Tag : Cost Reduction

Changing Times

Companies need to come out stronger and innovate in these difficult times. These are truly testing times that will test companies to innovate in their field.

Companies can have several departments work from home, let me tell you why that is going to change the face of the corporate world. Bear with me, we are going to dive into the nitty and gritty of it.

If it isn’t a cooperate office, companies barely invest in the property itself and choose to pay rent. Having employees work from home saves them thousands of dollars on rent a year and that’s just rent, less to no employees on a worksite will mean less usage of utilities and other perks that the company offers as well or even the basic necessities, like toilet paper or snacks.

You might ask yourself how much the company actually spends on office supplies itself per employee. Businesses with one to four employees spent $77 to $92 per month, Businesses with 40 employees spend $45 to $53 per employee per month and Businesses with over 200 employees spend $27 to $32 per employee per month and that’s just on office supplies. Companies that use more paper almost spend $1000 on average per month per employee.

On average an employee spends 26 minutes in commuting to work and 26 minutes back. That’s 52 minutes the employee loses in the day and doesn’t get paid for. Cost per employee really accumulates every month as you break it down for each employee.

Having employees work from home will have a lower carbon footprint overall as they don’t need to travel to get to work and they will also save time in deciding what to wear and they won’t be taking time to get dressed every morning if they are just logging into work from home

Having several departments work from home will save the company thousands of dollars, a year which can be put back into the business or increase salaries of employees.

Research conducted by business news daily and Stanford states that employees working from home increases their productivity, their breaks are more effective in refreshing them and helps them stay more productive more efficiently when working from home.

This crisis has really opened up our eyes to how inefficiently we can be operating in the world and how much more we can be productive and effectively use our resources, especially if it helps mother earth and humankind in the bargain while saving you money.

[Founder- Nicholas R.Fernandes]