The demand for flexible work schedule has been rising with more and more absorption of millennial employees into the corporate world. But the fact is that these demands are being fulfilled means that there must be strong reasons that work in its favour.
Following are some benefits of giving employees the privilege of flexible working:
Higher product and service quality
The quality of an employee’s output is likely to improve dramatically when he or she is allowed to work in their most productive setting. It can be frustrating for an employee to work on something when they are not at their best.
When your heart is not fully into a project and you simply have to toil away at it, it can be more tiresome than the actual work. It can ultimately result in a product that needs to be revised.
Lower carbon footprint
The energy costs that your workplace will incur as a result of flexible working will be much lower as lesser equipment will be used and there will be fewer number of employees travelling to the office.
Reducing your carbon footprint on top of reducing your cost of production can be a valuable promotional tool as the public has become more eco-sensitive than it has ever been in the past.
Lower IT overheads
Many workplaces around the world have adopted the culture of bring your own device (BYOD). Employees experience a certain level of comfort in using their own smartphone, laptops and tablets to get work done.
Employees working on their own devices may present a number of challenges for the IT team but they can be easily overcome if your company is willing to invest in the right type of device management software.
These measures make employees more productive in office as well as their home and this will also reduce the dependence of your business on costly onsite devices and servers.
For most modern workers, operating outside of the 9 to 5 boundary is the pinnacle of freedom. It could be because they prioritise work-life balance or the fact that they are more productive in other hours.
Conventional managers easily dismiss the request of employees to have a flexible working environment as they misunderstand the concept of having flexible working hours.
Lower hiring costs and turnover
Flexible working can tremendously increase the overall happiness and job satisfaction that an employee experiences. As we all know, the key to employee retention is having a staff that is completely satisfied.
Employees that are satisfied and have nothing to complain about are more likely to hang around and stick with an organisation even when it is going through difficult times. This drastically reduces turnover and also the subsequent costs that go into hiring their replacement.
Wider talent pool to choose from
It is not uncommon for employees with potential to not apply for certain jobs. The reasons why most of these employees do not apply to these jobs is that they do wish to get stuck to the default 9 to 5 routine.
However, things change when lesser emphasis is placed on standard working hours. In this scenario you are essentially opening your recruitment doors to a wider pool of talent.
A team that operates on a flexible working schedule is likely to work with greater level of cohesion. Since each of them are enjoying flexible working rules they are more likely to step in to cover for each other.
Another benefit of flexible working team is that there is less likelihood of a dispute arising between them as they interact with each other less than a team that sees each other everyday.
The definition of a productive environment varies from employee to employee. For one employee it could be the early hours in the morning whereas for another employee it could be late at night.
Since flexible working gives them the liberty to work when they want and also where they want they are more likely to be productive than if they were bound by a tight office schedule.
With reduced office expenses and greater productivity, you will find it much easier to invest in other things such as business expansion or activity days out.