The key driver in the rise of flexible work is employees desire for improve work-life balance.
According to new research by global workplace provider Regus, 66 per cent of Canadian professionals say the need to improve work-life balance is driving up the increase in flexible working, while over half (51%) say the wish to work closer to home is also a key factor.
Not only do employees have a strong interest in flexible working, but employers should also have an equally, if not greater, interest in encouraging flexible working.
Flexibility is seen as a way of creating agile organizations that are better able to cope with rapidly changing market conditions. Flexible working in fact allows firms to expand or retract rapidly and without incurring in hefty penalties. Firms using flexible working are also better placed to attract talent from a wider pool, especially if they comply with best-practice employee flexibility standards. According to Regus, 37% of employers recognize it helps them create an agile organization that can adapt to changing market demands, while 32% believe it helps them attract talent from a wider pool.
“Flexible working boosts efficiency and cuts costs, as businesses can reduce underused office space and operate in a more agile way, making decisions on a per-needs basis,” said Wayne Berger, VP of Regus Canada. “While the drivers for flexible working may differ for businesses and employees, both stand to gain. The fact that businesses are already benefitting from flexible working to increase their agility is good news. In addition, helping employees to find a more satisfying balance between their personal and professional lives creates a healthier and more productive workforce.”
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