This story on telecommuting is sponsored by America First Credit Union – The member-owned, not-for-profit cooperative financial institution is the largest credit union in the state of Utah.
The number of telecommuters in the US increased 115% over the past ten years. Now, nearly 3% of American workers earn their living working from home.
Rex Rollo, CFO of America First Credit Union (AFCU), joined KSL News Radio’s Jeff Caplan to describe the advantages of telecommuting
Many people still see the telecommuting community as a bunch of young moms willing to trade working from home for lower pay. Here are the surprising facts:
Telecommuting Pays More
This fact probably surprises the most people. The annual income for the work from home crowd averages $4,000 more than their in- office counterparts. The higher pay is good, but also think of all the money you’ll save on gas and lunches.
Companies That Embrace Technology Embrace Telecommuting
As companies embrace new technology, they look closely at telecommuting as an option. America First Credit Union (AFCU) CFO Rex Rollo sees the competitive advantage this brings to AFCU, “flexible hours, no commute times, and other benefits help in recruiting, retaining, and certainly in satisfaction of employees”.
The Federal Government Is An Early Adopter
Starting in 2010, the Federal Government dramatically increased the number of work from home employees. Today, just over 3% of Federal Government employees telecommute.
Telecommuting Is Not “Mostly Women”
Women make up 52% of telecommuters, so that’s a pretty even gender split.
Telecommuters are both men and women, but there are a few things they generally have in common: They are more highly educated and higher performing employees. Telecommuters also stay longer with their company. That’s a real benefit employers, and maybe one reason for the higher pay.
Telecommuting Is Not “Mostly Younger”
50% of home office employees are 45 or older, and that’s older than average. Perhaps the more experienced workers know what the younger workers don’t: Commutes are hard on your wallet and also on your free time.