5 ways working from home saves employers money

Shawn Boehme
Post by Shawn Boehme
January 17, 2017
5 ways working from home saves employers money

Telecommuting is becoming quite famous as it is freeing people from the humdrum of conventional workplace. According to GlobalWorkplaceAnalytics.com, telecommuting has increased almost by 80% since 2005 in the US. There are numerous benefits of telecommuting including it being cost effective for the employers. Here are 5 ways in which employers can save money with the help of telecommuting:

Increase in the Productivity Level

It is evident from a research that people who work for more than 40 hours a week are mostly working from home. The statistics show that 53% of telecommuters and 28% of non-telecommuters work for 40 hours or more in a week. It is not true for all the cases as it also depends on the nature of the work. In fact, the type of work determines the outcome of the productivity level of a telecommuter. However, non-telecommuters perform much better if the work is repetitious. In this case a telecommuter’s productivity level decreases to 6 to 10% than a person who works from an office.

At first it may seem that the productivity is decreasing especially when you are trying to figure out which employee should become a telecommuter. Although you would notice an impressive change later particularly when you would save a lot of money by using online productivity tools.

Lower Operating Expenses

An average company could save approximately $11,000 in a year if it lets its employees to work from home even for half of the time. This decreases the operating expenses drastically.  Companies can avoid the lease payments, office supplies, furniture, water expenditures, coffee expenses and commuting allowances. Lowering overhead is definitely one of the best way to save money for the employers.

Improvement in Churn Rates

Telecommuters are much more satisfied from their job than the people who have to go to offices to work. Due to this reason there is a huge improvement in the churn rate of a company.  Churn rate optimization is extremely important in the long-run success of a company. There was a study conducted by Staples Advantage, according to which 80% of telecommuters attained a much better work-life balance. They suffered from 25% less stress levels and 73% of them got healthier after they started working from home. In fact 36% of employees would love to work from home rather than getting a raise according to studies conducted by Global Workplace Analytics and 37%. would even take a 10% pay cut if they could work from home. A mediocre company would lose at least $10,000 to $30,000 for every employee that leaves.

Less Unscheduled Absences

According to a research, telecommuters take much less unscheduled absences than the people who go to office for work. An employer can save around $1800 per employee a year if the unscheduled leaves get fewer. Around 78% of employees take sick leaves due to stress or other personal problems. Telecommuters do not take much sick leaves as they aren’t as stressed as the non-telecommuters. Employees who work from home can also start the work much earlier even if they undergo a surgery.

Reduced Travel Expenditures

A company usually spends $949 per person on a domestic business trip while the travel expense of an overseas trip is around $2600. Whereas, companies that use online tools to communicate save a lot of money as they do not have to send their employees for business meetings.

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Shawn Boehme
Post by Shawn Boehme
January 17, 2017
Shawn Boehme is a seasoned professional with a wealth of experience in the Unified Communications space. As the Director of Sales for PanTerra Networks since March 2015, Shawn has played a pivotal role in empowering businesses across the U.S. and Canada to maximize their productivity and streamline costs through advanced cloud communication solutions. His unwavering commitment to delivering top-notch service and driving business growth through effective communication strategies has earned him the reputation of an expert in the field.

With a deep understanding of the challenges enterprises face in harnessing the full potential of their phone systems, Shawn is dedicated to uncovering each client's unique needs, pain points, and successful aspects of their existing communication infrastructure. This extensive industry experience, coupled with his specializations in phone and messaging platforms, PBX and call centers, contact centers, and unified communication, allows him to design tailor-made solutions that address specific challenges and expedite businesses towards success.

Shawn's unwavering dedication to providing unmatched value and a superior customer experience demonstrates his commitment to surpassing client expectations. He leverages his extensive knowledge and technical expertise to not only meet but exceed the unique demands of each client. When seeking advice or solutions in the Unified Communications space, businesses can trust Shawn's judgment and rely on his proven track record of driving growth and delivering exceptional outcomes.

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