According to the U.S. Census Bureau, nearly one-third of the U.S. workforce, and half of all “information workers”, are able to work from home. Though the number of people working partially or fully remote has been on the rise for years now, the COVID-19 pandemic may have pressed the fast-forward button on this trend.
With millions of people taking part in this work-from-home experiment, it’s worth asking the question – how do people and companies actually feel about working from home?
The Flex Life
It’s no secret that people value freedom of choice. A whopping 98% of people would like to have the option to work remotely for the rest of their careers.
Aside from working in sweatpants, what are the things people like about working from home?
A flexible schedule, the ability to work from any location, and no more commuting were the top reported benefits.
Of course, not everything is positive about working from home. Here are some of the challenges people face as they work remotely.
The top issue faced by remote workers was “unplugging” from work. Without the clear-cut change of location and defined office hours, many people had a tougher time clearly dividing their personal and professional time.
As well, the lack of person-to-person communication can be a challenge for some people. In fact, one-third of people were concerned that the full extent of their professional efforts wouldn’t be appreciated because of a lack of in-office contact.
For the majority of people, having tough conversations via phone or teleconferencing software was actually viewed as a positive development.
Barriers to Implementing a Remote Work Policy
Despite the popularity of remote and flexible working, not every company has embraced the concept. Here are some of the reasons why.
While there can be technical or security-related reasons behind remote work resistance, a major barrier is simple resistance to change. Over 50% of companies that didn’t have a flexible or remote workplace policy cited “longstanding company policy” as the reason. In other words, that is just the way things have always worked.
Here are the reservations managers have with remote work:
Managers are worried that productivity and focus will be diminished if people are working in more informal locations, such as home or a cafe. Also, if people aren’t working in the same physical location, managers feel that team cohesiveness and company culture could suffer.
On the flip side, the cost savings associated with remote work may win over many companies. Research has found that typical employer can save about $11,000 per year for every person who works remotely half of the time. As well, switching to virtual meets in some instances can also be a significant cost savings.
Flexibility: The Ultimate Perk?
Location flexibility isn’t just a way to keep current employees happy. Companies that don’t embrace flexible working may find themselves at a disadvantage when recruiting new talent. Nearly two-thirds of candidates say that having a choice of work location is a key consideration in choosing an employer.
Lockdown measures have highlighted the value of workplace flexibility – particularly for people with kids. A total of 86% of parents now want to work flexibly, compared to 46% pre-coronavirus.
As the economy slowly begins to reopen, it remains to be seen whether or not COVID-19 accelerated inevitable trends in workplace culture. If so, taking Zoom calls in sweatpants may become the new normal for millions of workers.
Mapping The Biggest Companies By Market Cap in 60 Countries
Tech, finance or energy giant? We mapped the biggest companies by market cap and industry.
The Biggest Companies By Market Cap in 60 Countries
Tech giants are increasingly making up more of the Fortune 500, but the world’s biggest companies by market cap aren’t so cut and dry.
Despite accounting for the largest market caps worldwide—with trillion-dollar companies like Apple and contenders including Tencent and Samsung—tech wealth is largely concentrated in just a handful of countries.
So what are the biggest companies in each country? We mapped the largest company by market cap across 60 countries in August 2021 using market data from CompaniesMarketCap, TradingView, and MarketScreener.
What are the Largest Companies in the World?
The world has 60+ stock exchanges, and each one has a top company. We looked at the largest local company, since many of the world’s largest firms trade on multiple exchanges, and converted market cap to USD.
|Country||Company||Industry||Market Cap (August 2021)|
|Saudi Arabia||Saudi Aramco||Energy||$1.9T|
|Belgium||Anheuser-Busch Inbev||Consumer Staples||$122.7B|
|Indonesia||Bank Cental Asia||Financials||$54.8B|
|Philippines||SM Investments||Consumer Cyclical||$22.9B|
|Kuwait||Kuwait Finance House||Financials||$21.9B|
|Czech Republic||ÄŒEZ Group||Energy||$15.8B|
|Poland||PKO Bank Polski||Financials||$12.6B|
|Bahrain||Ahli United Bank||Financials||$8.6B|
|Egypt||Commercial International Bank||Financials||$5.9B|
Many are former monopolies or massive conglomerates that have grown in the public space, such as South Africa’s Naspers and India’s Reliance Industries.
