How does remote work become the trend beyond 2025?
In recent news with CNBC, Nicholas Bloom mentioned that remote work will become the trend and go beyond 2025. The U.S. labor market is going to experience the remote work culture permanently – he further added.
In this blog, we will show how the remote work trend has become permanent for several companies.
The remote work scenario in the largest metro cities in the US
Stanford’s Steven Davis has released a statement that remote work has job opportunities for both workers and employers. In this context, the researcher on remote work culture foreseen that the trend picked during the Pandemic would become permanent for many companies in the coming days.
During the Pandemic in 2020, the early days of lockdown, 61.5% of paid workers worked from home as per the Survey of Working Arrangements and Attitudes.
In 2022, when the situation got back to normalcy, half of the employees returned to the office. Within a short period, both workers and employers realized that remote work-from-home arrangements were much better than visiting the office every day.
However, in 2023, the scenario was mixed. Only 28% of remote work-from-home employees sustained this year, which is quite flat. However, the U.S. The Census Bureau’s Household Pulse Survey showed a similar trend.
In mid-2023, 50% office occupancy was observed in the largest metro cities in the U.S.
Bloom further added that it’s almost three and half years, and we still got stuck, which would take something as extreme to unstick it.
Remote work policies – the impact on the labor market
After the Pandemic, the ‘Hybrid’ work culture was introduced, and the arrangements followed three days of working from the office and two days of working from home.
According to WFH Research, 47% of employees work from home under a hybrid model, while 19% are full-time and 34% are on-site office locations. The data took until October 2023.
A hybrid model was introduced for an experiment in the post-Covid scenario.
However, remote work is the new normal for the labor market.
If we see the hybrid data, the following statistics come out from the ZipRecruiter employer survey. Let’s see –
|One day in the office/week
|One day in the office/week
|Three days in the office/week
|Four days in the office/week
Surprisingly, ZipRecruiter chief economist Julia Pollak revealed that 11% of online job postings concentrate on remote or hybrid work models.
The below graph reveals the US work-from-home employees data –
Why will remote work go beyond 2025?
The remote work model will soon be the main option employers consider. According to the economist from Stanford, the remote work model will be cost-effective for employers.
The biggest benefit of remote work, as per the employers, is retention, which ZipRecruiter further added. Working from home saves companies money since the model was introduced during hard times.
As the current trend, the work-from-home model is likely to grow as the employee retention rate, and cost-effectiveness save companies funds while getting the work done remotely.
Another reason is technological advancement. During remote work, technology made it easier to perform. The young CEO of the newly established firm believes in the remote work model.
Even in the long-term trends, the work-from-home model will emerge to save companies’ funds.
Working from home is a profitable work model for companies that will go for long-term trends. Bloom, the economist from Stanford University, further added that there are potential benefits such as reduced expenses for real estate, wages and hiring, better work retention, and an extensive pool from which to hire professionals.
The productivity will never suffer, he further added.
Global Squirrels is a platform that can assist you in remotely hiring professionals from across the globe. Let’s know more about Global Squirrels.
How does Global Squirrels help to hire remote employees?
Global Squirrels, a SaaS product, helps employers find the right candidates and recruit them in their organizations. Global Squirrels has an extensive pool of global talent from several sectors.
With hiring, Global Squirrels further support the payroll management system. Payroll to employees, calculate the benefits, make tax calculations, and manage the leave sheet under payroll management – Global Squirrels assists you throughout the process.
You can hire remote employees with a one-click with the help of Global Squirrels.
Global Squirrels offers the following benefits –
The following advantages you will get once you sign up with Global Squirrels:
- You will get an extensive talent pool
- Hire remote employees from several countries
- Global Squirrels will do your employee’s payroll management
- Global Squirrels takes care the compliance based on international laws
- You do not need an entity set up to hire local employees
- There’s no bloated markups or agency fees
- Global Squirrels only charges a flat license fee per hire
- With employees, you can hire Contractors from Global Squirrels
The Price plan of Global Squirrels
Global Squirrels offers the most cost-effective package for the employers. There are three plans. See the below table:
|$199/month/employee + payroll cost
|$1499 Recruitment fee ( One-time) + $199/month+ Payroll cost
|$1499 Recruitment fee ( One-time)
How to sign up with Global Squirrels?
The signup is free, and you do not need to pay for it. Global Squirrels charges after you confirm the candidate. Let’s see how you can sign up with your one-stop hiring and payroll management solutions.
Step 1: Visit Global Squirrels
Step 2: Click on the Request a Demo
Step 3: Fill up the form with your company’s relevant detail
Step 4: Once you submit the form, your signup process is done
Next move further –
Step 5: Now you can access the global talent pool and select the right candidate for your company
Step 6: You need to select the plan and make the payment
Step 7: After the payment, Global Squirrels’ expert executive team will manage the rest of your hiring and payroll process
The plus side of Global Squirrels
Global Squirrels is unique in the following points:
- Global Squirrels never asks for any bloated markups or agency fees
- It only charges a flat license fee per hiring
- The plan is the most economical, only $199/employee/month + payroll cost
Let’s see the FAQs for more information
In which countries there is a massive talent pool?
There is a global talent pool available in every country. But if you want a brilliant workforce, you have to search for remote professionals from India, the Philippines, Mexico, and Bangladesh with the help of Global Squirrels.
How does Global Squirrels help in compliance?
Global Squirrels assists you in complying with international labor laws and guidelines. It’s come under the payroll management system, and employers get the compliance solution from Global Squirrels.
Can Global Squirrels manage all the legal processes during hiring?
Yes. Global Squirrels can manage all the legal issues related to the hiring of local employees and help in documentation as per local employment laws.
According to Stanford’s economist, the remote work trend will set up and go far beyond 2025. As remote work becomes the trend in the US labor market, hiring remote employees can serve better in terms of cost-effectiveness and productivity level.
Organizations are finding several ways to streamline their business in the post-COVID era, and the work-from-home option is another way to save companies’ funds.