Cisco has revealed it has garnered more than $277 million in productivity savings by letting employees work from home using the company's own virtual office technology.

Not only does Cisco's telecommuting technology help the company save on collaboration technologies, but also the company's telework program makes employees happy, survey results show. Cisco based its productivity savings on the number of billed hours at an average of $91 per hour, with the total figure reaching about $277 million. In addition, the vendor estimated employees garnered fuel cost savings exceeding $10 million per year...