This Week's Herman Trend Alert

Global Training Spending Finally
Growing Again--Part 1

 

  The Herman Trend Alert

July 1, 2009

Telecommuting to a Better Bottom Line

Telecommuting is a logical, stress-reducing, productivity gaining alternative to burning fossil fuels to travel to a congregate workspace.

Now the international technology giant Cisco Systems has just released a study of its own organization demonstrating these benefits and more. Using telecommuting, Cisco estimates annual savings of USD $277 Million. In its in-depth "Teleworker Survey" of almost 2,000 company employees, the company evaluated the social, economic, and environmental impacts associated with telecommuting.

The study found that telecommuting significantly increased employee productivity, work-life flexibility, and job satisfaction. In addition, the report cited that "a majority of respondents experienced a significant increase in work-life flexibility, productivity, and overall satisfaction as a result of their ability to work remotely".

The productivity gains were impressive. Approximately 69 percent of the employees surveyed cited higher productivity when working remotely, and 75 percent said the timeliness of their work improved. Sixty-seven percent reported work quality improvement. Telecommuting can also lead to better employee retention; more than 91 percent of participants said telecommuting was somewhat or very important to their overall satisfaction and 80 percent believed they enjoyed an improved quality of life.

In addition, the environment benefits. In 2008, due to avoided travel Cisco teleworkers prevented the release of approximately 47,320 metric tons of greenhouse gas emissions. Cisco employees report a fuel cost savings of $10.3 million per year due to telecommuting---an average of over USD$5,000 per employee surveyed!

While the organization does manufacture software that facilitates telecommuting and telework, these savings, due to increased employee productivity, were realized internally. The 1,992 Cisco employees polled for this survey are located across five regions throughout the world. Forty percent of the respondents are not located in the same city as their managers. The average Cisco employee telecommutes 2.0 days per week.

Expect to see a continued, steady rise in the number and percentage of employees who telecommute which bodes well for Cisco and its products. The greatest obstacle is the inability of managers to feel comfortable when they are not sharing the same physical space with their direct reports. The good news: they are getting over it.


© Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Joyce Gioia, Strategic Business Futurist. 336-210-3547 or http://www.hermangroup.com. The Herman Trend Alert is a trademark of The Herman Group, Inc."

EMPLOYERS: HIRE OUR HEROES
Year-over-year listings on VetJobs.com, the largest military job board, are up 50%. The reason is simple. Veterans make great employees. They are dedicated and hard-working and many have advanced skills. Call 877-838-5627 or email info@vetjobs.com. Mention Trend Alert and receive a 10% discount on your first listing.

EDISON AWARDS' MEET THE INNOVATORS FORUM
Want to see the leading edge of innovation? Then you won't want to miss the Edison Awards' "Meet the Innovators Forum" and "Innovators' Showcase" in San Francisco, April 29th and 30th. Elon Musk is accepting their Edison Achievement Award and speaking. For more information, visit http://edisonawards.com/2014EdisonAwards/.

LEARN ABOUT YOUR EXCITING FUTURE: JOIN THE WORLD FUTURE SOCIETY
You subscribe to The Herman Trend Alert, because you are interested in the future. Now you can take that interest in what's ahead to the next level, by becoming a member of The World Future Society. Joining is easy and you won't believe the array of goodies you will receive just for signing up. Visit http://www.wfs.org/next25/ for more details on all you'll receive, including a year's subscription to "The Futurist" Magazine. You'll be glad you did!

To read this Herman Trend Alert on the web: http:// www.hermangroup.com/alert/archive_4-16-2014.html


Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers.

New subscribers are welcome. There is no charge for this public service. The Herman Trend Alert is read by over 30,000 subscribers in 87 countries, including other websites and printed periodicals. Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Herman Trend Alert service. Click here to sign up for the Herman Trend Alert.


Subscribe or Unsubscribe to weekly Herman Trend Alert
View this week's Herman Trend Alert
Archived Weekly Herman Trend Alerts

                                                                                                                                                                                                                                                                                                                                                                         


[ Home About Products Resources Media ]

 

7112 Viridian Lane
Austin, TX 78739
Voice: 336-210-3547
Toll Free in US & Canada: 800-227-3566
E-mail: info@hermangroup.com


  © The Herman Group. All rights reserved.

Web site design by WebEditor Design Services, Inc.