Growing Companies Invest More In Their Mobile Workforce

Total Employee Mobility® Benchmarking Report shows high growth companies invest more per mobile employee.

Posted by Heidi Schwartz

Runzheimer International Total Employee Mobility® Benchmarking Report shows high growth companies invest more per mobile employee. (Photo: PRNewsFoto/Runzheimer International.)

The Runzheimer International® Total Employee Mobility® (TEM®) Benchmarking Report shows that companies with high revenue growth (greater than 10%) invested more in their mobile workforce than companies with little to no revenue growth. High growth companies invested an average of $11,779 per mobile employee, compared with an average of $6,527 for low growth companies.

The report also revealed that high growth companies employed a higher percentage of mobile employees than companies experiencing low growth. More than 85% of survey participants reported “improved employee productivity” after implementing enhancements to their mobility programs. The results illustrate that mobility programs and investments are a key ingredient for growth.

Additional key findings of the survey include:

  • Companies using an expense management automation solution spent an average of $2,775 less per traveler than companies using paper-based reporting;
  • Domestic relocation program spending increases are anticipated by 36% of respondents in the next year with 12% anticipating a ‘substantial increase’ in domestic relocation spending; and
  • Mobile device policies are not present in 37% of respondents’ organizations.

The 2012 Total Employee Mobility Benchmarking Report, in its eighth edition, covers key areas of employee mobility including Business Vehicles, Business Travel, Mobile Device Management, Domestic Relocation and International Assignments.

“We’re pleased that the survey findings show that many companies recognize the need for—and have implemented—solid mobility management practices,” said Greg Harper, president and CEO of Runzheimer International. “The survey findings also demonstrate the opportunity for low growth companies to re-evaluate their mobility management programs to ensure the right policies, processes and investments are in place to enable growth.

“Growing companies are investing more in mobile employees, and it is paying off,” Harper added. “This theme is consistent with prior survey findings, but it has never been as evident as in this year’s results.”

 

Economic Development, Executive Analysis, Industries, Office, Site Selection Factors, Surveys, Research & Forecast Analysis, Workforce Development

High Growth Companies, Mobile Workforce, Runzheimer

Sponsored Content
Featured Location

Location Spotlight: Explore Minnesota

With a diverse economy built on industry-leading companies, thriving small businesses, high innovation rates, world-class infrastructure and a skilled, educated, and engaged workforce, there’s room for everyone to thrive.

Featured Video

Webinars, Podcasts & Videos

Hear from leaders at the Destination Medical Center and Mayo Clinic Business Development in Rochester about why they feel Minnesota is filled with opportunities for founders and why investors should consider the power of startups in Minnesota.

Business Benefits In Minnesota, a Mayo Clinic Business Development and Destination Medical Center Perspective

Hear from leaders at the Destination Medical Center and Mayo Clinic Business Development in Rochester about why they feel Minnesota is filled with opportunities for founders and why investors should consider the power of startups in Minnesota.

Agricultural Heritage Meets Strong Manufacturing Base With a rich history in agriculture, the region is now made up of a strong manufacturing base, including everything from snack foods and Gatorade, to leading human resources software and revolutionary plug-less power systems for electric vehicles. Mount Rogers Regional Partnership's strategic East Coast location is the driving force.

Virginia’s i81-i77 Crossroads | Talent Retention & Manufacturing

Learn about manufacturing jobs and facilities in the Mount Rogers region of southwest Virginia. There is ample opportunity for education and jobs in a region rich with culture and heritage.

See what leaders at Polar Semiconductor believe are the key benefits of doing business in Minnesota.

Business Benefits In Minnesota, a Polar Semiconductor Perspective

Minnesota is a place where the stars align — geography, culture and institutions – to create an unmatched economic landscape. See what leaders at Polar Semiconductor believe are the key benefits of doing business in Minnesota.

Share to...