Improved competitiveness, such as being able to react to changing market conditions more effectively. Just make sure you’ve done your research before you make your requests. The option also reduces employee turnover, absenteeism, and tardiness by allowing workers to flex hours around home and family obligations. 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. 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. Flexible working isn’t just good for employees, it is good for business. How Employees Can Readjust to Office Life, How to Optimize Productivity While Working From Home, Employee Work Schedules That Encourage Flexibility and Success, See the Advantages and Disadvantages of a Paid Time Off Policy (PTO), How to Implement a Long-Term Remote Work Plan, How to Negotiate to Remote Work From Home During COVID-19, How to Maintain Company Culture While Remote Working, Reasons Why Teleworking Should Be an Option for Employees, How to Find Work-From-Home Jobs That Are Hiring Now, Tips to Negotiate a Flexible Work Schedule, How to Improve Remote Team Collaboration and Workflow, allows employees to work flexible schedules, determine their own schedule and work environment. The idea of being ‘flexible with flexibility’ is really about old fashioned give and take. googletag.defineSlot('/21798641100/ArticleAd', [300, 250], 'div-gpt-ad-1553701159481-0').addService(googletag.pubads()); Overall, a flexible work environment is beneficial to both employers and employees. No clear delineation between work and home exists with a flexible schedule. 19. Flexible work configurations allow employees to work when they accomplish most, feel freshest, and enjoy working. Flexible work environments are wholly enabled by a digital workplace – video conferencing and digital collaboration – and it’s a good thing for employee engagement. Another popular flexible working arrangement is “Remote Working” or “Working from Home”. Advantages of Flexible Labour Markets. 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. It helps employers stay active longer in the work day. Flexible work can help reduce stress levels, increase productivity, boost morale, reduce lateness and absenteeism, reduce employee turnover and enhance the image of being family friendly. Employee Life and Family Challenges With Flexible Work Schedules? Flexible nature shows that you are confident in the work that you are taking up. If you have a great flexible work pattern, you are less likely to give this up. Case studies Employee wellbeing. Working from home—while becoming more common prior to the coronavirus pandemic—is still a foreign concept to many people. Giving up some control of work schedules gives increased employee morale, engagement, and commitment to the organization. One that many workers point to first is the flexibility to meet family needs, personal obligations, and life responsibilities conveniently. There are two distinctive sides to the benefits from having multi-skilled people within a company. More Efficient Time Management. Employees can manage their time more efficiently if given the choice of working remotely or choosing their own hours. Five benefits of work-life balance ... whether it’s to cover moving expenses or gain flexible working hours. Different working hours and the extended use of technology might even mean your employer can offer extended hours, services or a greater range to clients or customers. 3. Benefits from flex working are valuable for retaining staff. Improved competitiveness, such as being able to react to changing market conditions more effectively. Top 10 Benefits of Flexible Work Policies for Companies. Stretching your body to become more supple and flexible offers many physical benefits. When you use flexible schedules sometimes that means work all of the time. With flexible work schedules, employers experience benefits as well. By allowing employees to determine their own schedule and work environment, you appeal to the entrepreneurial spirit—which can be good for your employees. You will reduce the square footage requirements of office space and the cost of desks, chairs, computers, and other necessary equipment. Flexible working is a way of working that suits an employee’s needs, for example having flexible start and finish times, or working from home. And this alone is one of the greatest gifts anyone can give to their business. Benefit of Being Organized #11: Promotes Charity, Giving, & Help Others. 51% of UK employees want more flexible work options; The benefits of hot desking; Workers may tend to show an increase in their productivity levels, as well as … Overall, the advantages generally outweigh the disadvantages and a good manager can handle the disadvantages. There have been some changes to claiming certain benefits due to the coronavirus pandemic. googletag.enableServices(); 87% of respondents said it would create more time to spend with family or friends. Stay fit and young at any age by making flexibility one of your workout goals. When staff members work from home, they are likely to be less tired and better rested, reducing the risks of fatigue, burnout and stress that can be the result of a toxic workplace culture. In a recent survey by FlexJobs and WorldatWork, a paltry 3 percent of companies were trying to assess the importance of flexible work as it related to the company. Many employees view being offered flexible working opportunities as a sign they are valued by the company. Flexible working arrangements can boost employee well being by reducing stress and strengthen loyalty. Fewer buildings to maintain, less commuting to and from work, and fewer used office supplies to dispose of are just some of the ways flexible work policies help … Mostly I work over 5 days but, for example, over the summer holidays I will compress my hours and work a 4-day week. Teams that work well together are, therefore, essential in improving service and meeting the needs of customers. var googletag = googletag || {}; Whether you’re a morning personor feel sharper in the afternoons, flexible working enables you, within reason, to be on the job when you’re feeling at your best. These challenges have multiplied during the coronavirus pandemic as unheard of numbers of employees, for reasons of safety, are working remotely from home. It’s also quite clear that flexible work options are becoming a decisive factor in recruitment and retention. Also, in team-oriented departments, teams still need to meet, which requires set guidelines and the juggling of schedules. Epilogue If you want the best of talents to work for your organization, you not only need to offer better paycheques but also provide extra benefits, such as a flexible work arrangement. The result is two full-time jobs and incomes with no childcare costs. Overhead costs may drop when you employ remote workers. Business Benefits Office-oriented people sometimes view their work-at-home colleagues as slackers because they can't physically see their activity and productivity. 7. Another benefit for flexible workers is the opportunity to take more breaks; one study found that 17-minute breaks are a great way to keep moving and be productive. The routine of working at home can undoubtedly allow individuals to workout on their own terms. I now work a flexible 30 hour week, I keep tabs on how many hours I do a week but it is up to me when and where I work them. Case studies Employee wellbeing. 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. A reduction in gasoline usage, carbon emissions, and tardiness by allowing workers to flex around... 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