Telecommuting Helps Businesses Reduce Real Estate and Overhead Costs
Obviously, if you aren’t paying rent you are saving money, but can you not pay rent and still run a company? Of course, allow your employees to telecommute and you can save a ton of money.
This belief has been around for years now, but for many reasons hasn’t been implemented in many companies, until now. The economy is forcing a lot of companies to reconsider every expense, from coffee in the office to leased corporate headquarters, many companies are looking for every way possible to save money. A recent article released by the Associated Press http://bit.ly/31bxmA highlights how many small businesses are using Telecommuting to help save money.
Let’s look at a few of the major reasons, companies save money when they utilize telecommuters:
- Office space costs: For many companies leasing office space can be quite costly and while many companies can’t completely get rid of their office space, they can reduce their footprint and have employees rotate on who works in the office on given days.
- Utility costs: Many employees are willing to pick up the tab on utility costs such as power, HVAC, and even Internet costs! Statistically, offices consume 7-8 times more energy to run equipment than corresponding homes. The trade off most employees make is, “I’m saving money by not driving, dry cleaning, eating out at lunch, etc; so therefore I’m willing to pick up the additional utility costs of working from home. (Note: special consideration needs to be paid when employees are using their own routers and internet connections. Many security protocols and help desks are not fully equipped for home user equipment.)
- Parking/Maintenance expenses: Many employers either pay for parking lot usage, or subsidize employee parking costs, when located in urban settings. Having less people park reduces those expenses. Additionally, there is less for cleaning crews to clean and less building space to maintain.
- Furniture Costs: Employees working from home can often supply their own furniture for working, this helps to reduce the companies costs of leasing or purchasing furniture.
- Real Estate Taxes: Employers are NOT required to pay real estate taxes on employees’ home offices and with the Federal Government increasing Corporate Real Estate taxes, this is just one more way for businesses to reduce their overhead expenses.
For more Telecommuting Savings Statistics, click here. If you are considering allowing employees to work Remotely or Telecommute and need help with where to start. Please feel free to contact me directly.
Brandon Dempsey
President: SuiteCommute
Brandon@SuiteCommute.com
888-878-4832