Have you ever been curious about the potential of remote work?
Well, now is the perfect time to find out!
A veritable revolution is happening in global job markets in 2020. Large centralized offices seem to have turned into sinking ships, with more and more people jumping overboard.
But what does that mean for you and your business?
Don’t worry! We’ve done all the research for you. In this article, we’ve assembled a boatload of remote work statistics and remote work trends of 2020 for you to work through.
To start, we will look at the big one, which is the number of people already working remotely. This will help shed light on whether this is only a niche form of employment or whether it’s happening on a larger scale.
Although at first glance, this seems like a lot, it isn’t really the case. Let’s flip the number on its head. This means that more than half of the companies around the world do offer telecommuting opportunities. That’s a whopping 56%.
We’ll dive into the reasons for this, later on, so stick around. But before we get to those, we need to discuss a few more things like:
In total, more people work from home at least occasionally than those who don’t at all.
Generally, this will look different for different companies and roles. For some, it might mean working overtime on weekends or at night. In other cases, remote work might be a part of the weekly routine.
Now we can move on from the general to the specific.
Did you know that 3.9 million employees in the U.S. spend most of their days working away from the office?
Many people and businesses seem to be under the impression that remote work is still something out of the ordinary. Or they assume that it’s only for digital nomads and millennials. But as you can see, that is simply not true.
And if you want to make working remotely a full-time gig?
In that case, you will be joining 18% of the workforce. Almost 2 out of every 10 people permanently work from home.
(Global Workplace Analytics)
If you’d like to incorporate remote work as a strategy in your business, that’s fantastic news.
These remote work adoption rate statistics from Global Workplace Analytics prove that working from home (WFH) has been on a steep upward trajectory since the early 2000s. This is not a trend that is going to blow over once the lockdown is over.
Innovations and improvements in technology can take much of the credit for this.
Arguably, one of the most common concerns is remote worker productivity. And who can blame employers for worrying when distractions like Netflix are just one click away?
But the stats might surprise you. Take a look for yourself.
Who would have thought that working from home can increase your productivity? Well, the proof is in the pudding, or in the numbers in this case.
77% of people working remotely claim to work more productively.
Let’s find out how they achieve this.
Participants in an Airtasker survey indicated that taking regular breaks was the most effective tool for productivity. So if you need to work from home, make sure that you incorporate time for a breather in your routine.
During the same survey, work from home employees indicated that having set working hours was the second most popular way to keep them going. Interestingly, this is also one of the top methods that offices around the world employ for better productivity.
Most remote workers find that they are less distracted at home than they would be in the office. Therefore, they are better able to focus on their work and get things done!
Before we look at the negative, let’s look at the positive. There appear to be plenty of reasons why remote working is winning in popularity.
Here, we will cover the benefits that are worth writing home about.
And it’s difficult to argue with them. Remote workers in the UK, Canada, and Australia all agree that flexible schedules allow them to adapt their work to their family and home life. On top of this, it gives them the opportunity to work when they are feeling at their best.
Of course, that’s not all that remote work has to offer.
The overwhelming majority of remote workers report less stress when they work from home. This doesn’t mean that they feel no stress, but a reduction in worry is still a very big benefit of remote work.
All in all, these stats suggest that working remotely from home can significantly improve employee well-being and satisfaction. In the end, happy workers are better workers.
But productivity aside, offering remote work can be a great selling point for your company.
Unsurprisingly, this also means that employees want to stick around for longer.
Yet, it can’t all be a bed of roses. There must be some thorns hidden among the flowers, right?
So let’s jump in at the deep end.
(Think With Google)
It seems that employees working from home are struggling to adapt to working in teams while working long distance. No surprise there. But this is something you need to be aware of if you want to make working from home your thing.
However, there is an upside to this, as well. It shows that businesses are taking the well-being of their teams to heart and are also gearing up to make remote work successful in the long run.
Unfortunately, a lack of face-to-face communication seems to leave many remote workers dissatisfied. Loneliness appears to be one of the significant issues that they need to deal with.
If this goes on too long, it can cause a significant decrease in people’s psychological and emotional well-being.
