Article Organizational Strategy 1 min read
Online Telecommuting Calculator: How To Save Money
A new online telecommuting calculator makes it a breeze to figure out the cost savings from working at home.
Heads up: this content is over 5 years old, so some information may be out of date.
We already know the productivity gains from telecommuting (opens in a new tab), but what about the financial gains?
For those curious as to the amount of gas, time, and money saved from telecommuting, you might be interested in checking out a new online telecommuting calculator (opens in a new tab) (from GovLoop, with the help of HP) that breaks it down — to the penny, the hour, and the pound of carbon dioxide saved.
The calculator uses information from a variety of studies and federal databases to crunch the numbers.
Let’s say, for example, you own an SUV, have a one-hour total commute, and drive 30 miles per day. If you want to go to the office only twice per week, where does that put you? According to the calculator:
- Money saved: $6,170 per year
- Time saved: 156 hours of productivity
- Greenhouse gas reduction: 4,196 pounds per year
The calculator also breaks things down by teams, in case you want to figure out how your association might benefit organizationally from a couple of days away from the office.
Has your team considered telecommuting? Are you currently telecommuting right now? Let us know what you think.
(via Fast Company (opens in a new tab))
(TMG archive photo)
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