How The Pandemic Has Affected Philadelphia’s Economy And Jobs

The modern workplace comes with a lot of distractions, both in the office and at home. It’s no wonder that of 2,000 workers in the UK, less than one-third felt productive over the course of an entire day. Much of the time was spent surfing social media and news websites, making food and drink, and chatting with colleagues.

Shifting an entire organization’s workflow into remote work has been a huge challenge for many this past year, though most companies have handled it well. In a survey of HR and engineering leaders conducted by Terminal, only 37% of respondents said that they lack a centralized way to manage their projects and remote worker teams. Not only is this great for employees and managers due to saved time and increased remote work statistics productivity, but it also leads to an overall reduction in greenhouse gas emissions that workers produce. By combining their remote work statistics, Global Workplace Analytics has put together an estimate of how much money an average business can save by switching to remote work long term. The savings are significant, as the estimate is that businesses can save $1,400,000 per 100 employees per year.

How To Hire A Freelance Software Developer?

The next most popular benefits are a “personalized workspace” (49%), “more time for hobbies” (47%), “bringing whole self to work” (36%), and “working with pet by my side (28%). Over half of all businesses surveyed are also increasing expenditure on collaboration tools (57%) and remote desktop tools (52%). Economic concerns, particularly over rising consumer prices, were also clearly on the rise.

  • These technologies can be used to track productivity and monitor employee engagement and well-being to better understand employee experience.
  • The least appropriate industries for remote working according to the model are construction (20%), accommodation and food services (9%), and agriculture (7%).
  • A popular project management software whose integrations with over 3,000 applications is one of the best in its class.
  • Along with this breakdown, the SWAA further asked, for those who preferred hybrid arrangements, the number of days people would like to work from home.
  • Across the board, organizations are largely reporting increased productivity due to remote work.

From skipping lunch out to not having to dry clean work clothes, remote workers save money. FlexJobs estimates that people who work from home save, on average, $4,000 a year. During the coronavirus pandemic, the work landscape changed dramatically and permanently. Here’s a by-the-numbers look at the impact of remote work for workers, employers, and more. Time tracking and reporting are a feature offered by project management platforms that help you maintain transparency and keep your tasks in line with your timeline and budget. Improved accountability and better prioritizing and organizing are other benefits of using time tracking and reports. Thus you will be able to apply your specific working hour scheme and facilitate its uptake.

Struggles With Working Remotely 2020

For this reason, remote workers have more time to spend with their loved ones, on their hobbies, or simply relaxing, which is seen as the biggest perk of telecommuting. 4% of respondents claim that half of their company’s employees will remain remote permanently. And 2% of respondents say over half of their organization’s workers will continue to work remotely. A 2021 survey conducted across multiple countries including the US and the UK found 52% of respondents deemed “increased productivity” to be the biggest benefit to remote work. A long-term shift toward remote work could have far-reaching societal implications, some good, some bad.

This will help employees implement these measures in their home offices for an extra layer of protection. Today, organizations have shifted their focus from replacing the workforce to shaping them by acquiring new skill sets from a diverse skills market. Moving forward, the remote workforce will continue to rely on online tools to maintain smooth business workflows. This means you’ll need to ensure that new hires maintain the same remote work practices as others.

How Much Money Can Businesses Save By Switching To Remote Work Long Term?

Most studies find that remote work overall results in a decrease in energy use due to less time spend on energy-intensive personal transportation. Remote work has also helped in the reduction of electricity usage as facilities like air conditioners, WiFi, canteens, etc. are not required by companies. Certain employee expenses, such as office expenses, can be shifted to the remote worker, although this is the subject of lawsuits. Remote workers typically save money on commuting, eating out, and clothing. Pinterest is another leading employer-focused on taking care of the caregivers in its workforce.

Breaking Down 2021-2022 Remote Work Statistics

As a result, generalists are replaced easily and, even when hired, are paid less. And because 86% of employees feel that remote work alleviates stress , they will be more receptive to a strategy that grants them more freedom and development.

Remote: The Future Of Work

The rise of remote work, in what some labor experts are calling “the largest change in American working and living conditions since World War II,” is set to accelerate and become a more permanent fixture as of 2022, industry observers say. EY exists to build a better working world, helping create long-term value for clients, people and society and build trust in the capital markets. Discover how EY insights and services are helping to reframe the future of your industry. The World Health Organization and the International Labour Organization have called for measures to be put in place to protect workers’ health while teleworking. From job search strategies to networking and interview tips, our coaches and tools are here to help.

