As the workplace becomes more digital, many people find they can do their jobs remotely. A remote job is one where you aren't tied to a specific location, such as an office. Your hours are likely to be more flexible and could include less travel.
The growth in remote work is likely to see a boom in the next decade. As well as this, every country in the world seems to be increasing its demand (if not already) for online workers.
Is remote work here to stay, and are employees more productive?
Let's see what the remote work statistics and trends tell us.
20 Key Remote Jobs Statistics for IT Industry
- 16% of companies globally are fully-remote. (Owl Labs)
Although the number is still low, with more and more companies deciding to go the virtual route nowadays, it's clear that remote working is definitely on the rise. In fact, according to recent surveys conducted by Owl Labs, around 16% of global companies are 100% remote.
This same study found that about 62% of workers claim to work remotely at least occasionally, and many more say they'd be interested in doing it.
- There is a growing trend for remote work in the IT sector. (Statista)
According to a recent study, CIOs believe remote work is most businesses' future. In the survey conducted in late 2020, 15%-16% of CIOs stated that their workforce worked remotely before the pandemic. On the other hand, 34% expected the workforce to work remotely permanently by 2021. By June 2021, 42% of respondents expected to work in a hybrid model permanently.
- The IT industry has the second-highest remote workers (10%) after healthcare (15%). (Owl Labs)
The Owl Labs company recently surveyed 2021 full-time workers between the ages of 22 and 65 and found that the IT sector has the second-highest number of remote workers. Healthcare has the most number of remote workers. The IT industry has more potential to deliver remotely and seems likely to take over the top position in the upcoming years.
- Around 77% of employees choose remote work as the second-highest compensation and benefit. (FlexJobs)
A FlexJobs survey conducted between February 23, 2022, and March 7, 2022, showed that 77% of respondents chose remote work as the second-highest compensation and benefit that was important to them.
- Small companies are twice as likely to hire full-time remote workers. (Owl Labs)
According to the latest statistics, small businesses are much more likely than their larger counterparts to accommodate remote workers because it helps them to save money. Companies don't have to invest in office space, overhead costs, or equipment.
They can save a considerable amount of money on their expenses. In fact, according to another recent study, sales employers hired 66% more remote workers as opposed to being hired by all industries on average.
- 72% of technology companies have employees working outside of a company-owned office. (Velocity Global)
The remote workforce is increasing rapidly and working outside office. According to the Velocity Global Report, 72% of the tech companies have employees working remotely. This number increased from 65% in 2017 to 55% in 2016.
- 48% of organizations have invested in cloud-enabled tools and technologies to support their remote workforce. (Statista)
In a recent survey by Statista, 48 % of respondents state they use cloud-enabled tools and technologies supporting remote teams over those that aren't between 2020 and 2021. There was an emphasis on digital collaboration tools, underscoring the importance of technologies in empowering a virtual workforce.
- Employees are willing to consider pay-cut to get work from home. (FlexJobs)
Flexjobs conducted a survey revealing that the flexibility to work remotely at home is vital to 24% of workers. They are willing to take a price cut of 10-20%. Also, 21% would give up some vacation time to work from home.
- Workplace distractions cause a $ 600 Billion loss to businesses every year. (Globalworkplaceanalytics)
Research shows businesses lose $600 billion annually to workplace distractions, and remote workers are 35% more productive than their in-office counterparts. This stat shows that companies can boost their revenue by saving costs and pay more perks to remote workers in order to boost their productivity.
- 94% of employees have the same productivity working remotely or from home. (CNN)
According to a recent report, 94% of employers surveyed claim that company productivity has been the same or higher since their employees started working from home during the pandemic.
- 51% of employees report higher productivity working from home. (FlexJobs)
FlexJobs' recent survey of more than 2,100 people who sought to work remotely during the pandemic confirmed that a whopping 51% of such respondents said they were much more productive working from home. In contrast, an additional 95% declared productivity higher or the same.
Buffer results reveal that nearly all of their employees, 97.6%, want to work remotely, at least on some days of the week, for the rest of their careers. But 99% of them were even happier after having worked remotely before COVID. 19. 73% said working from home has been incredibly successful for the overall benefit the company has experienced.
