The coronavirus pandemic has forced plenty of companies to go remote. But many firms were already offering telecommuting possibilities to their employees even before the outbreak.
As we’ll see in the following statistics, it’s been a growing trend for years now.
That’s no surprise, considering the benefits that companies and employees can reap from such an arrangement.
Offering remote working aside, organizations have also been hiring more and more freelancers and virtual assistants to whom they can outsource work.
If you’re building an ecommerce company and could use an extra pair of hands with your work, that’s definitely an option you should be considering. Regardless of if the role is full time or part time, remote work can ensure you get the right talent for it.
But before you jump into that, let us quantify some of its advantages for you.
Here is a snapshot of the best facts:
- Working from Home is Increasing
- Companies Save Money with Working From Home Offering
- Productivity Increase Is Worth $1.3 Billion
- Average Remote Worker Earns $58k Annually
- More Work Can be Done From Home
- Most US Freelancers Find Their Gigs Online
- Relevant Skill Training Is Vital For Freelancers
- One-Third Of Freelance Workers Find Clients Through Referrals
- Skilled Freelancers Earn More Than Waged Workers
- Virtual Assistant Helps to Cut Operating Costs
Work From Home Statistics
1. Working from Home is Increasing
Working from home, at least part time, has been on an upward trend in the US in recent years, growing by as much as 91 percent over the past decade. In the five-year period from 2014 to 2019, it rose by 44 percent (Flexjobs, 2020).
With remote work looking to establish itself as the new norm, it’s becoming a condition that US workers expect their employers to offer. In fact, 80 percent of them say they would reject job offers that did not allow it.
2. Companies Save Money with Working From Home Offering
It’s no wonder an increasing number of firms are starting to allow their employees to work from home – the cost savings from doing so are significant.
The latest work from home statistics show that employers can save up to $11,000 per employee per year if working from home was allowed (Global Workplace Analytics, 2020). That amounts to more than $900 per employee per month. For small businesses, that can be quite a substantial amount that can be reassigned to grow another important part of the business.
3. US Workplaces Believe in Flexi-Time
Despite the cost benefits, the majority of companies in the US still appear to resist the idea. As it stands, only around seven percent of US employers offer the majority or all of their employees the chance to work from home (Global Workplace Analytics, 2020).
There appears to be some flexibility, however. Most firms (around 70 percent) do offer remote work as a possibility to some of their employees as and when they require it.
4. People Say They Are More Productive Working From Home
Being able to work from home actually yields plenty of other benefits that go beyond cost savings for businesses.
Nearly 90 percent of people say that they feel more productive when working from home (Fundera, 2020). They attribute this to being able to concentrate better as they’re away from office distractions and can avoid getting their work interrupted by meetings.
5. Managers See Productivity Increase from Work From Home Workers
And it’s certainly not just a feeling. Workers’ increased productivity has not gone unnoticed by others, not least of all their superiors.
The latest work from home statistics show that as many as two-thirds of managers say they have seen an improvement in productivity from employees who work from home (Fundera, 2020).
6. Productivity Increase Is Worth $1.3 Billion
But does this productivity translate into monetary terms?
Analysts say that the increase in productivity from workers who shifted to a work from home arrangement is worth a whopping $1.3 billion in added value to the US economy annually (Harvard Business Review, 2019).
According to experts, it’s a result of having shorter break times, fewer sick days, and in general, having a more comfortable and less stressful working environment.
7. Average Remote Worker Earns $58k Annually
According to the latest work from home statistics, the average remote worker works for a company with at least 100 employees and earns $58,000 annually (Global Workplace Analytics, 2020).
Of them, three-quarters earn more than $65,000, which puts their income level in the top 80 percent of all employees, both home- and office-based.
8. Number of US Employees Working From Home at Least Half the Time
There are currently 4.7 million employees in the US who are working from home at least half of the time (Payscale, 2019).
This then raises the question – what are the most common work from home jobs?
The latest reports show that the best work from home jobs, or those that offer the most possibility to remote work, are in the computer and IT fields.
9. Number of US Workers Based Entirely At Home
Keeping in mind the benefits of working at home, how many US workers are actually doing so 100 percent of the time?
Recent work from home statistics show that in 2017, 5.2 percent of the US workforce say they work from home permanently (Quartz, 2020). That makes up around 8 million workers, representing a four percent year-over-year increase and a 57.8 percent increase from the start of the millennium.
10. More Work Can be Done From Home
Though more and more US workers are working remotely, even more could potentially be doing so.
In fact, as many as 75 million US workers, which is more than half (56 percent) of the total US workforce, say there’s at least a part of their jobs that doesn’t actually require them to be in the office and can actually be carried out remotely (Global Workplace Analytics, 2020).
1. Most US Freelancers Find Their Gigs Online
With increasing internet penetration and better connectivity worldwide, more freelancers are turning to the internet to find work.
Freelance statistics show that in 2018, nearly two-thirds (64 percent) of US freelance workers found work on the internet (Upwork/Freelancers Union, 2019). That’s a 22 percentage point increase from 2014. If you’re wondering how to start freelancing, these platforms are clearly a great place to start.
2. Percentage Of US Workforce That Freelance
The gig economy in the US is also becoming increasingly popular as more people in the US become freelance workers.
