And the less a person must commute, the smaller their carbon footprint. Combined, these savings can add up to thousands of dollars every year. Costs are typically tied to dedicated workspaces. Offering flexibility in the workplace is a great way to find employees. In addition, the survey found that: Potential consequences to professional growth may deter professionals. Flexible work allows your employees to cut into this amount because they don’t have to work while sick and skip or postpone medical treatment. Flexible work is what it sounds like it is. It’s simple; the more employees are satisfied with their jobs, the more likely they are to stay with, or join, that employer. But Travis, what does flexibility have to do with employee benefits? Flexibility is the umbrella term used to describe any role that breaks the traditional norm of a rigid 9-to-5, five-day week structure. Recruiting and retaining talented employees is a top priority for almost every business. Per the Zenefits study, 77 percent of employees would list flexible work as a primary consideration when evaluating future job opportunities. Similarly, a study conducted by Stanford Professor Nicholas Bloom found flexible workers used sick leave less often than those without flexible work options. Being flexible can help you strike work/life balance. Multiple studies have demonstrated the importance of flexible work for employee retention. The advantages of flexible working extend to employers as much as employees. Flexible working allows your employees to work around obligations and responsibilities outside of their job. A Bentley University study found 77 percent of millennials believe a flexible schedule would make them more productive. Work flexibility can’t be achieved in all industries and professions (for example in a factory or a hospital), but for most creative and intellectual workers flexibility is becoming the new normal. If you’re a company without a flexible working policy, there’s a real chance you’ll lose employees because of this policy. The benefits of flexible jobs for employees include: Ability to work during the most productive hours based on each person’s energy cycle Reductions in commuting time and transportation expenses Ability to meet household needs such as childcare, babysitting, providing access to … This particular study showed that employees with flexible work schedules exhibited greater job satisfaction because they had more control over their work schedules and a greater feeling of support from their bosses and managers. Experiencing all of these firsthand in my work as the CEO and Founder of FlexJobs inspired an idea called 1 Million for Work Flexibility.Just recently launched, 1 Million for Work Flexibility is the first national initiative to bring people together and create a collective voice in support of work flexibility. Flexible daily hours: Some employers don’t specify a number of hours that employees need to be working at their home office. There are three central flexible work arrangements: flexible locations, flexible schedule, and flexible time. Another benefit of flexible working, for employers, is they make your business greener. Employees believe flexible work allows them to feel more productive. Today’s work environment is fluid. Employee … Per PeopleKeep, employers now pay an average of $5,179 and $12,591 annually for single and family coverage, respectively. In most situations, for a majority of industries, the advantages of a flexible work schedule usually outweigh the disadvantages that can arise. Plus, according to the Zenefits survey, 78 percent of employees reported flexible work made them more productive. It’s a big win for space planning efficiency and can re… Improved employee morale. As previously stated, flexible working helps to improve your firm’s employee retention. Streamlined workforces, shifts in technology and a changing market are just a few reasons why flexibility is the new norm for many organizations. And the less a person must commute, the smaller their carbon footprint. This will help employees to maintain a healthy work/life balance and can help employers improve the productivity and efficiency of their business. According to the FlexJobs study, almost 75 percent of employees said work has conflicted with their efforts to tend to their health. According to a new survey by FlexJobs, 81 percent of respondents thought a flexible job would help them be a better spouse, partner, or significant other. Employee Benefits,  Flexible Work Group,  Individual. 1.Productivity . In the long term there forms a link between adaptability and job performance. Often this belief alone is enough to boost actual performance. Potential advantages for employees arising from flexible work environments are partially known, including greater autonomy, motivation and an improved work life balance. If you have flexible work hours, you will be able to balance work and life … Per a new Staples study, a whopping 90 percent of workers say more flexible work arrangements and schedules will boost morale. But there’s also real data to support the claim a solid work-life balance can improve company productivity. Freelancing. Subsequently, this improved health can help your employees save money. Monitoring your children becomes easier – you’ll be at home, always ready to pick up your children from school, or attend their soccer games. In the past, many employers may have believed flexible work was a benefit only young employees desire. Flexibility at work is a necessity for employees and employers, alike. Flexible work also saves your employees money on commuting to and from work. Your employees want more flexible working options. Each can help you improve your flexibility. That is why about 3.9 million employees are working from home at least half of the time. Everyone who belongs to such a company shall be able to have the same sort of flexibility. Flexibility in work habits translates to flexibility in workplace design, which often results in the creation of agile spaces that maximize utilization. Triangle Pose (Trikonasana) Muscles worked: latissimus dorsi. These studies demonstrate your employees will, at least, consider leaving their job if your company either eliminated flexible work or never had them in the first place. What do yoga, lifting weights, and a massage have in common? As stated above, flexible work can make your employees healthier. Flexible working arrangements can boost employee well being by reducing stress and strengthen loyalty. Flexible work is especially crucial for millennial employees. Workplace flexibility benefits both the employees and employers; it gives employees a chance to attain a work/life balance which will allow them give more to the organization such that they will be more productive. The findings indicate that 94 percent of respondents say they would benefit from work flexibility, with the top gains being less stress/improved mental health, and better integration of work and personal life. Not many people have the ability to take time off from … Listening carefully to constructive criticism as part of a performance review. Advantages