REMOTE WORK BECOMES TECH SECTOR’S NEW NORMAL

More than 24 percent of U.S. tech companies plan to shift their staffs entirely to remote work, a survey by Remote.co and Sapio Research has found.
Almost 75 percent of U.S. tech employees would move out of the U.S. if work permitted, with the majority favoring northern Europe, Canada, or Latin America, the same survey discovered.
Among tech executives, 62 percent said companies need to reach beyond their own geographic regions and even their own countries to hire the best people for their needs.
Logistical challenges to hiring and managing far-flung workers are “at an all-time low” because service companies have sprung up to facilitate hiring abroad, managing employee tax withholdings in various countries, and similar tasks, Kentaro Kawamori, CEO of Persefoni, told Business Insider.
“I’m really revolting against the idea of a centralized HQ,” Robert Vis, CEO of MessageBird, said in an Insider interview, adding that he has “done a complete 180” on the idea of remote work since the pandemic and economic shutdown disrupted usual work patterns. 
The pandemic and shutdown “absolutely changed our approach to hiring,” Kawamori said. “The new normals of a COVID-19-impacted world meant we could lean harder into this model” of hiring and managing a workforce spread across the globe.
TREND FORECAST: The more people who work remotely, the further commercial real estate prices will fall. In turn, businesses and transportation systems that relied on commuters will economically suffer, as will the work force once employed in those sectors.