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The business benefits of flexible working

As the first blog in our series, we look at the business benefits of flexible working.

For some organisations the move to remote working has been a natural transition, but for others it has been a bit bumpier. As with all new work styles, there is a period of readjustment, but once in motion and running smoothly it can prove highly effective.

Flexible working is not just a way of working for office-based environments, it can be adapted to a range of industries and businesses.

Corporations such as Barclays and WPP, have said that crowded office buildings will be a ‘thing of the past’, with Barclays now looking at a more de-centralised approach to staff working.

Besides COVID-19, one of the main reasons they are now looking at a more flexible approach is because of the benefits it brings. In fact, research has shown that 68% of SMEs are feeling more optimistic about remote working since lockdown.

Reduces overheads

Spiralling rents, utility costs, office management and IT equipment. It all adds up. With tightening budgets, working remotely or flexible hours, or a mix of both within an organisation can help drive those costs down

Improves productivity and creativity

75% of employers believe flexible working has a positive impact on staff retention

Drives staff and talent retention

63% of employees are more likely to stay with an employer who offers flexible working

Staff moral & motivation

Flexible working has shown to improve employee wellbeing and mental health. For example, removing an often lengthy commute has been shown to reduce stress levels.

According to one survey, 69% of respondents said flexible working improved their work-life balance.

Puts you in control of finances

Flexible working helps you manage expenditure. Instead of headcount reduction, varying the hours your team works could help you navigate this period of economic downturn more effectively

It’s the future…

68% of SMEs are feeling more optimistic about remote working since Government social distancing measures were put in place.

Environmental Benefits

No war, no recession, no previous pandemic has had such a dramatic impact on emissions of CO2 over the past century as COVID-19. With no commute or need to drive we are helping the UK hit those all-important net zero goals.

You can learn more about the business benefits of flexible in our latest guide. Download it here.