Some Numbers on Nomads and Remote Work
The rise of remote work and professional freelancing has turned the traditional work model on its head. Instead of being a small gear in a massive machine, people are now the whole shebang.
This shift lets them pick and choose their projects, set their own rates, and find that elusive work-life balance we all dream about.
According to recent data, 63% of freelancers say they chose this path willingly, not out of necessity. This isn't a backup plan for them; it's a calculated and deliberate decision. Why? Because it allows them to mold their work around their lifestyle, interests, and ambitions. This autonomy has changed the dynamics of the traditional employment market and shows how people are becoming "Freelance by Choice."
The transition to remote work isn't just a temporary measure instigated by a global pandemic. It's a trend that has been growing steadily for years. For example, in the U.S., remote work increased by 173% between 2005 and 2018. By 2021, the number of fully remote workers was four times larger than it was in 2018. A total of 26.7% of employees were fully remote, and experts predict that by 2025, there will be 36.2 million Americans working remotely, a 417% increase from pre-pandemic levels.
But this shift to remote work isn't just confined to the U.S.; it's a global phenomenon. Around 55% of businesses globally offer some capacity for remote work, and 18% of the workforce telecommutes on a full-time basis. Furthermore, 88% of organizations worldwide made it mandatory or encouraged their employees to work from home following the declaration of the COVID-19 pandemic.
There's no denying the attractiveness of remote work. A whopping 99% of remote workers want to continue telecommuting in the future, and 90% would recommend working remotely to a friend. It's clear that once people get a taste of remote work's flexibility and independence, they don't want to go back.
The financial implications of remote work also can't be ignored. On average, remote workers earn $4,000 more annually, and 30% of telecommuters save upwards of $5,000 annually. For companies, the benefits are equally significant. They can save an estimated $11,000 annually for each employee who works remotely half-time.
Remote work has given us the ultimate freedom - the power to choose. We can craft our careers on our own terms, chase what truly sets our souls on fire, and live life according to our own rules. As a remote worker or freelancer, you're not just working for a living; you're living for your work. It's a feeling of empowerment and fulfillment that's hard to match.
If you're ready to take control of your career and your life, join us at Urban Hideout! Follow us on social media for more inspiration, tips, and tricks on making the most of your remote and nomad journey. We promise we'll keep it interesting.