California is currently looking at launching a program similar to the federal governments work at home initiative. Preliminary studies show that work at home could save California $1.5 Billion annually in real estate, energy expenses, IT costs, office furniture and absenteeism. Click on this link to go to an article on News Junky Journal get more details.
The article also provides some details on savings that some other companies have achieved via work at Home. According to the articles “AT&T’s teleworking program has helped the company cut its yearly real estate costs by $30 million. Deloitte LLP saved $30 million in 2008 after redesigning facilities to accommodate mobile workers who don’t need permanent desks. IBM cut its real estate costs by $50 million a year”. The article also reported that “Cisco saves approximately $277 million each year in time and productivity costs. Nortel determined they would make up the entire cost to outfit and equip a teleworker in the first year if absenteeism was reduced by 3.5 days”.
Lastly the article announced a symposium some of you may be interested in. It’s taking place in Sacramento and focuses on work at home. State, Federal and non-profit employees can attend for free. All others pay only $95.
I hope you enjoy the article and I look forward to your feedback.