How Young Workers Can Optimize Employee Benefits – Flexible working isn’t just for gigs or freelancers—many “traditional” employers offer flexible hours to their employees, too. As an employer, you may be hesitant to offer a flexible schedule to your employees. After all, aren’t they the only ones who benefit?
While it’s true that employees benefit from a flexible schedule, smart employers know that offering a flexible schedule benefits them as well. The benefits of business automation can help your business stay ahead of the competition, from being a green business to recruiting and diversifying.
How Young Workers Can Optimize Employee Benefits
The easiest way to describe workplace flexibility is to think of it as an agreement between an employer and an employee. A contract usually has three parts. My employees:
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As an employer, you may think this sounds like a self-serving schedule. And freelancing is one type of flexible work. But a simple process can include:
As an employer, you can offer your employees one or more of these flexible work options, but keeping track of the different work conditions and work hours of all your employees can seem overwhelming. and too much work for too little profit.
But the benefits of flexible working for businesses go beyond happier employees. Employers who offer their employees the freedom to work flexible hours can also find themselves a green, profitable and desirable company where people want to work.
To be clear, the above aspects of flexibility in the workplace are not as simple as they may seem. The reality is that even in the most flexible workplace, employers still need to place some restrictions on flexible working.
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For example, while flexible workers can work whatever hours suit their work schedule and let them do their jobs, you may require workers to work “core hours” that meet with other members. of the class so that everyone can make a class every week. meeting or being available to customers at a certain point in time.
By allowing your existing employees to work a flexible schedule, you can retain valuable employees. Without a doubt, a flexible schedule is one of the most important benefits that employees want from their employers.
A 2018 survey found that 80% of workers would prefer a job that offers a flexible schedule over one that does not. In fact, 30% say they appreciate working flexibly with more time off. And 35% said that working flexibly is more important to them than having a title or position.
If that’s not enough, consider that a 2017 study found that job seekers are willing to take an 8% lower salary if it means they can work for a company that allows flexible work hours.
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Of course, this is not news to us. Our 2019 survey found that 30% of respondents left a job because the company did not offer flexible work options, and 16% were looking for a new job due to a lack of flexible options – changing.
More importantly, 80% of respondents said they would be loyal to their employer if they offered an easy job, and 52% said they had already tried to negotiate with their current employer.
Think about it in dollars and cents. The average cost for a company to hire, hire and train one new employee is $4,000. Preventing your employees from leaving by offering a flexible schedule can save you significant costs in the long run.
Given that most job seekers are interested in scheduling more than anything else, and that flexible work benefits businesses as much as employees, it stands to reason that offering flexible scheduling can help recruit top talent.
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If none of the above convinces you that offering flexible working hours to your employees will benefit your company, consider that in the last 10 years, 83% of companies have already offered or plan to offer flexible working hours to their employees.
If you limit the number of people who vote for you in one area (or several areas), you will have a smaller number of candidates. And if you’re in the same place, your staff may be less. Even if you pay to move, you are asking candidates to be part of a diverse community, which can turn you off and miss you. A 2019 study found that companies with a diverse workforce have better teams than heterogeneous organizations. The wider and more diverse the net, the more likely you are to find the best people. Remote work not only helps diversify your business, it also helps your bottom line.
One of the reasons employers often don’t allow employees to work flexibly is that they feel that if they can’t monitor their employees, they won’t work. However, flexible working can increase employee productivity.
A 2019 survey of remote workers found that they work an average of 1.4 more days per month than office workers. This means 16.8 extra working days every year. Additionally, office workers spend an average of 37 minutes per day dealing with distractions at work, compared to 27 minutes per day for remote workers. Additionally, when you are in a virtual environment, it forces managers and leadership to evaluate their employees based on what is really important compared to when they are in a physical environment. This fosters a results-oriented culture that emphasizes motivation and thus helps the company succeed.
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And the analysis of the employees of the US Patent and Trademark Office (USPTO) confirms this opinion. A two-year study found that USPTO employees who were allowed to work from home and work from anywhere were 4.4% more productive than their office colleagues.
Engaged employees are those who understand their role and how their actions contribute to the success of the company. One of the ways companies create a culture of inclusion is by creating a workplace that empowers and respects employees.
And come to think of it, one of the best ways to empower your employees and show them respect is by allowing flexible working hours. When you let people work easily, you’re saying you trust them to get the job done, no matter how, when, or where that happens.
This investment will pay off in the long run. Employees who do their job tend to perform better than those who don’t. The staff involved means:
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Flexible programs not only save the employee and employer money, but also have a positive impact on the environment and help support the United Nations’ Sustainable Development Goals.
Employees with flexible schedules may not go to the office every day. This saves money for travel, work clothes and lunch every day. Employers save money on their overheads. They can rent a small office and use less electricity and water.
These changes also result in a lower carbon footprint for workers and employers. Because employees rarely drive (if at all), they don’t emit harmful emissions into the air regardless of how they get to the office. And when tenants rent small offices and use less water and electricity, they also help reduce the negative impact on the environment.
Considering all the ways in which COVID-19 has changed and continues to change the world, this pandemic is likely to be a tipping point for soft action.
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Families have learned that flexible working helps them balance work and home life. And workers have found that working from home has its benefits, including increased productivity. Employers have also learned that enabling flexible work keeps their company ahead of an ongoing emergency.
When this epidemic ends, there is a good chance that workers will not want to go back to the “old ways.” Job flexibility was on the rise before COVID-19, but has become more common, meaning job seekers are more likely to choose a job that offers with a more flexible schedule than one that doesn’t.
A flexible schedule benefits both the employer and the employee in many ways. And while it may mean a big change from the way you’ve done things in the past, embracing a flexible schedule will help you succeed in the future.
Has been providing expert business advice and consulting to businesses of all sizes and shapes since 2007. As a flexible company (our team is fully remote!), we know inside and outside what works and what doesn’t work. t.
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In order to hire successful remote workers, it’s important to start attracting top talent and asking the right questions. Find our best advice in this short guide.
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