![]() And if you’re in a homogenous locale, your workforce is likely to become less diverse. If you’re limiting your candidate pool to a single location (or even a few locations), you’ll have a narrower group of candidates. If none of the above convinces you that offering flexible schedules to staff will benefit your company, consider that over the last 10 years, 83% of businesses have already or are planning to offer flexible schedules to their employees. Given that many job seekers are more interested in a flexible schedule than other perks, and that flexible work benefits companies as much as it does employees, it stands to reason that offering flexible schedules can help you recruit more top tier talent. Preventing your workforce from leaving because you offer flexible scheduling could reap you significant cost savings in the long run. The average company’s cost per hire is around $4,000 to recruit, hire, and train one new staff member. Think of it in terms of dollars and cents. ![]() Our 2019 survey found that 30% of respondents left their job because the company didn’t offer flexible work options, and 16% were on the hunt for a new job due to a lack of flexible options.Įven more telling, 80% of respondents said they’d be more loyal to their employer if they offered flexible work, and 52% said they’d already tried to negotiate flexible work arrangements with their current employer. If that’s not enough, consider that a 2017 study found that job seekers are willing to take up to 8% less in salary if it meant they could work for a company that allows flexible work schedules. And 35% said flexible work is so important to them that they prioritize that over having a more prestigious title or position. In fact, 30% said that they value flexible work over additional vacation time. Without a doubt, flexible schedules are one of the most important perks employees want from their employers.Ī 2018 survey found that 80% of workers would choose a job that offers a flexible schedule over those that did not. Improves RetentionĪllowing your existing employees to work flexible schedules can help you retain valuable staff. ![]() That said, there are five ways employers benefit from allowing flexible work schedules for their staff. The reality is that even in the most flexible workplace, employers may still have to impose some restrictions on flexible work.įor example, while flexible workers may be able to work whatever hours suit their work style and let them get their work done, you may require that employees work certain “core hours” that overlap with other team members to ensure everyone can make the weekly team meeting or be available for clients in a certain time zone. To be clear, the above components of workplace flexibility aren’t as straightforward as they might seem. What Are the Benefits of Flexible Work for Companies? Employers that allow their staff the freedom to work a flexible schedule can also find themselves a greener, more profitable, and more desirable company that people want to work for. However, the benefits of flexible work for companies goes beyond happier employees. Alternative schedule jobs (working second or third shift)Īs an employer, you can offer your staff one or more of these flexible work options, but keeping track of the different employment statuses and work schedules of your entire staff may seem like too much work for very little return.Compressed work weeks (working 40 hours over four days instead of five).And, freelancing is, indeed, one category of flexible work. Schedule their work day however they wantĪs an employer, you may think that this sounds like a freelancer schedule.Create a work schedule that works best for them. ![]() The agreement usually consists of three components. The easiest way to define workplace flexibility is to think of it as an agreement between employer and employee. From being a green company to having an edge in recruitment and improving diversity, the benefits of flexible work for companies can help your business stay ahead of the competition. While it’s true that employees benefit from flexible schedules, smart employers know that offering flexible schedules benefits them, too. After all, aren’t they the only ones who benefit? As an employer, you might be hesitant to offer flexible scheduling to your staff. Flexible work is no longer something for only gig workers or freelancers-many “traditional” employers are offering flexible schedules to their employees as well.
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