PSFK

Professional Industries are Shifting to Embrace the Nomad Lifestyle

By PSFK Labs

December 5, 2016

Whether balancing family obligations, feeling under the weather, or itching to play “hookey,” most employees find themselves wanting to work remotely—whether from home or a from new destination—once in a while. For a growing number of professionals, their remote work dreams are achievable: according to the U.S. Census Bureau, remote working has grown by 103% since 2005.

In the recently-launched Nomad Class Debrief, PSFK Labs examines the emerging American trend of remote of remote working, and spotlights the untethered creatives who maintain successful careers and personal lives as they travel around the world. Using statistics from the United States government, Gallup and other sources, PSFK paints a data-driven portrait of the employers and professionals adopting remote work.

Desire For Location Independence

The switch to remote employment is often driven by both employees and their management; for professionals with long commutes or busy family lives, remote work can reduce time spent commuting or time-off requests. For others, remote works offers the opportunity to travel while working—reducing vacation time used. Seventy-nine percent of millennials would consider quitting their current job to freelance, listing the flexibility to travel and freedom to set their own schedules as driving interests.

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Companies Have Started To Quantify The Benefits Of Remote Working

Supplementing employee anecdotes with scientific data, corporations are now able to measure the increased productivity and morale of remote or flexible-location workers. According to the Quarterly Journal of Economics, remote employees are up to 13% more productive, feel less distracted and report higher work satisfaction levels. Improved productivity ultimately improves business performance the economy; freelancers, who traditionally work outside of the office, already contribute over $700 billion to the U.S. economy annually.

There Is An Emerging Macro Shift Toward Nomadic Living

Given employees’ interests in remote working and its productivity-boosting effects, several companies—including IBM, the United States Government, and Automattic (parent company to WordPress)—have transitioned some (or all) employees to remote work. In total, 400% more Americans work remotely in 2015 than did in 1995.

Subsequently, professionals who opt to live and work nomadic lifestyles are feeling more secure in their career choices. Two-thirds of freelancers expect to continue working in this lifestyle for 10+ years.

Images courtesy of Pexels and Startup Stock Photos 

 

This article was written by PSFK Labs from PSFK and was legally licensed through the NewsCred publisher network.