The modern workplace has experienced a dramatic shift in recent years. It is becoming more and more common for people to complete their work and conduct meetings in the comfort of their own house, in a working style called “work from home” (WFH). For 40% of Americans, at least one day a week they are able to skip the commute to their office, which allows them to save on expenses such as eating out and filling up their gas tanks. 12.7% of workers are able to exclusively work in a remote setting. This trend became much more pronounced during COVID-19, when people were forgoing the office in order to prevent the spread of the virus. Several industries have wholeheartedly embraced the trend of working from home.
Information technology, professional and business services, educational services, and wholesale trade are the most comfortable currently, but more industries are predicted to adopt this trend. There are a lot of benefits for companies to shift their employee’s work streams to a virtual format. They can save costs related to employees taking less sick days and having a lower amount of employee turnover. In fact, annual costs per employee can be reduced by up to $37k. As companies begin to realize these financial benefits, it is likely that the amount of remote workers will spike.
