World 2.0 belongs to remote

The truth comes out. #NewYorkerCartoons. newyorkermag

The New Normal

  • Work from anywhere — co-working spaces, cafes, etc.
  • Work from home: office in your house
  • Work in a traditional office setup
  • Working in a pandemic — No social life, no vacation, no sports, little interactions 😭

The Benefits

Benefits for employers

  1. Job satisfaction: As remote workers tend to be more satisfied from their jobs and likely to stay in their current job for the next five years 13% more than their on-site colleagues (Owl Labs), employers end up saving a lot of money and resources that goes in the hiring process and finding the best-suited candidate for the job.
  2. Sense of belonging: Not only are remote workers more engaged than office workers by putting in longer hours, they also develop a stronger sense of belonging than their on-site counterparts. As per the latest Gallup State of the American Workplace report, it was found that regardless of the fact that remote workers often communicate with their teams only over the internet, they feel like their opinions matter and their work receives its due acknowledgment.
  3. Work-life balance: Further, the flexibility of remote working (be it work from home or any other place) allows the majority of workers to take only 2–3 weeks of vacation per year since they have more control over their schedules and therefore, do not require as much time off as their office-going counterparts.

Benefits for employees

  1. The comfort of home: Working from the comforts of your own home and the option of switching from your workstation to bed to your balcony or whatever is your favorite corner can be particularly appealing in terms of relaxation and breaking the monotony of staying at one spot for multiple hours.
  2. Not having to commute: Saving time and money and all the hassles of driving and public transport, sure, why not? Time spent in traffic will look as bizarre as sending letters to communicate in 2021. It just adds to human inefficiency.
  3. Being with Family: Ability to spend time more time with family and be near your loved ones.
  4. Global jobs: Working with people across the globe on opportunities that excite you.

Benefits for the environment

  • Reduction in greenhouse gases: 3 million tons of greenhouse gases can be avoided because of fewer trips
  • Reduction in traffic accidents: Up to $500 million can be saved
  • Reduction in oil usage: Up to $1 billion can be saved
  • Reduction in air pollution: Up to 83 million pounds can be avoided
  • Reduction in Carbon emissions: Equivalent to planting 92 million trees!

Impact on Productivity

Remote workers are less distracted

Remote workers work more

Remote workers are efficient

Impact on Income

  • Remote workers earn more: The Owllabs report found the fraction of remote workers earning salaries higher than $100,000 per year in the US to be roughly 2.2 times than that of on-site workers.
  • Remote workers save more: In the report by FlexJobs and Global Workplace Analytics, it was found that remote workers save more, around $4,000 a year, other reports suggest even higher savings
  • Experience pays: As per this And Co report, 7% of workers who’ve been remote for under a year earn over 100k, this number jumps to 18% for those who’ve worked remotely for 7 years or more

Globalization

More competition, the better

Competition is not just with talent

On the countryside

What are the challenges?

  1. 42% of respondents said that loneliness was one of the biggest struggles to working remotely. Lack of community challenges their happiness and new comers are more likely to experience isolation.
  2. Roughly 37% of respondents find it difficult to unplug themselves at the end of the day. Having flexible work hours implies that you can allocate a lot more time to your work than in office and end up being overworked, eventually leading to burnout.
  3. Collaborating over Slack and Zoom calls can definitely get the work done but the human connection that workers get to build in an office takes a toll as they start feeling isolated. In fact, 42% of our respondents said that collaboration and communication was one of their biggest struggles.
  4. Distractions at home emerged as the biggest struggle to working remotely as many people face more distractions at home than they would at the workplace (especially workers with families and kids).
  5. Roughly 28% of respondents said that finding a reliable internet connection is difficult for them.
  6. Our survey found out that most workers are employed by foreign companies, which brings its own set of challenges, read ‘Time Zones’. However, thanks to the weird sleeping patterns of Indians (see above), only 11% of our respondents said that they struggled with different time zones.

How can I tackle them?

Productivity Tools

The Role of HR

Third Space

Other highlights of our survey

  • Most of our respondents were happy working remotely, with more than 68% of them saying that they would recommend working remotely.
  • Almost 43% of the respondents said they were happy with the amount of time they spend working remotely and around 34% of them expressed that they would like to work remotely more often.
  • Around 55% of the respondents spend more than 75% of their work time working remotely and almost 20% of respondents said that they allocate 50–75% of their time to remote work.
  • When asked about the organization structure of their employers, 44% of them said that they are fully remote, 44% said that they are partially remote and partially on-site. Only 12% of respondents said that they operate mostly on-site.

Summary: The Long and Short of Things

A word for remote workers

A word for remote employers

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Ayush Jaiswal

Ayush Jaiswal

I love solving hard problems. Democratizing opportunities for developers at pesto.tech