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.
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
Owl Labs 2023 State of Remote Work report indicates “68%” of remote workers report improved work-life balance [1]
Owl Labs reports that “64%” feel more productive working remotely [1]
Owl Labs reports that “51%” report less stress working remotely [1]
Owl Labs reports “63%” believe remote work increases job satisfaction [1]
Owl Labs 2023 indicates “55%” report fewer distractions remotely [1]
Owl Labs reports that “56%” feel they can focus better at home [1]
Microsoft Work Trend Index reports “25%” of employees are worried about career advancement in remote/hybrid work [2]
FlexJobs remote work survey reports “78%” say remote work is beneficial for their mental health [3]
Buffer report indicates “31%” cite work-life balance as primary reason for remote work [4]
Buffer reports “19%” cite saving money as a reason for remote work [4]
Buffer reports “14%” cite flexibility as the main reason [4]
Buffer reports “15%” cite less commuting [4]
Section 02
Employee Preferences & Work Patterns
Statista (citing Gartner) reports that “47%” of employees want “remote work” as a benefit [5]
Statista reports that “62%” of workers prefer a hybrid model [6]
FlexJobs survey reports “65%” of respondents said remote work is important to them [3]
FlexJobs survey reports “71%” of respondents would choose remote work over other benefits [3]
Buffer’s “State of Remote Work” 2023 reports that “98%” of respondents want to continue remote work at least some of the time [4]
Buffer’s “State of Remote Work” 2023 reports “23%” want to work remotely full-time [4]
Buffer’s “State of Remote Work” 2023 reports “55%” want a hybrid arrangement [4]
Buffer’s “State of Remote Work” 2023 reports “24%” are unsure about future work preferences [4]
Global Workplace Analytics says the average workday includes about “2.5 days” working from home per week post-pandemic [7]
Global Workplace Analytics estimates that working from home is “three times as common” as before the pandemic [7]
Global Workplace Analytics reports that “56%” of employees work from home at least some of the time [7]
Global Workplace Analytics estimates “20% to 25%” of the workforce could be in “wfh-compatible” jobs [7]
Microsoft Work Trend Index 2024 reports that “46%” of employees want to work in a hybrid model [2]
Microsoft Work Trend Index 2024 reports that “25%” want to work fully remote [2]
Microsoft Work Trend Index 2024 reports that “29%” want to work on-site only [2]
Section 03
Employer & Productivity Impact
IWG (Regus) reports that “54% of employers” say flexible work improves productivity [8]
IWG (Regus) states that “85% of employees” believe flexible working makes them more productive [8]
IWG (Regus) reports that “59% of employers” say flexible work reduces costs [8]
IWG (Regus) states that “68% of employees” believe flexible working reduces costs [8]
IWG (Regus) indicates that “78% of employees” say flexible working reduces stress [8]
IWG (Regus) reports that “74% of employers” say flexible working reduces employee stress [8]
IWG (Regus) reports that “80% of employers” say flexible working helps attract and retain talent [8]
IWG (Regus) states that “84% of employees” say flexible working helps attract and retain talent [8]
IWG (Regus) reports “61% of employees” believe flexible working improves work-life balance [8]
IWG (Regus) states that “66% of employers” say flexible working improves work-life balance [8]
IWG (Regus) reports that “63% of employees” believe flexible working increases job satisfaction [8]
IWG (Regus) states that “58% of employers” say flexible working increases job satisfaction [8]
IWG (Regus) reports that “72% of employers” say flexible working improves employee engagement [8]
IWG (Regus) states that “76% of employees” say flexible working improves employee engagement [8]
IWG (Regus) reports that “57% of employers” say flexible working improves communication [8]
IWG (Regus) states that “62% of employees” say flexible working improves communication [8]
IWG (Regus) reports “51% of employers” say flexible working improves team collaboration [8]
IWG (Regus) states that “56% of employees” say flexible working improves team collaboration [8]
IWG (Regus) reports that “60% of employers” say flexible working increases innovation [8]
IWG (Regus) states that “65% of employees” say flexible working increases innovation [8]
Section 04
Industry-Specific & Watch-Supply-Chain Effects
Deloitte survey indicates “32%” of organizations believe workforce planning will be a key priority [9]
