|
Advantages
|
Disadvantages/Challenges
|
|
Saves office-space and parking requirements (some $2,000 of per employee)
|
Start up and operating costs: telework policy, guidelines, training, evaluation etc
|
|
Increases productivity and job performance (by 20% on average)
|
Jealous and/or resistant colleagues
|
|
Reduces absenteeism and healthcare-related costs (1 to 2 days per year on average)
|
Management resistance and skepticism
|
|
Can reduce long term disability costs
|
IT equipment and support costs
|
|
Reduces business disruptions due to emergencies (snow and other storms, power outages, floods, strikes, viral and other illness etc)
|
For some, may be harder to coordinate and control staff and monitor their performance
|
|
Savings reduce need to downsize
|
Security of information and files
|
|
Reduces travel costs
|
Employee safety issues
|
|
Increases flexibility to staff during peak workloads
|
Can disrupt affect "teamwork" and organizational culture
|
|
Accommodates those with health problems or disabilities
|
|
|
Improves morale and job satisfaction
|
|
|
Improves recruitment & retention of key employees. Reduced hiring and training costs.
|
|
|
Taps labour markets from geographically remote areas (in Canada or around the globe)
|
|
|
Potential for tax credits and other incentives
|
|
|
An option to relocating employees
|
|