Four reasons you should incorporate flexible working into your company
by Heat Recruitment
Flexible working is fast gaining traction in business. In an era of high employment, key decision makers are rolling out the perks – not only to attract new talent, but to improve retention rates. In a survey conducted on this issue, 70 per cent of respondents expressed a desire to decide their schedules.
Naturally, many business leaders may be averse to this style of working – after all, how can you ensure people are actually working if they are working from home? How can you keep an eye on when employees start work without being overbearing? Fear not though, the benefits are abundant and implementing this new working style will bring benefits.
- It allows employees a sense of ownership over their schedules
Nothing motivates a team more than an indication of trust in the team. Allowing people this freedom will not only boost morale but will encourage productivity. After all, flexible working is an award that can be taken away again. Allowing employees ownership over their schedules contribute to wellbeing, alleviating small stresses such as squeezing in doctors’ appointments or fitting the gym into your day. Having independence will certainly create empowerment.
- Encourages diversity
One of the greatest challenges in business at the moment is the lack of diversity in senior management. Thus, leading to the dreaded gender pay gap. A key reason is due to a larger ratio of mothers taking time out for parenthood compared to their male counterparts. Flexible working can be highly advantageous for new parents. Not only can you balance childcare commitments better, but working from home opportunities can allow both men and women valuable time with their children. Implementing flexible working could see gender ratios improve across the board.
- Improves morale and reduces absenteeism
As mentioned, entrusting your employees with flexibility will not only boost morale and self-pride, it can also have a direct impact on absenteeism. A survey by BT found that the productivity of its flexible workers increased by up to 30 per cent, and on top of that that they took 20 per cent fewer sick days. A trend rapidly growing in popularity is ‘duvet’ or ‘reset’ days. These are days off, no questions asked – just in case you need it. At Heat Recruitment, we have implemented duvet days and have seen a significant improvement to the wellbeing of our employees, driving down rates of absenteeism.
- Attracting and retaining employees
A company that offers flexible working stands out from the crowd. Flexi-work topped the list of a survey asking employees what they wanted from their company. During a time of high competition in the hiring world, adding another perk to your package demonstrates that you’re willing to go that extra mile to secure top-tier candidates.
Not only does it work well for attraction, but retention also. As identified in this article, parents are more likely to come back to work. Additionally, it’s a perk that people love – structuring your work day around your commitments will give employees satisfaction. A survey by the CIPD identified that 75 per cent of employers believe that flexible working has a positive effect on retention, and 73 per cent said it improves motivation. What’s not to love?
By Esther Alley