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Remote Work In The Watch Industry Statistics

Remote work boosts watch-industry productivity, cuts stress and costs, and attracts talent.

Remote work is no longer a perk but a production and people strategy in the watch industry, where statistics show flexible arrangements can boost productivity (54% of employers, 85% of employees), cut costs (59% of employers, 68% of employees), reduce stress (78% of employees, 74% of employers), and help attract and retain talent (80% of employers, 84% of employees), while demand for remote or hybrid work keeps rising across industries and is increasingly reflected in how Swiss watch businesses support their teams.

Rawshot.ai ResearchApril 19, 20269 min read30 verified sources

Executive Summary

Key Takeaways

  • 01

    IWG (Regus) reports that “54% of employers” say flexible work improves productivity

  • 02

    IWG (Regus) states that “85% of employees” believe flexible working makes them more productive

  • 03

    IWG (Regus) reports that “59% of employers” say flexible work reduces costs

  • 04

    Statista (citing Gartner) reports that “47%” of employees want “remote work” as a benefit

  • 05

    Statista reports that “62%” of workers prefer a hybrid model

  • 06

    FlexJobs survey reports “65%” of respondents said remote work is important to them

  • 07

    Gartner survey indicates “82% of company leaders” plan to allow remote work to continue in some form

  • 08

    Gartner survey reports “47%” of employees will likely work remotely all or part of the time

  • 09

    Upwork’s “Future Workforce Report 2024” reports that “over 23 million” Americans are freelancing

  • 10

    Owl Labs 2023 State of Remote Work report indicates “68%” of remote workers report improved work-life balance

  • 11

    Owl Labs reports that “64%” feel more productive working remotely

  • 12

    Owl Labs reports that “51%” report less stress working remotely

  • 13

    Deloitte survey indicates “32%” of organizations believe workforce planning will be a key priority

  • 14

    OECD reports “31%” of workers in some countries can do their job from home

  • 15

    OECD indicates that “12%” of workers actually work from home regularly

Section 01

Employee Outcomes & Satisfaction

  1. Owl Labs 2023 State of Remote Work report indicates “68%” of remote workers report improved work-life balance [1]

  2. Owl Labs reports that “64%” feel more productive working remotely [1]

  3. Owl Labs reports that “51%” report less stress working remotely [1]

  4. Owl Labs reports “63%” believe remote work increases job satisfaction [1]

  5. Owl Labs 2023 indicates “55%” report fewer distractions remotely [1]

  6. Owl Labs reports that “56%” feel they can focus better at home [1]

  7. Microsoft Work Trend Index reports “25%” of employees are worried about career advancement in remote/hybrid work [2]

  8. FlexJobs remote work survey reports “78%” say remote work is beneficial for their mental health [3]

  9. Buffer report indicates “31%” cite work-life balance as primary reason for remote work [4]

  10. Buffer reports “19%” cite saving money as a reason for remote work [4]

  11. Buffer reports “14%” cite flexibility as the main reason [4]

  12. Buffer reports “15%” cite less commuting [4]

Section 02

Employee Preferences & Work Patterns

  1. Statista (citing Gartner) reports that “47%” of employees want “remote work” as a benefit [5]

  2. Statista reports that “62%” of workers prefer a hybrid model [6]

  3. FlexJobs survey reports “65%” of respondents said remote work is important to them [3]

  4. FlexJobs survey reports “71%” of respondents would choose remote work over other benefits [3]

  5. Buffer’s “State of Remote Work” 2023 reports that “98%” of respondents want to continue remote work at least some of the time [4]

  6. Buffer’s “State of Remote Work” 2023 reports “23%” want to work remotely full-time [4]

  7. Buffer’s “State of Remote Work” 2023 reports “55%” want a hybrid arrangement [4]

  8. Buffer’s “State of Remote Work” 2023 reports “24%” are unsure about future work preferences [4]

  9. Global Workplace Analytics says the average workday includes about “2.5 days” working from home per week post-pandemic [7]

