Key Highlights

  • New CNBC/SurveyMonkey Q2 2020 Workforce Survey shows +25% of tech sector workers would prefer permanent remote work
  • Twitter and Square employees, according to owner Jack Dorsey, can work remotely “forever”
  • Google and Facebook allowing employees to work remotely through end of 2020
  • Does remote working work for everyone?

Silicon Valley tech companies such as Microsoft (gave us email), Slack (gave us instant messaging) and Zoom (gave us video conferencing) have enabled us to productively work at home during the COVID-19 pandemic and its shelter-in-place safety orders.

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The results of working remotely?

  • The latest SurveyMonkey Q2 2020 Workforce Survey tells us that 48% of ALL workers have been able to perform their job while working remotely
  • This same survey indicates that remote workers feel higher levels of job satisfaction than onsite workers.
  • This same survey indicates that 83% of tech workers have been able to work remotely during the COVID pandemic.
  • 27% of tech workers would like to work from home ALL the time
  • 36% of tech workers would like to work from home MORE often than they used to.
  • Just 5% of tech workers would prefer working remotely LESS than they had.
  • 2% of tech workers would like to NEVER work remotely again.

Supporting this latest research, a Wall Street Journal/SurveyMonkey poll done in March prior to any shelter-in-place mandatory orders indicated that 62% of tech workers indicated that working from home was “very possible,” the highest pro-remote working percentage of any industry segment.

Possible ramifications for tech sector workers working remotely?

  • Tech companies could hire tech workers who live anywhere.
  • Competition for top jobs and top talent could be more bruising than it currently is.
  • Top tech companies may consolidate top talent
  • Salaries among tech workers, now with 44% earning six-figure incomes, may decrease.
  • Tech workers may choose different “home” options to accommodate remote working

Does remote working for “knowledge workers” work? According to the CNBC/SurveyMonkey Q2 2020 Workforce Survey, 85% of consulting and research workers, 84% of insurance workers, 73% of advertising and marketing workers, 70% of finance and financial services workers, and 68% of legal workers have been working remotely during the COVID pandemic. Most of these workers would prefer to continue working remotely either all the time or more than they did before COVID even when it becomes “safe” to “go back” to work.

What sectors of employment are less/not successful/possible when working remotely?

  • Jobs that rely on one-to-one, in-person interactions such as teachers, counselors, and social workers
  • Service jobs in the food and beverage industry, retail jobs, tourism jobs and personal services jobs such as hair and nail shops/salons, and transportation jobs such as drivers.
  • Factory jobs in food processing and energy production
  • Essential jobs in health care and/or emergency services, mail delivery, and grocery store staffing.

There are many additional aspects of this CNBC/SurveyMonkey Q2 2020 Workforce Survey worth exploring but for now, remote working translates into disruption in all employment sectors and in all societal elements that enable remote work such as education, infrastructure, technology, architecture, transportation, you name it. We’ll cover the limitless elements of this disruption as we go.

(Keep your eyes peeled on these remote worker sectors, agents.  They may want/need different homes.)

Thanks to CNBC, The New York Times, Barons.

Also read: Silicon Valley’s Newest Rival – The Hudson in NYC, SmartStay Tech Growing Short-Term Rental Ecosystem, Two-Thirds Anticipate 6 Months for “Normal” to Return

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