In 2019, there were as many as 57 million freelance workers, which makes up more than one-third (35 percent) of the total US workforce (Freelancers Union, 2019). In other words, one in every three workers in the US are currently freelancing. This marks a 7.5 percent increase over the five-year period from 2014 to 2019.
3. Growth In Freelancers In Europe
Such growth isn’t limited to just the US. Across the Atlantic in Europe, the number of freelance workers has also been on the rise.
In fact, recent freelance statistics show that over the past five years alone, the continent registered a 45 percent increase in the number of freelance workers (Free Train, 2019).
4. 1.4 Million People Freelance In The UK
The United Kingdom is also certainly no exception to this trend. As of 2019, there were 1.4 million freelancers in the UK working across all the different sectors, representing a 14 percent increase over the past ten years (Free Train, 2019).
The high number isn’t surprising, considering nearly eight in ten (78 percent) UK residents believe that freelancing promotes good work-life balance.
5. Relevant Skill Training Is Vital For Freelancers
Freelancers tend to place more value in training and improving their skills than full-time company employees.
More than nine in ten freelance workers who graduated from college find pertinent skill training to be useful and important to their work (GoRemotely, 2020). And, in fact, 70 percent of them say they have participated in skill training, compared to just 49 percent of full-time workers.
6. One-Third Of Freelance Workers Find Clients Through Referrals
Though the majority of freelancers find work online through platforms like Fiverr, Upwork, and so on, they are certainly not the only source of work for them.
One-third (33 percent) of freelance workers are also getting clients through referrals (99 Firms, 2019). That is a pretty substantial amount and highlights the importance of establishing and maintaining contacts and good relations with existing clients.
7. Skilled Freelancers Earn More Than Waged Workers
With no stable income and their own business expenses to pay for, freelance workers’ hourly pay is usually higher than hired workers’ wage per hour.
In fact, the latest freelance statistics show that freelancers earn, on average, $28 per hour carrying out skilled tasks (CNBC, 2019). That is actually more than what 70 percent of the US workforce earns.
8. Fortune 500 Companies Use Freelancing Platforms
Freelance workers are in demand not only by startups but also some of the top companies in the world.
Recent freelancer statistics show that nearly one-third (30 percent) of Fortune 500 companies head to Upwork to look for freelance workers to outsource to (99 Firms, 2019).
9. Freelancers’ Share of the US Economy
Though they make up a small minority of the US workforce, the freelance workers’ income actually forms a relatively big share of the country’s economy.
As it stands, freelance income makes up almost $1 trillion, which is nearly five percent of the US’ GDP (Upwork, 2019). Though it may not seem like much, it’s actually similar to the information industry’s market share.
10. Average Hourly Pay for US Freelance Writers
Whether you’re a content writer searching for freelance writing jobs to do or an ecommerce business owner looking to work with one, it’s important to know how much freelance writers charge as a benchmark figure.
According to the latest freelance statistics, the average freelance writer makes about $24 per hour, while those in the 90th percentile earn more than double that – $63 (Payscale, 2020)
Virtual Assistant Statistics
1. Virtual Assistant Helps to Cut Operating Costs
One of the reasons companies hire virtual assistants is the cost benefits they offer. When working with virtual assistants, companies don’t have to worry about providing things like internet and office supplies, and paying for sick leave.
In fact, the latest figures show that virtual assistants can help firms save as much as 78 percent on operational costs in comparison with a full-time employee (Best of Budgets, 2019).
2. Number of Virtual Assistants Who Work Full-Time
Although it can be done as a side hustle or as a way to earn some extra income, and it certainly has a reputation to be so, many virtual assistants actually do their jobs full-time.
There are more virtual assistants who do it full-time than those who balance it with a primary job. Nearly six out of every ten virtual assistants work full-time, leaving the minority doing it as a side gig and complement to their full-time jobs (Chris Walker, 2020).
3. Number of Virtual Assistants on Online Platforms
There are over 110,000 virtual assistants listed on online job platforms all over the internet (Delegated, 2019). For instance, Guru alone features around 74,000 virtual assistants. There are another 26,000 on Freelancer, and more than 5,000 each on Upwork and PeoplePerHour.
That’s not even including Fiverr and other expertise-specific platforms like Toptal for tech-related virtual assistant jobs.
4. Most Virtual Assistants Are Paid Hourly
Another reason virtual assistants are generally much cheaper than a hired employee is that companies pay them per productive hour.
In fact, virtual assistant statistics show that nearly nine out of every ten (87.7 percent) of them are paid on an hourly basis (Outsource Workers, 2018). That means that companies are only paying them for the time during which they’re actually productive.
5. Virtual Assistants Help Businesses Save Time
Another benefit of hiring virtual assistants for your business is that it can help you save precious time and clear up your schedule for more important things (Small Revolution, 2020).
Tasks like scheduling social media posts, data entry, proofreading, etc. can easily be outsourced to virtual assistants. That way, business owners can spend more time on crucial aspects of the business.
That’s it from us. With these work from home statistics, the benefits of working from home for both companies and employees, and hiring freelancers and virtual assistants for businesses should be pretty clear.
We hope that you’ll be able to learn something from this post that you can implement for your business to help it grow.
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