Bring Your Own Device programs are increasing across industry categories. Companies can save on company-owned devices and employees can use their beloved mobiles at work.
In the corporate environment, it was previously the norm for workers to carry company-owned devices. Now that it is common for people to own mobile devices, and in response to the companies’ desire to cut costs, enterprises are embracing Bring Your Own Device (BYOD) programs. Highly regulated and security-conscious industries such as Finance and Insurance, Healthcare, are leading this trend, along with larger businesses. Device connection software firm Good Technology conducted a two-part basic survey (PDF) on their customers which found that 72 percent of respondents support BYOD programs as of October, up from 60 percent in January 2011. The large companies mostly represent Finance/Insurance and Healthcare industries, which despite their more complex regulatory, security and compliance requirements have a higher adoption rate because they have so much more productivity to gain as information-driven organizations.
Employee will pay device or plan costs in order to use a favorite gadget
Half of respondents say that employees cover all device and data plan costs, 25 percent use a stipend to help lower costs and encourage participation, and 20 percent allow eligible employees to expense back mobile service costs - with prior management approval and a fixed expense cap. Across industries, a company-owned device is about $80 per month, with highest costs reported by Professional Services, Healthcare and Finance/Insurance. By shifting costs to employees in the BYOD system, mobile employees are able to use their favorite devices, and companies have been able to reduce company-owned devices by as much as 60 percent. This results in huge company savings with employee support.
For employees, money back in BYOD programs matters less than choice
Over half of BYOD companies have 21-40 percent or more employees mobile enabled. When BYODs offer a stipend program, they have 74 percent enabled employees. Expense-back programs do not see higher enable rates, due to approval requirements. Multiple approaches result in varying employee participation regarding stipend or expense back approaches, but this has less impact than giving employees the freedom to choose - which they are willing to pay for.