going anywhere any time soon due to the massive value it offers for both parties: employees and employers, everyone wins.
As we wrap up this article, here are few hand-picked items for you to improve your remote working journey–