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  • 50 Work from Home Statistics You Must See: 2020 Essential Data & Insights

50 Work from Home Statistics You Must See: 2020 Essential Data & Insights

Category: B2B News

The option to work from home has never been more in demand among companies and workers alike. To illustrate this point, check out the latest telecommuting statistics below. Unsurprisingly, the concept of remote work is nothing new: working from home is already an established thing.

Ideally, an adjustment period during the migration from on-site to remote work can ease the transition process. However, the rules have changed overnight in response to the uncontrolled spread of COVID-19. As a result, we no longer have the luxury of time to shift from working at the office to the work from home model.

For those still deliberating on the switch to remote work, or looking for the silver lining in telecommuting, read the following work from home statistics. Hopefully, they’ll give you ideas and help you develop clearer strategies moving forward.

work from home statistics

Remote Work Profile Statistics

What do typical remote workers look like? Also, what drives them to stay away from the office? Also, what remote work systems do they use to stay connected? Here we look at information that provides a glimpse into a remote worker’s professional life.

  • The typical work from home worker is a college degree holder, 45 years old or above, earns $58,000 annually, and works for a company with more than 100 employees. [1]
  • 84% of remote workers work in their place of residence. The rest work at co-working spaces (8%), coffee shops (4%), and other places(4%). [2]
  • 42.2% of remote workers have been working from home for 1-4 years, while 33.9% have worked for more than four years. 23.9% have worked for a year or less. [3]
  • 80% of remote workers would prefer staying remote for the remainder of their careers, while 14% said they are open to going back to work on-site. [4]
  • 34% of employees are willing to take a 5% pay cut if it meant they could have greater flexibility at work. [5]
  • 82% of full-time remote workers are happy with their work from home hours, compared to 70% of part-time remote workers. [3]
  • Only 34% of employees believe that their company has a formal or informal telecommuting policy. [6]
  • The ideal remote arrangement is determined at 2-3 days work from home and the rest at the office. Specifically, this results in a balance of concentrative work at home and collaborative work at the office. [1]
  • Remote work tools used by work from home workers: VPN: 39%, cloud-based file management programs: 36%, instant messaging services: 34%, and collaboration software: 13%. [6]

remote worker profile

Remote Workers vs On-Site Workers Statistics

Apart from location, what makes remote workers different from on-site workers? In addition, do these differences add up in terms of benefits for the company? To help shed light on some of these questions, let’s read up on the following comparisons:

  • 84% of remote workers agree that being allowed to work remotely would make them happier. Meanwhile, 81% of on-site workers agree. [5]
  • Work from home employees tend to work 1.4 more days per month compared to office workers, equivalent to more than 15 working days a year. [7]
  • Remote workers are 24% more likely to report feeling happier and more productive at their jobs compared to their on-site counterparts. [5]
  • 80% of both remote and on-site workers agree that remote work can make them less stressed. [5]
  • While remote workers take an average of 22-minute break s(compared to 18 minutes for on-site workers), but they work an additional 10 minutes a day. [7]
  • Remote workers are 13% more likely to remain in their current jobs for the next five years compared to non-remote workers. [5]

Source: Airtasker survey

Work from Home Related Costs Statistics

With the loss of some people in the office building, does this bode well for the company both for the short and long term? To illustrate, here are some stats that suggest remote work is addition by subtraction.

  • 77% of employees believe that allowing telecommuting may lead to lower operating costs. [6]
  • If remote work-eligible workers were allowed to work from home at least half the time, national productivity would increase by 5 million man-years or $270 billion worth of work. [8]
  • Only 20% of companies shoulder internet access costs for their remote workers. Also, only 28% pay for mobile costs. [3]
  • US companies saved an estimated $5 billion by allowing employees to work at home. In particular, these savings include office space rental savings, office supplies, and expenses, and transportation-related costs. [9]
  • Only half (52%) of remote workers use a work-provided computer when assigned outside the office. [6]

remote work costs

Benefits of Working from Home Statistics

What does one get from working at home? Also, do the benefits outweigh the loss of access to office supplies and actual facetime with the boss and co-workers? Surprisingly, the answer is clearly in favor of working from home. In case you’re trying to set up your own home office, check out this handy guide on setting up a work at home operation.

