The conventional methods of luring top talent with salary bumps have become less effective because of rigid or non-existent flexible working arrangements. The coronavirus has impacted the worldwide workforce. Safety protocols and distancing measures compelled us to adapt, with technology driving force behind all changes. We now have virtual spaces, which provide a safer and more efficient opportunity for physical spaces.
Flexibility in working policy is defined as an agreement among employers and employees and has 3 components:
- Employees can choose where they work.
- They can create their work schedules.
- They schedule their workday however they want.
How Do The Companies Benefit By Providing Flexibility?
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Increase In Productivity
There are many advantages of working at home and flexible hours. This maximised productivity, specifically in work that can be accomplished outside the office.
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Prioritisation Of Mental Health
Both companies and employees alike have had to cope with the pandemic. One of the advantages of flexible work arrangements is that it promotes a healthy work-life balance and brings more attention to mental health. By incorporating flexible arrangements, employees can benefit from improved mental health.
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Pivoting To Hybrid Work
A hybrid work setup may be the quality way for companies to attract and retain talent. It will provide employees flexibility and the choice to keep working remotely or in the office. A recent April 2022 showed that 77% of companies had adopted the hybrid workstyle.
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Flexible Working Arrangements Help Recruitment
Recruitment is the main key area for employers, so presenting as an understanding company that provides flexibility and trust and accommodates its employees can upgrade the company’s popularity in the market. By making the flexible working arrangement a success, companies can attract employees to work.
What Are The Problems In Attracting Talents Due To No Flexibility?
But there are a lot of employees who want flexible hours but don’t have access to it.
The Lack Of Flexibility:-
- Lack of flexibility places a vast burden on how employees take care of others, including children and ageing parents. A survey on LinkedIn shows that 83% of women are considering quitting their jobs because they are not offered the right flexible policies.
- Lack of flexibility also significantly impacts employers’ potential to care for themselves. Younger workers, in particular, struggled with this; 39% of Millennials reported that their workday’s structure makes it challenging for them to make time for workouts and healthy living.
- We found that a loss of flexible work arrangements can also harm the company’s overall performance and productiveness.
Employers can enhance employee engagement and maintain quality people by presenting flexible work arrangements
The Bottom Line:
Companies inclined to offer a flexible work arrangement demonstrate a dedication to their employees and ultimately benefit with higher productivity, committed employees, and a successful organisation. Flexibility is what the employees value the most out of all. With the right tools and a progressive, flexible work policy, recruitment teams will have a powerful draw for future talent while simultaneously giving current employees motivation and engagement.
Prompt Personnel established in 1997, is one of the staffing companies relentlessly delivering reliable and seamless end-to-end HR services to our partners. We are currently engaged with over 160+ clients in IT and Non-It sectors handling a huge Temporary and contractual staff deployed at over 2200+ locations in 28 states and 5 UTs. With 2 decades of staffing expertise, we at Prompt Personnel have mastered human resource management as a service and provide customized solutions as per our client’s needs. We aim to provide services encompassing the entire life cycle of your workforce – right from hire to retire.