TMCnews Featured Article
Telework Programs Deliver Significant Financial Benefits for Consumers/Companies
By Susan J. Campbell, TMCnet Contributing Editor
Despite these advantages, there are currently less than six million Americans that consider home their regular workspace. More than half of this six million are self-employed. According to research from Undress4Success.com, another 33 million people hold jobs that are telework-compatible and eager to work from home.
Estimates show that if this 33 million worked from home just half of the time, businesses could improve their bottom line by over $7,900 per new telecommuter per year. The result of such a move would be lower real estate, electricity, absenteeism, and turnover costs together with increased employee productivity.
The following companies have implemented a telework platform and are reaping the benefits:
- Sun Microsystems (News - Alert) saves $70 million a year in real estate alone
- McKesson saves $2 million a year in real estate and other expenses
- Dow Chemical saved one third of its non-real estate costs through telework
- Best Buy, BT, JD Edwards and American Express (News - Alert) have found home-based employees to be 30-40 percent more productive than their office counterparts.
While not all companies are suited for telework, many are that have not yet taken advantage of the platform due to lack of knowledge, training or confidence in such a system. Several different studies completed by independent firms have shown that the benefits to teleworking are real and substantial, making it worth investigation.
Susan J. Campbell is a contributing editor for TMCnet and has also written for eastbiz.com. To read more of Susan’s articles, please visit her columnist page.
Edited by Stefania Viscusi