It’s no surprise that one of the chief reasons employees embrace telework relates to savings.
Without a commute, they save on both time and gas as well as wardrobe and food (casual clothes don’t need to be dry cleaned and eating lunch out isn’t as tempting).
Employers save big, too, by offering a telework option and often those savings are substantial in the long run. The research firm Global Workplace Analytics found that companies can save up to $11,000 for every employee working two or three days remotely per week.
Is remote work right for your company?
First, determine your startup costs, which will vary. Some considerations, according to Telework!VA, a free consulting service for employers, managers and employees in the Commonwealth that offers resources and tips for companies of any size to create and maintain a telework program.
Even if telework means more of an investment at the front end, the long term savings are often worth it. According to Global Workplace Analytics, almost 6 out of 10 employers identify cost savings as a major benefit of telecommuting.
Employers save on:
If you’re ready to consider establishing a remote workplace, you’ll be joining a growing trend that is only expected to continue in 2023. A recent AT&T study found the hybrid work model is expected to grow from 42% in 2021 to 81% in 2024.
Don’t you owe it to yourself to see how working from home can benefit your company?