Higher Investments in Employee Mobility Correlate to Higher Company Growth According to Runzheimer International Report
Sixth Annual Report Reveals Common Mobility Practices among Top Growth Companies
WATERFORD, Wis., April 2, 2012 /PRNewswire/ -- The 2011 Runzheimer International Total Employee Mobility Benchmark Report released today shows that high growth organizations – growing 10% or more annually – invested an average of $12,352 on each mobile employee, while lower growth companies – growing 1% or less annually - invested an average $7,830 per mobile employee, indicating a direct correlation between higher investment in employee mobility and higher organizational growth.
The 2011 Employee Mobility® (TEM®) Benchmark report, in its sixth edition, is published by Runzheimer International, the global leader in workforce mobility programs. The report covers key areas of mobility including Business Vehicles, Business Travel, Mobile Device Management, Domestic Relocation and International Assignments.
"Investments in the mobile workforce can provide significant benefits to organizations, as evidenced by our TEM survey this year," said Greg Harper, president of Runzheimer International. "To ensure a greater return on these costs, organizations must benchmark programs to identify improvements. Our annual report is an important way for companies to learn more about current mobile workforce trends and compare their organizations to other companies, providing an important measurement baseline."
TEM Report Key Findings:
Mobile Workforce Costs and Trends
- Participants invested an average of $9,630 on each mobile employee
- Mobility investments increased 4% over the 2010 figure of $9,280
- 37% anticipate an increase in travel program spending in the next year
- 39% indicated an increase in relocation program spending in the next year
- 67% anticipate an increase in international assignment program spending in the next year
- 90% of participants indicate 'smart phones' as the most common type of mobile device
- 67% of participants indicate telecommuting is available but restricted to certain employee groups
The Runzheimer International TEM Benchmark Survey provides valuable insights on employee mobility and how organizations manage this growing workforce. The report is available for purchase from Runzheimer International.
About Runzheimer International
Founded in 1933, Runzheimer International serves 60 percent of the Fortune 500 and numerous government agencies. Recognized for providing innovative solutions relating to Total Employee Mobility, Runzheimer is the global leader in workforce mobility programs including business vehicles, business travel, corporate aircraft, employee relocation and compensation, and mobile device management.
SOURCE Runzheimer International
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