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With employee preferences tilting towards a WFH model of working in a post-pandemic world, there has been an increase in interest for remote jobs or at least those that promote a hybrid working model, especially amongst tech professionals across the world.

This trend is however particularly strong for the crypto space where interest in remote crypto jobs is booming and increasingly supplemented by increased hiring by industry constituents over the past few years.

A Google Trends (GT) study on internet searches for the term ‘remote crypto jobs’ over the past five years indicates that the search index has reached a score of 100 through the period June 12-18, 2022, representing a 614% jump over the same corresponding period in 2021.

Google Trends
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Google Trends

What’s more, with the cryptocurrency and blockchain industry being flooded with record levels of venture funding, hiring has not ebbed despite the current bear cycle in the crypto markets and is indicative of the developmental work being undertaken across many segments by industry participants.

Benefits of increased remote working acting as a tailwind

When the COVID-19 pandemic forced employers into introducing the WFH concept, little did anyone expect that it would emerge as the most preferred working model for a bulk of the white-collared workforce in major economies across the globe.

Raj Kapoor, Chief Advisor at Acryptoverse, says that despite a tight labor market that is still affected by the after-shocks of the pandemic, demand for remote jobs is booming and blockchain technology continues to attract the maximum interest amongst sectors in the technology space.

Job listings on FlexJobs, a site for individuals interested in remote flexible work, corroborate the same trend and even salary data from compensation platforms like PayScale deliver a clear verdict- remote crypto jobs top the charts.

“Blockchain topped LinkedIn’s most in-demand hard skills and with the pandemic demonstrating that white-collar work can be done from anywhere, there has been an allied boom in interest from companies and potential employees for remote crypto jobs.

He adds that a better work-life balance on account of reduced or negligible commute time and cities or countries with lower taxes, good infrastructure, and quick access to an international airport is attracting the maximum interest for fully remote work.

Companies in the technology space can tap into an international talent pool by employing remote tech professionals and maintaining 24X7 operations by allocating human resources across the different time zones.

Additionally, they can do away with cross-border visa protocols and bring down hiring costs by optimizing resources from different countries, ultimately contributing to a lower carbon footprint and improving the sustainability of operations.

Crypto firms pioneered remote working even before the pandemic

Sharat Chandra VP - Research & Strategy, EarthID says even before the world was besieged by the COVID-19 pandemic, crypto, and blockchain-based technology firms were the first to adopt a completely decentralized model of working, and that emphasis on this remote-first hiring strategy has gained even more prominence since the pandemic and has, in turn, accelerated the mainstreaming of remote jobs.

"The future of work is being reimagined and human resource professionals across the world have acknowledged the significance of leveraging remote hiring to cater to changing client and business requirements. Remote jobs are here to stay and will augment the adoption of hybrid work models across sectors, especially the technology-heavy crypto and blockchain industries.", Chandra says.

Recent announcements of layoffs mere red herrings

The month of June 2022 has been gloomy for crypto investors and those employed in this burgeoning space.

While cryptocurrencies continue to trend downwards, crypto firms such as Coinbase, Crypto.com, BlockFi, Bitpanda, and a few more have announced layoffs to counter rising operation costs, brought upon by inflationary pressures and stagnant GDP growth worries that are pointing towards a looming recession.

Despite signs of certain industry participants tempering their expansion drive, the crypto industry as a whole continues to attract interest from established and budding tech professionals, as reflected in GT statistics.

 

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