According to data obtained by The Post, New York City firms offered nearly quadruple the number of remote jobs to new applicants in the previous year.
“And this is just the beginning,” said Kathryn Wylde, CEO of the NYC Partnership, whose business group examined data compiled by the numbers firm Emsi Burning Glass.
Administrative, information and financial services were the key industries with the greatest increase in virtual-work offers during the coronavirus pandemic.
In early 2020, there were 6,700 out of 163,000 city job postings that could be filled by remote workers, accounting for 4% of the total.
By December of this year, there were 25,800 job postings for the same job out of 243,000, representing 10.6 percent of all job postings.
Wylde pointed out that virtual jobs “allow the employee to work from anywhere in the world,” causing a seismic shift in the city’s business district, culture, and society as a whole.
Fewer in-person workers in Manhattan’s Downtown and Midtown business districts mean less foot traffic for the area’s eateries and pubs, potentially resulting in job losses and firm closures.
Kathryn Wylde, CEO of the NYC Partnership, believes that the work-from-home trend in New York City will not reverse.
Fewer people would use public transportation to get to Manhattan, and remote workers living elsewhere could cost the city and state treasuries hundreds of millions of dollars in tax revenue, according to a city audit.
Wylde expressed concern that the rise of the remote option would make it easier for New York’s wealthiest residents — those who pay the highest tax rates to fund government services in the high-cost city — to flee the city. Such a threat will necessitate more business-friendly policies from City Hall and Albany.
Because of the lingering pandemic, there has already been a significant shift in the current workforce.
According to a November poll conducted by the partnership, only 28 percent of Manhattan workers were back at their desks on an average workday, and the majority were still working remotely 18 months into the pandemic.
Employees are also not eager to return to their desks.
According to a recent national survey conducted by Morning Consult, 55 percent of respondents teleworking from home said they would consider quitting their jobs if they were forced to return to their office desks before they felt safe.
On the plus side, one study discovered that COVID-induced at-home setups saved New Yorkers thousands of dollars in commuting and other daily expenses.
“This is a big cultural shift, and I don’t see it going back,” Wylde said of the work-from-home trend.
“It will necessitate the repurposing of retail and older office space for housing and other uses.” It will also necessitate a rethinking of transit and city services, as long-standing commuter patterns will change.”
According to national studies, large tech firms are leading the charge in hiring stay-at-home workers, mirroring the Big Apple trend.
According to surveys and studies conducted by job-tracking firms, 36 million to 41 million Americans will be working remotely by 2025, more than doubling the 16.8 million at-home workers employed prior to the implementation of COVID-19.
Managers make up one of the six people working remotely.
According to a study conducted for the National Bureau of Economic Research, 37 percent of jobs in the United States could be done entirely from home. White-collar jobs typically pay more than non-remote jobs and account for nearly half of all US wages.
The majority of jobs in finance, corporate management, and professional and scientific services could be done from home. According to the analysis, very few jobs in agriculture, hotels and restaurants, or retail could be because they require interacting with customers.
“COVID compelled the rest of the world to become more remote-friendly.” According to an Epsi analysis of the workforce from April 2018 to January 2021, “hiring was no exception.”
“To put it simply, the competition for talent is no longer limited by proximity,” Epsi said. “When we examine the posting activity of the ‘big dogs’ (think Amazon, Apple, Google, and so on), we see that they are now advertising to and swooping up talent from smaller markets.” The demand from these larger companies for remote, entry-level workers casts a wide (and competitive) net.”
According to Indeed Hiring Lab, the popularity of remote work is “one of the pandemic’s most dramatic effects — and may be one of its most long-lasting.”
According to the Indeed report, “remote work has the potential to boost productivity and flexibility.” “It broadens opportunities for job seekers and broadens candidate pools for recruiters.” At the same time, it may exacerbate labour market inequities and, in some cases, reduce productivity.”
Indeed job postings are now more than twice as likely to mention remote work as they were before the pandemic.
“While remote work remains unfeasible in many areas, such as food service and beauty & wellness, it has increased dramatically in sectors where it was previously uncommon, such as therapy, finance, and law,” according to the job-posting site.
Indeed reported an increase in remote job postings for positions in IT/Help, software development, banking and finance, arts and entertainment, and education and instruction.
According to Goodhire, a company that conducts background checks for businesses, lockdowns during the pandemic that forced people to work from home have significantly shifted Americans’ perception of remote employment as an option.
According to a Goodhire survey of 3,500 American workers conducted last year, “remote work is definitely preferred — and it’s not even close.”
According to the survey, an astounding 85 percent of Americans prefer to apply for jobs that clearly offer remote working or hybrid options, rather than jobs that require full-time, in-office work.
Six in ten respondents said they would take a pay cut or relocate to a new city to work remotely in any capacity.
The vast majority of respondents believe that companies that do not provide remote working options will lose key talent and struggle to attract new hires.
More concerning for those who are resistant to change, nearly 30% of respondents said they would “absolutely” not consider applying for a job that required them to be in the office five days per week.
“We now know that companies are clearly excluding nearly one-third of the available applicant pool by not offering remote working opportunities.” “Amazing, yes,” the report said.
But there is a silver lining for New York.
When asked where they would prefer to live, people named New York City, Los Angeles, Chicago, Houston, Phoenix, and Philadelphia as possible locations for remote-job opportunities.
“One thing is certain: if workers are willing to take pay cuts or even quit their jobs in order to maintain a remote lifestyle, employers will have to adjust quickly,” Goodhire said.