  • 25% of employees surveyed switched to working from home because they found on-site commuting takes too long. [7]
  • Remote workers are 2.2 times more likely to earn more than $100,000 per year compared to on-site workers. [5]
  • 32% of remote workers say that having a flexible schedule is the biggest benefit of working from home, while 26% say that it’s the flexibility to work anywhere. [3]
  • On average, company turnover decreases by 50% when a work from home program is implemented. [9]
  • 90% of respondents say that allowing flexible work arrangements such as remote work will increase employee morale. [6]

Source: Owl Labs State of Remote Work 2019

Most Popular Remote Work Software

Given the isolation of the remote worker from his teammates, the need for the best remote work programs becomes apparent. And this is not limited to communicating, but also sharing files, conducting remote video meetings, submitting expenses, timesheets, and payroll, and providing updates. However, all these requirements and more can now be addressed by the vast number of cloud software available. Here are some of the more popular ones:

  1. monday.com: A project management software, monday.com is a visual task management software where all team members can access, share, and collaborate on projects. For more details, check out our monday.com review page.
  2. PandaDoc: PandaDoc provides unrivaled convenience and portability when managing official documents, letting you create, share, and affix signatures to your documents. Learn more about how the software can help you in our PandaDoc review.
  3. Zoom: Zoom is a videoconferencing software that lets you meet, conduct training and presentations, and hold webinars via computers and smartphones. Check out how Zoom can help your web meetings via our Zoom review.
  4. Time Doctor: Time Doctor is a time tracking solution that helps monitor time spent on project tasks, helping you stay on schedule and budget. Check out the features of this program in our Time Doctor review page.
  5. Slack: Not just a messaging app, Slack can handle video communication, presentations, file sharing, and archiving with ease. For more details, read our Slack review.

Challenges of Working from Home Statistics

The flexibility gained from remote work comes at a price. Consequently, isolation from the workplace becomes the daily norm. Also, working from home exposes you to the same pitfalls you may have experienced back at the office, such as unproductive time and collaborating with team members who are spread out far and wide.

  • The top challenges for remote work are loneliness and difficulties in communicating and collaborating, with both getting 20% of votes. [3]
  • 61% of remote workers expect a pay increase if remote working privileges were removed. [5]
  • On-site workers are unproductive for 37 minutes a day on average compared to remote workers 27 minutes. However, they make up by working an average of 10 minutes more per day. [7]
  • 67% of employees would consider leaving their jobs if work flexibility was reduced or removed. [6]
  • Onsite office desks are vacant by 50-60% due to remote work opportunities. [1]

remote work challenges

Top Ten Highest Paying Remote Jobs

Contrary to what some people think, remote work is as lucrative, and sometimes even more than on-site work[10]. In addition, the convenience of not commuting, flexible hours, and lots of personal space, adds more intangibles to working at home.

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Top 10 Highest Paying Remote Jobs

Top 10 Highest Paying Remote Jobs
Psychiatrist: $180,000 to $290,000

Psychiatrist

$180,000 to $290,000
Top 10 Highest Paying Remote Jobs
National Sales Account Executive: $125,000 to $200,000

National Sales Account Executive

$125,000 to $200,000
Top 10 Highest Paying Remote Jobs
Senior Software Engineer: $125,000 to $175,000

Senior Software Engineer

$125,000 to $175,000
Top 10 Highest Paying Remote Jobs
Corporate Controller: $125,000 to $150,000

Corporate Controller

$125,000 to $150,000
Top 10 Highest Paying Remote Jobs
Medical Director: $130,000 to $140,000

Medical Director

$130,000 to $140,000
Top 10 Highest Paying Remote Jobs
Data Analyst / Scientist: $115,000 to $135,000

Data Analyst / Scientist

$115,000 to $135,000
Top 10 Highest Paying Remote Jobs
Information Security Manager: $110,000 to $130,000

Information Security Manager

$110,000 to $130,000
Top 10 Highest Paying Remote Jobs
Actuarial Analyst: $100,000 to $125,000

Actuarial Analyst

$100,000 to $125,000
Top 10 Highest Paying Remote Jobs
Lawyer / Attorney: $100,000 and Up

Lawyer / Attorney

$100,000 and Up
Top 10 Highest Paying Remote Jobs
Writer / Producer: $50,000 to $100,000

Writer / Producer

$50,000 to $100,000

Source: The Street

Designed by

Top Ten Work from Home Work Industries with the Most Job Openings

In its March 2020 report, Virtual Vocations listed the top industries that offered the most openings[11]. This may be the forecast we’re looking at for the next few months as companies and organizations might need more remote workers than on-site given the situation. In particular, here are the industries that currently need more remote workers, some of which include the biggest remote work from home companies.