  • Philadelphia is experiencing lingering job losses, particularly in the low-wage sectors, with Black workers and female workers hit the hardest.
  • Combining this information and the right intranet platform will help your organization better support and manage teams into the future.
  • As there are fewer opportunities for teams to physically interact, it’s a prime consideration for companies to recreate a digital version of a water cooler to facilitate discussion, bonding, and collaboration.
  • Setting up the right digital workspace can provide you with a platform with which you can begin to connect with and collect feedback from employees.
  • More than half of remote workers feel they are working longer and taking less breaks.

Similarly, remote workers have the responsibility to use their equipment and resources to carry out their responsibilities. This increase in responsibility for their work also increases their power, supporting the idea that remote work is a privilege and in some companies, considered a promotion. Meanwhile, a significantly higher proportion of employees said they sought mental health care over the past year. And more employees surveyed this year signaled their awareness of available employer-provided mental health benefits and resources. Mental health-related stigma has long been a barrier to seeking needed care, but more openness and support for mental health at work seems to be helping to change the tide. As the survey data shows, more employees in 2021 spoke up about their mental health at work, and their self-reported comfort level doing this soared.

Is Remote Work Working Out?

When the pandemic began in March 2020, the work landscape changed dramatically and permanently. So too has the perception of remote work, as the benefits for employers and employees alike have come to light. The opportunity for professional improvement can be a great stimulus for employees and boost their engagement and performance. Open and honest discussions with your team members help you identify their goals and expectations so you know what you should invest in. For example, you can provide virtual learning resources and tools to enhance your employees’ growth. This may include online learning platforms, regular virtual company training, and webinars. Also, you can build a remote mentorship program to boost your employees’ progress.

Breaking Down 2021-2022 Remote Work Statistics

As the economy emerges from the height of the COVID-19 pandemic, many companies are struggling to bring shift workers back to work. A recent Korn Ferry study shows how today’s employers need to be creative — or risk being left behind. Remote work can also distance people from each other and require important conversations to be held via chat and email. An isolation from daily activities arise of the company and may be less aware of other things going on to the company and a possible hatred from other employees arises from other employees who are not remote workers. Social information processing suggests that individuals give meaning to job characteristics. Individuals have the ability to construct their own perception of the environment by interpreting social cues. This social information comes from overt statements from coworkers, cognitive evaluations of the job or task dimensions, and previous behaviors.

Additional Resources

In February 2021, around half of Americans (51%) said they expected that new variants would lead to a major setback in efforts to contain the disease. But the ferocity of the delta and omicron surges still seemed to take the public aback, particularly when governments began to reimpose restrictions on daily life. The Biden administration’s early moves on the economy also drew notable public support. Amid the wave of government spending, the U.S. economy grew in 2021 at its fastest annual rate since 1984. In February 2021, 56% of Americans said they expected the new administration’s plans and policies to improve the coronavirus situation. By last March, 65% of U.S. adults said they were very or somewhat confident in Biden to handle the public health impact of the coronavirus. By 2023, the global freelance market economy is likely to reach $455 bn USD.

The need for social distancing due to COVID-19 may have unprecedented amounts of people out of the office. Remote work is becoming a standard part of daily life for an ever-increasing portion of the population around the world. It’s been a developing trend for years, or even decades now, but the COVID-19 pandemic has put the process into overdrive.

Since the spring of 2020, remote work has been steadily decreasing, with September 2021 seeing 25% of the U.S. workforce working remotely full time, while an additional 20% work partially from home. Remote work is becoming more and more common, and it has been for a long time. There was an explosive growth in remote work even before the COVID-19 pandemic forced great numbers of people into working from home in 2020. To use individual functions (e.g., mark statistics as favourites, set statistic alerts) please log in with your personal account.

The use of time tracking software is a step toward across-the-board implementation in this case. However, keep in mind that this step may lower employee morale, with 43% of remote workers saying this may cause them to leave their company . As such, alternative methods may need to be explored in the coming months or years. This rising demand for work flexibility will affect the entire company’s HR department and the whole company itself.

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