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The Competitive Market Of Working From Home

The Competitive Market Of Working From Home

August 20, 2022

Work from home searches have increased over 6000% year-on-year with hybrid working/flexibility becoming more important to job seekers than company culture, bonuses, or benefits. 

I’m sure everyone is very aware that work from home, hybrid working, and remote opportunities are all still a very prevalent topic in the media. And although many of us may be bored to tears of reading and hearing about it, it does contribute highly to the landscape of the employment market.  

The pandemic has created a rapid change in our working ways, sped up the increased usage of digital communication, and allowed remote working opportunities to become a practical and real option for many. As such, searching for “work from home jobs available” has seen a year-on-year growth of 425%. 

With the same vacancy have over 400 more applicants because it has remote/hybrid working opportunities, are companies feeling pressured to incorporate hybrid working models to attract talent? 

In the current market, employers who allow for remote working jobs, open the doors to more candidates. Remote opportunities allow employers to source local talent or talent further afield. Remote job postings on LinkedIn alone increased more than five times during the height of the pandemic, signalling that many businesses already understand the value of tapping into larger talent pools and supporting remote workforces.

The same can be said for hybrid models. It doesn’t take much to see that hybrid working and flexible working jobs are the biggest appeal to candidates right now. Companies tapping into this are more likely to secure top-tier talent in a competitive market. 

67% of managers have stated that they are modifying their hiring practices to reflect new remote or hybrid environments. 

Is the current climate increasing the want for at-home jobs? 

With working from home jobs initially beginning with the pandemic, many employers thought it would end there. However, it is clearly here to stay, and the current economic climate is contributing to more demand for remote opportunities.

The last year has seen: 

– 50% increase in “freelance jobs from home”

– 89% increase in “part-time jobs from home”

– 120% increase in “side hustle jobs from home” 

These searches show how the cost of living is impacting income. As most of the workforce now know how to work from home, remote opportunities are an option for some extra income. With vacancies available from call centre jobs from home to data entry jobs from home, why not utilise your skills to earn some extra income? 

Are more people wanting remote work now we are hitting the holidays? 

With many struggling to juggle childcare and work through the school holidays, the arrival of the summer holidays has seen another jump in the demand for remote work. 

Just the last month there was a 100% increase in “remote career opportunities”, a 50% increase in “part-time jobs from home” and “stay-at-home jobs near me” has risen by 267%. 

With candidates looking at “home jobs near me”, it’s clear they still want to be close to the office location but require the flexibility of a hybrid working job. The flexibility this offers opens doors to support childcare through the school holidays and allows employees to take ownership of their workload in a flexible manner. 

Is there miscommunication in working from home between employer and employee? 

More than 51% of managers are confident their employees want to work in the office full-time, whereas in actuality, only 11% of workers would prefer to work in the office full time. 

It appears that employers and employees have a different view on what they want. Is it time to have a chat with your employees/employer to see if flexibility in your workplace is an option? 

Are remote/hybrid models working? 

According to HR Review, more than half of UK managers claim they have seen the most benefit in productivity and profitability since adopting hybrid working models. 

It’s clear the hybrid and remote working trend didn’t end when the height of the pandemic ended. Cost of living, summer holidays, and limited candidate pools are contributing to clients and candidates looking to adopt a more hybrid/remote approach to office life. 

Increased competition for hybrid/remote work 

Competition depends on which side you are sitting. 

Companies adopting a remote model are generating more applications, increasing candidate competition to secure a remote working position. Bluntly put – there are more candidates wanting remote/hybrid work than there are jobs available. Generating increased competition to secure a remote working role. 

On the switch side, companies strictly operating in a 100% office-based model are feeling the pinch of a tight candidate market and won’t receive as many applications. In this scenario, companies may find competitive competition high and your chances of securing a great candidate for your company harder. 

Want to know more on how to recruit in the current market? Contact our expert consultants today and see how we can secure talent for your business.

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