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In fact, 75% of remote workers have experienced an improvement in their work-life balance as a result of working remotely. Moreover, 94% of employees report that their employee productivity has remained the same or increased since they began working remotely. This demonstrates the potential for remote work to enhance worker productivity, benefiting both employees and the companies they work for. Yes, recent studies have found that remote workers can be up to 47% more productive than those who work in an office setting. This suggests that remote work can lead to higher productivity levels.
We want to provide businesses with all the resources they need to stay in the know when it comes to the trends and topics that impact them. Through hours of in-depth research and strict surveys, we’ve got our finger on the pulse of workers, managers, and decision makers, so you can run your business more efficiently. Coworking spaces can definitely be successful because they offer flexible, affordable workspaces for freelancers, startups, remote workers, and big companies. However, many spaces struggle with high rent and costs, making profitability a challenge. It is no secret that remote work trends are continuing in favor of distributed workforces.
Team building activities can serve as an engagement catalyst by creating shared experiences and mutual understanding. From competitive team games to quick and easy activities to start the day, these moments of collaboration and interaction can dramatically improve workplace engagement. Corporate retreats provide a unique opportunity to address these challenges head-on, fostering better understanding and cooperation among team members. An example of that is problem-solving activities implemented during retreats. These promote collaboration and teamwork, enhancing a healthy company culture. Team-building activities provide the perfect solution for this isolation, providing a much-needed dose of shared experiences.
How Flexible Are US Firms Today? New Flex Index Insights
These policies include guidelines on communication, performance expectations, and the use of technology. Additionally, benefits specific to remote workers, such as internet stipends, home office setup allowances, and wellness programs, are becoming more common. These measures ensure that remote employees are well-equipped and supported in their roles. Achieving a healthy work-life balance remains a priority for remote workers.
- 61% of businesses spend more than $10,000 per year on compliance and 100+ hours of people time.
- In 2021 and 2022, that number regularly went over 4 million each month.
- The survey collected information on respondents’ age, gender, location, employment status, type of work, education and individual income.
- In October 2020, at the very peak of the pandemic, only 36% of respondents said they chose not to work from their office.
- Another group of tools that saw a significant increase in use was storage and document-sharing tools — about 10%.
- Let’s look at the main challenges in remote work and how they affect productivity and team work.
The end of 2024 is still a long way away, and the job market is constantly changing. It remains to be seen if businesses will follow through on their RTO plans, especially when taking into account the recent backlash against major employers who have forced employees back to office. Companies will offer it as an attractive perk for prospective employees seeking work-life balance and flexibility while existing employees will benefit from increased autonomy. As the world of work continues to evolve, Kumospace is dedicated to supporting companies and employees in navigating these changes.
- The future of remote work in 2025 is all about adaptability, technology, and employee-driven flexibility.
- Remote work can have a unique appeal for employees who experience workplace discrimination.
- Product designers, engaged in creative and design processes, use digital tools to collaborate and design from any location.
- Software engineers continued their dominance in the remote work sphere, as their work is inherently aligned with digital and online modalities.
#2: Remote work is a preference
Some high-end locations for coworking spaces come with expensive memberships, making them available only to certain groups. This has raised concerns about coworking spaces contributing to gentrification, as they often replace traditional offices and cater to wealthier professionals. Expanding hiring practices beyond your locality can introduce new compliance challenges.
As the remote work stats 2024 Pew Research Center reported, employees who are highly educated and earn higher salaries are the most likely to say that their work can be done from home. This is a massive decline, though, compared to one year ago when 66% of respondents said they would begin looking for a new job that better supports their priorities and another 33% would quit. In 2023, the year that was dubbed “the year of returning into offices,” Owl Labs found that, while the corporate mandates have changed, people’s desire to work remotely (at least to some degree) hasn’t. In January 2022, when the majority of offices were reopening, 61% of respondents said the same. Work-from-home productivity stats show that being able to work remotely improves employee happiness by 20%. Did you know over 35 million digital nomads roamed around the world in 2022?
