Telecommuters save big bucks for employers — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
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.
The IRS is in the middle of intensive line-by-line payroll audits to ensure that your withholding procedures are 100% correct. And it's not just the IRS. The U.S. Department of Labor has been on the prowl lately for employers that slip up on the confusing retirement contribution rules....Click here to find out more.