Nowadays, Internet access and a laptop or computer are all the tools one may require to work from anywhere other than the office. The paradigm shift continues to impact employees and employers alike – and while certain companies are yet attempting to return their entire workforce to the office, many are embracing the ‘new normal’ and implementing beneficial strategies for both parties.
Amongst this ‘new-age’ employees demographic, a Forbes article has noted that people between ages 24 and 35 are the likeliest to opt for remote working. Within that demographic, a staggering 39% have already begun working remotely full-time, while 25% do so part time.
However, this model has been criticized and in certain cases, outright opposed by certain CEOs and companies. Upon acquiring Twitter, Elon Musk mandated a minimum of 40-hours-per-week in the office – much to the anger of many employees. Goldman Sachs is noted to have carried out a particularly strict crackdown on remote workers in 2023, demanding employees to return to the 9-5 office grind. Companies such as Apple, Amazon – even Zoom, are not to be left behind, as they continue to ‘encourage’ employees to ditch their home for the cubicle – at least a few days of the work week.
Even so, there is no foreseeable end to the work-from-anywhere phenomenon. And as long as the demand remains, there will be multiple avenues for professionals to choose from.
Digital Nomads: Merriam-Webster defines a digital nomad as “someone who performs their occupation entirely over the Internet while travelling.” Distinctively opposing the traditional 9-to-5 model, digital nomads may take work calls while travelling in another state, even country. Yes, many of them have a degree and hard skills. And yes, their hours are more flexible, their work is entirely remote (obviously) and their work view is probably more intriguing than an office floor.
According to a research paper by MBO Partners, the number of digital nomads in the US was approximately 7.3 million in 2019. In 2021, the figure jumped to 15.5 million. In these statistics, IT workers comprised 19% of the digital nomad population – representing the majority. The study also shared that sectors such as creative services and accounting had less representation.
Come 2023, a Forbes report investigated the top industries for digital nomads – which includes:
- Computers & IT
- Marketing
- Accounting & Finance
- Project Management
- Medical & Health
- HR & Recruiting
- Customer Service
Witnessing their rising numbers, organizations across sectors have begun providing services to facilitate their journey. From companies promoting fully remote job roles to Airbnb providing digital nomad-friendly spaces and communities, the world is offering a new mode of life (and work) to digital nomads.
Portfolio Careers: Have multiple talents and wish to dabble in multiple projects? You might be building your portfolio career! A work style that combines multiple streams of income, portfolio careers often integrate full or part-time employment, freelancing or consultancy. To professionals, it is the epitome of freedom and self-management; as they decide when to work, how much to work and whom to work with.
Portfolio careers not only allow professionals to pursue their passions but also enjoy flexibility at work and an elevated sense of financial security due to multiple income streams. Undoubtedly, this avenue also hosts hurdles such as a lack of benefits (e.g. health insurance, paid time off), instances of a skewed work-life balance, and a serious test of one’s time management.
At the end of the day, one must weigh their options and plan in advance if they decide to pursue this avenue.
E-Commerce and Home Businesses: E-commerce giants and online marketplaces, coupled with accessible technology have paved the path for home-grown businesses to make their mark. This has also made entrepreneurship a more inclusive term and venture – as people can monetize their skills and passions without bearing the costs of a physical store, and with a personalized work environment that caters to their needs.
Shows such as Shark Tank India are a shining example of how parents, siblings, friends and business partners have developed homegrown businesses and achieved both financial and social success despite the many challenges an entrepreneur faces.
A prime example of this is JhaJi’s Pickles – a business run by 2 sisters-in-law from a town in Bihar, India. The brand not only sells myriad pickle varieties but also promotes small-scale farmers and traders and donates 2% of its revenues towards girl child education.
While the challenges are numerous, perseverance, dedication along with the Internet have impacted the lives of thousands – from both urban cities and rural regions.
Co-Working Spaces: Taking notice of Generation Flex – demographics wherein individuals seek flexible living and working arrangements – organizations have innovated a rather interesting solution: co-working spaces.
Co-working spaces provide a solution for individuals and organizations to share a collaborative space without the traditional office setting. These spaces foster creativity networking and collaboration amongst independent professionals, startups and small businesses.
Prominent brands such as Regus and WeWork have set up multiple co-working spaces globally – featuring the trappings of modern workplaces (ergonomic chairs, vivid interiors, the beloved coffee machine) and providing opportunities for professionals to work flexibly while fostering a sense of community.