What can employers learn from flexible working?
Contrary to the traditional views, employers have a lot to gain from this increased flexibility. Following the extension of flexible working rights last year coupled with the rise of bring your own device (BYOD), the boundaries of the traditional working life are becoming increasingly blurred. The idea of ‘working’ is now no longer simply confined to the four walls of an office.
Recent research from Ernst & Young (EY) indicates that flexible working could add £8.5bn to the UK through more productive use of working and recreational hours. In addition, the research revealed that two out of three firms believe flexible working can assist in increasing motivation and commitment whilst improving overall employee relations.
This is reinforced by Regus’s 2014 study which showed that 74 per cent of business owners and senior managers viewed flexible working as beneficial to employee retention and 72 per cent stated that it was an effective strategy to attract new talent to the organisation.