Remote Employees, the Millennium Workforce Trend
FlexJobs estimates project that 50% of people will work remotely by 2020.
As the world is changing, business trends for are anticipated to continue to cater and mold to the ideas of the new millennial led workforce, who according to Forbes, will comprise 75% of the workforce by 2025, (only 8 years from now).
Remote work continues to soar as technologies, video conferencing for collaborating and cloud services make it easier and more efficient.
Since customer service, social media, programming and many other positions only require access to a computer and Internet, it’s a no brainer for talented and tech savvy millennials to be hired for these positions no matter where they live.
Adding to the rise of remote employees is startup companies evaluating the old brick and mortar building concept, which can lead to much higher startup costs, against virtual models that are accelerating in the global marketplace with success.
- 77% feel they are more productive than when they work in the office.
- 24% were willing to work longer hours than normal to accomplish more.
- 30% accomplished more in less time.
- 52% were less likely to take time off when working remotely.
- Offeringremote work options reduced employee turnover, and “job attrition rates fell by over 50 percent,” Stanford University
- Companies of all sizes report significant decreases in operating costs. Two examples from big companies: Aetna (where some 14,500 of 35,000 employees don’t have an “in-office” desk) shed 2.7 million square feet of office space, saving $78 million. American Express reported annual savings of $10 million to $15 million thanks to its remote work options.
- Remote workers are often more engaged with colleagues and supervisors than in-office workers, Harvard Business Review.
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