The Global Skills Marketplace
Using Remote Work to Solve the Talent Crisis
The future of remote work is global
Remote work solutions are everywhere, opening up a new world of opportunity for employers finding the talent they need.
When remote work went mainstream all at once in 2020, it fundamentally changed the way people work. Now, at a time when talent is hard to find, the global possibilities of remote work offer a solution.
Employers and workers worldwide have access to the entire global labor market to find their best fits—bringing us closer to the efficiency and opportunity of a labor market that works for everyone.
Worldwide, 153 million people are in roles highly suitable for remote work—but only 18% are currently remote. The potential is enormous.
Every business needs every possible edge in order to succeed in a tight and fast-evolving labor market, and remote work can help provide it.
The growth of remote work is a fundamental shift that will permanently reorient the way businesses look for talent. By understanding, on both a big-picture and a granular level, how this pattern is affecting the labor market today, companies can be better prepared to succeed tomorrow—creating new opportunities in the labor market for everyone.
From Josh Bersin:
"Remote work is a massive trend, and it reflects the larger long-term pattern of globalization. It is now very common for companies of any size to hire engineers in one country, sales teams in customers’ countries, and often have senior leaders elsewhere...there are challenges to remote work, but they aren’t unsurmountable. A deliberate strategy goes a long way, and this is becoming accessible to more and more organizations. I’d say this has gone mainstream."
Occupation Spotlights
High similarity between remote and in-person workers means you can recruit globally for even the most demanding roles.
When you're ready to look internationally for talent, how do you know where to start? By looking at social profiles and salary information, labor market data analysis provides the opportunity to apply granular insight to any occupation, region, and need.
Better Together
By looking at current trends and analyzing wages around the world—as well as seeing north-south alignment to minimize time differences—we can see which regions pair together now, and which have the most potential to pair together moving forward.
From Nick Bloom:
"Before the pandemic, remote work in the US accounted for about 2% of all postings; now, that looks poised to flatten out at about 10%. That’s a huge change, and I would be surprised if we ever see such a dramatic difference in such a short time ever again...Remote work is where we’ll see globalization most clearly in the coming years."
Remote Growth Is Here To Stay
Remote work has become the standard, not the exception.
In the US, employer demand for remote work has increased almost 400% since 2016, with over 3.5 million remote job postings listed in 2022. Postings around the world show a similar pattern, up over 250% since 2019.
Remote work isn't a passing trend, nor is it limited by geography. Its remarkable growth over the past few years marks an impact that will continue to spread across the globe. Access to the global skills marketplace means that every business and every worker can find the best opportunities in the world—and in order to stay ahead of the curve, they'll need to.
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