Why Remote Work has Become a Mega Trend you Cant Ignore

Unlike France and Japan, where most companies don’t support remote work, some countries are more likely than others to allow their employees to work from home. Meanwhile, in Japan, the number of companies offering remote work has decreased, as  data from a 2022 survey done by Tokyo Shōkō Research shows. Only 29% of Japanese companies allow remote work, meaning the remaining 71% offer no remote positions.

A 2022 data survey released by Upwork supports the claim that remote work continues to contribute to employee relocation. The report estimated that around 9.3% of employees planned to move due to full-time remote work. The way in which housing markets are responding to population growth may be another factor, potentially limiting domestic migration. As research from Howard, Liebersohn, and Ozimek and others has shown, housing markets are responding to remote work-driven demand shifts with higher rents and prices. This will be especially binding in places where housing supply is inelastic due to either zoning and geographic constraints in the long-run, or construction worker and raw materials inputs in the short-run. In contrast, housing supply elasticity was insignificant for domestic migration in 2021.

Surprising work-from-home statistics of 2023

The shift to remote work has not only benefited employees but has also been found to improve productivity levels. A study by Prodoscore revealed that remote workers’ productivity increased by 47% in 2023 compared to pre-pandemic levels. According to Owl Labs’ findings from 2022, 67% of remote workers would expect a pay raise if required to return to the office. However, if their employers were unwilling to meet this demand, 46% would stay with their company but invest less effort into their job.

Over half of all businesses surveyed are also increasing expenditure on collaboration tools (57%) and remote desktop tools (52%). A 2020 survey found that 56% of remote workers had been working from home for less than a year. Finally, the WFH Research survey from 2022 shows that employers are also more open to allowing their employees to work in a fully remote or hybrid environment after the pandemic ends. Approximately 29% of respondents stated they spend days waiting for crucial information, while 22% struggle to collaborate with coworkers from other departments and teams. In 2023, the Top Employers Institute also touched on the use of AI technology in its World of Work Trends report.

Despite increased awareness, risky behavior continues

The highest demand, Janulaitis said, continues to be for security professionals, programmers, and blockchain processing IT professionals. Other industry research shows data analysts and AI professionals are also in high demand. On Adzuna, advertised job vacancies in the U.S. totalled 8.3 million in March. As a result, organizations need to continue working to attract and retain highly qualified talent amid shortages and skills gaps, Neave said.

As of April 2021 survey found that 67% of businesses have increased spending on web conferencing software – the largest increase in WFH tool spending. The latest data reveal that employers plan to allow employees to work from home at least 2 or 3 days a week. The last trend we’ll examine that will shape the future of work is employees’ desire to keep working remotely.

The CO-FLOW long COVID study at Erasmus MC, Rotterdam, Netherlands

Alternatively, remote work may have an impact on migration patterns that will take a longer time to unfold. In this case, the weaker relationship with work-from-home fundamentals may be due to housing supply becoming a more binding constraint to work-from-home-driven population shifts. In this view, while work from home has the potential to help people live where they want subject to less constraints, this is only the case if those places build enough housing. Survey evidence as of November 2021 suggests that nearly four times as many people planned to move because of remote work as had moved already, providing some evidence that the long-run impact is still unfolding. Ultimately, the evolution of the remote work labor market and local housing markets will be crucial determinants.

According to WorkTango, 60% of job seekers are more likely to accept a job offer with robust mental health benefits. Returning to full-time in-office work is already a dealbreaker for some employees, Zapier has found. The results revealed that only about 38% of employees were confident they did.

Computer and mathematical occupations come in second, with 47.6% allowed to work remotely. It’s also unsurprising that many couldn’t make the necessary adjustments to provide their workforce with the best remote working conditions. Microsoft’s Remote Work Report revealed that in 2023, as many as 70% of Gen Z are considering earning additional income outside their current employer via a side project or business. According to the previously mentioned Buffer report, Gen Z is more likely to approve of pay being tied to a specific location. On the other hand, Millennials, Gen X, and Baby Boomers are less likely to approve of this. Furthermore, about 32% of Millenials and 35% of Gen Zs would leave their jobs without having another job waiting for them.

It is not just expensive housing markets that have declined in explanatory power—overall, the r-squared has fallen from 0.46 to 0.17. Housing costs, the share of housing that is used seasonally, and the share of commuters coming from outside the county– all statistically significant factors in explaining 2021 growth–have lost their predictive power. Only the relationship with the share of workers commuting is now insignificant in all county types; however, the significance of most of the variables has declined as well.

Of the nine listed benefits to WFH, “flexible scheduling” is the most popular reason to work remotely. This is the case in the US, the UK, Canada, and Australia, all of which received a 50% or larger share of respondent votes. According to Zapier’s Future of Work report from 2022, the next generation of workers will be completely remote. Therefore, businesses should weigh the pros and cons of implementing modern AI technologies in the workplace. The first trend that will most definitely shape the way people work in the future is the increase in the use of Artificial Intelligence (AI). In Microsoft’s 2022 report on hybrid work, 50% of leaders stated that their company already required, or planned to require, full-time in-person work in the upcoming year.

A survey conducted by Buffer revealed that a remarkable 91% of remote workers enjoy a superior work-life balance, which subsequently leads to enhanced productivity and greater job satisfaction. In this report, we will explore the key reasons behind increased productivity in remote workers and how organizations can leverage these insights to optimize their https://remotemode.net/blog/breaking-down-2021-2022-remote-work-statistics/ workforce for the future. With the increased flexibility of remote work, you would think that it would be a non-issue. 69% of remote employees are experiencing burnout, which is an alarming statistic, but an important one to learn from. [4]Working remotely does eliminate some sources of stress, such as commuting and a rigid/hectic work schedule.

In early March 2020, the World Health Organization and the U.S. government declared a health emergency. Businesses emptied out as former office dwellers traded in commutes and desk jobs for sweatpants and video conferencing. Gartner research shows that just 4% of US companies have started laying off employees, while 7% have frozen hiring and 15% have started to slow down hiring.

• When lockdown hit in March 2020, the numbers of remote workers changed overnight – mostly due to the impact of COVID-19.
• Tech industry employment saw a net gain of 12,700 workers, the 20th consecutive month of growth.
• The overall US unemployment rate dropped from 3.7% in November 2022 to 3.5% in December, according to BLS data.