The Rise of Remote Work: Useful Remote Work Statistics & Trends

Table of Contents: 

1. A Comprehensive Overview
2. Remote Work Statistics
3. The Rise of Remote Work
4. Working from Home vs Office: 63% of Professionals Call Working from Home the Most Important Aspect of their Job
5. 63% of Workers Work Remotely At least Occasionally
6. Employee Satisfaction: 22% happier Employees
7. Financial Impacts of Remote Work: Save up to $11,000 Per Year Per Employee
8. Environmental Impacts of Remote Work
9. Remote Working Trends and Preferences: 72% of Workers Want to Keep Working from the Luxury of their Homes
10. Hybrid Work Statistics: 83% of the Global Workforce Considers Hybrid an Ideal Model
11. Work from Anywhere Trends: 23% are willing to have a pay cut to continue working from home
12. 40% of Men and 43% of Women Prefer Working from Home
13. Remote Work Travel: Save 40 Minutes Per Day
14. Future of Remote Work: 22% Increase
15. Conclusion
16. FAQs

A Comprehensive Overview:

Our ever-evolving and revolutionizing world has transformed our workspaces as well. The traditional workspaces have undergone a massive paradigm shift. Over recent years, remote work has undergone significant transformation. This transformation is fueled by the developments in technology as well as the global shift brought about by Covid-19.

Remote work, once a perk for a select few hours, is now a prominent trend! As remote work continues to grow, it is important to dive deeper into the remote work statistics and trends that are shaping this concept.

Remote Work Statistics:

Do you remember how we had to stay inside our houses during the pandemic and maintain social distancing? Well, that was when people faced challenges to earning a living, and that was when remote work had the chance to shine. 

Although working from home was not a new concept, it had existed earlier, but it started growing post-pandemic. 

Let’s dig deeper into the remote working stats. These are going to help you understand how it has had its impact on various fields of life, including but not limited to personal and professional life. Furthermore, we are also going to look into the future of remote work.

The Rise of Remote Work: By 2025, 22% of the American Population will be working Remotely.

The statistics around remote work are truly fascinating. These show that there has been a rise in the number of remote workers around the world. These statistics also show that it is becoming more and more common in today's world. According to recent remote work statistics:

• Global Workplace Analytics has predicted that by 2021, around 25-30% of the workforce will be remote. 
• Upwork estimated that in 2021, 1 in 4 Americans were working remotely. That's a lot! 
• It has also been predicted that by 2025, 22% of Americans will be working remotely. 
• It's not just the US; a study by Owl Labs found that 16% of companies worldwide are fully remote.
• Flexjobs found that 56% of professionals know someone planning to work remotely.
• Gallup survey found that 8 in 10 people are working hybrid or remote.

Working from Home vs Office Statistics: 63% of Professionals Call Working from Home the Most Important Aspect of their Job

Remote work has some perks when it comes to productivity and work-life balance. Hear this out! Studies have shown that employees working from home are just as productive as the employees working from offices. 

• The Becker Friedman Institute for Economics conducted a survey with 10,000 employees, and guess what? The employees reported being just as productive, if not more when they were working from home. Isn't that amazing? 
• Furthermore, 30% of them said that they were even more productive and engaged when working from home.

Physically, being at the office full-time does not necessarily mean great results! 

• Around 63% of professionals say that working from home is the most important aspect of their job. 
• 61% think salary to be the most important aspect.
• 55% consider flexible schedules to be an important factor.
• 54% consider work-life balance.
• Surprisingly, 48% consider having a good boss to be an important aspect of their job.

63% of Workers Work Remotely At least Occasionally:

The percentage of employees working from home varies in every region and industry.

• More than 4.7 million people in the US are working from home at least half of the time.
• 44% of the companies in the US don’t allow working from home.

But if we look at a global scale:

• According to Owl Lab, 63% of workers aged 22 – 65 claim to have worked remotely, at least occasionally.

Employee Satisfaction: 22% happier Employees

A huge percentage of remote workers tend to be happier as they experience lower stress levels, better work-life balance with the benefit of working from anywhere, and increased job satisfaction.

• A survey by Owls Lab indicates that 22% of remote workers are happier than those working in traditional offices. 

