Exploring the Benefits of Flexible Work Arrangements
Hiring and retaining top-notch employees is one of the most important and challenging issues facing companies and Human Resources professionals today. One strategy to attract and keep employees is to introduce more flexibility into your workplace policies.
Happy employees typically stay longer at an organization, resulting in reduced hiring and training expenses. Plus, implementing flexible programs for employees can reduce a company's environmental footprint and energy consumption.
Types of Flexible Work Arrangements
Flexible working arrangements come in many shapes and sizes, and one person's preference may be completely different from another. When you give an employee the chance to choose what works for them, you're not only making them happier, but you're also allowing them to feel empowered. Ideally, the arrangements they choose will reduce their stress and help them to create a better work/life balance. Let's take a look at some of the ways companies have introduced flexibility in the workplace.
• Reduce the number of days worked per week, for example, by allowing employees to work 10 hour days, 4 days a week.
• Reduce their hours worked per week or month. With the increasing number of baby boomers, many people want to work part-time as they ease into retirement.
• Allow them to work variable hours. For example, your employees can reduce their hours during slow periods and work more in the busy season.
• Give them the option to take leaves of absence without pay. Some people value time off over money. Let them add a week or two to their vacation time without pay.
Where and How Employees Work
• Allowing your employees to work remotely, whether it's from home or a satellite office, is a huge benefit for some employees, even if it's only one or two days per week. Working remotely would allow employees to reduce eliminate commute time, which for some people could save a few hours per day!
• Allow a job to be shared between two employees. Each employee could share the workload with one working 3 days one week and then switching the next.
Finding What Works at Your Organization
Of course, not every option will work for every company. While introducing flexible work arrangements for some organizations and positions may not be feasible, it’s something worth considering as an HR professional or manager.
Flexible work arrangements can attract top talent and provide current employees with an improved sense of well-being and job satisfaction, which often leads to increased job performance—a win-win for all!
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