NEW YORK, Jan. 12, 2022 /PRNewswire-PRWeb/ -- Terminal, the hiring and employment platform for building remote engineering teams, today announced the findings of The State of Remote Engineering: 2022 Edition. As the remote work revolution has transformed the workforce, the findings highlight seven out of ten engineers still want to work remotely at least three out of five days of the week.
Engineers cite benefits including more autonomy, higher productivity, and better work-life balance as benefits of working remotely. The report indicates a possible gap between engineers' preferences and the expectations of their managers: Despite the benefits that remote work brings, nearly half (48%) of hybrid-remote engineers and 34% of fully remote engineers say they anticipate they'll be required to come into the office in the next year.
Some key findings on the state of remote engineering include:
Salary transparency is key to engineers considering jobs. Seventy-four percent of respondents say the remote salary market would be easier to navigate if recruiters were upfront about location-based salaries.
Engineers don't have to move to find opportunities. Nearly 35% of non-US engineers are uninterested in moving to the United States. Engineers feel that their local regions offer ample opportunities for their careers. Cost of living is a key factor to engineers' considering a move to the US. Latin American engineers who don't want to move to the US cited not wanting to be too far from family (62%) and the high cost of living (61%) in the States. Twenty-nine percent of overall respondents and 18% of Canadian respondents said high cost of living was a reason to not move to the US. Specifically, US health-related costs were a concern for some respondents, with one front-end developer based in Colombia saying, "Unexpected health issues can bankrupt you."
Remote engineers don't want to relocate. They expect Silicon Valley compensation to come to them. Eighty-nine percent of those surveyed said equity compensation was important to them — 22% said it was "extremely important" — yet a full 46% of remote engineers receive no stock compensation at their places of work. Fifty-seven percent of Latin American engineers and 46% of Canadian engineers said equity wasn't part of their compensation packages, revealing an important opportunity for global engineers to open conversations with hiring managers about this valuable piece of overall compensation.
Additional top findings on the state of remote engineering include:
- More engineers are feeling the effects of the talent shortage. Seventy-three percent of engineers say there's a shortage of software engineers in their current company compared to 64% last year.
- Burnout improved modestly among engineers: 24% of engineers say they suffered from burnout in 2021, down 13% from 2020. 60% report that flexibility in schedules helps them manage burnout.
- Time zone alignment is a productivity booster: Eighty-percent of engineers say they are more productive when working with teams that operate in similar time zones because it allows team members to work together seamlessly.
- Technology enablement and flexibility are top remote benefits: Engineers want practical benefits like technology and productivity tools, home office stipends, and flexible work hours to balance work and home life on their own terms. Engineers also cited learning and development opportunities and mental health benefits as some of their most sought-after benefits.
"It's clear that the majority of engineers are happier working remotely and feel remote enables them to be more productive and effective in their roles," said Clay Kellogg, CEO, Terminal. "We believe the potential of remote work has yet to be fully realized, and we are excited for the positive impacts that the remote work revolution will bring to both businesses and engineers."
As we head into the third year of the "new normal," employers are at a crossroads: adapt to the new needs of engineers or lose their top talent to other businesses that do. Businesses need to think holistically about benefits, adapt their interview process for remote work, and ensure each engineer's preferred working style is provided for.
Get the full report: https://terminal.io/state-of-remote-engineering
Methodology:
Terminal conducted this study among n=1,048 engineers, developers, and programmers sourced from Terminal's database of contacts and partner organizations. These respondents were primarily from Canada, Latin America, and the US, with representation from Europe, Africa and Asia as well. Responses were collected from October 27, 2021, to November 17, 2021.
About Terminal
Terminal is the leading platform used by companies to build full-time, remote engineering teams faster than any other solution on the market. The company provides tech-enabled hiring, employment and people-management solutions to build and run world-class remote engineering teams. Terminal has hired more than 700 engineers and built teams for top tech companies such as Hims and Hers, Chime, Everly Health and Skillz. Learn more about remote scaling at Terminal.io.
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SOURCE Terminal
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