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- July 14, 2020
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Remote Work Statistics: Lifestyle, Productivity, Earnings
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Over half of respondents (54%) also believe that “accelerating agility” is important to their business strategy. In 2018, global end-user spending on cloud-based conferencing solutions totaled $2.7B. In 2025, it is forecast that the collaborative software market will generate $17.9B in total market revenue. In 2020, the collaborative software market generated an estimated $16B. Microsoft’s Zoom competitor has increased from 13 million monthly users in July 2019.
All in all, these industries have the lowest number of remote workers. The practicalities of their job mean that there is much less room for flexibility. Not having a centralized office can make simple communication between employees far more challenging. If this overlaps with the issues seen from the remote work isolation statistics above, there is cause for concern. That’s certainly one of the most interesting Google statistics and trends. It seems that employees working from home are struggling to adapt to working in teams while working long distance.
35% of US workers would like to continue working fully remotely
In its Workplace Confidence Survey, LinkedIn found that US companies operating in the tech sector in 2021 were the most likely to offer full-time remote work — at 48% — and hybrid work — at 51%. To be able to work remotely, about 52% of Gen Z hybrid employees would move to a new location, too. According to Deloitte’s survey — based on the responses of 23,220 participants from 46 countries — 75% of Gen Zs and 76% of Millennials would prefer a hybrid or remote work arrangement. However, the workforce today mainly consists of Millennials and Gen Z, whose diverse people-oriented, and socially-responsible world views are making companies reevaluate the way they do business. Out of the 59% of employed adults with work-from-home jobs, 65% have a Bachelor’s degree and 67% are with upper income.
Zoom is a video conferencing app that reported growing 326% in 2020, despite being a decade-old company. The COVID-19 pandemic prompted an abrupt shift to remote work for most companies and employees and transformed Zoom into a household name practically overnight. A remote-first company is a company that prioritizes a remote working model, encouraging employees remote work statistics to work from home or remotely by default. Remote-first companies usually don’t have physical offices, which helps them save on costs and recruit from a larger global pool of talent all around the world. In terms of connectivity, many organizations had to change and adapt many IT approaches to ensure business continuity among their remote workers.
Statistics on the benefits of remote work
So much that 1 in 4 said they would take a pay cut of over 10% to stay working from home . COVID-19 has taught us that working from the office doesn’t equal productivity. We also noticed that the remote work community seems to be split on whether remote work can hurt or stall career progression. Some executives have voiced concerns that remote work stops employees – especially more junior employees – from making connections and learning from peers, both of which can occur naturally in a co-located office. However, the majority of respondents don’t believe that career growth is more difficult for remote workers. Fourteen percent believe that remote work makes career progression less difficult and 41 percent believe it has no impact at all. A survey of remote work by PwC reported that 60% of executives plan to prioritize spending on tools for virtual collaboration and training for remote managers.
52% of global #employees work remotely once a week, and 68% do so at least once per month (@OwlLabs).
Here are the 28 need-to-know #remotework statistics of 2020: https://t.co/I6Ib8uhNz8
— MI Assoc of CPAs (@MichiganCPAs) July 7, 2020
Personally, if all site owners and bloggers made good content as you did, the net will be much more useful than ever before. However, that doesn’t mean that it doesn’t come with its fair share of challenges. This is especially true for specific industries, for example, transport. 25% of the participants say they will move 10% of their workforce to remote working permanently. Gartner’s research shows that there are only very few employers ask their workers to take unpaid leave. But these predictions give us a pretty solid idea of where working from home is heading.
About a quarter of workers say they are less satisfied with their job than they were before the coronavirus outbreak
In this year’s report, just over half are employees while 42 percent are independent consultants or freelancers. Of the employees, 74 percent work in companies with 500 or fewer people. A majority have been working remotely for two years or fewer, 27 percent for three to 10 years, and 6 percent have worked remotely for more than 10 years. Remote work saves businesses money, gives them a larger pool of applicants to choose from and makes them more money. So, it’s no wonder that small businesses and startups have been adopting this option. In fact, small businesses are twice as likely to hire remote workers than larger competitors.
