12 Amazing Remote Working Facts for 2020
Remote working in 2020
The ever increasing speed at which technology advances has helped make it possible for workers of almost all sectors to operate remotely, either full or part time. All that is required is a decent internet connection and a way to track work time. For most of the developed world these are not an difficult criteria to meet, and millions of employees all over the world now enjoy the flexibility and fringe benefits of working remotely.
But employees are not the only ones to benefit, employers are saving money, getting more work done and faster, and there is even an environmental upside which has never been more important than now.
If you still need convincing, we have scoured the web and collected together the interesting, beneficial and surprising remote working statistics for 2020. Read on to find out what they are…
The advent of digital technology makes it possible for business experts to work from anywhere in the world. All a remote worker needs to be successful is a WiFi connection, time tracking tools, productivity apps, and a mean set of skills.
Remote workers claim less sick days
Remote companies and those offering remote options have noted a huge decrease in the number of sick days being claimed. This could be due to the flexible time but also likely due to the reduced exposure to germs in shared office spaces and public transport.
Remote work is good for metal health
A study by the American Psychological Association found that workers who have control over their schedules more readily found the time to take care of themselves, ensuring they exercised and ate well resulting in an improved state of mind and better overall outlook.
Remote employers have a more diverse workforce
Due to the inherent nature of remote working allowing for employers to select from a global pool of potential employees, diversity amongst the workforce natural emerges. Furthermore, for those employers actively seeking employees who vary in race, abilities, location and gender – the task just got much easier.
Remote workers are less stressed
A study in 2019 by OWL labs found that even working just 1 day a month can result in a 24% increase in the likelihood of the employee feeling happier.
In another study by FlexJobs, it was found that 86% of people agreed that working remotely reduced their stress levels considerably. Reasons given ranged from improved diet and exercise to the enhanced freedom remote work offers.
Remote work promotes equality
Gender equality in the workplace has always been of concern, especially in the tech industry. In one study on the gender gap in tech, 76% of women stated that remote work options were necessary to correct the disparity.
Age equality is a problem that spans all sectors of employment, but recent studies found that remote options allow the older workforce who maintain their skills to find employment.
The remote work movement is great for the environment
Remote work has clear advantages for the environment and with it being such a critical topic as of late, its has never been more important to be aware of this benefit.
Less commuting results in improved air quality through a decrease in greenhouse gas emissions, reportedly by an amount equal to 600,000 cars.
Remote work is more popular than ever
A recent survey found that remote work is up 91% in the last 10 years with upwards of 4.3 million people (3.2% of the workforce) in the USA working from home half the time or more. Not only that but 40% more companies in the US now offer remote work opportunities when compared with 5 years ago.
Furthermore, 16% of all companies globally are now fully remote.
Remote employers enjoy higher employee retention
Supporting evidence that employees with remote working options are simply happier, research by Stanford University found that companies offering employees remote work positions enjoyed a 50% higher employee retention rate than those offering only traditional options.
In another study carried out by Owl Labs, it was concluded that companies offering remote options had a 25% lower employee turnover than those that did not. Although not as high as the Stanford University report it still amounts to a substantial adjustment.
The benefits of remote work for family and personal relationships
Remote work affords employees to spend more time with friends, loved ones and family. The knock on effect of this is that it allows those employees who are also primary caregivers to mould their work around their other responsibilities and not have to sacrifice one for the other.
Smaller companies lead the way for remote work
Owl Labs recently found that remote work opportunities were much more prevalent among smaller companies. This may well be due to the cost savings of operating remotely, but clearly this is no sacrifice and larger companies with more moving parts are perhaps just taking more time to adjust.
Remote workers have increased productivity
A 2 year study by Stanford University of 500 people working both remotely and traditionally, concluded that there was a marked increase in productivity amongst the remote workers. In fact, the increase was so notable that it amounted to an extra days worth of work each week.
In another study by Flexjobs that perhaps goes some way to explain why productivity amongst remote workers is so high, 75% of respondents reported that they were must less distracted working from home with 60% saying they activity worked remotely to avoid colleague distractions.
Despite the large number of remote employees now offering unlimited vacation time, Buffer reported in their 2019 year round up that 44% of remote workers take only 3 weeks off a year with another 15% taking less or none.
Reduced costs for remote workers and employers
According to reports, 2018 saw U.S companies offering part time staff remote work save around $5 billion. Remote companies enjoy reduced overhead costs (such as real estate and operating costs), in fact according to stats from PGI News, the average remote worker saves their employer $10,000 year on real estate savings alone.
The savings are not just enjoyed by remote companies however. A TECLA study found that employees themselves can save upwards of $7,000 year in costs ranging from transport and food to clothing and child care.
That is nearly $20,000 of savings per year in costs simply by working remotely.