Flexible working practices, such as working remotely or from home, have a clear benefit when it comes to reducing travel time.
But saving staff the energy and time drain of the daily commute is certainly not the only advantage of flexible working.
Flexible working brings a range of benefits
Work-life balance is a key benefit that often comes from flexible working arrangements. Viewed with suspicion by some employers who believe staff need to be seen to be working, there is evidence that flexible working arrangements make staff more productive.
It also makes financial sense in one obvious way: fewer staff in the office means a smaller office, a smaller footprint and a lower monthly rent.
When staff do come into the office, hot desking means that it’s no longer necessary that staff have their own personal desk — a further saving on office furniture and devices!
Give your employee retention a boost
One of the most important benefits of flexible working arrangements is staff retention. According to a CIPD survey, an estimated 76% of 2,500 managers said flexible working enhanced retention rates.
A 2015 study found 77% of employees who worked remotely reported greater productivity. In the same study, 30% said they accomplished more in less time and 24% that they got more done in the same amount of time.
Given the cost of advertising, interviewing and onboarding new staff, retention rates are an important argument in favour of flexible working.
With happier, more productive staff, flexible working enhances company culture and reduces the costs of housing and recruiting staff.