Over the years, the growth of video conferencing has been driven by the desire to control travel costs, a need to reduce response times, mergers and acquisitions, changes in workforce culture and the need for a more modern mode of communication and collaboration.
These video conferencing statistics relate to ROI and bottom-line metrics:
- 80% consider teleworking to be a job perk
- 72% of employers say teleworking has a high impact on employee retention
- 70% of telecommuters rate teleworking somewhat to extremely important in choosing their next job
- 36% of remote workers would choose a work-from-home option over a pay raise
- 33% of users said that video communication has decreased their work-related travels
- 47% have seen some reduction in travel due to video
- 35% have reduced up to half their business travel due to video communication
- 31% of users believe that companies that heavily use video communication care more about the environment
- 30% average travel cost savings for businesses that use video conferencing
- 16% of global companies are remote: empowering stay at home employees to video conference
- Companies that offer remote work are 25% less likely to see employee turnover
- If employees worked from home just half the time annually:
- $11,000 savings per person per year for a typical business
- $2,000-$7,000 yearly savings for the telecommuter
- $400 billion national savings a year
- Telecommuters gain back 11 days a year
- Greenhouse gas reduction would be the equivalent of taking the entire New York state workforce off the road
- Poor video quality conference call software loses business up to $34B annually
Source: Original article 2019 Impact of Video Conferencing Report