  1. Information Technology: Bureau of Labor Statistics (BLS) industry outlook (2018-2028): 12% growth.
    Popular jobs: Remote Information Technology Manager, Telecommute Information Technology Software Engineer, Remote Information Technology Consultant, Telecommute Information Technology Customer Experience Manager
  2. Healthcare: BLS industry outlook: 14% growth.
    Popular jobs: Remote Behavioral Healthcare Advocate, Virtual Utilization Review Healthcare Specialist, Remote Healthcare Research Collaborator, Telecommute Healthcare Regional Business Office Manager
  3. Sales BLS industry outlook: Little to no growth.
    Popular jobs: Telecommute Technical Sales Engineer, Virtual Inbound Sales Agent, Remote Senior Technical Sales Manager, Virtual SaaS Software International Sales Representative
  4. Education: BLS industry outlook: 5% growth.
    Popular jobs: Remote Special Education Teacher, Virtual Professional Education Tutor, Telecommute Education Services Instructional Designer, Remote Education Sector Management Training Coach
  5. Account Management: BLS industry outlook: Little to no growth. 
    Popular Jobs: Remote Technical Account Manager, Telecommute Commercial Insurance Account Manager, Remote Specialty Pharmaceuticals Account Manager, Telecommute Amazon Account Manager
  6. Human Services: BLS industry outlook: 13% growth
    Popular Jobs: Remote School Psychologist, Virtual Bilingual School Speech Language Pathologist, Online K Through 12th Grade Teacher of the Visually Impaired, Remote School Based Occupational Therapist
  7. Customer Service: BLS industry outlook: 2% decline
    Popular Jobs: Telecommute Customer Service Advocate, Remote Promotional Products Order Resolutions Specialist, Telecommute After Hours Insurance Customer Support Representative, Remote Customer Happiness Manager
  8. Project Management: BLS industry outlook: 31% growth
    Popular Jobs: Remote Digital Project Manager, Telecommute Senior Technical Project Manager, Remote Solutions and Services Project Manager, Virtual Senior Fintech Project Manager
  9. Marketing: BLS industry outlook: 8% growth
    Popular Jobs: Telecommute Marketing Vice President, Remote Associate Paid Media and Audience Growth Director, Telecommute Partner Marketing Manager, Remote Facebook Ads Manager
  10. Teaching: BLS industry outlook: 3% growth (kindergarten and elementary teachers), 4% growth (high school teachers), 11% growth (postsecondary teachers)
    Popular Jobs: Online Elementary Instructor, Telecommute SAT Math, and Verbal Skills Instructor, Remote Visual Media Adjunct Faculty Member, Virtual Spanish Teacher

Work from Home: It’s Not an Option, It’s Reality

The writing on the wall is clear: a single global health issue has changed the way businesses operate. As a result, the hallowed halls of the office is no longer the sole, logical location where things get done.

For this reason, social distancing need not prevent people from working, as the infrastructure, the technology, and the tools to work remotely are already here. This means working from home isn’t just an alternative option during times of crisis, but a genuine solution that offers benefits in terms of productivity, cost savings, and even employee well-being. Accordingly, smart businesses should know that it’s time to go home. A good starting point is to use this remote team management guide.

 


References:

  1. ^Latest Work-At-Home/Telecommuting/Mobile Work/Remote Work Statistics
  2. ^State Of Remote Work
  3. ^The 2020 State of Remote Work
  4. ^Anywhere Workers
  5. ^State of Remote Work 2019
  6. ^Staples Workplace Survey 2019
  7. ^The Benefits of Working From Home
  8. ^Telecommuting Could Save U.S. Over $700 Billion a Year and Much More
  9. ^Productivity, Retention And Cost Savings: Why Working From Home Benefits Employees And Employers
  10. ^10 Best Paying Remote Jobs
  11. ^March 2020 Remote Jobs Report

 

Jenny Chang

By Jenny Chang

Senior writer at FinancesOnline who writes about a wide range of SaaS and B2B products, including trends and issues on e-commerce, accounting and customer service software. She’s also covered a wide range of topics in business, science, and technology for websites in the U.S., Australia and Singapore, keeping tabs on edge tech like 3D printed health monitoring tattoos and SpaceX’s exploration plans.

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