In the war for talent, those employers who are open to flexible work styles and schedules—such as working remotely, part-time or alternative hours—are most likely to come out victorious.
A recent study conducted by Justworks, a benefits firm, and SquareFoot, a real estate leasing company, showed that nearly half of employees surveyed “would take a lower-paying job if it offered a greater degree of workplace flexibility.”
The same study found that seventy percent of employees consider flexible work hours as very important and most of them believe flex hours make their teams better.
Apparently, company executives are listening to these employee concerns and preferences. According to FlexJobs, a professional job service specializing in flexible jobs, “Remote job listings increased 11 percent from 2015 to 2016, and 52 percent in the last two years.”
But offering part-time, remote and flexible-schedule jobs isn’t just a benefit for workers. Many companies are seeing major advantages too.
Implementing flexible schedules can increase productivity, decrease absenteeism, save money, and build trust, just to name a few of the benefits companies can reap. Check out Why These 8 Companies Hire Remote Workers.
Flexible jobs can also combat the burnout (from exceedingly long workdays and workweeks, as well as lack of recognition or growth opportunities) which causes lower productivity and work quality, increased stress-related sick days, and higher turnover.
And, when employees feel that their employer is willing to help them achieve a good work-life balance, they’re more productive and tend to stick around longer, displaying more engagement and loyalty.
Recruiting also becomes easier because for remote and freelance workers, there are fewer geographical constraints. In fact, companies are better able to attract top talent worldwide, and open more opportunities to expand their diversity and inclusion efforts.
Hiring remote workers or offering shareable space options means companies require less office space and equipment for employees, so they can cut down on overhead costs.
And there is also the aspect of commuting to consider. Aside from the employee’s own benefits from cutting down on commuting when they telecommute, employers benefit from needing less parking and the environment benefits from fewer cars on the road and less fuel usage. Always a plus!
Of course, along with these positive aspects of flexible work options, there are some complications to consider. Managing your talent pool effectively for flex jobs adds a level of complexity that can appear daunting. But, at Talent Circles, we have an option specifically designed to accommodate the intricacies of complicated scheduling and logistics.
If you’re aware of the need for flexibility to entice top talent but you’re not sure about the most effective way to manage that talent in your talent network, call us 415-835-0202 or firstname.lastname@example.org.