Wasting time in traffic? It’s time to move on.
Think of your drive to and from work as a long-term relationship that’s run its course. What brought you together in the beginning was real: attraction and the promise of the road ahead. However, that road took some unexpected turns — turns in the wrong direction. It’s time to move on, but you’re blinded by the comfort of routine and spinning your wheels on the highway to nowhere.
Time is a terrible thing to waste…you gotta break free, but how? Perspective always helps.
The overall impact of time wasted, whether in bad relationship or sitting in traffic, can be minimized when viewed in a vacuum. Example: we’ve only been together for a few years. Perspective: you’re twenty; that’s 10% of your life.
Here’s another example: if you drive to and from work every day in the DC/Northern Virginia area, chances are you’re spending an average of roughly 1.5 hours every day in your car. Excluding holidays and weekends, there are 248 working days in 2016. At 1.5 hour per day, you can expect to spend 372 hours in your car this year just to get to work and back.
The typical work day is an 8 hour day. Taking that into consideration, in 2016 you will spend 46.5 working days in your car just to get to work — not to be confused with time spent actually working.
The U.S. Department of Labor cites the average allowance of PTO for a new employees as 8 days per year. For employees who have been with a company over 25 years, the average allowance for PTO is 15.7 days. In other words, you spend more time in your car traveling to and from work every year, than the amount of time your employer allows you to take off work.
In 2016, we’re developing new technologies designed to increase efficiency ostensibly on a daily basis. We’re bombarded with ads and opportunities and decisions that pull us in every direction. More so now than any other point in history, time is truly becoming a commodity.
And yet: 46.5 working days wasted sitting in traffic…time spent entirely getting to work, just so you can begin to work. It’s a staggering statistic.
The benefits of teleworking are not a one way street. Employers stand to gain even more than employees. Based on a report done by Global Workplace Analytics, there’s a long list of reasons why employers should implement a telework policy:
- Improve Employee Satisfaction
- Reduce Attrition
- Reduce Unscheduled Absences
- Increase Productivity
- Equalize Personalities and Reduce Potential for Discrimination
- Cut Down on Wasted Meetings
- Increase Employee Empowerment
- Increase Collaboration
- Provide New Employment Opportunities for the un-/under employed
- Expand Talent Pool
- Offer Quick Scale Up and Scale Down Opportunities
- Ensure Continuity of Operations in the Event of a Disaster
- Improves Performance Measurement Systems
- Offers Access to Grants and Financial Incentives
But the biggest benefit to an employer will come when they look at their wallets. Telework saves employers money; and depending on the size of your company, and the amount that employees are allowed to telework, we could be talking about hundreds of thousands or even millions of dollars per year.
IBM reported that they slashed real estate costs by $50 million through their telework programs. In fact, the average real estate savings with full-time telework is $10,000 per employee per year. Nortel estimates that they save $100,000 per employee they don’t have to relocate.
The stats don’t lie: telework can boost a company’s bottom line as fast, or faster, than nearly any other policy change.
This summer, as WMATA continues their SafeTrack plan and even more cars are on the road, maybe it’s about time to take a closer look at your company’s telework policy. If you want to find out more about how you can save your company money, and give time and freedom back to your employees, reach out to the Tysons TMA.