In order to attract a more diverse workforce, you need to have a diverse approach to your terms of employment. One possible way of doing this is by offering contracts that allow for flexible working hours. A recent study found that flexible working contributes £37 billion to the UK economy. Read on to find out the top tips for providing flexible work and the advantages of flexible working for employers.
The global pandemic forced employers up and down the country to rethink traditional work forms. Much like remote working, we’ve also seen an increase in flexible working over recent years. This is likely set to continue as employers providing flexible work have reaped a host of benefits.
What is Flexible Work?
Flexible work has a few different names and can refer to a range of different systems. Some, like part-time work, are incredibly common. Others, such as flexitime, are new and upcoming approaches to working hours.
Read our short list of different options for flexible work:
Flexitime: Where the employee agrees to a set number of hours or workload within a broader timeframe but can complete that whenever they choose. For example, the agreement might state that the employee does 7 hours of work every weekday. These hours can be worked at any point between 6 am and 7 pm.
Compressed hours: An agreement that an employee will complete the regular number of hours or workload but within a shorter timeframe. For example, the employee may complete 40 hours per week, compressed into four 10-hour days, instead of five 8-hour days.
Annualised hours: Similar to flexitime, an annual hours agreement states how much an employee must do over a year. However, they can choose the period in which they want to complete those hours.
Term-time working: This involves agreeing to a regular working week or period. However, there are set points of the year when the employee will not work, without having to request leave. This is usually requested by parents who don’t want to work when their children are off school.
Benefits of Offering Flexible Work
There is an array of advantages of flexible working for employers. We look at some of the most important benefits below:
Tips Around Offering Flexible Work
Although flexible work sounds great, it can require specific circumstances to be possible. Here are a few considerations you must take into account before allowing your staff to reorganise their work life:
Advantage of Flexible Working for Employers: Key Takeaways
The advantages of flexible working for employers and employees are clear. Both parties benefit from greater productivity, reduced stress, and increased employee satisfaction. With the right systems in place and careful planning, flexible work has the potential to boost your business and take it to the next level.
Interested in finding out more? Our website has a wealth of resources for employers. Be sure to check out our services page. It has information on advertising on our specialist jobs board, creating a company profile, and more.
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