Gone are the days when we show up at work, do our nine-to-five, rinse and repeat until the weekends. The pandemic accompanied by the unstable economic state has prompted a new trend – flexible working.
So, what is all the hype about?
A flexible working arrangement allows employees to choose the location, and when to start or stop working. The idea behind this is to promote work-life balance and other numerous benefits for both the employers and employees.
There are different ways to work flexibly, some of them include job sharing, working from home, part-time, compressed hours, flexitime, annualised hours, staggered hours and phased retirement.
How implementing a Flexible Working strategy can profit your business;
- Reduced costs
One of the biggest benefits is cost-saving. If workers opt for other locations other than the office, commercial lease expenses will be cut down noticeably, not to mention other general office fees such as internet use, energy consumption, etc.
- Better retention
Studies have shown that flexibility in the workplace is more important than income for millennials. By giving flexible working arrangements, your business can reduce employee turnover and the corresponding recruitment costs.
- Better recruitment
Providing flexible working options, even occasionally, significantly improves the attractiveness of your job offer. You’re also widening the talent pool by encouraging people who are working multiple jobs, studying part-time or have personal situations that can’t commute to work to apply.
- Diverse teams
People with different backgrounds and situations will make a diverse team and be able to provide fresh ideas – promoting the creativity and productivity of the company.
Why workers favour Flexible Working;
- Increase in productivity
Imagine working from anywhere you choose, no travelling back and forth to work, no traffic jam and best of all, not having to cope with the ongoing increase in fuel costs. By not having to be present at one location, employees can also avoid unexpected incidents such as rail strikes or unfavourable weather conditions.
- Reduce stress and burnout
Choosing when and where to work decreases the absence rates. For people with disabilities and long-term health conditions, this option notably reduces the stress and burnout that they feel while commuting to the office.
- Healthy work-life balance
The time preparing and commuting to work can instead be spent on personal relationships and hobbies, giving employees time to perform outside of the work activities, and in-turn helping them achieve a work-life balance.
- Better job satisfaction
Flexible schedules not only provide workers with increased sense of control over the work time and location, higher productivity level, reduced absenteeism, decreased turnover, less stress, better health, but also increased work-life balance. So it’s no surprise that those with flexible work arrangements have high job satisfaction, compared to those who work traditionally.
If a co-working space is on your business agenda, or you’re just finding a place to base yourself during the working day, look no further: Cube Co-Working is the perfect solution. Our facility has everything you need to work effectively and efficiently, and we provide bespoke services upon your request.
For more information, email us at [email protected] or pop by for a tour of our facilities – you’ll be impressed, we promise.