Alright, so here’s the deal – people want to telecommute. In fact, as many as two-thirds of the workforce population want to give up restrictive office bound jobs and take on more flexible home-based job positions. What’s holding them back? One reason may be they are weary of the financial implications of becoming a remote employee. But should they be?
According to recent statistics, 36% of employees say that they would choose a work from home option over a pay raise. The general feeling is that working from home comes at a price – a lower price – but these figures suggest that people are willing to work from home even if it means less cash at the end of the month. That’s because the flexibility and other benefits provided by these jobs are so important to us. But do home based jobs honestly pay less? Before we answer that first think about these factors:
1. Consider What An Office Job Costs
It costs money to work a traditional job and truth be told it can be pretty expensive when you start adding up those receipts. Just think about the cash you spend every month on things like corporate clothing, fast food and eating out, transport or car costs, childcare, and other necessities. Even rent or housing costs could become a big factor if you need to live in an expensive city in order to work at a certain place. On average, telecommuters can save between $2,000 and $7,000 a year according to recent studies. If you subtract the costs of working a traditional job from your current salary you would see that even if you took a pay cut for a remote job (and we’re not saying you have to) you probably wouldn’t even feel it.
2. Consider Your Qualifications
The telecommuting job market is the same as the traditional job market in that you earn according to your skills and your qualifications. There are remote jobs that will earn more than others, especially if you have special and sought after skills.
3. Consider Global Job Opportunities vs. Local Ones
Where you are situated will also have an effect on your earning potential, relative to the average salary in your area. If you are living in a small town and you work as an animator, chances are you won’t find much work to keep you busy. But when you take your skills online suddenly there’s a world of possible income.
Working from home does not mean earning less money, this is a misconception. But it also doesn’t mean you’ll make more money. What you earn is not dependent on where you perform your job, but hinges on a variety of other factors including, but not limited to, those we already discussed.
The bottom line is that earning potential can be greater from home, but that depends on the work you do, the hours you put in, your level of education, and most of all how committed you are. There are things we simply cannot place a cash value on. The benefits and perks offered by remote positions are lures that employees simply cannot resist and when we crunch the numbers we can see that they simply don’t need to!