Remote Work Cost Savings Calculator
Use this calculator to estimate the potential cost savings for your company based on the number of remote work days employees take per week. With a few simple inputs, it will calculate your estimated savings, helping you better manage remote work policies and related costs.
Remote Work Cost Savings Calculator
Estimated Monthly Savings:
How To Calculate Remote Work Savings
Remote Work Cost Savings Definition
Remote Work Cost Savings calculates the reduction in costs for your company when employees work remotely.
The calculation takes into account the number of remote workdays per week and the potential savings in areas like office space, utilities, and other operational expenses.
Remote Work Savings Calculation
Remote Work Savings = (Savings per day x Number of remote workdays per week) x Number of employees
To calculate savings, you need to input the estimated savings for each remote day, how many days per week employees work remotely, and the total number of employees in your organization.
How To Calculate Remote Work Cost Savings
Remote Work Savings Formula
Remote Work Savings = (Savings per day x Number of remote workdays per week) x Number of employees
Use this formula to get an idea of how much your company could save with remote work policies in place. You can adjust the inputs to see how different scenarios impact your savings.
- Number of employees: Input the total number of employees working at your company.
- Savings per day: Enter the estimated savings your company experiences for each employee working remotely for a day (e.g., savings from office space, utilities, etc.).
- Number of remote workdays per week: Input the number of days per week your employees work remotely (maximum is 5 days).
- Click the Calculate button: After filling in all the necessary details, hit the “Calculate” button to see your estimated remote work cost savings.
Scroll down to view the results – your remote work savings will be displayed in the green box below.
Uses For The Remote Work Cost Savings Calculator
Reasons to Use the Remote Work Cost Savings Calculator
Cost Reduction Strategy: This calculator helps you evaluate potential savings from implementing remote work policies, allowing you to make informed decisions about office space and operational expenditures.
Budgeting and Financial Planning: Use the results to adjust your budget and allocate resources more efficiently, factoring in savings from reduced office space and other operational costs.
Employee Work Preferences: By understanding potential savings, you can make informed decisions on how many remote workdays to offer employees based on company goals.
Strategic Planning: This tool can assist you in adjusting office space requirements and other logistical needs as remote work becomes more integrated into your company culture.
Environmental Impact: Reducing office operations can also lead to a decrease in your carbon footprint, which is a key factor for companies with sustainability goals.
Related Resources For Remote Work Cost Savings
Office Space Calculator
If you want to quickly calculate savings from reduced office space usage, use this calculator.
Other Work Calculators
Here are a few other free calculators we’ve built:
Disclaimer: This calculator is for estimation purposes only. Please consult with your finance or HR team to assess savings specific to your organization, location, and other factors.
