From the course: Job Market Basics for Business Leaders

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Education is correlated with remote work

Education is correlated with remote work

From the course: Job Market Basics for Business Leaders

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Education is correlated with remote work

- Some of the biggest expenses companies incur when they hire people is overhead. One of the biggest parts of overhead is rent or other costs incurred for having office space. But a trend in recent years towards remote work presents an opportunity for companies to reduce their overhead even while growing the size of their staff. Most importantly, this presents opportunities to hire people at the greatest levels of education and skill. The reason for this is simple. People who've been working remotely for many years and especially after the COVID-19 pandemic were predominantly people with bachelor's degrees and advanced degrees. That means that the workers that you wish to hire with the most skills and most education were the ones most likely to be remote and those are also the workers, since they have the most education, that are going to be typically the most expensive to hire. But if you're able to save money on your…

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