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- In 2004, 45 million American employees – nearly a third of the workforce – worked from their homes or another remote location at least one day every week. (projection-100 million in 2010).
- Between 2001-2005 remote workers saved 38 million gallons of fuel and 3.4 million metric tons of carbon dioxide.
- Remote workers save on average 45-90 hours a year by not commuting.
- At IBM, 40% of its 330,000 employees work remotely.
- Absenteeism can be reduced by 75%
- Tardiness can be reduced by 84%
- Turnover can be reduced by 50%
- 45% of employees report that they would go an extra mile to maintain their flexible and remote work schedules.
- 80% of remote workers report they are more committed to their employer.
- 71% consider a remote work option in their decision to stay with a company.
- A 2007 worldwide poll of 138 recruiting firms by the Association of Executive Search Consultants. It found 85% of those firms had candidates who had rejected an executive job offer in the past year because they couldn’t get the flexibility they were seeking.
- In 2005, Atlanta, GA ran a six-month telecommuting pilot with 13 metro employers participating. The results: when employees are allowed to work from home, everyone benefits. Nearly 90% of teleworkers reported that the ability to work from home improved their morale, and 80% of managers agreed that staff morale had improved. Not commuting saved each an average of 107.3 minutes for every teleworking day and more than 70% spent that time doing more work. More than 85% of managers felt productivity had either improved or stayed the same, and among those who saw improvement, the average increase was estimated at 20%.
- In 2006, a study by Booze Allen Hamilton found that a 100,000-employee organization investing $16 million in remote work technologies would reap $36.2 million in benefits if 50% of staff worked from home. An organization of 10,000 that invested $220,000 would gain $3.4 million in returns.
- A recent survey reported in Workforce magazine of Fortune 50 companies found that virtual work results in:
- 75% improvement in productivity
- 75% improvement in response to customers
- 63% improvement in operating efficiencies
- 63% increase in customer satisfaction
- 50% decrease in cycle time
- 38% improvement in quality of work-life
- $441 billion has been saved in 1999 by U.S. employers for supporting telecommuting. The savings come from reduction in absenteeism, increase in productivity and a reduction in turnover costs.
- One Fortune 50 company estimates that it saves $3000 annually for each telecommuter.
Virtual Connection can help you achieve similar results or better
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