Employees who work from home save their companies $10,000 apiece because they call in sick less often and are less likely to change jobs. Employers save 63 percent of the cost of absenteeism per teleworking employee, or $2,086 per employee per year, according to a study by the International Telework Association and Council. Much of the savings flows from telecommuters’ ability to work part time on days when they ordinarily might have taken the day off. And because many telecommuters say they might not work for a firm without such arrangements, researchers figured that saves a company another $7,920 a year per employee in recruiting and retaining costs.
Even one payroll mistake can damage your standing in the office — and possibly your career. It’s important to spot the holes in your employee pay compliance before the feds or state agencies do....Click here to find out more.