Employers can save an estimated $11,000 per employee per year by adopting remote work arrangements, primarily due to reduced office space costs. On the other hand, employees can save between $2,500 and $4,000 annually thanks to decreased commuting and office-related expenses. Financial considerations also play a significant role in shaping attitudes towards remote work.
Remote workers say that flexible hours are the top benefits of working remotely
The SaaS industry is expected to reach $190.10 billion in revenue in 2024, with an average spend per US employee of $1100. Between 2024 and 2029, SaaS industry revenue will show an annual growth rate of 18.92%, reaching a value of $452.10 billion by 2029. Bureau of Labor Statistics, there are an abundance of teleworkers in professional and business services (67.4%), educational services (49%), and wholesale trade (39%). This also highlights the fact that remote work is more prevalent in certain industries as it is better suited. With it being such a talking point, we’ve rounded up the 2024 remote work statistics, revealing the current state of play. I doubt it’ll be that extreme, but I do think remote work is here to stay.
The policy and economic implications of persistent WFH
In Scotland, Edinburgh (46) and Glasgow (39) have growing coworking communities, while Cardiff (33) and Belfast (27) represent key hubs in Wales and Northern Ireland. In Ireland, Dublin dominates the coworking market with 120 spaces, accounting for more than half of the country’s total of 236 spaces. Other studies estimate the market will be worth $51.42 billion in 2029 and $40.47 billion by 2030 (growing at 15.7% per year). These numbers show that coworking spaces are not just a trend — they are here to stay and will play a key role in the future of work.
Colorado has the most remote workers, with 37.34% of its workforce working from home4. Mississippi has the least, with only 11.93% working from home at least one day a week4. They also break down geographical boundaries, creating greater diversity and inclusion. Those working remotely also save money, with hybrid workers spending $15 a day compared to in-office workers spending $51 a day. Those in the office had to cover commuting, parking, coffee, food, and even daily pet care costs. Statista’s 2023 statistics reveal that the agencies and consulting industry is second with 50.6%, followed by the finance and insurance industry with 48.7%.
Statistics prove that remote work are here „for good“
Today, Quantum Workplace reveals that 41% of employees prefer hybrid work, while 32% prefer the fully remote model. 2020 forced entire industries to unexpectedly embrace remote work with minimal notice and preparation time. However, as the world returned somewhat to normal, hybrid work models were introduced, with employees splitting their time between in-office and remote work. Working from home is no longer something a few privileged people do. Having an all-in-one internal communication and collaboration platform would solve a lot of problems for many remote and hybrid workers, it seems. Since remote and hybrid work became more predominant, thoughts of productivity have preoccupied employers and employees.
A 2022 Ifop study for Fondation Jean-Jaurès shows that most employees in France prefer to work from the office, with only 29% expressing a desire to work from home at least once a week. A 2022 survey from Microstartups showed the Netherlands as the country with the highest percentage of remote workers at 13.7%. The Dutch boast a high happiness index and many Wi-Fi hotspots, allowing them to work from home (or anywhere, really) without difficulty. Namely, 40% of women say they are more productive in a remote work environment, while 35% of men feel the same. When it comes to equity in the workplace, the concerns of remote workers are more palpable.
Continued Momentum for the 4-Day Work Week
Schedule a demo with our team to learn more about optimizing your recruitment strategy. As for why the perk is considered so valuable, 35% of respondents noted that it allows for a more flexible schedule. Another 20% stated that remote work enhances productivity, with another 13% pointing out that it allows workers to choose where they work. The number of companies that are making roles redundant because of AI is on the rise, though. In 2024, 14% of business owners state that AI has extensively removed the need for certain job roles.
Okay, so it seems like companies are starting to get serious about the security aspect of remote work. Well, they’re investing in more robust security software, implementing things like multiffactor authentication, and making sure employees are trained on how to spot fishing scams. I imagine it can be tough to connect with co-workers when you’re not seeing them every day.