Vaquancy has a network with more than 3.000 Candidates in Tech Professions. Upon their selection to join Vaquancy Network, they are first asked the following question:
“What is the type of working environment you are looking for?
The vast majority of them (62%) choose the “remote” option, the second option (26%) is “hybrid” and the last option (12%) is on-site.
The conclusion is very clear. Nevertheless, the most interesting part is the reason. Check below some of the factors that render remote work the number one option for work.
Factor #1: Higher Salaries
Remote work gives tech candidates the chance to work for countries with much bigger compensation packages.
For example, a Greek Data Analyst who is not willing to relocate has the following options; Option a: on-site working in a company located in Greece, Option b: remote work for a company located anywhere in the world (Greece included) and Option c: work for a Greek company in hybrid positions.
Option a usually comes with a salary range that matches approximately the average salary in Greece. The average annual salary for a Data Analyst Role in Greece is €16.214.22, according to Payscale (https://www.payscale.com/research/GR/Job=Data_Analyst/Salary). Therefore, candidate usually expect this salary range for on-site or hybrid jobs. Of course, there are bright exceptions to this rule. However, most candidates approach the matter having in mind an average salary for the position they are looking for.
Option b increases the variety of companies targeted and widens the spectrum of salary range. In this scenario, the Greek Data Analyst could work for a US based company where the average annual salary is $63,442 (https://www.payscale.com/research/US/Job=Data_Analyst/Salary) or a Germany-based company where the average annual salary is €46,744 (https://www.payscale.com/research/DE/Job=Data_Analyst/Salary).
Factor #2: Wellness
For many job seekers, remote work is a synonym to wellness. Remote gives them the opportunity to avoid traffic, transfer expenses and general discomfort. According to them, remote work provides with flexibility. Some candidates state that even the dress code is also a discouraging factor for on-site working. Finally, business hours in remote work are said to be more flexible and depend on deliverables rather than having to stay at the office until the shift is completed. Remote does not mean working less but it means working smarter and in more flexible terms.
Factor #3: International Experience
Many tech talents are thrilled to gain some international experience, working for cutting edge industries. In that way, they often experience an alternative way of working, with different tools and new technologies. This experience will provide them with the necessary equipment to develop professionally and upgrade their skills and competencies.
Regardless of the reasons why Tech candidates prefer to work in a remote environment, it is a fact that their preferences defines the companies’ attitude toward recruitment and personnel management. Remote has plenty of advantages for the companies as well. We will dive into this parameter in a different article. Of course, personal wellness and development do not have the same interpretation for everyone. Selecting a work environment is a personal choice and companies have to adjust to each one of them to guarantee employee wellness and happiness.