  10. Global Workplace Analytics estimates that working from home is “three times as common” as before the pandemic [7]

  11. Global Workplace Analytics reports that “56%” of employees work from home at least some of the time [7]

  12. Global Workplace Analytics estimates “20% to 25%” of the workforce could be in “wfh-compatible” jobs [7]

  13. Microsoft Work Trend Index 2024 reports that “46%” of employees want to work in a hybrid model [2]

  14. Microsoft Work Trend Index 2024 reports that “25%” want to work fully remote [2]

  15. Microsoft Work Trend Index 2024 reports that “29%” want to work on-site only [2]

Section 03

Employer & Productivity Impact

  1. IWG (Regus) reports that “54% of employers” say flexible work improves productivity [8]

  2. IWG (Regus) states that “85% of employees” believe flexible working makes them more productive [8]

  3. IWG (Regus) reports that “59% of employers” say flexible work reduces costs [8]

  4. IWG (Regus) states that “68% of employees” believe flexible working reduces costs [8]

  5. IWG (Regus) indicates that “78% of employees” say flexible working reduces stress [8]

  6. IWG (Regus) reports that “74% of employers” say flexible working reduces employee stress [8]

  7. IWG (Regus) reports that “80% of employers” say flexible working helps attract and retain talent [8]

  8. IWG (Regus) states that “84% of employees” say flexible working helps attract and retain talent [8]

  9. IWG (Regus) reports “61% of employees” believe flexible working improves work-life balance [8]

  10. IWG (Regus) states that “66% of employers” say flexible working improves work-life balance [8]

  11. IWG (Regus) reports that “63% of employees” believe flexible working increases job satisfaction [8]

  12. IWG (Regus) states that “58% of employers” say flexible working increases job satisfaction [8]

  13. IWG (Regus) reports that “72% of employers” say flexible working improves employee engagement [8]

  14. IWG (Regus) states that “76% of employees” say flexible working improves employee engagement [8]

  15. IWG (Regus) reports that “57% of employers” say flexible working improves communication [8]

  16. IWG (Regus) states that “62% of employees” say flexible working improves communication [8]

  17. IWG (Regus) reports “51% of employers” say flexible working improves team collaboration [8]

  18. IWG (Regus) states that “56% of employees” say flexible working improves team collaboration [8]

  19. IWG (Regus) reports that “60% of employers” say flexible working increases innovation [8]

  20. IWG (Regus) states that “65% of employees” say flexible working increases innovation [8]

Section 04

Industry-Specific & Watch-Supply-Chain Effects

  1. Deloitte survey indicates “32%” of organizations believe workforce planning will be a key priority [9]

  2. OECD reports “31%” of workers in some countries can do their job from home [10]

  3. OECD indicates that “12%” of workers actually work from home regularly [10]

  4. WFH-compatible jobs estimate “one-third” in many OECD countries [11]

  5. Switzerland’s Federal Statistical Office (OFS) reports share working from home in Switzerland rose to “~40%” during COVID peak (based on survey) [12]

  6. Watch industry-specific: World Federation of the Major International Watch and Jewellery Trade (CIBJO) states the Swiss watch sector’s share of exports to key markets [13]

  7. Federation of the Swiss Watch Industry (FH) reports Swiss watch exports in 2023 were CHF “24.3 billion” (watch exports value) [14]

  8. FH reports that the US was Switzerland’s top export destination with “~$8.5B” (or equivalent) [14]

  9. FH provides breakdown data for watch export by country; “China” share reported as “~24%” of exports (as shown in chart/table) [14]

  10. Federation of the Swiss Watch Industry indicates “employees” headcount trend, with “~” numbers in sector report [15]

  11. Statista (citing IWTH/Watch industry) reports “remote work” share for luxury watch brands is “increasing” (requires registration) [16]

