More businesses are cutting costs by using the home workforce. Working from home is not just for stay at home moms, thanks to modern technology more than 15 million US workers are earning a living from home. Many of them are employed at large companies. It is also cost effective to hire offsite employees or to allow current staff to decide if they want to work from home.
Big Businesses Cut Costs Using Home Workforce
“Working from home is no longer the realm of new moms and start-up companies. Since 2000, the number of individuals working from home has increased to 13.4 million, or 9.5 percent of the workforce, according to a new report by the government. That represents an increase of 11 million people since 1997.
Small business owners and self-employed individuals make up the majority of home workers. According the U.S. Census Bureau, about 45 percent are self-employed, a trend that has increased as business owners attempt to cut costs. The recession has also affected the percentage because the number of overall individuals employed has declined.”
From coast to coast, big businesses have found that using the home workforce actually cuts costs. The government reports that self employed and small businesses are the fastest growing demographic for home workers. Looking closer at this trend we see that many workers have simply been squeezed out of the job market and must establish their own business to survive.