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Is your organization struggling to recruit and retain talent? Flexible working arrangements might be the key to attracting top talent as well as unlocking the full potential of your workforce. A growing number of businesses are experiencing the benefits of flexible work, which has a strong impact on job satisfaction and productivity levels.
As its name suggests, flexible work is flexible, either in terms of the hours worked or the location where the work is performed. Today’s employees have higher expectations and strive to work to live, not live to work. Bonuses, pats on the back, and salary increases aren’t enough to retain talent anymore.
According to the 2015 Employee Job Satisfaction and Engagement Report by the Society for Human Resource Management (SHRM), 55% of respondents noted that work-life balance is a very important aspect of their job satisfaction. Millennials, in particular, appreciate workplace flexibility and like having control over their schedules. Many millennials also place a greater emphasis on company culture than compensation.
Members of today’s workforce want to have the ability to work in a more flexible manner so that they have time to go to doctor’s appointments, take care of a sick kid, or attend to life’s other unexpected moments. Flexible working arrangements can be divided into three main types: time, location, and space.
For many companies, providing a fixed desk to each employee isn’t a necessity because the desks aren’t occupied all the time and employees spend a lot of time out of the office. Flexible workspaces don’t belong to any particular department or individual. Creating flexible workspaces is beneficial to companies that want to make the most of or reduce their real estate, which represents a significant overhead cost. With flexible workspaces, staff are less likely to be territorial and spaces can be used in a variety of ways, such as for meetings or as shared, social workspaces where teams can collaborate in a more informal setting.
Remote working is becoming more commonplace, with companies letting their employees work offsite or from home. Remote workers can take calls and complete work with their computers from any location with an Internet connection. Employees are increasingly demanding the opportunity to work from home, whether full-time or just on certain days of the week.
Flexible Work Hours
There are many different types of flexible scheduling options. Flextime allows employees to choose when they start and end work. Compressed hours allow employees to work full-time hours over fewer days. Staggered hours allow workers to have different start, finish, and break times, so they can get to work earlier or arrive later, depending on their preferences. Staggered hours also enable businesses to have longer business hours.
Having employees who can work anytime, anywhere and who aren’t tied to their desks can be a major benefit for your business. By making the best use of technology, your company can implement flexible working arrangements while enhancing collaboration and strengthening the sense of community between employees.
Reduce Turnover and Increase Employee Satisfaction with Flexible Working Arrangements
Add-On Products’ add-on software for Microsoft Outlook® and Exchange can help your company become more flexible and empower employees to collaborate across different schedules and locations. Contact us today for more information about our team calendar software, resource booking software, and other tools!