The benefits of flexible working for employers
It’s widely recognised that flexible working can benefit everyone, not just employees. So it’s important that organisations not already offering it as standard consider adding policies that offer greater work-life balance into their business model.
Common types of flexible working involve working from home, working part-time, job sharing, working compressed hours or a combination of these things.
Here are some of the benefits of flexible working for businesses:
A boost to employee morale
Giving your staff flexible hours or the ability to work from home could be a real game changer for them. It will allow them to: better meet the needs of their family; reduce the costs of commuting; and feel more empowered about their professional life.
All of this will have a positive impact on employee morale, which in turn will mean a boost for productively within your business.
It reduces employee turnover
Staff will be more inclined to stay in a job where they have the flexibility to work in a way that suits them. This means you, as the employer, retain top performing employees and spend less effort on training up new recruits.
It increases diversity
Flexible working will help you grow a more diverse work force. Employees with family or health conditions that mean a nine to five job is impossible for them to hold down will find they have a place in your business. With them they will bring a mix of skills and experience that will enrich your workplace.
It enhances your reputation as an employer
The best job candidates look for employers who can offer them something more than a stable job and a decent wage. They want to know your flexible working policies and whether these can help them balance work with their personal life.
Promote the fact you allow flexible working and your reputation as a good employer will attract top candidates.
If you manage it correctly, offering flexible working to your staff will mean long term savings for your business. Employees who work from home for a few days a week could share a desk and the costs of heating, lighting and equipping a large office with IT could be reduced.
What about the disadvantages?
Of course, the benefits of flexible working have to be balanced with a few disadvantages:
- Some employees may not work well without supervision
- There are jobs that can only be done in your usual place of work
- There will be some initial cost implications for setting up IT for remote working.
All of these things will be specific to your individual organisation but are worth bearing in mind when setting up flexible working.
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