We are often asked, “Who Benefits from Flexible Work?” Is it the professionals? Or the organizations? Or a little bit of both? We argue that a well-implemented flexible work program benefits everyone involved and the data supports it.
Simply put, we define “flexible work” as any variation to schedule, location and/or duration of work. Therefore, the benefits are dependent on the circumstances and will vary for each specific situation.
Benefits for Professionals
From conversations, we know that professionals value their time and that flexible work gives them more control over how they spend their time. For example,
- A shorter commute means that a parent can spend more time at home with his/her family.
- A flexible schedule allows a caregiver to leave early to take an elderly parent to a medical appointment.
- Flexible work arrangements allow an individual to commit to a regular volunteer schedule for a cause that they are passionate about.
- Remote work options enable travel enthusiasts to explore new countries longer because they can work from anywhere.
- Gig work helps a professional align with seasonal schedule preferences.
What does the data say?
“In a survey of job seekers, respondents were asked “What benefits—not including healthcare—do you value most from employers?” “Flexible work schedule” was the number one answer. Similarly, “opportunities to work from home/remotely” was the number three answer.” (Source)
Benefits for Organizations
Organizations can also benefit by offering flexible work options. Some of the benefits are direct and others are indirect, or inferred. The following are a sample of benefits identified by Global workplace analytics:
- Cost savings
- Average annual real estate costs can be lowered by $10,000 per employee who works remotely full time.
- 2/3 of employees would take another job to reduce their commute. The cost of losing an employee can be 6-9 months of salary (Source)
- Improves employee satisfaction
- 2/3 of employees want to work from home
- 36% of employees would choose more flexibility over a pay increase
- Reduces unscheduled absences
- 78% of employees who call in sick, really aren’t. They do so because of family issues, personal needs, and stress.
- Unscheduled absences cost employers $1800/employee annually.
- Increases productivity
- Teleworkers are 35-40% more productive.
- Cuts down on wasted meetings.
- Expands the talent pool by reducing geographic boundaries and providing access to disabled workers.
- Slows the brain-drain due to retirements.
- 75% of retirees want to continue to work.
How can we help?
Work Evolution is Canada’s flexible work expert. We offer our clients the following services:
- Flexible Work Programs. We work with organizations to define, implement, and measure flexible work programs that support their objectives and culture.
- Recruitment Solutions. We recruit and hire talented professionals for flexible work roles.
- Workshops and Seminars. We are passionate about flexible work and share what we know. We provide workshops and seminars for an organization’s staff, managers, or human resources team.
Please contact us today if you are interested in learning more about how we can help your organization.