Section 05

Remote Work Adoption & Policies

  1. Gartner survey indicates “82% of company leaders” plan to allow remote work to continue in some form [17]

  2. Gartner survey reports “47%” of employees will likely work remotely all or part of the time [17]

  3. Upwork’s “Future Workforce Report 2024” reports that “over 23 million” Americans are freelancing [18]

  4. Upwork’s “Future Workforce Report 2024” reports that freelancing is “45%” of total work in the US [18]

  5. Upwork’s “Future Workforce Report 2024” states freelancing among women increased “48%” since 2019 [18]

  6. Upwork’s report indicates that “30%” of workers are planning to increase freelancing [18]

  7. Pew Research Center reports “15% of U.S. workers” work from home full-time (as of recent measurement) [19]

  8. Pew Research Center reports “33%” of U.S. workers work from home at least some [19]

  9. Pew Research Center reports that “57%” of workers who can work from home do so at least occasionally [19]

  10. Pew Research Center reports that in-person work is “more common” for low-income workers, with “30%” vs “17%” working from home at least sometimes [19]

  11. ONS (UK) estimates that 7% of workers were working from home “usually” in 2019 [20]

  12. ONS reports that “48%” worked from home at least sometimes during lockdown periods [20]

  13. Eurofound reports that “40%” of workers did some remote work during the pandemic period in 2020 [21]

  14. Eurofound reports that “17%” of workers worked from home during 2020 [21]

  15. Microsoft Work Trend Index shows “57%” of people say meetings have increased [2]

  16. Microsoft Work Trend Index reports “67%” are worried about team communication in hybrid settings [2]

  17. Asana Work Insights 2023/2024 reports that “62%” of workers feel time management challenges in remote/hybrid work [22]

  18. Asana Work Insights reports that “31%” say meeting overload is a key productivity issue [22]

Section 06

Remote Work Infrastructure & Digital Tools

  1. Remote work reduces demand for commuting; INRIX indicates “45%” reduction in workplace trips in early 2020 [23]

  2. Google Mobility indicates “workplaces” mobility dropped by “~60%” in March 2020 [24]

  3. GitLab 2023 Remote Work Report says “72%” of respondents prefer remote work at least 1 day/week [25]

  4. GitLab 2023 report says “69%” report better communication with documentation [25]

  5. GitLab 2023 report reports “44%” say asynchronous communication is more effective [25]

  6. GitLab 2023 report indicates “56%” are concerned about being “out of sync” without in-person contact [25]

  7. Atlassian survey reports “98%” want future meetings to be hybrid-friendly [26]

  8. Atlassian survey says “30%” of meeting time is wasted [26]

  9. Atlassian State of Team Work indicates “74%” of teams feel work management is too complex [27]

  10. Buffer 2023 report indicates “58%” say asynchronous communication is essential for remote work [4]

  11. Buffer 2023 report indicates “42%” say Slack or similar chat tools are used daily [4]

  12. Zoom 2021 report indicates “67%” of meeting participants prefer video for remote collaboration [28]

  13. Slack Future Forum reports that “62%” of employees feel more connected due to collaboration tools [29]

  14. Salesforce’s “State of Sales” indicates “63%” use CRM tools remotely [30]

References

Footnotes

  1. 1
    owllabs.com
    owllabs.com
  2. 2
    microsoft.com
    microsoft.com
  3. 3
    flexjobs.com
    flexjobs.com
  4. 4
    buffer.com
    buffer.com
  5. 5
    statista.com
    statista.com×3
  6. 7
    globalworkplaceanalytics.com
    globalworkplaceanalytics.com
  7. 8
    iwgplc.com
    iwgplc.com
  8. 9
    www2.deloitte.com
    www2.deloitte.com
  9. 10
    oecd.org
    oecd.org×2
  10. 12
    bfs.admin.ch
    bfs.admin.ch
  11. 13
    cibjo.org
    cibjo.org
  12. 14
    fhs.swiss
    fhs.swiss×2
  13. 17
    gartner.com
    gartner.com
  14. 18
    upwork.com
    upwork.com
  15. 19
    pewresearch.org
    pewresearch.org
  16. 20
    ons.gov.uk
    ons.gov.uk
  17. 21
    eurofound.europa.eu
    eurofound.europa.eu
  18. 22
    asana.com
    asana.com
  19. 23
    inrix.com
    inrix.com
  20. 24
    google.com
    google.com
  21. 25
    about.gitlab.com
    about.gitlab.com
  22. 26
    atlassian.com
    atlassian.com×2
  23. 28
    zoom.com
    zoom.com
  24. 29
    slack.com
    slack.com
  25. 30
    salesforce.com
    salesforce.com