Ensure Business continuity. If there is a local power failure, your phone lines go down or there is a natural disaster, 75% of your remote employees would still be able to work.
Reduce your attrition rate. Attrition can be expensive for an organization; job postings, interviewing, paperwork and training. Two thirds of employees would change their job to reduce commuting time and costs and 95% of employers claim that offering remote privileges increases staff retention.
Increase Employee Accessibility. Decisions and projects are delayed because of a delay in reaching key employees. Collaborations are negatively affected when all team members cannot be reached simultaneously. In fact, at least 2 hours a week, per staff member are wasted because of a communication problems.
Equipment Savings with BYOD. More and more, employees increasingly want to bring their own device to communicate and access data at work. More than 50% of employers will require it by 2017. It will save them money (reduce hardware, licensing and maintenance costs), increase employee productivity (employees are more comfortable and work faster using their familiar device) and increase employee satisfaction (work flexibility).
Increase Productivity. While there is a $600 billion dollar loss attributed to staff distraction, 66% of employers claim an increase in productivity in remote workers. Some companies report that remote workers out produce the onsite workers.
Decreased real estate costs. Less employees at the office require less office space. It is an average of $10,000 per full time employee; $68 million for major real IT organizations.
Reduction is unscheduled time off. Did you know that 78% of employees taking a sick day are really healthy? Unscheduled absences creates a $300 billion dollar loss to American employers. However, employees who have the ability to remotely work from home will more likely work when they are sick. This is because they do not have to get ready for work or commute and they have the comforts of home at their disposal. Employers also benefit from sick staff remotely working because they will not infect coworkers.
Reduce Staff Compensation. According to statistics, 36% of workers would forgo a raise to work from home, and 37% of IT employees would take a pay cut to work at home.