Globally, the latest figures show that an estimated 70% of people now work remotely at least once per week. Another 53% are said to work location independent at least half of the week. With each year that passes, more individuals and businesses than ever before are transitioning to full-time remote work roles. When it comes to finding the best workers for a company, one of the top incentives to provide is a healthy work-life balance. Alongside this, pay is still of top importance for nearly all job seekers. As both the number of remote positions and total wages continue to increase, there will be even greater competition for work-from-home roles. Explore what recruiters are now offering remote workers in terms of pay in 2019.
Currently, about 35.4% of the world’s remote workers live in Europe (the highest of any continent). This should come as no surprise, as 51% of all companies that hire remote workers are located in European countries. With such a booming market for location independent positions, it is crucial to know how much remote job seekers are being offered in terms of salary. In early 2019, the global average across industries equates to approximately £15.57/hour (as reported by Remote-How). However, this average does not show much, since wages are so heavily dependent on geographical location and the type of work performed.
Depending on the job role one seeks, and how many hours an individual wants to work, pay can vary significantly. For example, stay-at-home mothers who want to work remotely can pick up part-time remote positions, such as being a virtual assistant, customer service representative, or a bookkeeper. These positions typically offer the highest level of flexibility (which is necessary for mums) and provide a wage around the previously stated global average. However, for those looking to work full-time in their chosen career field, remote workers can make a great deal of money. As another example, remote managers, writers, IT, and legal professionals can earn anywhere between £18 per hour all the way up to £50 per hour. The actual pay that recruiters are offering remote workers depends largely on the company’s budget, the experience level of the candidates, and the actual work that needs to be performed.
While many remote positions still do not include a benefits package, more companies are starting to offer their virtual workforce traditional job perks. Benefits such as paid time off, childcare, productivity tools, and health & wellness resources are now being extended to remote employees. As more and more organisations shift from standard offices to virtual workplaces, it will soon become essential for companies to offer all workers (remote and in-person) the benefits they most desire.
As 2019 starts to wrap up, one thing should be clear for all recruiters: Remote work opportunities are continuing to increase, and pay is also on the rise. In order to keep top-tier individuals working at an organisation, it will be increasingly important for businesses to evaluate how they pay their remote staff, and make changes to keep up with the rest of the world.
Author: Lucy Wyndham
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