Key Findings of the 2021 WorkAnywhere Benchmark Report
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Key Findings of the 2021 WorkAnywhere Benchmark Report

Headshot of a man with greenery in the background By Ken Robinson December 7, 2021

Categories: Bring Your Own Mobile Workforce Vehicle Reimbursement

What’s your company’s approach to remote work? Do you have a managed mobility services program? How about your business vehicle program? Do you know how your approach compares with organizations of similar sizes? This information, while insightful, isn’t generally available. That is unless you’re reading the 2021 WorkAnywhere Benchmark Report 

This report, which covers practices from companies of all sizes and industry sectors, provides insight into the areas of device, vehicle and remote work programs. Here are some key findings from the report. 

1). Employees who work remotely 60 – 80% of the time are more engaged than those who work exclusively in one place. 

Why is this important?

Following the pandemic, the popularity of remote work has only risen. Yet many companies remain resistant to enable their employees to work mobile. Senior leadership want employees to return to the office. But demanding in-office work 24/7 can come at a price. 

Many factors contribute to employees being more engaged with their work away from a company setting. Overarching is the appreciation of the flexibility employees enjoy in their schedules when they work from home. When an employer enables their people to work mobile, employees see it as a kindness. When an employer demands employees return to the office, those employees begin to look for workplaces that offer flexibility. 

2). Average bring-your-own-device (BYOD) stipend is $44 per month. 

Why is this important? 

Controlling costs has risen from priority to essential. Where budget can be tightened, companies cinch up. One big area of expense is company device programs. Employers can provide employees with corporate devices, but this program tends to lean toward the expensive side. With a bring-your-own-device program, employers reimburse their employees for the business use of their personal phones. 

This trend gives rise to arguments around cyber security and the struggle to find work life balance. Employers should investigate policy adjustments that minimize the burden and risk on IT teams while creating an environment where employees can use the tools they like best. When properly implemented, a bring-your-own-device program can be a secure, cost-effective option. But it doesn’t have to be one or the other. Using the right vendor, companies may also be able to offer both a company-provided-device program and a BYOD program. 

3). Fleet programs cost 29% – 30% more than FAVR programs. 

Why is this important? 

Cost control has been a major point in the post. Vehicle programs are no exception. Companies like fleet programs for numerous reasons: familiarity, image control, employee-perceived perk. More often than not, it’s the only program they’re aware of. And if they want their mobile workers driving around in BMW 3 series, they can provide them with BMWs. It might even be a perk with wins over talent in the final stage of the interview. But fleet programs have some major drawbacks: expense, administration and liability exposure. 

As cool as it may be to be known as the company with a sales team of BMW drivers, those BMWs cost money. Leased or purchased, companies must also perform routine maintenance on each vehicle. Fuel is yet another expense the company pays for. There’s so much going on with a fleet program it requires full time personnel within the company. Then there are accidents. Should the driver of a fleet vehicle be found at fault in an accident, more often than not, the company faces lawsuits. With the right vehicle program, employers can control costs, decrease administration needs and limit vehicle accident liability.   

Curious to Know More? 

Informed decision makers have an important edge over the competition, especially with recent business trends. While there’s a lot to those three key findings of the 2021 WorkAnywhere Benchmark Report, there’s plenty more where they came from. If you’re interested in learning more about trends in remote work, device and vehicle programs, you can find it here. 

Read the Report

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