We’ve gatheredtogether some of the most interesting facts and statistics, helping you to seewhat the current remote work landscape is like and some of its key traits.
With theupcoming Remote Future Summit 2019 we thoughtabout sharing with you this most important statistics about remote work. Withcontinuously improving technology and ever-changing working culture, remotework is becoming increasingly common in companies around the globe. More peopleare realizing and experiencing the benefits that flexible working arrangementshave to offer. We’ve gathered together some of the most interesting facts andstatistics, helping you to see what the current remote work landscape is likeand some of its key traits.
Remote workers aremore productive
One of the biggestbenefits for employers when allowing their employees to work remotely is theincrease in productivity shown by workers. Global Workplace Analytics Costs& Benefits survey shows that teleworkers in a number of large companies areactually between 35-40% more productive than their office counterparts*. They also found that “two-thirds of [allsurveyed] employers report increased productivity among their telecommuters”.
Not having tocommute can improve your health
Not needing tocommute and significantly reducing your travel costs can lead to an increase inreal income. You also save precious time spent commuting, and the stressassociated with traveling to work. 55% of people reported increases levels ofstress due to their daily commute, according to a report by the UK RoyalSociety for Public Health as cited in Forbes. Saving both timeand money will, of course, lead to an improvement in your overall work-lifebalance.
Your work lifebalance can be greatly improved
Flexible workingarrangements also help employees better manage their work-life balance. It’sbeen shown to be conducive to a better standard of mental and physical health,reducing stress and burnout. FlexJobs reports that 97% of over 3000 respondentsin their 2018 annual survey said that a flexible job would have a “hugeimprovement or positive impact on their overall quality of life”*.
More and morepeople are working remotely
It’s predictedthat by 2027, the majority of the US workforce will be working remotely*. The number of those with flexibleworking arrangements is also growing faster than the overall US workforce, atroughly 3 times the rate. More companies are hiring and realising the benefitsand potential that remote work can offer.
Remote work ishere to stay
According toLinkedIn’s Global Talent Trends Report for 2019, 72% of talent professionalsagree that work flexibility will be very important for the future of HR andrecruiting. In the past two years alone, there’s also been a 78% increase inLinkedIn job posts advertising flexible work arrangements. It seems than thatremote work is here to stay, and won’t just be a temporary trend in the jobmarket.
Companies thatallow for remote work can save significant costs
Remote hiringcompanies see a tangible reduction in costs associated with running a fullyequipped and staffed office for all workers. IBM for example managed to save$50 million in real estate costs. 60% of employers questioned in the costs andbenefits survey reported cost savings overall as a significant benefit ofallowing people to work from home*.
Remote work hasn’talways been called remote work!
While remote workis one of the most popular term for flexible working arrangements,telecommuting was once the preferred one. Coming from Jack Nilles’ book TheTelecommunications-Transportation Tradeoff in 1976, he proposed asystem whereby work was brought closer to the workers. While technologycouldn’t possibly allow for computers to be installed in every person's home,they could at least build satellite offices close to their employees’ homes.After testing the idea with an insurance company in LA, Nilles reported that“[the] productivity of those employees went up 18%, the turnover rate went tozero and facilities costs were much lower.''
Remote work isenvironmentally friendly
By getting rid ofthe commute, working from home drastically cuts down on the carbon emissionscreated from using a vehicle. Even from just working outside of the office forhalf of the week, remote workers could reduce their greenhouse gas emissionsby 54 million tonsevery year. Also the amount of resources neededwithin the office environment is reduced, meaning that paper, electricity andheating use are all cut down.