Telework Enhancement Act Could Save Tax Payers $15 Billion a Year Say Citrix Online and Telework Research Network
November 22 2010 - 11:46AM
Business Wire
Citrix Online, a division of Citrix Systems, Inc., and the
Telework Research Network estimate tax payers could save $15
billion a year based on Telework Research Network’s Savings
Calculator as a result of the Telework Enhancement Act of 2010
(H.R. 1722), passed by the House of Representatives on November
18.
Telework Research Network’s Research Calculator leveraged the
staggering costs of lost productivity from federal workers during
last winter's snowstorms to determine the potential savings. The
estimated $71 million a day lost by the government from federal
workers not being able to work from their offices would pay for the
five year cost of a telecommuting program (estimated by the Office
of Personnel Management at $30 million) in just one snow day.
Currently, 61 percent of the federal workforce holds a
telework-compatible job. Telework Research Network estimates that
if those eligible to work from home one day a week did so -
approximately 79 percent according to a recent Federal Telework
Study - significant benefits for government agencies, federal
employees and the nation could result.
For government agencies,
- Workers’ productivity could increase by
over $4.6 billion each year - equivalent to 26,000 man years of
work
- $850 million in annual real estate,
electricity, and related costs could be saved (based on a 5%
reduction and General Service Administration’s cost estimates)
For federal employees,
- $800-$2,700 per year savings in
transportation and work-related expenses (based on Bureau of Labor
Statistics and other data)
- 114 million gallons of gas per year
could be saved collectively (based on Environmental Protection
Agency data)
For the nation,
- Almost 6 million barrels and $465
million in imported oil could be saved (based on EPA data)
- Greenhouse gases could be reduced by 1
million tons per year—the equivalent of taking 193,000 cars off the
road (based on Environmental Protection Agency data)
Bernardo de Albergaria, vice president, general manager of
global marketing and eCommerce of Citrix Online, said: “Citrix
Online applauds last week’s passage of the Telework Enhancement
Act. We know through our own experience that adopting flexible work
practices, or workshifting as we call it, brings tremendous
benefits to an organization through improved productivity, lower
costs and healthier, happier workers. This Act could create
far-reaching benefits for the government and the nation as a whole,
including greater flexibility for workers and incredible savings
for Americans.”
Kate Lister, principal researcher at the Telework Research
Network, added: “As President Obama has repeatedly professed his
support for telework and work-life balance, I have little doubt
that this will be signed into law. While aimed at just the federal
workforce, I think the passage of this bill will send an important
message to private sector companies about the many benefits of
telecommuting and other alternative work arrangements.”
Related links
- Workshifting Benefits: The Bottom
Line
- Workshifting blog:
www.workshifting.com
- Twitter: @workshifting
About Citrix Systems, Inc.
Citrix Systems, Inc. (NASDAQ:CTXS) is a leading provider of
virtual computing solutions that help companies deliver IT as an
on-demand service. Founded in 1989, Citrix combines virtualization,
networking, and cloud computing technologies into a full portfolio
of products that enable virtual workstyles for users and virtual
datacenters for IT. More than 230,000 organizations worldwide rely
on Citrix to help them build simpler and more cost-effective IT
environments. Citrix partners with over 10,000 companies in more
than 100 countries. Annual revenue in 2009 was $1.61 billion.
Citrix Systems (NASDAQ:CTXS)
Historical Stock Chart
From Jul 2024 to Jul 2024
Citrix Systems (NASDAQ:CTXS)
Historical Stock Chart
From Jul 2023 to Jul 2024