New Citrix Online Report Finds Virtual Workstyles Could Save U.S. Business More Than $400 Billion a Year
May 18 2010 - 11:18AM
Business Wire
A report commissioned by Citrix Online, a division of Citrix
Systems, (NASDAQ:CTXS), found that virtual work policies could save
U.S. businesses over $400 billion per year in increased
productivity, lower office costs, and reduced absenteeism and staff
turnover. Entitled “Workshifting Benefits: The Bottom Line,” the
report compiled by the Telework Research Network (TRN), quantifies
the many benefits in dollars and cents. In addition to the cost
savings for business, it also cites the benefits for individuals,
the environment and the nation as a whole.
Key findings
TRN’s Savings Calculator is based on data that shows 40% of
American workers could work from home at least some of the time1
and of those, 79% would choose to if given the opportunity2. If
those people worked from home just half of the time:
- A company of 100 people could
gain approx. $576,000 per year and the U.S. economy as a whole
would gain $235 billion in increased productivity.
- U.S. business would save an
additional $124 billion in office costs, $46 billion in reduced
absenteeism and $31 billion in reduced employee turnover.
- Each employee could save an
average of $362 on gas per year, plus $3,840 on related expenses
such as parking, food and clothing.
- Individuals could recoup approx.
2 weeks of free time per year otherwise spent commuting.
- Employee gas savings would
reduce U.S. greenhouse gas emissions by about 53 million metric
tons – the equivalent of taking over 9.6 million cars off the road
– and it would save $23 billion a year in imported oil, which
equates to approx. 288 million barrels of oil.
- U.S. taxpayers could save $2
billion in highway maintenance costs.
- As a nation, the U.S. would save
$11 billion in traffic accident costs.
Bernardo de Albergaria, vice president, general manager of
global marketing and eCommerce of Citrix Online, said: “Those of us
lucky enough to work at organizations that support flexible working
already understand the benefits: reduced stress, better work-life
balance, increased motivation, healthier lifestyles…I could go on.
It’s no surprise this has become a priority of the Obama
administration. But despite these benefits, fewer than 2% of U.S.
employees practice flexible working, partly due to fears of ‘out of
sight, out of mind.’ That’s why we set out to prove that
workshifting practices benefit businesses, employees and the nation
as a whole.”
Kate Lister, TRN’s principal and the report’s author, added: “By
any measure, workshifting makes sense for the U.S. It helps Baby
Boomers stay in the workforce longer if they choose to, and appeals
to Millennials’ desire for flexibility and independence. It also
provides more job opportunities for disabled workers, rural
residents, parents and caregivers. And then there are the
environmental benefits: just by workshifting, we could achieve 27%
of the President’s goal of reducing greenhouse gas emissions by
2020.”
Related links
- A full version of the report is
available at www.workshifting.com
- Infographic link depicting
statistics from workshifting report:
http://www.workshifting.com/2010/05/the-dollars-and-sense-of-workshifting.html
- Twitter: @workshifting
- Mark Templeton, President and
CEO of Citrix Systems, demonstrated his vision for virtual
workstyles, commenting on how Citrix virtualization and cloud
computing technology can be used to empower workshifting, in his
recent keynote address at Citrix Synergy 2010 (http://www.citrix.com/tv/#videos/2136)
- Citrix System’s recently
announced Innovation Award winner for 2010 also illustrates how
customers are using workshifting to drive business transformation:
http://web.citrix.com/synergy/innovationaward
About Citrix Systems, Inc.
Citrix Systems, Inc. (NASDAQ:CTXS) is a leading provider of
virtualization, networking and software-as-a-service (SaaS)
technologies for more than 230,000 organizations worldwide. Its
Citrix Delivery Center, Citrix Cloud Center (C3) and Citrix Online
Services product families radically simplify computing for millions
of users, delivering applications as an on–demand service to any
user, in any location on any device. Citrix customers include the
world’s largest Internet companies, 99 percent of Fortune Global
500 enterprises, and hundreds of thousands of small businesses and
prosumers worldwide. Citrix partners with over 10,000 companies
worldwide in more than 100 countries. Founded in 1989, annual
revenue in 2008 was $1.6 billion.
Citrix®, GoToTraining®, GoToMyPC®, GoToMeeting®, GoToWebinar®,
GoToAssist ® Corporate™, GoToAssist® Express™, GoView™, HiDef
Conferencing™ and HiDef Corporate™ are trademarks of Citrix
Systems, Inc. and/or one or more of its subsidiaries, and may be
registered in the U.S. Patent and Trademark Office and in other
countries. All other trademarks and registered trademarks are
property of their respective owners.
1 Based on research by Matthews & Williams, 2005
2 Based on WorldatWork.org’s 2009 Telework Trendlines
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