The Benefits of WFH for Companies
Although the transition to working from home was fast and furious for a lot of organizations, many companies are now figuring out that working remotely is the future of work—pandemic or not.
The data is overwhelming. Employees and employers are saving money, time, and resources, while improving their overall well-being. It's a clear win-win.
One-third of people want to work from home, and 80% believe it is a job perk. 36% would prefer it over a pay raise.
It simply improves employee satisfaction. A poll of 1,500 technology professionals revealed that two-thirds would take a pay cut of 10% if they could work from home.
The dreaded commute: nobody wants it, and it's getting worse. Scaling down commute times is good for everyone, including the environment.
24% of employees said they would take a pay cut of up to 10% to help the environment. They would also show up to work on time!
Employers save. Brick and mortar costs can be slashed. A MarketWatch study suggests each employee in Vancouver costs $10-$15K per year for office space.
IBM, Dow Chemical, Sun Microsystems, Nortel and others have cut tens of millions each in real estate costs by using telecommute employees.
Losing a valued employee can cost a company the same as the purchase cost of a BoxOffice. And they can save that same amount every year
95% of employers say WFH has a high impact on employee retention. Avoid the cost of retraining, recruiting, and absenteeism.