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Flexible working is without a doubt one of the most sought-after attributes of every worker. Over the last few years, businesses and staff alike have had to adapt and overcome countless obstacles, further increasing the rising demands for flexibility in the workplace, but what makes it so popular? There are many employment qualities that fall under the umbrella of flexible working. From job sharing and flexible hours to working from home, it provides options and malleable solutions, whilst allowing organisations to optimize their business management.
When exploring alternatives to the usual 9 to 5, many have already discovered an improved work-life balance and favourable outcomes. So here are the top 4 benefits of flexible working, as well as the prospective impact it has on your team, business growth and workforce:
Reduced costs
When it comes to business costs there are many factors that increase spending: office hire, travel, and recruitment to name a few. However, flexible working helps to combat many of these unnecessary outgoings by eliminating the root of the problem. While working from home has the obvious advantage of decreased travel costs; there are other hidden benefits from similarly flexible arrangements. Flexible working also benefits from improved employee retention – thus avoiding recruitment and training costs due to lower staff turnover, as well reducing the need for an expensive office hire thanks to home working and job sharing.
Better For the planet
With transport being one of the most polluting sectors in the UK, cutting down on travel to and from work is a step in the right direction. Similarly, flexible working often mitigates the over usage of natural resources, decreases energy use, and promotes sustainability. Finally, recent statistics also show a lower paper usage, office supply purchases and general waste among organisations which implement flexible work.
Employee satisfaction
It comes as no surprise that happy employees are able to work harder and often to a higher quality, which is why they are such an invaluable factor of a successful business. Flexible work arrangements showcase both mutual trust as well as an understanding of needs – which helps to achieve a healthier relationship and a stronger team. Long-term employee satisfaction is crucial for productivity, hitting targets and consistent results, which is why so many business owners have already opted for flexible and semi-flexible working arrangements.
Improved workplace diversity
The business world has come a long way in diversifying the workplace, providing equal opportunities, and striking a healthier balance, but there is still much to be improved. Flexible work options allow for the hiring of staff from various backgrounds and ages, as well as presenting options for individuals with health and mobility issues, consequently improving workplace diversity and inclusion. Lastly, statistics have shown that flexible work boosts the number of female employees; helping to improve the balance and making a much-needed change.
If you’d like to find out more about flexible working, have any questions or require any additional business support – we would love to help! Get in touch:
E: makeithappen@mbsmih.com T: 01903 688789