Whether you work from home or just wish you did, the demand is blossoming. More and more people are telecommuting, working on a flex schedule, or base their career entirely from home. In a recent poll, a surprising 36% of people would chose telecommuting over a pay raise. If that statistic does’t peak your interest consider that these telecommuters also report 25% less stress. The benefits far exceed the excitement of working from bed and being able to save lunch money.
The current estimates for Americans working from home is up to 1 out of every 5 people! That number is expected to continue to grow by up to 63% over the next 5 years. The statistics behind telecommuting supports the model’s growth, not only for the employees but for the employers as well. With savings projected in the thousands of dollars per employee annually, human resources and upper management is joining the band wagon as well.
The advantages aren’t limited to cutting down on traffic or cubicle time either. Employers taking part in the newly invigorated telecommuting movement are able to decrease turnover and increase productivity while simultaneously becoming more cost effective and eco-friendly. Being able to provide a better work-life balance to employees has become a huge advantage for both sides. As a result of saved travel time consumers gain the equivalent of 2-3 weeks of free time annually. The morale among these companies is growing as workers are able to remove their long or difficult commutes for portions of the week, or entirely in some cases.
If those employees who hold telework-compatible jobs (50% of the workforce) and wanted to work at home (79% of the workforce) and did so half of the time (roughly the national average), the economic benefit would total over $700 billion a year. Eighty percent of Americans drive a car to work each day. Coupled with an average commute time of 1.5 hours a day, this is an immense amount of greenhouse gases, oil, and productivity that everyone could reserve. From a safety perspective increased telecommuting would save almost 90,000 people from traffic-related injury or death, reducing accident-related costs by $10 billion a year.
Removing the limitations for home buyers is another advantage. Moving forward you can lessen the variables of selecting the perfect house that also happens to be close to the work place. This expansion in workplace functionality has rippling effects that everyone can benefit from. Effects such as fewer sick days and a massive pool of qualified employees to chose from should excite even the most traditional company models. The studies on teleworking suggests that 80% of these individuals are able to maintain a better work-live balance and 86% are more productive in their home office.
If you are on the fence about whether you prefer home or the office, you may not have to make that decision at all. The most benefit was gained when there was a flexibility to the work schedule. Although the benefits of telecommuting are huge some complained of loneliness, being left out of the promotion loop, and restricted access to coworkers and superiors for resources or just to ask questions.
Many companies are allowing for a combined scheduling to keep their workforce interacting and cohesive. It can also be difficult for management to keep tabs on entire teams they never lay eyes on. Some offices use apps, group media sessions, and in office meetings as options to stave off negative aspects of this new work life of the future.
Finally, you can look for a dream home outside your work commute! Time to check out some lookers outside the city’s center without a trade off for traffic troubles.
Email over eggs, anyone?