As layoffs across different sectors like tech continue in the United States, analysts and experts say that more and more people will likely move towards remote work and jobs as many expect it to become a permanent fixture on the world’s job market.
Due to the COVID-19 pandemic, much of the workforce in The Americas and even Europe has shifted to a hybrid or fully-online work situation, which has offered workers relief from commuting and time savings for their daily lives and given recruiters and companies to find a broader reach of talent across the country instead of a more localized search.
Economist Nicholas Bloom, who released a study about remote work in 2021 with fellow economists Jose Maria Barrero, Shelby Buckman, and Steven Davis, says that most workers value remote work just as much as a 5-7% pay increase, and Bloom theorized that the payroll savings could be just as much for the kind of work that can shift online.
Any worries about a loss of productivity are erased as research has shown that remote work allows for more productivity from workers in comparison to a regular face-to-face job, especially as technology allows for faster communication between co-workers across the world.
“Ten years ago, remote employment basically meant a telemarketing or customer service position at below minimum wage,” Centific human resources director Samantha Lambert said. “It rarely was connected with a full-time career. Now, technology affords us the ability to get the same job done, no matter where in the world we are. [It has] enabled us to be in contact with co-workers or clients at any time.”
Bloom and company, however, note that the supposed “revolution” in remote work only comes “to the better educated and the highly paid,” and that remote work can negatively affect the careers of people who opt for it instead of working in the office with their fellow co-workers.
Despite that, remote work currently has a smorgasbord of opportunities for people looking for jobs worldwide, and companies like Working Solutions and Sutherland have built their companies toward the expertise of hiring expert workers on a temporary or permanent basis for companies around the world.
Of course, remote work mainstays like Transcom and Liveops have continued to pioneer remote agent work with excellent benefits, but newer companies have come to the forefront in giving remote opportunities for different people, like BCD Travel for the travel and hospitality industry or HubSpot for the marketing sector.
Some companies, like BELAY Solutions, which was established in 2010, have made it their ethos to promote remote work. BELAY, a virtual solutions company, has only a remote staff for it to work with and has made it company policy for that to continue. GitHub, a company that hosts various computer-related work like coding and publishing, also espouses workplace flexibility in their hiring practices.
Work analysts, like software company Freshworks’ chief marketing officer Stacey Epstein, believe that as technology continues to progress, more and more jobs in different industries will pivot towards a remote work situation.
“The modern workforce is increasingly mobile, collaborative [and] dynamic, and comprises multi-generations, all with different communication preferences,” Stacey Epstein, the chief marketing officer at Freshworks, said. “These workers span multiple industries … all of who[m] represent unique challenges when it comes to staying connected while on the job.”