Luckily, there are hundreds of solutions out there to solve this issue. From virtual office parties to organizing face-to-face meetups, you can find a way to fulfill your team’s social needs.
As soon as workers are not on-site, it becomes much more difficult to have control over the organization’s security infrastructure. Companies need to take steps to prevent data leaks and similar issues.
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.
Generally, these two issues go hand in hand.
Obviously, there will be some jobs that will be a breeze to do from home. But others are far more challenging.
Here we have a recap on everything you need to know about remote work across different industries.
In the main, there is a strong belief that there is a place for remote work in most industries. This is particularly so in fields that have embraced the digital age, such as software, finance, and media. According to these same telecommuting stats for 2020 75% of workers in these fields have high hopes for working remotely in the future.
(U.S. Bureau of Labour Statistics)
It’s no surprise that the largest portion of people who can and do work from home are in finance.
(U.S. Bureau of Labour Statistics)
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.
According to work from home statistics, a significant number of people who work from home fall under the management category. In general, telecommuters tend to hold higher positions in their company.
Increased flexibility, productivity, and happiness all sound fantastic. But those aren’t the only things in its favor. In the business world, money talks, so let’s talk about money while looking at some top working from home stats.
Yes, you read that correctly. According to CoSo Cloud’s remote work survey statistics, employees can save more than a whopping 5 grand a year. All of this is due to having to spend less on commuting, eating at home, and more.
Just think about what you can do with that money!
But it’s not only the employees that can save a penny or two.
(Global Workplace Analytics)
That’s right! Companies and employers can save too.
How, you might be wondering?
Well, picture your office setup and layout in your head. There are all kinds of costs involved: internet connections, utilities, rent, etc.
Factor all of this in, and you can see how businesses can cut their expenses.
Therefore, not only are many telecommuters saving more. They are also earning more, to begin with. As we’ve mentioned, many of the people who work remotely hold high-ranking roles and positions in their companies, which might contribute to this figure.
However, it doesn’t account for the entirety of this deviation. Across the board, telecommuters are earning decent salaries.
Even though there is a potential to earn more, Owl Labs telecommuting statistics 2019 show that many remote workers will take a pay cut to be able to work from home.
To be more precise, a third of workers would be willing to take a 5% reduction whereas a quarter of them would give up 10%. Surprisingly, more than 20% will take an even greater reduction.
We think this statistic pretty much says it all. It just serves to show that money isn’t everything.
So now, we’ve pretty much covered everything going on in the work from home trends. Yet, there’s something else to consider, namely, what’s going to happen with remote work in the future.
We don’t have a crystal ball, so we can’t see the future. But these predictions give us a pretty solid idea of where working from home is heading.
If the recent global crisis proved one thing, it’s how many jobs can potentially change into remote roles. As a result, many CFOs plan to take advantage of the cost-saving benefits of this on a long-term basis.
Contrary to what they say, the grass isn’t always greener on the other side. However, when it comes to remote work, it seems to be emerald green!
The workers love the increased flexibility, freedom, and independence that working remotely provides.
Additionally, for you as an employer, it would mean that your workforce will be less likely to back out of your arrangement.
Owl Labs remote work statistics 2019 reveal that almost half of the workers who have the option to work remotely, not only plan to do so but also expect to do so more often than they currently are doing over the coming years.
Significantly, this statistic suggests that not only will remote working grow in total numbers it will also become more widespread across industries. It won’t only be isolated to specific companies and job types.
The future is looking long-distance.
Altogether, these remote work statistics show that remote work is here to stay. Working from home has been on an upward trend for close on to two decades, with no potential endpoint in sight.
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. But it’s also true that it has great potential in other areas.
Today, it is more important than ever to explore your options. From potentially cutting costs to diversifying your staff, remote working can give your company an edge. And as an employee, it can give you more freedom and flexibility than you’ve ever enjoyed before.
1. Owl Labs
2. Owl Labs
4. Owl Labs
5. Global Workplace Analytics
6. CoSo Cloud
12. Owl Labs
13. Think With Google
18. U.S. Bureau of Labour Statistics
19. U.S. Bureau of Labour Statistics
21. CoSo Cloud
22. Global Workplace Analytics
24. Owl Labs
27. Owl Labs