Let’s take a look the business benefits of flexible working.
For some organisations, the move to remote working has been a natural transition but for others it has been a bit bumpier. The pandemic increased the pace at which remote and hybrid working has been adopted and as with all new work styles, there is a period of readjustment, but once in motion and running smoothly it can prove highly effective.
Flexible working is not just a way of working for office-based environments, it can be adapted for a range of industries and businesses.
Corporations such as Barclays and WPP, have said that crowded office buildings will be a ‘thing of the past’, with Barclays looking at a more de-centralised approach to staff working.
One of the main reasons they are now looking to continue at a more flexible approach since the pandemic is because of the benefits it brings. And they’re not the only ones. In fact, research has shown that 68% of SMEs are feeling more optimistic about remote working since lockdown.
Reduces overheads
Spiralling rents, utility costs, office management and IT equipment. It all adds up. With tightening budgets, working remotely or flexible hours, or a mix of both within an organisation can help drive those costs down
Improves productivity and creativity
75% of employers believe flexible working has a positive impact on staff retention
Drives staff and talent retention
63% of employees are more likely to stay with an employer who offers flexible working
Staff morale & motivation
Flexible working has shown to improve employee wellbeing and mental health. For example, removing an often lengthy commute has been shown to reduce stress levels.
According to one survey, 69% of respondents said flexible working improved their work-life balance.
Puts you in control of business finances
Flexible working can help you manage expenditure. Instead of headcount reduction, varying the hours your team works could help you navigate a period of economic downturn more effectively.
It’s the future…
68% of SMEs are feeling more optimistic about remote working since the pandemic.
Environmental Benefits
No war, no recession, no previous pandemic has had such a dramatic impact on emissions of CO2 over the past century as COVID-19. With no commute or need to drive we are helping the UK hit those all-important net zero goals.
You can learn more about the business benefits of flexible in our latest guide. Download it here.
