Report predicts 25% of high-paying jobs will be far away by 2023 – San Bernardino Sun

When the COVID-19 pandemic first broke out in the US, a lot of well-paid employees who were already attached to the office environment suddenly had the luxury of working from home.

The change has allowed workers to avoid commuting, spend more time with family and generally achieve a better work/life balance.

A new report from Ladder, a career website for high-paying jobs, says things are likely to stay that way. In fact, Ladders predicts that 25% of all professional jobs with salaries of $80,000 or more will be out of reach by the end of 2022.

‘Bigger than people think’

Ladders CEO Marc Cenedella said in a statement: “This change in work arrangements cannot be overstated. “As big as it is, it’s even bigger than people think.”

Cenedella calls it “the biggest social change in America since the end of World War Two.”

“It’s a complete economic restructuring,” he said. “It changes everything. Work consumes about half of our waking hours. So when you change where you’re working and how you’re working, it impacts your entire life.”

Ladders researchers have tracked telework readiness from 50,000 of North America’s largest employers – not just those listed on Ladders – since the pandemic began.

Data shows that remote opportunities have skyrocketed from less than 4% of all high-paying jobs before the pandemic to about 9% by the end of 2020 and more than 15% today. With growth expected to remain steady, the report predicts a quarter of all high-paying jobs will be available remotely within 12 months.

Real estate savings

Another study from shows that working remotely can save businesses an average of 32% in real estate costs, although in some cases the savings will be even higher.

In a breakout by industries, the Consultancy report found insurers will save an average of 47% in property costs by 2024. The retail sector is expected to post savings. similarly, while companies involved in financial services will cut costs by 45%. .

“Since the shutdown measures were introduced, organizations have been reviewing their real estate infrastructure and rethinking ownership and leasing strategies,” the study said. “In our survey, 88% of organizations agree they have saved on real estate costs when working remotely in the last three to four months, and 92% expect savings over the next two to three years. “.

Another far-reaching effect

Remote work frees employees from having to live in a big city, so Cenedella expects smaller cities and towns to continue to grow. Cities with attractive lifestyle factors but previously lacking access to good, professional jobs will see significant growth, he said.

“Those cities will see a large influx of well-educated, high-income professionals, which will change their school boards, planning commissions and even their own,” says Cenedella. services provided to residents. “Teleworking at this scale will completely transform some communities.”

The telework model obviously won’t work for some employees, so some businesses have adopted a hybrid approach that allows employees to work from home a few days a week while the rest of the time. Theirs is for the office.

But that prevents workers from considering living areas significantly differently, as they still need to be within commuting distance of the office. It also limits the company’s ability to attract talent from outside the immediate area. Report predicts 25% of high-paying jobs will be far away by 2023 – San Bernardino Sun

Curtis Crabtree

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