Maximize Your Competitive Advantage by Leveraging Telecommuting to Enhance ROI

Telecommute Connecticut's New Cost-Benefit Calculator Quantifies Savings

Return on Investment.  It's one of the key components to a successful business.  Balancing ROI, remaining competitive, retaining key employees in critical functions and improving job satisfaction are issues Connecticut employers struggle with all the time.

Implementing a telecommuting program can help employers effectively manage these issues. In fact, according to a 2009 CBIA survey, the top reasons Connecticut companies offer telecommuting to their employees are employee retention, increased productivity, recruitment and business continuity.

Telecommute Connecticut, a free service available to Connecticut employers, believes now is the perfect time to reassess ways to maximize your competitive advantage through telecommuting. Most often, cost savings achieved through telecommuting are attributable to increased productivity, decreased turnover and reduced office/parking requirements. But how do you quantify these savings?

Telecommute Connecticut has developed a Cost-Benefit Analysis Calculator, a new online interactive tool that provides a customized means of determining ROI for your company. "Cost-benefit analysis is often the primary driver of the telecommuting process," says Laura Collins, a Human Resources Consultant for Telecommute Connecticut. "This is a very effective tool that helps businesses turn the intuitive benefits of telecommuting into tangible financial returns. The goal of the Cost-Benefit Calculator is to help support an organization's business plan from a financial perspective."

By using the Cost-Benefit Calculator, you can analyze the potential costs and benefits of telecommuting to your own unique organization. The calculator is easy to use and allows you to perform a cost-benefit analysis for each potential telecommuter by either plugging in your own numbers in the categories impacted by telecommuting or utilizing the default assumptions that Telecommute Connecticut has developed based on actual experience with Connecticut businesses.

To start putting the ROI calculator to work for you, visit Telecommute Connecticut at www.telecommutect.com and click on "Employers' Info."

To learn more about the calculator and how Connecticut companies that offer telecommuting have been able to improve cost-efficiency and ROI, view a free Telecommute Connecticut webinar, "Outperform Your Competition by Leveraging Telecommuting to Enhance ROI" at www.telecommutect.com/employers/resources.php. 

For more information on the benefits of telecommuting or to schedule a free consultation with a program expert, visit www.telecommutect.com or call Telecommute Connecticut at 1-800-255-7433.

 

Telecommute Connecticut is a statewide initiative funded through the Connecticut Department of Transportation and has provided free assistance to more than 230 Connecticut employers with the design, development and implementation of telecommuting as a work-site alternative.