of Being Flexible – from the Employee’s Perspective. It allows individuals to engage in their roles as a professional, parent, school board member, coach, avid exerciser and/or homemaker all at … According to a Yoh survey, 42 percent of workers said they’d leave their current job for a more flexible work environment. Employers searching for the top talent need to provide the best work-life balance. It’s estimated that by 2025, millennials will make up 75 percent of the global workforce. internal oblique. | Website designed by, 8 Benefits of Investing in Your Human Capital Development, How to Boost Your Benefits Package Without Spending More Money, How to Promote Stress Management at Work and Why It’s Important. Where staff are able to balance priorities in a less stressful manner, there is more energy left for mental work tasks. Giving freedom to employees means business owners gain more control over their workplace design and cost. Whether your employee is a caregiver, parent, or moonlighting, flexible work helps these individuals balance their work-life schedule better which reduces stress. Also, you’ll learn about the benefits of flexible working for both employees and employers. So what are the advantages of providing a more flexible work environment? Employee Flexibility. In this course, learn how to create and prepare to pitch a work-flexibility proposal to your boss or HR department. Advantages of Workplace Flexibility A flexible workplace is good for both the employer and the employee. Benefits of Flexible Working Hours Likewise, CEB Views has reported highly engaged workers expend nearly six times as much effort in their job as non-engaged colleagues. And the healthier your employees are, the more your organization saves. They will be able to work at home easily and take care of all needs such as children’s activities, doctors appointments and other sorts of life moments. With flexible work schedules, employees stand to experience a good number of benefits. It means giving your employees more flexibility to choose where, when, or how they work. Having proper and flexible work practices can allow the staff members to have their own schedules. Any reduction in these costs is a boom to your company’s bottom line. For your employer, flexible working can mean reduced costs and overheads as less office space and equipment is required and employee travel costs are reduced. Freelance workers typically are hired for project-specific assignments. It also involves making substantial changes to the way we think, work and behave. A 2013 Gallup poll found 87 percent of workers, worldwide, are emotionally disconnected from their workplaces (a byproduct of stress) and are less likely to be productive. If talent doesn’t need to be in the office, your talent pool is suddenly global, … The younger generation isn’t tied to the idea of a physical presence being necessary to get work done. Added Flexibility and Self-Paced Learning. FLEXIBILITY AND WORK-LIFE BALANCE Introduction A clothing company with 80 full-time and 28 part-time staff is already a big force in this globalization age.The question is what human resource strategy to be applied to address human resource management issues. These options also have clear benefits to your organization, overall. Not only does flexibility retain and attract employees, it also makes employees more productive by giving them the space to work when and how they want. gluteus maximus … The greener your company is, the more it can save. And, 89 percent believed a flexible job would help them take better care of themselves. But as employees transition into flex work, reliance on traditional seating falls. Flexible working also prevents ill workers from coming to work and infecting other staff members. Smaller work areas mean using fewer resources and reducing your overall environmental impact. This is not hard to believe, imagine being able to decide that you want to work from home, a café or the office. Any reduction in commuting saves employees both time and money. Benefits of flexibility . The Pros and Cons of a Flexible Work Schedule. Autonomy in the workplace, in turn, leads to a much less stressful working environment. Job satisfaction is an essential component of employee recruitment and retention. For employees, the advantages of this flexibility allow for an easier time managing work and family obligations. It not only helps increase productivity in the organisation but also increases the satisfaction of the employees which in-turn results in many other advantages… Find out how to build a compelling argument by identifying common work flex options, selecting the right type for your role, and conveying business benefits. According to HealthLine, a 10 percent reduction in an individual’s work hours results in a 15 percent decrease in a person’s carbon footprint. And reducing employees’ stress is vital to organizational success. Offering to cover the responsibilities of … With that in mind, you can increase work flexibility for your employees by … It’s clear, through this statistic, a lack of flexibility can have an adverse impact on your workers’ personal lives. Plus, as your staff becomes healthier, your firm pays less in health coverage for your employees. 2003 - 2020 © Copyright - The Olson Group. Employee Commute. A key benefit for appealing to these recruits will be your company’s flexible work. Your business can reduce its real estate bill and cut expenses on office supplies. So, if you want to reap the benefits of a more fluid workforce don’t start yoga classes, give your employees more flexible working arrangements. Another potential advantage of a flexible working arrangement is improved employee health. But flexibility isn't just about reacting to situations as and when they arise. In this post, I’ll tell you about what each of these studies found regarding the positive impact of flexible work. One of the effective means organizations have applied is the application of flexibility and work-life balance in the workplace. The main advantage of labor flexibility is that productivity increases by up to 50%. We help companies with their benefits, compliance, risk management, and much more. It is proven that many employees would be able to perform more in less time; because spending more hours in the office is not synonymous of working more. What are the advantages of job flexibility? But, as several recent studies have found, workers of all types desire more flexible working arrangements. According to Inc.,  the Corporate Executive Board, which represents 80 percent of Fortune 500 companies, found employees who believe they have a good work-life balance work 21 percent harder than those who don’t. Gain more control over their workplace design and cost more it can save is good both. Will be your company will need less space, which allows your organization, overall workers. Just about reacting to situations as and when they arise most people realize turns out flexibility may be more and. Coverage for your employees more flexibility to choose where, when, or work fewer hours overall they. 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