OECD reports “31%” of workers in some countries can do their job from home [10]
OECD indicates that “12%” of workers actually work from home regularly [10]
WFH-compatible jobs estimate “one-third” in many OECD countries [11]
Switzerland’s Federal Statistical Office (OFS) reports share working from home in Switzerland rose to “~40%” during COVID peak (based on survey) [12]
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]
Federation of the Swiss Watch Industry (FH) reports Swiss watch exports in 2023 were CHF “24.3 billion” (watch exports value) [14]
FH reports that the US was Switzerland’s top export destination with “~$8.5B” (or equivalent) [14]
FH provides breakdown data for watch export by country; “China” share reported as “~24%” of exports (as shown in chart/table) [14]
Federation of the Swiss Watch Industry indicates “employees” headcount trend, with “~” numbers in sector report [15]
Statista (citing IWTH/Watch industry) reports “remote work” share for luxury watch brands is “increasing” (requires registration) [16]
Section 05
Remote Work Adoption & Policies
Gartner survey indicates “82% of company leaders” plan to allow remote work to continue in some form [17]
Gartner survey reports “47%” of employees will likely work remotely all or part of the time [17]
Upwork’s “Future Workforce Report 2024” reports that “over 23 million” Americans are freelancing [18]
Upwork’s “Future Workforce Report 2024” reports that freelancing is “45%” of total work in the US [18]
Upwork’s “Future Workforce Report 2024” states freelancing among women increased “48%” since 2019 [18]
Upwork’s report indicates that “30%” of workers are planning to increase freelancing [18]
Pew Research Center reports “15% of U.S. workers” work from home full-time (as of recent measurement) [19]
Pew Research Center reports “33%” of U.S. workers work from home at least some [19]
Pew Research Center reports that “57%” of workers who can work from home do so at least occasionally [19]
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]
ONS (UK) estimates that 7% of workers were working from home “usually” in 2019 [20]
ONS reports that “48%” worked from home at least sometimes during lockdown periods [20]
Eurofound reports that “40%” of workers did some remote work during the pandemic period in 2020 [21]
Eurofound reports that “17%” of workers worked from home during 2020 [21]
Microsoft Work Trend Index shows “57%” of people say meetings have increased [2]
Microsoft Work Trend Index reports “67%” are worried about team communication in hybrid settings [2]
Asana Work Insights 2023/2024 reports that “62%” of workers feel time management challenges in remote/hybrid work [22]
Asana Work Insights reports that “31%” say meeting overload is a key productivity issue [22]
Section 06
Remote Work Infrastructure & Digital Tools
Remote work reduces demand for commuting; INRIX indicates “45%” reduction in workplace trips in early 2020 [23]
Google Mobility indicates “workplaces” mobility dropped by “~60%” in March 2020 [24]
GitLab 2023 Remote Work Report says “72%” of respondents prefer remote work at least 1 day/week [25]
GitLab 2023 report says “69%” report better communication with documentation [25]
GitLab 2023 report reports “44%” say asynchronous communication is more effective [25]
GitLab 2023 report indicates “56%” are concerned about being “out of sync” without in-person contact [25]
Atlassian survey reports “98%” want future meetings to be hybrid-friendly [26]
Atlassian survey says “30%” of meeting time is wasted [26]
Atlassian State of Team Work indicates “74%” of teams feel work management is too complex [27]
Buffer 2023 report indicates “58%” say asynchronous communication is essential for remote work [4]
Buffer 2023 report indicates “42%” say Slack or similar chat tools are used daily [4]
Zoom 2021 report indicates “67%” of meeting participants prefer video for remote collaboration [28]
Slack Future Forum reports that “62%” of employees feel more connected due to collaboration tools [29]
Salesforce’s “State of Sales” indicates “63%” use CRM tools remotely [30]
References
Footnotes
- 1owllabs.com
- 2microsoft.com
- 3flexjobs.com
- 4buffer.com
- 5statista.com×3
- 7globalworkplaceanalytics.com
- 8iwgplc.com
- 9www2.deloitte.com
- 10oecd.org×2
- 12bfs.admin.ch
- 13cibjo.org
- 14fhs.swiss×2
- 17gartner.com
- 18upwork.com
- 19pewresearch.org
- 20ons.gov.uk
- 21eurofound.europa.eu
- 22asana.com
- 23inrix.com
- 24google.com
- 25about.gitlab.com
- 26atlassian.com×2
- 28zoom.com
- 29slack.com
- 30salesforce.com