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“Can You Hear Me Now?”: How WFH Transformed Labor Markets

Source: https://www.reveliolabs.com/news/macro/can-you-hear-me-now-how-wfh-transformed-labor-markets/

At the onset of the pandemic, working from home became the new reality. At a time when more and more employers are reopening their offices and asking their employees to go back to in-person work, we are looking at how remote job postings evolved and how it transformed the labor markets.

In early 2020, the share of remote job postings quickly increased during the initial lockdowns. More interestingly, however, the trend has since continued upwards —the share of job postings that mention “remote” has increased from 1-2% pre-pandemic to 8-9% today.

But not all job postings are created equal. As we track the posted salaries of in-person and remote positions, we see that the difference in average salaries is rising, reflecting that higher paying jobs are more likely to go remote.

In order to understand the dynamics behind this, we next look at the industries and occupations that have the highest increases in shares of remote job postings.

Unsurprisingly, the Computer Software industry experienced the biggest transition from in person to remote positions, with an impressive 700% increase between early 2020 and now.

MDs seeing an increase in the share of remote work reflects the transition towards telehealth. Most occupations that shifted towards work-from-home are high paying jobs, which might explain the growing salary differential between remote and in-person positions.

Key Takeaways:

  • The share of remote job postings has grown steadily since March 2020 from 1-2% to 8-9%.
  • Remote job postings are more common for higher paying positions.
  • The Computer Software industry saw the biggest transition to working from home. MDs top the list of occupations transitioning to remote with the rise in telehealth.

To learn more about the data behind this article and what Revelio Labs has to offer, visit https://www.reveliolabs.com/.

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ETR is a primary technology market research firm, capturing real-time evaluations and spending intentions from thousands of enterprise-leading technologists.

For almost 10 years, Global 2000 corporations have trusted ETR’s proprietary technology research to capture real-time market activity. ETR produces market research through standardized surveys and round table discussions, not analyst opinions – our data driven approach quantifies the narrative driving the technology landscape. Marketing, Investor Relations, Corporate Strategy and Corporate Venture Capital teams no longer need to rely on anecdotal evidence to make business decisions. Vendors covered in our surveys gain mindshare among global IT leadership & gain key insights into navigating their competitive landscapes.

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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

ETR Research

ETR is a primary technology market research firm, capturing real-time evaluations and spending intentions from thousands of enterprise-leading technologists.

For almost 10 years, Global 2000 corporations have trusted ETR’s proprietary technology research to capture real-time market activity. ETR produces market research through standardized surveys and round table discussions, not analyst opinions – our data driven approach quantifies the narrative driving the technology landscape. Marketing, Investor Relations, Corporate Strategy and Corporate Venture Capital teams no longer need to rely on anecdotal evidence to make business decisions. Vendors covered in our surveys gain mindshare among global IT leadership & gain key insights into navigating their competitive landscapes.