So, whilst we know flexible working is popular and important with employees, should you as employers be just as enthusiastic? What’s in it for you and is it something to start taking seriously, if you don’t already?
We’ve put together some research on the benefits of flexible working for businesses, so you can make the decision for yourself.
Increased Productivity
Ever heard the saying that a ‘person who feels appreciated will always do more than what is expected’? It’s true! A study of UK businesses and employees by HSBC found that nine in ten employees (89%) consider flexible working to be the biggest motivator to their productivity levels within the workplace. An employee who is treated with respect and given trust by allowing them to work flexibly, whether this is managing their own hours or being able to work from home, will ensure they give back to their employer, which can only be a good thing for business.
Reduced Absenteeism
Allowing an employee flexibility within their role is likely to lead to a reduction in absenteeism. Employees that have the flexibility to meet family and personal needs conveniently are much less likely to be absent from work on a regular basis, meaning a reduction in sickies and the associated costs.
Increased staff retention
Introducing flexible working amongst your staff will no doubt lead to increased staff retention. Increasingly workers are expecting more flexibility when it comes to having a satisfactory work-life balance, and younger employees especially will see no sense in an outdated 9-5 routine. If you’re able to offer employees what they crave, they’re going to remain loyal and not want to move on to your competitors who can offer them what they want.
Easier recruitment
Without the option for flexible working, you could be missing out on a massive pool of candidates when trying to recruit. The more flexible you can be, the wider and more diverse this pool will be, allowing skilled applicants who may need more flexible arrangements, the option to apply. Perhaps it’s a woman looking to return to work after having children or someone with a disability who would benefit from being allowed to start later. Both perfectly capable of the job but who never would have applied normally. A larger range of candidates will make recruiting the perfect person much easier for you and a more diverse workforce will lead to fresh ideas for your business.
Positive company image
With flexible working becoming increasingly popular, and employees demanding a better work life balance, companies which are seen to encourage and enable this are portrayed positively. Having an effective flexible working policy shows that you care about an employee’s well-being and personal life, which can only be an attractive prospect to potential employees and clients.
Looking to recruit? Our Recruitment Consultants can offer help and advice about today’s market and flexible working. Email us today or call 0203 585 7286.
