11 Apr The top 5 benefits of flexible working for businessesReading Time: 3 minutes
When we talk about flexible working we commonly think about the benefits for employees. Flexible working can improve people’s work-life balance and make employees happier, allowing them to enjoy their private life.
But having a flexible work schedule with a right balance between work and life does not only improve people’s quality of life but it also improves the way they are doing businesses.
An extensive body of research shows that flexible working is key to develop successful, productive and creative business, raising up motivation levels and keeping employees engaged with companies’ strategy.
Flexibility at work has become one of the top priorities for employees to choose a new career move.
There’s no discussion about the fact that flexible working doesn’t suit every company and culture, but there are key benefits it offers that should be given full consideration.
Business leaders, however, have not always embrace this change in their businesses. They feel more comfortable taking control of their employees at work and knowing that they can follow up at any time during office hours.
Learn which are the top 5 benefits of flexible working for your company that will get more successful and more profitable business.
1. Flexible work makes happier employees
According to The FlexJobs’ surveys of professionals, people who are quitting jobs due to a lack of flexible work options increase.
Several studies found that working remotely or having a flexible schedule make employees happier and help them to reduce psychological stress in their lives.
More and more employees all over the world prefer to work for employers committed to value their mental, emotional, and physical well-being. They don’t want to be forced to work extra hours, have long workdays or working with controlling bosses.
In fact, many surveys reveal that flexible working arrangements in the workplace could have positive impact both on the happiness of employees as well as their work efficiency.
2. Increases productivity
According to a long list of studies flexible employees are generally more productive and motivated than people who work with an inflexible schedule. It is obvious that long and too rigid working hours reduce productivity and do not contribute to make the employee engaged with companies´ strategy.
Remote work allows people to work when they feel more productive so the quality of their work and results will improve dramatically.
3. Remote work options help companies to hire and retain talent.
In nowadays changing labour market, employers are having more difficulties finding the talent that they need.
Employees are likely to consider leaving their job in order to find remote work options so they can have more control over their work and personal life.
Talented employees may, in some extent, choose their new career move among several options and it is obvious that flexible working agreements is key to appeal and retain those individuals.
4. Reduce Recruitment Costs
It is well known that remote and flexible work options can help to reduce company costs.
Hiring freelancers and remote employees helps in choosing the best person for the job instead of finding the best person located locally. A talented freelancer doesn’t need long training hours and the employer may pay only for the needed hours to perform the work.
Besides, office-related costs diminish considerably by reducing office bills and the office space and amount of work spots.
5. Improve Work Life Balance and work family balance
Work-life balance may change dramatically depending on the characteristics of the job and the project the employee is working on.
A flexible schedule allows employees to find a balance between their career and personal life. Employees are able to attend personal and family matters, as going to the doctor or taking care of their children, but also to enjoy time to promote personal growth and enrichment.
Flexible working is key for an employer to adapt to modern times besides being a key indicator of companies´ talent and inner relations’ health. The benefits of flexible working are broad, for both the employee and the employer. It’s obvious that employees’ work performance is enhanced by a right balance with their private life which clearly impacts companies’ successes and revenues.