The Importance of Internet Reimbursement for Remote Workers
Internet reimbursement is a crucial component of supporting remote employees, as the number of individuals working from home has surged from 9 million in 2019 to over 27.6 million by 2025. This dramatic increase has heightened the need for clear policies around reimbursing necessary work expenses, including internet costs. Failing to reimburse can effectively result in a "salary cut" for employees, leading to decreased morale and productivity.
While 83% of companies cover equipment costs, only 51% reimburse internet expenses, indicating a significant gap. Employers can save approximately $11,000 per remote worker annually by reducing their physical office footprint. Some of these savings can be redirected to internet reimbursements, aligning with the trend where 42% of businesses are enhancing their remote work policies. Harvest can assist by accurately tracking internet-related expenses, although it doesn't directly handle policy compliance with state laws.