Motus, the definitive provider of solutions for businesses with mobile-enabled workforces, has announced its newly expanded 2020 Mobile Workforce Benchmark Report, the company said.
For the first time, the report extends beyond vehicle programs to offer insights surrounding expenses associated with remote work and device programs as well. These additions were made to help business leaders identify targets for cost control, increase liquidity and position their organizations for future success.
The report found that 47% of company leaders plan to let employees work fully remote on a permanent basis, while 82% plan to allow remote work at least part of the time. This is a clear advantage to businesses looking to reallocate office real estate funds by instead reimbursing team members for remote work expenses such as broadband Internet, dedicated workspace, utilities and more. Companies that embrace remote work will save approximately USD 5,000 per employee per year, which would have otherwise been spent on dedicated office space.
By understanding the costs associated with vehicle programs, including fixed costs such as insurance premiums, license and registration fees, taxes and depreciation and variable costs like gas, oil, maintenance and tire wear, business leaders can choose the approach that makes the most sense for their organization when it comes to the type of program that has the best value relative to cost.
As for mobile device programs, the two most popular options are bring your own device (BYOD) and company provided device (CPD) programs. The average annual spend per company-provided device is USD 1,063. In the average company-provided device program, 16% of devices are never used. As a result, 55% of organizations choose to instead reimburse their employees for the use of personal devices for business, but reimbursement amounts vary widely, with most amounts ranging between USD 31-USD 90 per month.
To download the full Motus 2020 Mobile Workforce Benchmark Report, visit https://resources.motus.com/reports/2020-mobile-workforce-benchmark-report.
Motus is the definitive provider of solutions for businesses with mobile-enabled workforces. Motus simplifies reimbursement and management of mileage, mobile devices and remote work with proprietary software that calculates personalized reimbursements for each employee, while improving employee productivity, reducing overall mobility costs and supporting customers´ tax and labor law compliance programs. For more information visit www.motus.com