Remote Jobs Can Be Done Anywhere. Why Are They In Expensive Cities?
Jobs that are most suitable to remote work tend to be based out of high-cost areas
As companies transition employees to remote work, we’ve been working hard to help companies better understand the impacts of these changes on their workforce with our suite of prescriptive analytics tools.
By analyzing hundreds of millions of job postings, Revelio Labs has created a suitability to remote work data analytics tool for every position (see our previous post) and have discovered a fascinating trend: jobs that are most suitable to remote work are located in the most expensive cities. Check out the results from our HR data below:
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- IT-centric cities are heavily populated with knowledge workers, which are often most suitable for remote work, our new data analytics tool shows.
- While many jobs can be done remotely, there is still a productivity boost from being surrounded by a network of skilled workers.
- Knowledge workers, who have the benefit of working remotely, may place a higher premium on high-cost city life (entertainment, culture, density of people) than their counterparts who don’t have that same flexibility.
If you have any ideas of other metrics to track or would like to hear more about Revelio Labs HR data and prescriptive analytics tools, please feel free to reach out to us. You can also check out our previous newsletter on tech companies amid the H1B freeze here.