By John Spencer, UK CEO at Regus
You have probably heard about the recent changes to the flexible working legislation which now mean employees have the legal right to request flexible working options. Despite questions raised in the press regarding the changes, I’d like to highlight several of the benefits the legislation will provide for both the employer and the employee.
The benefits of flexible working for the employer:
1. A more loyal workforce
Being trusted with the freedom of a more flexible working structure increases employee loyalty towards a company. In fact our research has shown that 71% believe flexible working makes employees more loyal to their employers.
2. Attract top calibre professionals
A company that offers workers a flexible working approach help attract a better calibre of personnel. Again, our research revealed that 72% of business owners and senior management said flexible working helped attract top talent.
3. Reduce staff turnover
With a more loyal workforce, employees are less likely to leave a company, thus reducing staff turnover and ultimately lowering recruitment costs.
4. Improved productivity
Flexible working ensures people are on top form. Employees will have the scope and drive to put in their best work. The RAC, for example, saw gains of productivity of 8% for hours worked on a flexible policy.
5. Less absenteeism
Overall improvements in the mood, health and morale of workers means less days are lost to absence.
The benefits of flexible working for the employee:
6. A better work/life balance
Flexible working patterns conveniently balance family needs, personal obligations and life responsibilities.
7. Abolish stressful commutes
Some employers make homeworking part of their flexible working strategy. Having the freedom to work when and where you want eliminates stressful, time-consuming and expensive commutes.
8. Reduction in childcare costs
Without having to pay child-minders to be involved in certain activities such as the school run, flexible work legislation means childcare hours and costs are reduced.
9. A feeling of being in control
Having greater freedom to choose their hours and where they work, flexible working can increase feelings of personal control amongst employees.
10. Reduces employee stress and burnout
As workers are more satisfied with their jobs and lives in general, research shows flexible working reduces stress and employee burnout.
John Spencer is UK CEO at Regus, the global workspace provider which is working with employers of all sizes to help them find a solution to flexible working. Regus