It’s been just under a year since Covid-19 came about, which means that – you guessed it – there are more of us working out of the office than ever before. But what do you actually know about remote work?
Business leaders are slowly coming to grips with the idea that remote work isn’t just a temporary phase, it is here to stay.
So, whether you’re looking to work from home full-time or just want to find out a little more about the remote work lifestyle, we’ve compiled some shocking (and a few not so shocking) statistics about work from home. You might be surprised by some of them!
The Covid Effect
As expected, Covid-19 has had a huge impact on the way we work.
- 88% of global organizations offered remote work options to employees during the pandemic to limit the spread of the virus.
- 78% of over 600 CEOs agreed that remote work is here to stay for the long-term.
- It is estimated that there will be a staggering 87% increase in the number of people working from home compared to prior to the pandemic.
Nowadays, employee satisfaction is everything. Companies with happier employees have been found to have less turnover, are more likely to out perform competition, and be more profitable.
So, how does remote work fit into all of this?
- Employees who can work from home say they're happy in their current job 29% more than office workers.
- Remote workers say they are likely to stay in their current job in the next 5 years – 13% more than office workers.
- Remote workers reported having:
o Better work-life balance (91%)
o Increased productivity/better focus (79%)
o Less stress (78%)
o Avoiding a commute (78%)
The Other Side of Remote Work
But while there are many benefits to work-from-home, it’s not all rainbows and sunshine.
- A study by a private think tank estimated that remote work will cost businesses in Japan more than 1.3 trillion yen ($12.1 billion) a year.
- 22% of employees working from home reported struggling with unplugging from work and communication issues.
- 20% of remote workers find it difficult to cope with loneliness, which has only worsened over the last few months due to lockdowns and social distancing measures.
In order to maximize the benefits of working from home, it is crucial that employers implement policies to support their employees such as offering mental health perks.
Plus, if working from home does get too lonely or difficult for some reason of another, companies can consider using the BOOQED app to help workers find a temporary workspace near their current location.
What This Means for Your Company
- Companies that offer an option for remote work have a lower employee turnover rate (25%).
- 81% of employees at companies that offer remote work would recommend their company to others.
- 27% of workers are willing to take a 10% to 20% pay cut to work remotely.
It’s clear that employees prefer and appreciate having the option to work from home, and if done correctly, can benefit your company too!
To learn more about remote work, check out some of our blog posts on...
- Worth It? The REAL Costs (and Benefits) of Remote Working
- 10 Benefits Of Working From Home That Will Help You See How Good It Is