Improved competitiveness, such as being able to react to changing market conditions more effectively. Here, Sarah McCarthy highlights 10 benefits that employers commonly offer in a flex scheme. Cloud technology allows workers to touch documents outside the office environment. Most importantly, flexible working arrangements are inexpensive to implement and offer a quick, measurable return on investment in the form of employee output. After all, smaller companies are unlikely to have the same level of flexibility as their larger scale neighbours. The flow of projects and work may increase as employees are able to work when they accomplish most, feel freshest, and enjoy working. Improved diversity. Is flexible working the answer? The study tends to confirm judgements that many people have been making for some time about the benefits of flexible working. 8. When assessing adaptability and flexibility, recruiters may look for someone who can show: Intellectual flexibility – keeping an open mind is important. Flexible work configurations allow employees to work when they accomplish most, feel freshest, and enjoy working. 3rd September 2019 6:00 am 9th September 2019 10:16 am. googletag.cmd = googletag.cmd || []; Flexible work environments are wholly enabled by a digital workplace – video conferencing and digital collaboration – and it’s a good thing for employee engagement. One that many workers point to first is the flexibility to meet family needs, personal obligations, and life responsibilities conveniently. ARTICLE BY: Viola Lloyd | Published: 24 May 2011. var googletag = googletag || {}; A boost to morale helps with levels of absence and can improve productivity. Flexible work is an added incentive to staff and a gesture from your business that they are valued, not just as employees, but as people with interests and obligations outside of work. In addition to flexible working conditions optimising the output of your employees there are a number of financial benefits to be gained from introducing flexible working. For example, the law only permits employees to request flexible working formally after being employed for 26 weeks. Attracting … Teams that work well together are, therefore, essential in improving service and meeting the needs of customers. Flexible working creates better economics. 19. Flexible working conditions and their effects on employee health and wellbeing (Review) by Joyce K, Pabayo R, Critchley JA, Bambra C, is a welcome addition to the knowledge base of flexible working. There are benefits that flexible working brings that are less obvious than those mentioned above, but should still be taken into account when considering whether to introduce or extend your flexible working scheme. Flexibility to better meet family and personal needs, Have more control over your time schedule and working environment, Can work during the hours that fit your energy cycles best, Enhances company image as a family-friendly place to work, Difficult for office-based staff to work as effectively with telecommuting staff, Working from home may mislead loved ones about your availability, No clear dividing line between home and work, Some employees may not work efficiently without supervision, Compressed work weeks may mean client availability suffers, Feelings of unfairness when only certain employees have work that can be done remotely. Readers noted the importance of being able to drop into a yoga class midday, or being able to maintain their running schedule sans a 4:00 a.m. waking hour. She has covered HR for The Balance Careers since 2000. Financial Benefits We now live in a digitally connected global economy that operates 24/7. Download the Salary Guide now. It doesn’t just work for those with caring responsibilities, it can benefit all groups of workers. It allows flexibility. These challenges have multiplied during the coronavirus pandemic as unheard of numbers of employees, for reasons of safety, are working remotely from home. If an employee requires structure, they may find it difficult to focus on work and not the household chores and entertainment. googletag.defineSlot('/21798641100/Sidebar2', [[300, 250], [300, 600]], 'div-gpt-ad-1552319564911-0').addService(googletag.pubads()); Providing options can extend your hours of operation which is especially important for departments such as customer service or technical support. 3. What Is Workplace Flexibility? 5. As a result, a flexible workforce ensures cost effectiveness and more flexible employment opportunities, matching the needs of both employers and employees. It’s hard if the employees working there would not be able to accept such changes, leading to a decrease in work output and motivation in general. A popular conception in the job marketplace … What Health Benefits Can You Achieve From Being Flexible?. Many managers feel that early birds are hard workers and night owls are slackers. Employees can increase their leave entitlement through buying … Flexible working arrangements can boost employee well being by reducing stress and strengthen loyalty. By allowing employees to determine their own schedule and work environment, you appeal to the entrepreneurial spirit—which can be good for your employees. Being able to work flexibly may, at first glance, appear to be the answer to the work/life balance conundrum with no apparent downsides. Earning potential can remain the same. 2. Care for your family We give you time away to focus on the people who matter most with leave for new parents and family caregiver leave. Lots of people set new years resolutions each year that involve “giving back” “donating more” “helping others whenever you can” – but find it hard to locate opportunities to do so. Radioactive PR boosted work-life balance with four-day working week. 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