Tuesday, April 9, 2024

Hidden benefits on flexible working




Flexible working - giving flexibility over where, when and the hours people work - is increasingly in demand but the number of quality flexible jobs falls well short of that demand. There is an opportunity for employers to do more to provide flexibility for the benefit of all employees and organizations.

 
Flexible work schedules are increasingly popular. Single parents often find them crucial for balancing work and family responsibilities. And for many millennial employees, flexible work schedules provide a way to pursue their careers without surrendering the quality of work life they desire. There are several flexible work schedule options.
·
         Flextime
·
         Compressed workweek
·
         Flexible work schedule
·
         Workplace flexibility



 
During the COVID-19 pandemic era, both companies and employees have reaped benefits from flexible working arrangements. Employees facing increased living costs have found relief through reduced work-related expenses, while companies have seen operational costs decrease with remote work setups. Flexible working has promoted better work-life balance for employees and enabled companies to access a wider talent pool. Overall, it's been a mutually advantageous shift amidst the pandemic's challenges.
 

The potential benefits of flexible working

Flexible working can lead to direct and indirect business benefits. The direct business benefits include savings on office space, for example, using technological advances to allow remote working and hot desking. Flexible working also allows a better match between business resources and demand, for example serving customers on a 24/7 basis.

Indirect business benefits are achieved through improved employee job satisfaction and wellbeing. Research shows that flexible workers have a higher level of job satisfaction, commitment and are more likely to increase discretionary effort compared to those who do not work flexibly. Flexible working can also reduce absence rates and allows employees to manage disability and long-term health conditions, as well as supporting their mental health and stress, as shown in our Health and wellbeing at work survey.

Flexible working options can also be attractive to employees and new recruits, especially as employee expectations change with regard to their jobs, careers and work-life balance, and demographic changes affect employees’ needs to balance their job with other responsibilities such as caring - see our guide on creating care-friendly workplaces

 


Flexible work arrangements are the cornerstone of a progressive work environment. Embracing these arrangements isn't just a trend; it's a strategic decision that ensures businesses remain agile, responsive, and attractive in today's competitive landscape. As organizations navigate this paradigm shift, balancing benefits with challenges will pave the way for a thriving, adaptive workplace culture

 

 Flexible working models are here to stay. It is time to make them work for your workforce. All jobs can flex. This means that organizations can adopt a broader view of flexible working and offer a flex-working strategy that benefits everyone, not just those who work remotely. Despite the opportunities present in this area, our recent Global Talent Trends research revealed a disparity in opinions. Executives are concerned about remote working, but employees see things differently:



Overall, flexible working in modern industries is not just about accommodating employee preferences; it's about fostering a culture of trust, empowerment, and performance. By embracing flexible working arrangements, organizations can attract top talent, enhance employee satisfaction and well-being, and ultimately drive innovation and productivity in today's dynamic business landscape.






References,

Factsheet Flexible working practices Available at             https://www.cipd.org/en/knowledge/factsheets/flexible-working ( Accessed on 24.03.24)

Factsheet/#title4 24.03.2024. dessle .g 13 edition human resource management isbn 13: 978-0-13-266821-7 ( Accessed on 24.03.24)

Flexible-work-arrangements,https://www.linkedin.com/pulse/flexible-work-arrangements-benefits-challenges-fabhr-x5oaf/

The flexible working debate available at https://img1.blogblog.com/img/video_object.png ( Accessed on 24.03.24)

McLennan,.M, Gearing up for the future of flexible work https://www.mercer.com/insights/talent-and-transformation/flexible-working/

5 comments:

  1. Flexible working is in high demand, but the number of quality jobs is low. It offers benefits such as cost savings, better work-life balance, and access to a wider talent pool. During the COVID-19 pandemic, flexible working reduced living costs and operational costs. Indirect business benefits include improved job satisfaction, reduced absence rates, and support for mental health. Flexible working models are essential for a progressive work environment and fostering a culture of trust, empowerment, and performance.

    ReplyDelete
  2. yes , it would be depend on job roles

    ReplyDelete
  3. Flexible working not only enhances work-life balance but also boosts employee morale, productivity, and retention, providing hidden benefits for both employees and employers.

    ReplyDelete
    Replies
    1. Sure , get benefit both depend on job roll assign to them

      Delete