Advantages of flexible working
The advantages for your business when introducing a flexible working policy.
Introducing a flexible working policy can benefit your business as well as your employees.
Flexible working: business benefits
Many employers believe that promoting flexible working makes good business sense and brings the following improvements:
Cost effectiveness
Greater cost-effectiveness and efficiency, such as savings on overheads when employees work from home or less downtime for machinery when 24-hour shifts are worked.
Flexible operating hours
The chance to have extended operating hours or more flexible operating hours to meet the demands of global customers in different time zones.
Attract and retain staff
Ability to attract and retain a more diverse and higher-skilled workforce. Also, recruitment costs are reduced if your retention levels are higher.
Increased staff morale
More job satisfaction and better staff morale if hours are flexible to meet workers' commitments outside of work.
Reduced sickness levels
Reduced levels of sickness absence.
Better work-life balance
Greater continuity as staff, who might otherwise have left, are offered hours they can manage. Many employers find that a better work-life balance has a positive impact on staff retention, and on employee relations, motivation, and commitment. High rates of retention mean that you keep experienced staff who can often offer a better overall service.
Meet customer demands
Increased customer satisfaction and loyalty as a result of the above.
More agile business
Improved competitiveness, such as being able to react to changing market conditions more effectively.
Flexible working: benefits for employees
The main benefit of working flexibly for your employees is that it gives them the chance to fit other commitments and activities around work and make better use of their free time.
Flexible working can help you as an employer promote a healthy work-life balance for your staff.