The New York Times. The Wall Street Journal. Forbes. Across every industry the hot topic for the future of business seems to be remote work.
What was once considered a perk for Silicon Valley tech companies is quickly becoming a mainstream employee benefit. And with more people being allowed the opportunity to work from home, it’s also quickly becoming a perk that many jobseekers won’t agree to work without.
How many people work remotely globally?
According to studies from IWG, 70% of global professionals work remotely at least once a week, with 53% working remotely more than once a week.
The current state of remote work is different depending on who you ask. Companies often offer different WFH options to their employees resulting in everything from teams with a single remote worker to entire remote teams.
Remote work statistics
In an effort to show the impact remote work has had on the way we do work, we’ve put together a list of some of our favorite remote work statistics. These stats cover everything from how employees feel about remote work to how your company can benefit from a remote work policy.
Remote work demographics
We’ve talked about how many people in the US work remotely, but what about globally? Who are these digital nomads and what motivates them to work away from the office?
68% of millennials say they expect the option to work remotely to be included in a compensation package when considering a new opportunity. (WBUR, 2018)
41% of global businesses surveyed say they already offer some degree of remote working, while 60% provide flextime opportunities. (Flexjobs, 2020
Studies predict that 73% of all teams will have remote workers by 2028. (Upwork, 2020)
73% of employees say they would willing take a 20% cut in pay if it meant they could work remotely full-time. (Virtual Vocations, 2019)
64% of recruiters say being able to pitch a work from home policy helps them recruit top talent. (IWG, 2018)
Remote work challenges
It’s not all sunshine and roses. As with any company policy, there are a few downsides to full-time remote work. These stats show the most common pitfalls of a remote work policy.
Remote workers are 16% less likely to agree that their manager involves them in setting goals at work. (Gallup, 2019)
22% of managers who supervise remote employees say they have trouble getting their teams to collaborate with each other. (SoapBoxHQ, 2019)
Remote workers are 35% less likely to agree that their coworkers provide them with meaningful feedback. (Gallup, 2019)
The three biggest problems facing remote employees are unplugging after work (22%), experiencing loneliness (19%), and communication issues (17%). (Buffer, 2019)
Only 23% of remote employees say their employer covers the cost of a monthly coworking space. (Buffer, 2019)
Read this: Do you recognize some of these remote work challenges? Discover the best ways to conquer common remote work challenges.
Is it worth it? Let me work it
You don’t have to be an enterprise-level company to have a remote work policy. What you need is trust in your employees, open communication, and a willingness to try! Anyone can allow their employees to work remotely and there’s a good chance they’ll thank you for it.
Interested in learning more about remote work and building a distributed team? Check out other resources like this one in our WFH Hub.
Lauren Pope is a Content Marketing Manager at Oracle and a former content marketer at G2. You can find her work featured on CNBC, Yahoo! Finance, the G2 Learning Hub, and other sites. In her free time, Lauren enjoys watching true crime shows and singing karaoke. (she/her/hers)