Let’s Mint Money 21st Century Style: Work from Home

My friend and I were having a discussion last week on how to earn and live better without compromising on the ‘fun’ element. While I work at an MNC for a 9-to-5 job which pays well, she is a housewife who aspires to create and do something of her own from home. It was during that discussion that I realized the lure of working from home was not only exciting but also rewarding.

For starters, we live in a digital world and there is no better time to work from home. 77% of the people feel more productive when they are working from home rather than from a confined office space.

Recruiters are now increasingly looking for resources who could complete assignments from remote locations. All you need is a laptop, a working internet connection, some basic skills and lots of can-do attitude and voila! You are good for life.

Home based jobs give better opportunities to a person to manage their work and personal commitments and this kind of flexibility leads to far lesser trade offs and conflicts being made.

Evolution of work from home has seen an increase in women employees: in 2016, it was estimated that lack of flexible work for stay-at-home mums was costing London up to £16bn in lost economic activity every year!

Since then several policies surrounding parental leave, flexi working hours and work from home options have been made available to empower women to work and contribute without having to compromise on their home management.Work From Home Quotes

According to Nomadlist.com Budapest, Barcelona and Chiang Mai are the top 3 cities where people choose to work remotely from (an excellent choice for combining leisure with work).

Several Fortune 500 companies like Dell, Coca-Cola, American Express and Amazon are leading the way and thriving by allowing their employees to work remotely. In fact by occupation- it is the service sector which is offering the most conducive opportunities for work from home followed by management/financial/business sector and office/administrative support.

Within US, there was a 79.7% growth in remote workers between 2005 and 2012. Talking of the futuristic era, at a recent survey of business leaders at the Global Leadership Summit in London- 34% of the executives said more than half their company’s full time workforce would be working remotely by 2020.

The next question automatically is- what jobs can be done from home? We have compiled a list of jobs which are well-suited under work from home option- mind you! This is not an exhaustive list but rather seeks to give you an idea of industries where remote jobs are flourishing.

  • Jobs in customer service industry are offering widely available work from home options. Great thing about customer service is- it will always be around and it will always be needed. Clients will need assistance regarding their shipments so if you are a people’s person, have good communication skills and a flare for assisting others- then work from CS support jobs can be an option for you.
  • Companies like Coca-Cola and JetBlue have hired telecommuting customer service reps. Added bonus, if you are bilingual and know multiple languages then it plays to your advantage, makes you more hirable and gets you a better pay check!
  • Event Management and Planning Services is another industry which allows people to engage in working from home with clients, planning well-coordinated, thematic events and parties and increase income steadily as clientele increases.
  • One can start by taking on low-budget events and gradually increasing the threshold. There is always a requirement for event planning services be it for birthdays, anniversaries, weddings, casual get-togethers etc- there is always a reason to celebrate.
  • The need for Childcare Services is expected to increase by 15% from 2008 to 2018 as predicted by Bureau of Labor Statistics. As the concept of working parents flourishes, there is a greater need for affordable and high quality childcare.
  • In recent times, several training institutes have been established to provide dedicated training for professional infant and childcare services however, entering this field may require one to have licenses along with authentic background checks.
  • Get engaged in developing skills for freelancing, blogging, posting self-taught/created videos and writing articles/reviews – be as creative as you can and establish a forum to share thoughts and engage in conversations with people everywhere. You can begin by writing about things you like for example travelogues and reviews on places you visited/stayed at while travelling- it’s all about sharing unique and new experiences.
  • People have initiated dedicated online channels via Youtube or their own blogs for their food passion- be it cooking or eating, health/fitness regime (Yoga, dedicated exercise etc) and beauty tutorials. You need to find a niche which matches your preference and interest and get immersed in writing about it. You can search more on posting and creating content for ‘how to’ videos.
  • Skill and experience based jobs like accountants, consultants and teachers are also riding high on the virtual wave. Top companies like Amazon, Dell, Toyota and Xerox are hiring for such designations with work from home option readily available.
  • Non-technical based jobs are equally gaining momentum. In recent times, concepts like becoming a host for AirBnB and offering pet sitting services (a hit amongst the growing popular of animal lovers) are offering common employment opportunities.
  • Individuals with entrepreneurial and field experience can also sign up as a direct salesperson with cosmetic companies like Mary Kay, jewellery stores like Stella & Dot. The options are not limited to cosmetic and jewelry stores only in fact it spreads to kitchenware, skincare, personal care, household stores etc. Unlimited choices are available over internet- just search based on your interest and experience.
  • Jobs like a virtual assistant and transcriptionist (translating audio into words/statements) may or may not require prior experience and are well suited for people with good organizing, basic computer operating and multi-tasking skills.
  • You can also become an online survey-taker. Companies like DarwinsData.com, PaidViewpoint.com amongst others will contact you if you fit in the demographic criteria to take an online survey and give your opinion, preference, review a product, entail habit/patterns etc in return for a paid amount (it depends on how long it takes to get the survey done).
  • Website tester or Search Engine Evaluator– companies like Yahoo and Google actively pay people to review and provide them feedback on how closely the search engine returned the results based on the information they were searching for. It helps them streamline results to the closest and more relevant matches for buckets/categories of information.
  • Similarly you can sign up with sites like Usertesting.com, Userlytics.com among others to register for testing websites, identifying glitches, bugs and suggesting improvements.

