In a survey done by Owl Labs in 2018, over 3,000 employees from 23 countries were polled, and the results showed that 56% of companies are now allowing their employees to at least partially work from home. This number has grown exponentially in the year 2020, as employers continue to make necessary accommodations for their employees during the global pandemic. As faster and more reliable internet service becomes available, employers are now able to access a much wider talent pool than ever before, and thus may be willing to consider hiring a remote candidate for a role.
By the year 2020, Generation Z is on track ot make up around 36% of the global workforce. It has been revealed through several studies that when seeking employment, this generation considers: Career growth, fulfilling work, stability, and a flexible schedule as being the most sought after.
A Happier Company
Companies greatly benefit by sending their employees home to work. Not only do they profit from not having to house their employees for 40 hours a week, but surveys are showing that those employees are doing their jobs better, and more efficiently. FlexJobs reports that an overwhelming majority of professionals feel that there are “fewer distractions and interruptions from colleagues” when they are working from home.
In fact, 82% of employees say that they would be more loyal to their employers if they offered flexible work options. Workers actually reported to Owl Labs that the reason that they work from home was for “better focus and increased productivity.” On top of this, companies with remote workers enjoy a 25% lower turnover rate than those without.
A Happier Employee
Companies are not the only ones reportedly profiting from working at home. Owl Labs reported that employees that work from home even once per month are 24% happier in their roles than office-only workers. This happiness is even worth a trade-off of other work benefits for 69% of millennials, who reportedly prefer the flexibility of remote work.
According to FlexJobs, 76% of all remote workers seek this home-bound position for the work-life balance. Time saved by zero commutes and stress relieved by foregoing office politics are the top reasons why 45% of those respondents said that remote work improves the overall quality of life.
Remote work may not be for everyone, but the bottom line is that is it is beneficial for most. Companies are seeing higher productivity and profits while employees are happier in their positions, even partially working from home. The numbers don’t lie, working from home just works.