Why Flexible Working is No Longer Just a Perk

 
oakstone international executive search why flexible working is no longer just a job perk
 

Flexible working was one considered the best perk an employer can offer – a way of appreciating people’s lives outside of work and trusting them to prioritise when and where they complete and work on projects.

Flexible working can mean many things but it always includes some flexibility on working locations and hours.

Flexible working is now considered one of the top four ideas shaping the future of HR and hiring in Linkedins Global Talent Trends 2019 report. In the report, Linkedin found that in the last two years there has been a 78% increase in job posts on Linkedin that mention work flexibility.

According to reports flexible working doesn’t only benefit employees but employers too…

1.        Attracting talent

With todays lifestyles, more professionals are looking for more flexible options. According to research from Werk, 50% of employees would consider taking a new role if it offered more flexibility.  Flexible working was also considered a top benefit when it came to attracting new talent.

2.       Employee productivity and retention

There is nothing worse than having an employee at work who doesn’t want to be there.  Why? Because they are not being productive.

By giving people the ability to be in control of their own working lives their productivity can improve drastically.

According to a recent study by Stanford Graduate School of Business, when employees were given the ability to work outside the office, it had a significant impact on productivity and employee retention. The group that worked outside of the office had a “massive” performance improvement of 13%, and resignations among this group dropped by 50%.

3.       Diversity & Inclusion

Flexible working opens up your potential talent pool wider, attracting talent who aren’t based in your area. Linkedin found that women are 22% more likely than met to cite flexible work arrangement as a very important factor when considering a job.

4.       Employer brand

With employment rates being at an all time high – you need to keep up with your competition or be one step ahead of them.  Flexible working may be what to takes to set your company apart from the competition.

5.       Cost savings

If you needed another reason to consider flexible working for your company…  flexible working can save companies a considerable about of money in office costs. Dell, for examples has saved an average of $12 million a year with its flexible working programme due to space requirements.

When it comes to flexible working there is a whole spectrum of options you can implement, from where people work to when they work – every company is different so implement options that work for you.