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Companies Are 3 Times More Willing to Hire Remote Workers

Companies Are 3 Times More Willing to Hire Remote Workers

More enterprises are now prepared not only to employ remote employees, but to recruit them from anywhere. Remote work is becoming the new standard. More than a third  companies  claim they are prepared to employ  100%  of remote employees. They will employe remote workers anywhere in the United States or abroad.  

Survey

Conducted by The Conference Board in September. More than 330 HR executives at primarily large US companies weighed in about remote work and hiring. The productivity, and well-being, workforce cost-reduction actions, and plans for returning to the workplace. This online survey is a follow up to one conducted in April. 

 The new findings also show that many companies continue to plan to take the cost reduction steps, including layoffs and restructurings, after six months of adaptation to the pandemic. On the upside, many firms  have been able to reverse   some of the cost-cutting steps taken at the onset of the pandemic, entirely or partially. 

Talent without borders 

Companies are now three times more willing to hire remote workers from anywhere in the US or the world. 36 percent say they are willing to hire 100 percent remote workers anywhere in the US or internationally. Just 12 percent were receptive to that approach before COVID-19.  

Compared to before the pandemic, companies are now far more willing to hire remote workers (52 percent willing before COVID-19 vs. 88 percent now). However, half still prefer that employees live within commuting distance to the office location. 

Remote Workers talent from many countries

The future of remote work 

Post-pandemic, working primarily from home is more likely for many workers.  More than one third of respondents expect that 40 percent or more of their employees will work remotely (at least three days per week) 12 months post-pandemic. That is up from 5 percent prior to the pandemic. 

 Increasing reports of productivity gains 

In September, almost half of respondents (47 percent) believed that productivity had increased for their workforce, compared to only 23 percent in April. This productivity increase could be due in part to employees working longer hours since the COVID-19 outbreak. 

More meetings and working hours 

Many surveyed companies report that their employees are experiencing increased work hours (60 percent) and spending more time in meetings (63 percent), as well as suffering more burnouts (42 percent), decreased work-life balance (46 percent), and more mental health problems (40 percent).  

“To further support the health and well-being of their workers, companies can consider implementing quiet periods without email, mandating use of vacation time, or even offering more benefits related to health and wellness to mitigate stress.” said Robin Erickson, PhD, a report co-author and Principal Researcher at The Conference Board. 

Cut Cost  

One quarter of companies that implemented salary/wage cuts during the pandemic had fully reversed this action by September. Companies were likely to reverse wage cuts as quickly as possible; one quarter had fully reversed them by September, and another 23 percent had partially reversed this action. 

Company cut cost

 

Note: The Conference Board conducted this survey in September as a follow up to an April survey tracking human capital responses to COVID-19. 

Source : www.oleantimesherald.com

 

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Flexgigzz Editor

Author Since: June 19, 2020