Financial Impacts of Remote Work: Save up to $11,000 Per Year Per Employee

Remote work can be a game changer when it comes to saving costs. One of its biggest advantages is the reduction of overhead expenses, as companies no longer have to worry about providing office space, utilities, or even more supplies for their employees. Furthermore, employees don’t have to think of spending on travel and food expenses. 

Call it a win-win situation for both the employees and the employers.

• Since employers don’t have to worry about office space and supplies, they can save over $11,000 annually for a single employee.
• On the other hand, employees can save between $2,500 to $4,000 annually on expenses such as food, fuel, and parking.

Key Statistics & Trends 

Environmental Impacts of Remote Work: 

Working from home just a couple of days a week can reduce the traffic on roads. Let’s not forget that if more people are working at home, fewer cars run around, resulting in fewer carbon emissions and fewer greenhouse gasses going into the environment. 

It’s like a double-way benefit: less traffic and a greener planet!

Remote Working Trends and Preferences: 72% of Workers Want to Keep on Working from the Luxury of their Homes

As work-from-home trends are growing, it is important for companies to consider their employees' needs and form policies accordingly. Did you know:

• A survey by PwC found that 72% of workers want to continue working from home for at least two days a week, even when they know they can return to the office full-time.

Hybrid Work Statistics: 83% of the Global Workforce Considers Hybrid an Ideal Model.

Many companies consider going remote as the world moves towards a more digital setting. They are considering shifting to a more hybrid model if they cannot go fully remote. Hybrid models are a blend of remote and in-office work. Look at some hybrid work statistics: 

• A Survey by Slack shows that 72% of workers prefer the hybrid model, as it allows them the kind of social interaction they require.
• Plus, 83% of the global workforce considers hybrid work ideal. 
• 67% of hybrid workers feel more productive when working from home.

Work from Anywhere Trends: 23% are willing to have a pay cut to continue working from home.

One trend that has emerged in remote work is the ability to work from anywhere. It allows remote workers the flexibility to choose where they want to work from. It can be a café, a remote destination, a beach, or even their home. All that you need is a reliable internet connection and your laptop. According to recent remote working statistics,

• 92% of employers expect to work from home at least once a week.
• 83% want to work from home at least three days a week.
• And 23% are willing to have a 10% pay cut to continue working from home. 

40% of Men and 43% of Women Prefer Working from Home.

This transition has affected both men and women. Let’s look at a recent gender-specific survey; according to the statistics 

• 43% of women prefer working from home.,
• 40% of men prefer working from home.
• While 55% of the participants are more productive when working from home.

Remote Work Travel: Save 40 Minutes per Day

Another aspect people find intriguing about remote work is remote work travel. Remote work travel refers to the ability of workers to work from anywhere around the world. Recent remote work statistics show that:

• On average, remote workers save 40 minutes of daily travel.
• There is a 70% increase in video calls for meetings.

Future of Remote Work: 22% Increase

The remote working industry is expected to grow. 

• Upwork predicts a 22% increase in remote workers by 2025
• Global Workplace Analytics estimates that 56% of workers could work remotely. 
• The CEO of Facebook expects that by 2030, 50% of their workers will be remote.
• The remote workplace service market is expected to grow from $ 20.1 billion in 2021 to $ 58.5 billion by 2027.

Conclusion:

With evolving technologies, remote work is now a significant feature of the modern world. It offers a work-life balance, and employees report being more productive when working from home. As remote work continues to evolve, employers need to develop and adapt policies that meet the needs of their employees. 

Ready to harness the benefits of working from home? Grab your remote work essentials from Everki!  And get your travel backpack ready to embark on a fulfilling remote work journey!

FAQs: 

1. What percentage of employees are expected to work remotely by 2025?
2. Upwork says 22% of the employees will work remotely by 2025.
3. What is the impact of remote work on productivity and work-life balance?
4. Employees working from home are more productive and experience a better work-life balance. Studies show that they are even 22% happier.
5. Are there any financial and environmental benefits of remote work?
6. Remote work is a win-win for both employees and employers. Employers save up to $ 11,000 per year per employee, while employees can save $ 2000 – 4000 annually. Furthermore, working from home ensures less carbon footprint.
7. What is the future of remote work?
8. Remote work is expected to grow, with an increase of about 22% by 2025.