May 20, 2020

Coronavirus as a Turning Point for Remote Work Opportunity

Have you ever imagined not having to go to an office every day but still being able to deliver excellent work? Well, you are not the only one. Say goodbye to traffic jams in the morning and hello to your home office.
Source: Unsplash

Home office rates have been growing steadily through the years. Self-Employed, Home businesses, Remote Jobs, and Freelancer opportunities are the main opportunity. Have you ever considered working remotely or independently? Well, it´s the perfect time to ask that question.

Tech companies have been developing plans to offer their employees the opportunity to work employed for the company with all its benefits and at the same time choosing whether they want to work at home, work at their offices, or do a mix between both.

Remote Jobs: who benefits from them?

Big companies such as Twitter, which currently have over 5000 employees, are starting to offer remote positions that before required office presence. They realized that it is a win-win situation. Not only for the employees but for the company too. Tech companies spend from thousands (small startup) to millions (big company) on office expenditures. Office rent or property ownership, office equipment, office supplies, services, taxes. We are talking about big company costs.

Venture Capital firms are changing their mindset on the rigorous "office close to the fund" concept. As many more startups are choosing shared spaces as WeWork, or Regus. Added to this, now Venture investors have to adapt to the current situation, where the majority of the people are working remotely. It´s very clear that they are not actively investing like some months ago, but it´s also clear that if they want to still have the assets under management, meaning the external capital injected into their firm, they will have to keep on investing disregarding the situation they face.

Software developers are not limited to having to do office work as their jobs deliver digital products. Writing code or Designing the next Release of an application is not tied to physically be in an office.   

Will things get back to normal?

Coronavirus has already stayed for 2 months, and nobody knows when things will get back to "normal". The pandemic on a personal level may be either frustrating or constructive. You can blame the pandemic for social distancing and not being able to do certain things you normally enjoy, but mark my words… If Work is one of those things you limit because of the pandemic then it´s time to change your mind.

The pandemic may last longer than what governments tell us, and what we globally expect. It´s no time to stop working. Some are building new businesses to be ready to be launched after the pandemic, others maintain their work remotely, and others consider the opportunity to start working as a Freelancer.  

The 3 options are interesting, but they don´t offer the same things. One interesting opportunity during this uncertain time, it´s to keep working on what you currently work on, and make a side income as a Freelancer. Following this strategy, their balance is inclined more to reward than to risk.  

Special analysis done by FlexJobs and Global Workplace Analytics found that there has been a major upward trend in the number of people working remotely in the U.S. In the span of one year, from 2016 to 2017, remote work grew 7.9%. Over the last five years, it grew 44% and over the previous 10 years it grew 91%.

Between 2005 to 2017, there was a 159% increase in remote work. In 2015, 3.9 million U.S. workers were working remotely. Today that number is at 4.7 million, or 3.4% of the population.”

We can expect it to rise from 3.4% to 10% of the population in the long term. Currently the majority of the population is working remotely, and is something that has never happened before. It´s temporary, but after months of working remotely, many will keep on working this way, and many will return to the office.

For now, Twitter has already offered its employees the possibility to keep on working remotely after the pandemic. But it´s not the only company that gave public information about their remote work measures.

Amazon gave its employees the option to work from home until October. Facebook offices will reopen July 6 but also giving the option to their employees to work from home until the end of 2020. Microsoft extends its work from home policy until October.

Can we work remotely efficiently?

The tools to work remotely are extensive and ready to be used a long time ago. Remote team Software companies such as Slack, are at its peak of platform usage. Cloud storage and document collaboration services such as Google Drive are the most used, and Zoom is currently the most active video call platform.

The increment in Freelance work is dramatically increasing, not only for the pandemic as a reason, but from before. Many freelancers hold their jobs and many dedicate their full-time jobs to Freelance jobs. Both are valid, and both work fine to give Freelance jobs a try.  

It is very well known that freelancers can and do make much more money per hour. They can do jobs for many employers at the same time, and deliver their services with specific time frames of completion. They can charge per hour or project. On average, a freelancer makes 2 times what an employee makes per hour.

In conclusion, we can expect Remote work to be a new modality of work, as companies are working in that way and it is resulting very effective. It brings benefits not only for the Employee but also for the Employer. Investors are changing their way of looking at remote companies, at the time of evaluating them and offering them capital. It´s a great opportunity to do the perfect combination, Remote working, and Freelancer. Some companies will allow their employees to work remotely until the end of the year, and some, with no time limit… meaning that remote work is here to stay.

Tags Remote Work Work From Home COVID-19 Coronavirus
Lucas Bonder
Technical Writer
Lucas is an Entrepreneur, Web Developer, and Article Writer about Technology.

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