There are many benefits to working and learning remotely. Many we know, but some are quite unexpected. The obvious things like that remote work can be kinder to the environment, can save you and the business money and leads to greater productivity.
But let’s change the script and look at what is surprising about remote work. Are you ready, ok – let’s go!
We’ve visited the topic recently, in another post about long-term remote working. This time, I want to focus on stats about remote work that are interesting and curious.
We’ve pulled our data from the 2017 State of Telecommuting in the U.S. Employee Workforce. which offers independent research and services to help organisations and communities navigate flexibility and emerging workplace issues.
Read on for 7 Bizarre and Interesting Facts About Remote Work.
1. The average remote worker age is mid-40s
There’s a misconception that the champions of remote work are avocado munching, flat white sipping millennials who are driving demands for work flexibility and remote jobs. Quite the opposite in fact. American data shows us that, “half of all remote workers are 45 years of age or older”, compared to just 41% of the overall workforce. This makes practical sense! People in their mid-40s upwards, generally have caregiving commitments such as childcare or older relatives. Therefore, remote work a high priority for this qualified and experienced group.
2. Remote workers tend to be well educated
The Global Workforce Analytics report shows that, on average, remote workers are more highly educated. About 53% of them have at least an undergraduate degree. Equally, with the emergence of boot camps and vocational-technical training models, employers are looking for staff with job-ready skills such as a proficiency in Python, CSS, Java and with the ability to undertake further technical training remotely.
3. Retain top talent with remote work
Hiring technical staff is expensive, you also want to retain good employees and expand and enhance their knowledge base. The key advantage of remote work is that it enables you to retain people who decide to relocate for personal reasons. In Code Institute, we have retained valuable employees who have relocated to Brazil, Utah and South Korea, as they decided to follow their partners who decided to relocate for visas and/or job opportunities. Relocating these high-performing technical employees was much less expensive than hiring and training replacements.
4. Remote work enables a more diverse workforce
A willingness to hire from anywhere, gives companies access to a more diverse talent pool. Companies can hire people from an array of backgrounds, locations and with a broad spectrum of abilities and aptitudes. At Code Institute we have over 40 mentors in 3 different time zones, some with mobility issues, others care for dependents and some have neurodiverse backgrounds. Combined they give us a massive competitive advantage. These highly skilled individuals that add breadth and new ways of thinking to our teams.
5. Productivity is higher for remote worker
Productivity is usually the key stumbling block for employers. However, study after study shows that most people are more productive working from home. It certainly requires discipline and practice but as our Guide to Managing Remote Teams shows building good frameworks keeps both employees and employers happy and productivity on track or ahead of schedule.
6. High earnings potential for remote work
Likewise, working from home does not mean, you need to earn less. It’s quite the opposite. On average the annual income for most remote workers is $4,000 more than traditional office-based workers. In the US the average annual salary for remote work is $48k and in specific fields like software development it’s between $70k and $100k per annum.
7. Culture of remote work is here to stay
The recent pandemic led to a global remote work phenomena. Everyone from tech giants like twitter, google, facebook and hubspot to local businesses are requesting that all staff work from home. Adding weight to this national governments across Europe mandated that all employees work from home where possible in an effort to curb the spread of the virus.
Schedule a call to find out how Code Institute can help your organisation build the coding and software development skills to work remotely.