Remote Work Trends 2021

Since the outbreak of COVID-19, most companies have had no choice but to embrace remote work at least in some capacity in order to survive.

In this blog piece, we take a look at key statistics and trends shaping the world of remote work. 

Key Remote Work Statistics in 2021

  • 16% of companies in the world are 100% remote
  • 44% of companies don’t allow remote work
  • Better work-life balance is the main reason why people choose to work remotely
  • 77% of remote workers say they’re more productive when working from home
  • The average annual income of remote workers is $4,000 higher than that of other workers
  • 85% of managers believe that having teams with remote workers will become the new norm
  • 74% of workers say that having the option to work remotely would make them less likely to leave a company
  • The three biggest challenges associated with remote work are unplugging after work (22%), loneliness (19%), and communication / collaboration (17%)


The financial benefits of remote work


Did you know that remote workers make 8.3% more than non-remote workers? 


When comparing remote workers with the same job title and qualification as non-remote workers, PayScale found that the salary of remote workers were on average 8.3% more than their non-remote worker counterparts. 


In addition, it was estimated that the average person spends between $2000 to $5000 per year commuting to work. By working from home travel costs can be almost entirely cut out. 


From the standpoint of an employer, did you know that according to a study conducted by Owl Labs almost 50% of employees were willing to take a pay cut of 5% or more to work from home! Of course, this is not to suggest paying your employees less, but rather to encourage you to open your company up to a wider pool of talent at a slightly lower cost. 



44% of companies globally don’t allow remote work! 


According to Owl Labs, 44% of companies do not allow remote work. This statistic was shocking and could be attributed to a number of reasons. It was found that companies might have concerns about communication and productivity. 


These concerns can be invalidated as research shows employees are just as productive, if not more, working remotely. 


In addition, the percentage of remote workers also varies based on geography. In Asia, 9% of companies allow employees to work from home. In Africa and Australia, remote and hybrid work structures are much more common with 59% and 65% respectively. 


Are some industries more suited to remote work than others? 


When looking at the prevalence of remote work the finance, management, professional services, and information sectors are the most dominant. The finance and insurance jobs have shown the highest potential for remote work with three-quarters of their activities can be done remotely without any loss to productivity, according to a study carried out by McKinsey in 2020. 


What about job satisfaction?  


Remote work has now become a key part of job satisfaction. Those given the opportunity to work remotely have recorded a higher rate of job satisfaction. A majority of 82% of employees have stated their preference to work remotely one day a week or more even after the COVID-19 pandemic passes. 


Finally “work from home” queries on Google US, went up by 309% in March 2020 vs. 2019! 


 



Ready to get started?

Sign up for your free demo today!

More from RemotePass

People are talking

Hear what teams love about using RemotePass.

RemotePass has been so efficient for us as we have at least 60% of our team being remote. Especially for tracking if everyone has been paid out or if they have reimbursements, we don't have to manually do it one by one anymore. It's also really good since we are in compliance with each and every single one of our remote teams' place of residence.

Lorena A, HR
@NasDaily

RemotePass has enabled Swvl to be more flexible, allowing us to hire the best talent in Remote locations. RemotePass has been a great partner and fast tracking Swvl's growth plans in multiple countries. Special shout out to the support team for the exemplary service.

Faizan M, Global HR
@SWVL

Brilliant service. We love and we'd be using it for the years to come. Also great customer success management as well!

Badr A.  CEO
@Soum

We love the entire system you guys have built, it's user-friendly and in particular we love the automated notifications part. Employees are automatically informed about the payment status and they receive the payment in a couple of hours after they get notified vs. manually asking us. Thanks for your ongoing support

Muhammed, CFO
@ShortPoint

The experience with Remote pass and the assistance you have provided with my recent transaction is amazing. I really liked the follow-up nudge and provide me details is super cool. Thanks for your help

Tarun V.
@NasEducation

Using RemotePass has been an absolute game-changer for our operations - knowing that we have a reliable partner on our side even in complex regions efficiently (this has previously been a big headache for us), allows our teams to focus exclusively on client service and product delivery

Nina, Associate VP
@Infomineo

We were looking for a simple and affordable product and RemotePass more than delivered. RemotePass helped us streamline and manage our remote teams. RemotePass understood us as a company and provided us the support and confidence that we are compliant with regulations, our remote teams have excellent support, and that we made the right choice

Preeta, HR Business Partner
@Eyewa

Love it! It has been an essential tool for us, the perks of having everything at the point of my fingers.Using RemotePass has been super efficient. The platform is user-friendly and fast, and communication with customer service is truly a "gold standard".

Iyad A, Head of People
@Unico

RemotePass has been very helpful as it streamlines the payment process to our consultants, with a simple 2 to 3 clicks the job is done. It is effortless and straightforward to use. The most important thing is that It eliminates any compliance risks we might face, and the lengthy verification process. Overall the system is excellent, and I would recommend it to other organizations.

Rafik, Head of HR
@Rizek

The product has been incredibly a game-changer for us as we scaled our team globally. Creating a great first impression when onboarding remote teams . Everything centralized in one place. Love it!

Roxana L, Chief People Officer
@Bankio

Our work with RemotePass is a partnership based on trust and credibility we are proud to have. With RemotePass services, onboarding and payroll for our global team is well managed and our employees feel safe and cared for.

Fahad A, HR
@Soum KSA

I was instantly impressed with the UI/UX of the RemotePass platform, it is incredibly user-friendly and the feedback I have received from the remote workers has been excellent. Having supplied contract and remote staff to clients in the Middle East for several years, I have been used to a very manual and labor-heavy process when it comes to payroll and compliance. After one demonstration from the team at RemotePass I switched from using an existing supplier, as I get better value and service using this platform.

David S, Practice Lead
@Salt

Try RemotePass Today!

Join leaders who depend on RemotePass every day to be ahead of the curve.