With the labour market's current challenges around skills shortages, talent retention and even potential impact of Brexit - reviewing what flexible arrangements are in place in your organisation may well be more important than ever.
Research by Robert Half shows that 60% of HR Directors have seen an increase in workforce productivity when flexible working arrangements have been introduced, and HSBC recently published data which said that 89% of UK employees believe flexible working is a key motivator to productivity. Research from the CIPD has also shown that implementing flexible working practices can improve staff engagement and motivation.
Whilst flexible working is often associated with the needs of parents and carers, many organisations recognise the business benefits of a more flexible way of working for everyone. Introducing flexible working arrangements - whether they are flexible hours, compressed hours, remote working, career break options etc - could have a real impact in helping employers retain key colleagues as well as attracting new talent as the UK workforce are actively looking for these options.
Research from Hydrogen and My Family Care found 81 per cent of workers in the UK look for flexible working options before joining a company, far more than any other benefit. In addition to this, 53 per cent said they would rather have flexible working opportunities over a 5 per cent pay rise. There is a strong demand for flexible working in today’s organisations, and there’s an expectation of firms to offer competitive packages.