English comp 1 | Business & Finance homework help
The exact percentage of revenue a company can save by implementing telework practices will depend on a variety of factors, including the size of the organization and its type of work. However, research has shown that companies which embrace teleworking can see significant cost savings.
One study conducted in 2013 found that for every dollar invested in enabling technology for remote workers, such as videoconferencing or cloud-based collaboration tools, businesses saved up to $3 due to increased productivity and reduced overhead costs from office space and utilities. Another analysis revealed that organizations saved an average of $11,000 per employee annually when employing flexible working strategies.
Teleworking also offers environmental benefits; according to one report, employees who work offsite cut their carbon emissions by nearly half compared with commuters who travel to the workplace daily. These reductions result in estimated annual savings between 5-20% depending upon other transportation policies adopted by employers such as car pooling or subsidizing mass transit passes and bike programs.
As more employers look for ways to reduce costs while still providing value to their personnel, embracing telework practices may be an effective way to achieve these goals while helping protect our shared environment at the same time. It is difficult to put a precise figure on exactly how much money could be saved however it is clear that adopting teleworking presents many potential opportunities for both financial and environmental savings which should not be overlooked.