A Closer Look Into The $60 Billion Industry
Dec 08, 2022 Remote Work
Express
Yourself
Remote work has undoubtedly changed the way we do and perceive work. Its rise in popularity has brought many benefits, for employers and employees alike.
Employer Benefits
- Productivity improvements
- Decreased equipment costs
- Lower absences
- Lower rental costs
- Access to global talent
- Lower employee turnover
- Sustainable corporate choices
“People are more productive working at home than people would have expected. Some people thought that everything was just going to fall apart, and it hasn’t. And a lot of people are actually saying that they’re more productive now.”
Mark Zuckerberg, CEO of Facebook
Employee Benefits
- Flexibility around your day
- Work-life balance
- Freedom to change surroundings
- Saving money on commute and attire
- Saving time in commute
- Tranquil surroundings
- Productivity increases
Bloomberg estimated that Americans have now 60 million more hours to spend with family and resting due to remote work. That’s the amount of time they would usually spend being stuck in traffic!
Some industries have caught up with the digitalization of work more quickly than others. Those industries and companies have had a competitive edge in the market and access to a global workforce of unique talents. Here are some of the industries that were quick to jump on the remote work train and are now mostly hiring remote employees:
- Banking and Finance
- Health and Wellness
- Entertainment
- Customer Services
- Education
95 percent of offices were occupied prior to the pandemic, whereas now only 47% are. Even two and a half years later, most urban cores still haven’t reverted to their pre-epidemic state.
On its way to becoming a $60 billion industry by 2050, remote work has proved its worth. Get in touch with us at Master WiZR to learn more about how we can help you make the transition.
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