Others are local subsidiaries of foreign corporations, including Mexico’s Walmex, Chile’s Enel and Turkey’s QNB Finansbank.
But even more noticeable is the economic discrepancy. Apple and Saudi Aramco are worth trillions of dollars, while the smallest companies we tracked—including Panama’s Copa Group and Oman’s Bank Muscat—are worth less than $5 billion.
Finance and Tech Dominate The Biggest Companies By Market Cap
Across the board, the largest companies were able to accumulate wealth and value.
Some are newer to the top thanks to recent success. Canada’s Shopify has become one of the world’s largest e-commerce providers, and the UK’s AstraZeneca developed one of the world’s COVID-19 vaccines.
But the reality is most companies here are old guards that grew on existing resources, or in the case of banks, accumulated wealth.
|Industry||Biggest Companies by Country|
Banks were the most commonly found at the top of each country’s stock market. Closely behind were oil and gas giants, mining companies, and former state-owned corporations that drove most of a country’s wealth generation.
But as more economies develop and catch up to Western economies (where tech is dominant), newer innovative companies will likely put up a fight for each country’s top company crown.
All World Languages in One Visualization
See the world’s major languages broken down by country in this stunning visualization.
All World Languages, By Native Speakers
View a high resolution version of today’s graphic by clicking here.
Languages provide a window into culture and history. They’re also a unique way to map the world – not through landmasses or geopolitical borders, but through mother tongues.
The Tower of Babel
Today’s infographic from Alberto Lucas Lopez condenses the 7,102 known living languages today into a stunning visualization, with individual colors representing each world region.
Only 23 languages are spoken by at least 50 million native speakers. What’s more, over half the planet speaks at least one of these 23 languages.
Chinese dominates as a macrolanguage, but it’s important to note that it consists of numerous languages. Mandarin, Yue (including Cantonese), Min, Wu, and Hakka cover over 200 individual dialects, which vary further by geographic location.
|Country||Native Chinese speakers (millions)|
|🇭🇰 Hong Kong SAR||6.5|
|🇲🇴 Macau SAR||0.5|
Chinese is one of the most challenging languages for English speakers to pick up, in part due its completely unfamiliar scripts. You’d have to know at least 3,000 characters to be able to read a newspaper, a far cry from memorizing the A-Z alphabet.
Spanglish Takes Over
After Chinese, the languages of Spanish and English sit in second and third place in terms of global popularity. The rapid proliferation of these languages can be traced back to the history of Spanish conquistadors in the Americas, and British colonies around the world.
Animation: Map of Colonization (1492 – 2008):
Today, Spanish has 399 million native speakers, but these are mostly concentrated in Latin America. English has 335 million native speakers under its belt, with a widespread reach all over the globe.
Two Worlds, One Family
While the visualization makes all the world languages seem disparate, this linguistic family tree shows how they grew from a common root. It also explains how languages can evolve and branch out over time.
Created by Minna Sundberg. Full version.
This linguistic tree also includes many languages that are not on the large visualization of 23 mother tongues. Some of them might be considered endangered or at risk today, such as Catalan or Welsh. However, with globalization, a few interesting linguistic trends are arising.
1. Language revival
Certain enclaves of marginalized languages are being preserved out of pride for the traditional and cultural histories attached.
While Catalan was once banned, its rebirth is a key marker of identity in Barcelona. More than 150 universities teach Catalan worldwide. In the case of Welsh, a mammoth university project plans to make sure it does not die out. Researchers are compiling ten million Welsh words to preserve the past, present, and future of the language.
2. Language forecast
At this point in time, English is the lingua franca – adopted as a common language among speakers with different mother tongues. However, this status might soon be fuzzier as demographic trends continue.
The rise of China is an obvious one to consider. As China continues to increase its economic might and influence, its languages will proliferate as well.
At the same time, 26 African countries are projected to double their current size, many of which speak French as a first language. One study by investment bank Natixis suggests that Africa’s growth may well bring French to the forefront – making it the most-spoken language by 2050.
Could French provide a certain je ne sais quoi that no other world language can quite replace?
This post was first published in 2018. We have since updated it, adding in new content for 2021.
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