Building the Employee Engagement Business Case
Posted by: Peter Grant - Thursday, September 29th, 2011
The business case for employee engagement is extremely compelling. Just taking the business travel component alone, CloudApps customers have achieved significant savings; with a typical return on investment of less than 4 months.
7% reduction in air travel costsBy aligning and engaging their employees, the results from one of CloudApps’ customers in the hi-tech industry with over 5,000 employees, who spend $22m on T&E, of which $17m is on flights and the balance on taxis and car mileage, saw the following savings:
- 27% reduction in taxi usage
- 15% reduction in mileage claims
- The recovery of over 27,000 hours (3,375 man days) per year that would otherwise have been lost traveling; hence increasing employee productivity
On average the results saw a reduction in annual travel expense costs of 9%.
During the same period of time a study was performed on a control group of non-participating employees, which saw anincrease to their travel expense costs by 2.1%