benefits-of-telecommuting

For the merits of:

  • Higher productivity (77% more).
  • Increased employee engagement (24% of employees who are given a flexible work from home option are willing to invest more time and stretch to get work done).
  • Enhanced work efficiency (30% of employees who work remotely accomplish task in a lesser time compared to those working from office) – this could translate into savings as high as $11000/year!
  • Better work life balance (53% less stress, 52% less time off from work and 51% increase in time spent with significant others).
  • Greater satisfaction (more than 40% employees reported a better, more fulfilled and healthy lifestyle).
  • Controlled employee churn (job attrition rates fell by over 50% for companies that offered remote work option based on a report published by Stanford University), higher retention and highly engaged working staff.
  • Greater earnings for work from home employees: over 75% of employees who work remotely earn more than $65000 per year

Work from home is an option definitely worth considering and switching to!



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Let’s Mint Money 21st Century Style: Work from Home

My friend and I were having a discussion last week on how to earn and live better without compromising on the ‘fun’ element. While I work at an MNC for a 9-to-5 job which pays well, she is a housewife who aspires to create and do something of her own from home. It was during that discussion that I realized the lure of working from home was not only exciting but also rewarding.

For starters, we live in a digital world and there is no better time to work from home. 77% of the people feel more productive when they are working from home rather than from a confined office space.

Recruiters are now increasingly looking for resources who could complete assignments from remote locations. All you need is a laptop, a working internet connection, some basic skills and lots of can-do attitude and voila! You are good for life.

Home based jobs give better opportunities to a person to manage their work and personal commitments and this kind of flexibility leads to far lesser trade offs and conflicts being made.

Evolution of work from home has seen an increase in women employees: in 2016, it was estimated that lack of flexible work for stay-at-home mums was costing London up to £16bn in lost economic activity every year!

Since then several policies surrounding parental leave, flexi working hours and work from home options have been made available to empower women to work and contribute without having to compromise on their home management.Work From Home Quotes

According to Nomadlist.com Budapest, Barcelona and Chiang Mai are the top 3 cities where people choose to work remotely from (an excellent choice for combining leisure with work).

Several Fortune 500 companies like Dell, Coca-Cola, American Express and Amazon are leading the way and thriving by allowing their employees to work remotely. In fact by occupation- it is the service sector which is offering the most conducive opportunities for work from home followed by management/financial/business sector and office/administrative support.

Within US, there was a 79.7% growth in remote workers between 2005 and 2012. Talking of the futuristic era, at a recent survey of business leaders at the Global Leadership Summit in London- 34% of the executives said more than half their company’s full time workforce would be working remotely by 2020.

The next question automatically is- what jobs can be done from home? We have compiled a list of jobs which are well-suited under work from home option- mind you! This is not an exhaustive list but rather seeks to give you an idea of industries where remote jobs are flourishing.

