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Remote job opportunities are drying up but workers want flexibility more than ever, says LinkedIn study

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Woman freelancer sitting on armchair and putting your feet on windowsill with plants, remote works on laptop computer at sunny home office, cat nearby wants attention and to be stroked.
  • The variety of out there distant and versatile job choices is declining, in accordance with a brand new study from LinkedIn. 
  • Remote jobs dropped to 14% of all listings in September, down from a peak of 20% in February.
  • The drop comes as demand for distant and versatile jobs is rising, LinkedIn reported. 

Many workplace workers have welcomed the flexibility of distant and hybrid working choices, but these jobs could also be drying up, a brand new study exhibits. 

According to LinkedIn’s October 2022 Global Talent Trends report, employers are scaling again distant choices in anticipation of an financial downturn, at the same time as flexibility stays a high precedence for job seekers. After job openings with distant choices peaked in February at 20% of all listings, they dropped to 14% in September, which is the newest statistic, LinkedIn information exhibits. 

These modifications come as hiring begins to gradual, coming off record-high development in 2021, in accordance with LinkedIn. In the US, hiring charges dropped 13% in September 2022 versus the identical time the 12 months prior. The shifts additionally observe an increase in mandates for workers to return to the office at corporations like Amazon, Apple, and Google, creating rifts in their workforces

“This year we are seeing a slower pace of growth, as the economy comes back down to earth after a meteoric rise last year in one of the fastest recoveries we have ever seen,” LinkedIn chief economist Karin Kimbrough stated within the report. 

She continued: “Nevertheless, labor-market dynamics remain tight. So, in many ways, employees still hold the power to demand more from their employers when it comes to salary, flexibility, and benefits. But this power balance is likely to start leveling out in the coming months.”

Flexibility was listed because the third most essential precedence to candidates, after compensation and stability, in accordance with a LinkedIn survey carried out in August 2022. The information additional discovered that the US leads the distant work pattern globally, adopted by the UK, Germany, and India, primarily based on variety of candidates for remote-friendly jobs. 

Even with a shrinking variety of distant jobs, Jennifer Shapley — LinkedIn’s vp of world expertise acquisition — stated she anticipates job flexibility will stay a serious precedence for candidates.

“Even facing an uncertain future, people still highly value two areas of work life that have gotten a lot of attention since the start of the pandemic: work-life balance, and flexible-work arrangements – including remote work. I expect those two attributes to remain top talent drivers for years to come,” Shapley stated within the report. 

According to the report, demand for versatile work choices continues to extend at the same time as availability declines. LinkedIn’s information exhibits that throughout the February peak, distant job postings attracted 50% of all functions — by September, as availability began to drop, that share elevated to 52%. 

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