Updated: Jun 1
With the global pandemic coming to a gradual end (hopefully), the economy and global workforce are about to take their turn. After 2+ years of adapting to a work-from-home lifestyle, we are seeing a surge in movements from global companies becoming more remote. From the introduction of advanced digital technologies to ditching the 9-5 work culture, the remote working trend is really catching on.
Statistics from the Global Mobile Workforce Forecast suggested that in 2017, the number of the mobile workforce amounts to 1.52 Billion people globally. As the digital nomad trend continues to rise, we are projected to see an increase reaching 1.88 Billion remote working people by 2023, comprising a whopping 43.3% of the total global workforce. Let's explore the benefits and factors behind this phenomenon.
The benefits of remote working
According to a study by Robert Walters, over 45% of employees claim that they are more productive when working from home while almost 80% of employers believe that the quality of work has improved. So if you’re still tied to an office desk, maybe it’s time for a change.
Here are some more benefits of remote working;
Productivity - Employees that work remotely have shown to be 35-40% more productive when compared to those working in an office
Performance - Studies show that employees who have autonomy and flexibility over their work-life produce 40% fewer mistakes leading to better performance overall
Engagement - Remote working contributes to a 41% reduction in absenteeism among employees which ultimately gets more work done
Retention - Over 50% of employees would consider a job change if more flexibility is offered, while companies that offer remote work have seen an average of 12% decrease in employee turnover
Profitability - Employers can save up to $11,000 per year per employee when remote work is permitted which in turn increases company profit
Who’s leading the trend?
Data shows that individuals who are born between the 1980s to 2000s are the main drivers of the digital nomad and remote working trend. This mainly includes those categorized as Generation Y or more commonly known as Millennials, of which who make up a third of the current global population.
What do they care about?
The working habits and characteristics of this group stem from the transitional phase from the conventional analog work culture to a fully digital lifestyle. With that said, digital nomads tend to emphasize a few things; efficient digital tools, the freedom to work (from anywhere), self-development, and a good work-life balance.
What are they looking for?
In general, digital nomads tend to adopt patterns of temporary living (with a sense of place), support the concept of co-living, and cherish a community-based lifestyle. The flexibility and relaxed work atmosphere provide them with the freedom to thrive and be productive while enjoying the company of other like-minded individuals. The most obvious example is seen through connecting with other nomads in social workspaces such as in a coworking space.
With that said, HOMA understands the demands of the ‘new digital workforce’ in Thailand. Apart from being the first accommodation in Phuket with a co-living concept, we offer a true work-from-home experience at our coworking space right on site. This includes; superfast Wifi, meeting rooms, individual soundproof pods for video conferencing, and the opportunity to connect with other nomads.
Are you looking for a place to remote? Come to Phuket and join the tribe!