A Strong Correlation between Video Conferencing and Increased Bottom-Line ROI

A Strong Correlation between Video Conferencing and Increased Bottom-Line ROI

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.

A Strong Correlation between Video Conferencing and Increased Bottom-Line ROI

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