MONEY & LIFE

Remote Work Is Going Global

By: James Flippin · April 26, 2023 · Reading Time: 3 minutes

WFH Holds Out

During the pandemic, remote work became a necessity for many employees.Though COVID restrictions have since lifted, many companies have been largely unsuccessful in getting employees to return to the office. As of January, average office occupancy remained below 50% in the 10 biggest cities across the US.

Some companies have decided to stop fighting remote work and embrace it instead — even if it means stretching the limits of just how remotely they’re reaching.

Remote Reaches

Since remote work has become the norm, companies are increasingly looking to outsource jobs to overseas countries in hopes of finding cheaper labor.

According to a recent survey, 7.3% of US senior managers plan to move more jobs abroad. In particular, they’re looking for foreign workers to fill service support jobs, such as those in human resources, payroll, and software. Experts predict that anywhere from 10 to 20% of these jobs will be overseas in the next decade.

Managing the Transition

For many American workers, the natural reaction to such data may be concerns over what it says about the state of the US economy or your own job security. But don’t panic. Shifting a large percentage of the workforce to another country is easier said than done.

To make such a transition work, employers would need to develop entirely new IT infrastructures and processes. These could potentially take years to perfect. During that time, they’d also need to maintain open communication and trust with existing employees, so as not to alienate them.

On the other hand, if global remote work does become the norm, it could well open up more opportunities for all workers. To major Asian or European companies, Americans are the overseas workforce — and a talented, productive one at that. So if the trend does continue, in a few years you might be the one leaving your job for your own remote journey.

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