  • Jobs in customer service industry are offering widely available work from home options. Great thing about customer service is- it will always be around and it will always be needed. Clients will need assistance regarding their shipments so if you are a people’s person, have good communication skills and a flare for assisting others- then work from CS support jobs can be an option for you.
  • Companies like Coca-Cola and JetBlue have hired telecommuting customer service reps. Added bonus, if you are bilingual and know multiple languages then it plays to your advantage, makes you more hirable and gets you a better pay check!
  • Event Management and Planning Services is another industry which allows people to engage in working from home with clients, planning well-coordinated, thematic events and parties and increase income steadily as clientele increases.
  • One can start by taking on low-budget events and gradually increasing the threshold. There is always a requirement for event planning services be it for birthdays, anniversaries, weddings, casual get-togethers etc- there is always a reason to celebrate.
  • The need for Childcare Services is expected to increase by 15% from 2008 to 2018 as predicted by Bureau of Labor Statistics. As the concept of working parents flourishes, there is a greater need for affordable and high quality childcare.
  • In recent times, several training institutes have been established to provide dedicated training for professional infant and childcare services however, entering this field may require one to have licenses along with authentic background checks.
  • Get engaged in developing skills for freelancing, blogging, posting self-taught/created videos and writing articles/reviews – be as creative as you can and establish a forum to share thoughts and engage in conversations with people everywhere. You can begin by writing about things you like for example travelogues and reviews on places you visited/stayed at while travelling- it’s all about sharing unique and new experiences.
  • People have initiated dedicated online channels via Youtube or their own blogs for their food passion- be it cooking or eating, health/fitness regime (Yoga, dedicated exercise etc) and beauty tutorials. You need to find a niche which matches your preference and interest and get immersed in writing about it. You can search more on posting and creating content for ‘how to’ videos.
  • Skill and experience based jobs like accountants, consultants and teachers are also riding high on the virtual wave. Top companies like Amazon, Dell, Toyota and Xerox are hiring for such designations with work from home option readily available.
  • Non-technical based jobs are equally gaining momentum. In recent times, concepts like becoming a host for AirBnB and offering pet sitting services (a hit amongst the growing popular of animal lovers) are offering common employment opportunities.
  • Individuals with entrepreneurial and field experience can also sign up as a direct salesperson with cosmetic companies like Mary Kay, jewellery stores like Stella & Dot. The options are not limited to cosmetic and jewelry stores only in fact it spreads to kitchenware, skincare, personal care, household stores etc. Unlimited choices are available over internet- just search based on your interest and experience.
  • Jobs like a virtual assistant and transcriptionist (translating audio into words/statements) may or may not require prior experience and are well suited for people with good organizing, basic computer operating and multi-tasking skills.
  • You can also become an online survey-taker. Companies like DarwinsData.com, PaidViewpoint.com amongst others will contact you if you fit in the demographic criteria to take an online survey and give your opinion, preference, review a product, entail habit/patterns etc in return for a paid amount (it depends on how long it takes to get the survey done).
  • Website tester or Search Engine Evaluator– companies like Yahoo and Google actively pay people to review and provide them feedback on how closely the search engine returned the results based on the information they were searching for. It helps them streamline results to the closest and more relevant matches for buckets/categories of information.
  • Similarly you can sign up with sites like Usertesting.com, Userlytics.com among others to register for testing websites, identifying glitches, bugs and suggesting improvements.

benefits-of-telecommuting

For the merits of:

  • Higher productivity (77% more).
  • Increased employee engagement (24% of employees who are given a flexible work from home option are willing to invest more time and stretch to get work done).
  • Enhanced work efficiency (30% of employees who work remotely accomplish task in a lesser time compared to those working from office) – this could translate into savings as high as $11000/year!
  • Better work life balance (53% less stress, 52% less time off from work and 51% increase in time spent with significant others).
  • Greater satisfaction (more than 40% employees reported a better, more fulfilled and healthy lifestyle).
  • Controlled employee churn (job attrition rates fell by over 50% for companies that offered remote work option based on a report published by Stanford University), higher retention and highly engaged working staff.
  • Greater earnings for work from home employees: over 75% of employees who work remotely earn more than $65000 per year

Work from home is an option definitely worth considering and switching to!



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