With rapid environment degradation, it has become incumbent upon corporates to go green and adopt various methods to save Mother Earth that include paper-less office, deploying intelligent lighting in office, encouraging car pool among employees, allowing telecommuting for some of the staff, recycling office waste, etc. More and more companies are waking up to the need for saving the environment for the present generation and for the coming ones. There are innumerable benefits that accrue to a firm that adopts pro-environment practices which range from monetary benefits to employees retention. These measures even result in boosting employee productivity and attracting better manpower. We look at some of the major advantages that companies are enjoying by adopting such practices:
1 Saving in Energy Costs: There are energy costs involved in heating and cooling requirements for the comfort of the employees and the guests. A company which is prudent in these, saves a lot of money which can be used for employee welfare measures or for improving the bottomline of the company. According to a research, a company can save 10-50 percent of the energy costs when it chooses intelligent lighting and smart HVAC (heating, ventilation, air conditioning) system. Similarly, printing on both sides of a paper can bring down the paper cost by half. A company that adopts measures like smart lighting, reusing and recycling waste can achieve cost savings which would have otherwise been wasted.
2 Motivation to Employees: Employees of a company that adopts active environment saving measures actually motive the employees to do more for the company, according to a study carried out recently. A green environment also leads to happier workplaces and employees remain more cheerful. They like to come to office which not only improves the punctuality but also leads to a greater bonhomie amongst them. Employees of a company that employs ways and means to save the environment tend to be more careful at their homes and social places too about ungainful activities from the point of view of saving the nature.
3 Cost of Acquisition Of Employees: A company that chooses to go green has lower attrition and employees tend to stay longer, according to various studies. This has a direct bearing in cost of acquiring new employees with the attrition rate being much lower. The employees usually have a higher sense of responsibility and tend to bind with the company for longer durations. Thus, exist of older employees is lower and need for hiring new ones goes down.
4 Better Public Relations and Image: Apart from cost savings, it is also extremely savvy for companies to go green and mention it in their communication with external world including the customers. Adopting pro-environment measures have tremendous advantage from public relations and press coverage point of view. Such companies are highly regarded and command very good respect in the eyes of people at large.
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