Friday, July 23, 2010
Benefits of Google Voice for Workshifters
Hi all! I was asked by the folks on the Workshifting blog to provide some content after I wrote my own post about virtual presence. Check out my blog post on their website and share your comments!
Friday, July 16, 2010
Quantifiable benefits of workshifting
Below is a brief summary of Citrix Online's excellent report of workshifting. What are your thoughts? Did any of the findings surprise you? Reaffirm what you're feeling and seeing in your workplace? I welcome your thoughts and feedback and hope that you'll make use of this report.
A summary report of the Citrix Online 2010 report:
In “TeleworkResearchNetwork.com (Kate Lister & Tom Harnish, 2010) Workshifting Benefits: The Bottom Line” the authors attempt to quantify the benefits of workshifting --working from anywhere-- for employers, employees, and the community. Workshifting is recently a new concept, formerly referred to as telecommuting or teleworking. It has increased by 74% from 2005 to 2008.
Why allow workshifting and who benefits?
Employer (quantifiable benefits)
Employee
In “TeleworkResearchNetwork.com (Kate Lister & Tom Harnish, 2010) Workshifting Benefits: The Bottom Line” the authors attempt to quantify the benefits of workshifting --working from anywhere-- for employers, employees, and the community. Workshifting is recently a new concept, formerly referred to as telecommuting or teleworking. It has increased by 74% from 2005 to 2008.
Why allow workshifting and who benefits?
Employer (quantifiable benefits)
- Increased productivity
- 27% more productive
- less distractions
- more effective time management
- longer hours
- If 50 employees were permitted to workshift at least 50% of the time, the company would see an increase in productivity of $288,176 per year.
- Decreased real estate and related costs
- Hard for the employer to scale down office offerings
- less purchase costs (furniture, parking, supplies, security)
- If 50 employees were permitted to workshift at least 50% of the time, the company would save an average of $151,846/year in electricity alone.
- Decreased turnover
- Reduce attrition by 25%; average cost of turnover = 138% of wage
- Average wage = $32,136
- 2/3rds of employees on this survey report that they would leave their current job to ease their commute
- Projected annual savings to the company = $38,046/year
- Decreased absenteeism
- Average cost of an unscheduled absence = $310 per absence
- Telework is the second most effective method of reducing absences Reduce the number of hours wasted in meetings
- Able to handle personal appointments without losing time; able to work at home when sick and not infect others.
- If 50 employees were permitted to workshift at least 50% of the time, the company would save an average of $56,700/year in reduced absenteeism.
- Ensure continuity of operations
- Snow and ice storm, H1N1 flu, major road construction - NO PROBLEM with workshifting
- Sick family member that needs to be cared for - NO PROBLEM with workshifting
- Base productivity on results; not time in the chair (performance based management)
Half-time home-based workers | 50 | 100 |
Productivity increased | $288,176 | $576,351 |
Electricity savings | $151,846 | $303,692 |
Absenteeism savings | $56,700 | $113,400 |
Turnover savings | $38,046 | $76,092 |
TOTAL SAVINGS | $534,768 | $1,069,535 |
Employee
- Use and spend less on gas
- The average commute = 30 miles/day (a third of commuters have longer drives = 60 miles/day)
- If an employee telecommuted at least 50% of the time, the employee would save an average of $362/year ($18,080 for 50 employees)
- Incur less work related expenses
- Parking, food, clothing
- If an employee telecommuted at least 50% of the time, the employee would save an average of $3,841/year ($192,086 for 50 employees)
- Get more time back in your life
- Commutes
- Low = 29 minutes
- Average = 52 minutes
- High = 79 minutes
- Better work life balance, happier, and healthier individuals
Labels:
productivity,
ROWE,
telecommuting,
workshifting
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