Reports touting the bottom-line benefits of telework keep rolling in. Earlier this month we reported on a study that found a correlation between revenue growth and telework in small businesses. Now, the WSJ is reporting on a new study that finds a similar correlation for medium-sized firms as well:
Businesses that allowed employees to work remotely at least three times a month were more likely to log revenue growth of at least 10% within the last 12 months, compared with firms without such policies. [...]
That’s according to a new analysis of 812 small and medium-size companies in a range of industries by research firm IDC. [...]
Revenue growth for firms that have telecommuting programs was especially strong for businesses with between 10 and 250 people…
As always, correlation does not imply causation. Telework could be responsible for these revenue gains, but it’s also possible that some of these companies were able to start offering telework options to their employees because of stronger revenue growth. The causal relationship bears further study, but one way or another it’s becoming increasingly clear that telework and growth go hand-in-hand.
[Telecommuting image courtesy of Shutterstock]