Internal study finds $277 million in cost savings
Cisco says it has achieved $277 million in productivity savings by allowing employees to work from home. According to this report by colleague Denise Dubie, an internal survey conducted by Cisco found employees to be happier and thriftier when allowed to work from home.
Cisco based its productivity savings on the number of billed hours at an average of $91 per hour, with the total figure reaching about $277 million, Dubie reports. In addition, the vendor estimated employees garnered fuel cost savings exceeding $10 million per year.
Cisco estimates that about 20,000 employees use the company’s Virtual Office to work remotely from their homes. Virtual Office enables remote users to connect to Cisco’s network through a VPN.
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