I’ll give you telework statistics! At School Hours we love telework because it is the most flexible of all flexible working arrangements, making it the family-friendliest working arrangement too. And with telework statistics like the ones listed below, it’s not hard to see why the world’s biggest, best and brightest companies are implementing teleworking programs in record numbers.
Here’s the top 9 telework statistics we found on recently on http://www.globalworkplaceanalytics.com, a website that conducts independent research and consults on emerging workplace issues and opportunities.
1. Improves employee satisfaction
– People are desperate to find a balance between work and life.
– Two thirds of people want to work from home.
– 36% would choose it over a pay raise.
– 80% of employees consider telework a job perk.
2. Reduce attrition
– Losing a valued employee can cost an employer $10,000 to $30,000.
– 46% of companies that allow telework say it has reduced attrition.
– 95% of employers say telework has a high impact on employee retention.
– Two-thirds of employees would take another job to ease the commute.
3. Reduces unscheduled absences
– 78% of employees who call in sick, really aren’t. They do so because of family issues, personal needs, and stress.
– Unscheduled absences cost employers $1,800/employee per year
– American Management Association, organizations that implemented a telework program realized a 63% reduction in unscheduled absences.
– Teleworkers typically continue to work when they’re sick (without infecting others).
4. Increases productivity
– Best Buy, British Telecom, Dow Chemical and many others show that teleworkers are 35-40% more productive.
– Businesses lose $600 billion a year in workplace distractions.
– Over two-thirds of employers report increased productivity among their telecommuters.
– American Express workers produced 43% more than their office based counterpoints
5. Saves employers money
– Nearly six out of ten employers identify cost savings as a significant benefit to telecommuting.
– Alpine Access Remote Agents close 30% more sales than traditional agents the year before. Customer complaints decreased by 90%. And turnover decreased by 88%.
– IBM slashed real estate costs by $50 million; McKesson saves $2 million a year.
– Average real estate savings with full-time telework is $10,000 per employee per year.
6. Provides new employment opportunities for the un and under-employed
– 18 million Americans with some college education aren’t working.
– More than twelve percent of the working age population that’s disabled (16 million). A full three quarters of unemployed workers with disabilities cite discrimination in the workplace and lack of transportation as major factors that prevent them from working.
– 24 million Americans work part time.
– Only seventy-five percent of women, still the traditional primary caregivers, age twenty-five to fifty-four participate in the labor force (compared to ninety percent of men). Almost a quarter of women work part-time (16.5 million), compared to ten percent of men.
7. Expands the talent pool
– Over 40% of employers are feeling the labor pinch; that will worsen as Boomers retire.
– Provides access to disabled workers.
– Offers alternative that would have otherwise kept parents and senior caregivers out of the workforce.
– Over 70% employees report says the ability telecommute will be somewhat to extremely important in choosing their next job.
8. Environmental Friendly Policies are Good For Companies
– Sun Microsystems reported that its 24,000 U.S. employees participating in the Open Work Program avoided producing 32,000 metric tons of CO2 last year by driving less often to and from work.
– Office equipment energy consumption rate is twice that of home office equipment energy consumption.
– 70% of employees report they would see their companies in a more favorable light if they helped them reduce their carbon emissions.
– 24% of employees say they’d take a pay cut of up to 10% to help the environment.
9. Reduces traffic jams
– If traffic continues to grow at the current pace, over the next couple of decades, drivers in Atlanta, Baltimore, Chicago, Denver, Las Vegas, Miami, Minneapolis/St. Paul, Portland, San Francisco-Oakland, Seattle-Tacoma, and Washington, D.C. will be sitting in daily traffic jams worse than the infamous traffic jams that plague Los Angeles eight hours a day.
– As a result, commutes will take almost twice as long, and you’ll have to leave even earlier to allow for traffic jams if you have to arrive someplace at a specific time, producing a further reduction to our national productivity.
– Traffic jams rob the U.S. economy of $78 billion/year in productivity
– Every 1% reduction in vehicles yields a three fold decrease in congestion.
While most of these telework statistics are US based, they still apply here in Australia and the benefits derived will be as great for an Australian employer as they are for an American one. If you’re interested in learning more about telework and how it might benefit your business, visit the teleworking tab on our family friendly employment resources page. There is heaps of useful information, videos and links to help you discover the benefits of telework.