Here are a few really good articles about employee sponsored coworking for remote employees and below we put together some points from these and others that sum up everything.
Financial Implications of Having Remote Workers:
Employer savings related to remote work…. Many businesses approach it as an opportunity to cut costs:
- Global Workplace Analytics estimates that a company can save $11,000 for every part-time remote employee. PGI estimates the average real-estate savings for companies with full-time remote employees to be $10,000 per employee per year. These savings can be attributed to:
- Real estate and furniture
- Office supplies, coffee
- Reimbursement for mileage and uptown parking
- Electricity, heating and air conditioning
- Other expenses that keep an office running such as limited custodial services
- Reduced turnover and absenteeism
- Productivity increase
Employee expenses related to remote work…. Employee related expenses include:
- Other than a laptop and phone, they need high-speed internet, they need a desk and (comfy) chair, and they need to have access to a suitable working environment.
- As a remote worker, they suddenly lose out on other “softer expenses”, like company-bought coffee, snacks, and needed office supplies.
- There’s also the issue of the portion of electricity and heating bills that go entirely towards working for their employer – who pays for those?
As remote work becomes more prevalent, a larger number of companies will be competing to attract this diverse talent pool. Those companies that offer to pay for certain expenses of remote workers will have an easier time attracting top talent:
- internet access
- coworking memberships
…..even after factoring in these expenses, remote workers likely still save companies money.