Remote Work: The Direction of the Labor Market

Nicole Higginbotham-Hogue

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In 2020, the world shook, and employers were forced to find a new way for their employees to work. This led to a high number of people working from home. In fact, according to Apollo Technical “4.7 million people worked remotely at least part-time”. This transition led to a revolution.

When people began to work from home, they realized that they were happier. They had more time to spend with their families, which decreased stressed and helped with the work-life balance. They were able to work around their other responsibilities more diligently, and they were even more productive. The Chicago Booth Review stated that “6 out of 10 workers were more productive than they thought they would be [working from home]”.

Not only did this transition create a happier workplace, which added to employee morale and possible company savings on mental health services, but it also saved the companies that employed this technique money in other ways. Sync HR estimated that an employer would save about $11,000 per employee if they pursued remote work instead of in-office work. This metric is based on the fact that the business would no longer have to worry about paying for office space, and the employees would be happier, which in turn would lead to a higher retention level.

So, now that the facts are in, what is holding companies back from making this their primary method of employment? Maybe, they are worried, because it is different than what they are used to. Maybe, it is the fear of changing with the times. Either way, the data shows that workers are happier when they are allowed to work from home. They have a better chance of engaging with their families and having a personal life this way, and they are more productive. It also shows that employers save a lot of money by using this technique. When you look at that data, it seems clear. We need to start moving towards a remote work model and out of the office. Maybe if we did that, we would all get along just a little bit better.

Sources

Sheffield, Liz. “Cost of Remote Workforce versus in-House Employees.” SyncHR, www.synchr.com/resources/cost-of-remote-workforce-versus-in-house-employees#:~:text=3%20key%20cost%20metrics%20to,between%20%242%2C500%20%2D%20%244%2C000%20a%20year.

“Statistics on Remote Workers That Will Surprise You (2021).” Apollo Technical, 31 Aug. 2021, www.apollotechnical.com/statistics-on-remote-workers/.

Stropoli, Rebecca. “Are We Really More Productive Working from Home?” Chicago Booth Review, 18 Aug. 2021, https://review.chicagobooth.edu/economics/2021/article/are-we-really-more-productive-working-home#:~:text=In%20an%20analysis%20of%20the,percent%20higher%20than%20they%20expected.

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Nicole Higginbotham-Hogue writes lifestyle articles.

Omaha, NE
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