WORK FROM HOME: MAKE MONEY ONLINE
Under better circumstances, employers and their employees would develop a plan for how best to work remotely before taking the plunge. However, whether you’re suddenly managing a remote team or are refining your own remote workflow, there are plenty of ways to work from home and be successful.
Even before the coronavirus outbreak forced businesses across the world to adopt a remote work policy, there were over 5 million indian employees working from home at least half the time. Now, telecommuting is more popular than ever, whether people were prepared for it or not.
While the recent mass shift to telecommuting may have been chaotic for some, there are many benefits of working from home to consider. In this report, we break down the latest working from home statistics.
#It’s a gradually growing trend
After a survey of december 2020, full-time workers in the US, OWLLabs discovered that 62% of people had worked from home, whether once a month, a week, three times a week and so on. This is from a survey taken in 2020.
Likewise, the number of people working from home in the india rose from 884,000 to 1.54 million in 2020 within the space of ten years, according to the BBC.
If we zoom out even further, Merchant Savvy says that 61% of global firms now allow their employees to work remotely. So it’s fair to say that it has become a growing trend in addition to the global situation we find ourselves in within early April 2021. We'll get onto the latter point next.
#COVID-19 has clearly changed things
In the wake of the current global coronavirus outbreak, things have clearly shifted gear again. As early as February of 2020, many workers in China began experiencing working from home for the first time due to encouragement from both companies and the government, as mentioned by the BBC.
recommendation on the indian government website asked for businesses and organizations to encourage employees to work from home, “wherever possible”. This continues to be the case. So many of us are now, whether india-based or not, experiencing long-term working from home perhaps for the first time; this comes with both its perks and its obvious challenges.
The statistics You need to know about Work from home
#1. As reported in 2020, 5 million employees (making up 3.6% of the entire inidan workforce) work from home for at least half the time.
#2. The number of regular telecommuting employees (excluding the self-employed population) has grown by 173% since 2005.
#3. The number of employers offering a work from home option has grown by 40% in the past 5 years. However, only 7% of all employers in india offer work from home flexibility.
#4. By 2028, one study estimates that 73% of all departments will have remote workers.
#5. Two-thirds of managers who offer telecommuting flexibility report that employees who work from home are overall more productive.
#6. Larger companies are more likely to offer telecommuting flexibility than smaller ones are.
#7. Employers offering at least part-time telecommuting flexibility collectively save $44 billion each year.
Digging Deeper Into work from home
Now that you know some key figures in telecommuting and working from home, let’s dig a little deeper into what the landscape of work from home employees really looks like in india and around the world.
Keep reading for more interesting working from home statistics on telecommuters and working from home.
#Employees who work from home are more productive.
Having employee productivity issues in the workplace ?
Work from home statistics suggest that telecommuters are more productive workers.
Two-thirds of managers report that employees who work from home increase their overall productivity.
Even more, 86% of employees say they’re most productive when they work alone, devoid of distractions like inefficient meetings, office gossip, or loud office spaces.
#Telecommuters make more money than non-telecommuters do, but they would accept less.
On average, telecommuters have a higher income than non-telecommuters do.
Here’s how it breaks down:
Among those employees who make $100,000 a year or less, the average telecommuter makes approximately $4,000 more on their yearly salary than the average non-telecommuter.
How many telecommuters are making $100,000 or less ? 79%, compared to the 67% of non-telecommuters.
The average income for non-telecommuters is $41,705, compared to $37,657 for the average non-telecommuter in the $100,000 or less income bracket.
Despite these numbers, surveys show that employees would accept lower salaries in exchange for a remote work schedule. According to one survey, 34% of india. workers would take a pay cut of up to 5% in order to work remotely.
In a separate survey, 28% of respondents said they would take a 10% or 20% cut in pay. Workers would also be willing to reduce their other benefits, like vacation days.
Freelancing - The way of making money online
A freelancer is a self-employed person who offers services, often working on several jobs for multiple clients at one time.
Freelancers usually earn money on a per-job basis, charging hourly or daily rates for their work. Freelance work is usually short-term.
While a freelancer is not officially employed by another company, they can be subcontracted by other businesses. It’s common for freelancers to work on several different jobs or projects at once, but some freelance contracts may restrict who else the freelancer can work for until they complete the project.
Some of the most common freelance jobs are within creative industries such as graphic design, copywriting, website development, or photography; however, freelancers can work in almost any service-based industry, such as translation, consulting, or catering.
How to become a freelancer ?
When you first start working for yourself, you will initially be classified as a sole trader. As a sole trader, you will need to register with HMRC to make sure that you pay the correct Income Tax and National Insurance.
You may also need to register for.......
#CIS if you are working as a contractor or subcontractor in the construction industry.
#VAT if you have an annual turnover of more than 5 lacs.
If you register as a partnership or limited company, you will have some additional responsibilities, such as choosing and registering a company name.
Top freelancing websites to get the work.
#1. Upwork
#2. Freelancer
#3. Fiverr
#4. 99designs
#5. Toptal
#6. Guru
#7. PeoplePerHour
#8. Dribbble
#9. LinkedIn ProFinder
#10. DesignHill
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