- 70% of respondents think that remote work positively impacts their mental health. (FlexJobs)
For better or for worse, the work environment has an impact on mental and emotional health. Research suggests that 70% of respondents said a permanent remote job would significantly improve or positively impact their mental health.
- Remote workers are happier than onsite workers even after working long hours. (Owl Labs)
A survey report conducted by Owl labs suggests that hiring remote workers leads to happier employees who stay at their jobs longer. Remote workers are 22% more content overall than their onsite counterparts.
These remote workers reported improvements in three key areas: less stress, more focus, and a better work-life balance. They also worked over 40 hours a week, 43% more than those who never worked remotely.
- 37% of respondents would prefer to work remotely full time. (FlexJobs)
Creating modern workspaces has given employees more flexibility regarding what feels comfortable. With telecommuting and coworking becoming increasingly popular, the workplace is changing, and employees now have options on how we can work. So, while some miss their offices and their environment, 37% said they miss nothing about it, and 4% would rather go back to working exclusively in a traditional office setting full-time.
- Remote work is common in cities with higher average incomes. (LinkedIn)
Working remotely is predicated on an employee's access to technology like a central computer, internet, and the necessary equipment for meeting with coworkers.
Some organizations provide supplies like computers and IT infrastructure but expect employees to provide tech items like printers or projectors. In contrast, others will pay for such things to benefit employees. In any situation, it is important for employees and employers to consider what means are being made available to ensure that remote work is truly an option. Cities with higher income averages are likely to achieve remote work scenarios more quickly due to access to more resources.
- Companies can cut costs by allowing employees to work remotely. (FlexJobs)
Remote workers save money from not having to spend on lunch every day to not having to dry clean work clothes. FlexJobs estimates that people who work from home can save anywhere near $4,000 per year based on the cost of living in each state.
- Working remotely saves 9 billion hours of commute. (Appolotechnical)
Appolotechnical's survey concluded that many employees saved up to an hour on their daily commute by working remotely during the pandemic. This resulted in a combined workforce total of 62.4 million hours, meaning these employees were more productive and had more time. They could tend to hobbies or work out, start businesses, create viral TikTok videos, homeschool their children, or attend classes or consulting gigs to utilize the time saved.
- Remote work is enhancing global collaboration. (Buffer)
Global collaboration is on the rise. A recent survey showed that almost 73% of remote workers collaborate from different time zones during regular business hours. Furthermore, 74 percent of all respondents indicated that people on their immediate team are in multiple time zones.
- 25% of all working professionals in North America will work remotely. (Ladders)
In the next two years, more than 25% of all jobs in North America will be remote. This shows that transitioning from an office environment to working remotely is well underway. Businesses are acknowledging technological advancements and changes in how people want to work and addressing employee demands by offering more options for employees who value alternative work arrangements.
- 70% of the workforce will work remotely by 2025 (Forbes)
Remote working is becoming more and more prevalent. Forbes reported a survey predicting that over 2021, people working remote work will double. We can expect that 70% of workplaces will be geared towards remote working in the future in seven years.
The era of remote working has begun
Remote work became possible with the advancement in technology. Work that could be done from anywhere became a reality. The internet and several new tools made it possible to stay in touch with your team and boss even when you are not working in the same building. Technology embraced remote work and made it easy for employers to hire talent worldwide to collaborate without geographical boundaries or limitations.
Suppose you're a developer looking for a remote job. In that case, CodeMonk will help in that journey by providing opportunities for you, anywhere and at any time to build and improve your skills by allowing you to contribute or get paid for tasks.
Top comments (1)
Actually, it's very interesting. Specially the productivity and mental health ones.
But if you allow me to ask, were these studies conducted on developers, designers and PMs?
The reason we are asking, because most of these roles are performing their tasks with less interactions with others (Except the the PMs).
Overall, we admit that productivity and mental health has got better with remote work due to different factors.
But what we (In Devjour) really tell people about, is to journal their daily productivity points, levels and mental health moods.
Because this will enable then understanding them better and also to see the points where they can improve.