Remote Work – Is This The Future?

The Idea

The pandemic has forced countless companies into a trial of having large amounts of remote, Work From Home staff. This will be the impetus for a massive, long-lasting shift in work culture. A shift that will bring about countless companies that create and serve remote work needs.

The Numbers

1. Facebook anticipates 50% of staff WFH in 5-10 years (The Guardian)
2. Following the pandemic, 30 percent of the entire workforce will work from home at least a couple times a week (Global Workplace Analytics)
3. 86% of people feel that working remotely reduces stress – one of the main causes of heart disease (FlexJobs)
4. If employees who held telework-compatible jobs (50% of the workforce) and wanted to work at home (79% of the workforce) did so just half of the time (roughly the national average), the economic benefit would total over $700 billion a year in real estate, electricity, absenteeism, turnover, and productivity (Global Workplace Analytics)

The Opportunity:

• On Wall Street, software companies will see the immediate benefit of creating the means for remote work to thrive, while their long-term benefit is decreased employee expenses.
• On Main Street, ancillary businesses that support the remote work economy will include everything from remote worker perks providers to home office equipment.
• On Side Street, savvy makers will build tools and experiences we didn’t even know we needed for remote work, but turn out to be a hit.

The data and insights in this article were gathered by Trends Exchange. They have created a report which details the emerging remote work trend, potential business models, the major players in this space, as well as the Wall Street incumbents who will benefit from this trend. 

You can find the full report here: https://www.trends.exchange/remote-work/