Flexible working fosters staff loyalty
Regus canvassed the opinions of over 2600 business owners and senior executives in the UK and found that over three quarters (76%) believes flexible working improves staff retention and seven in ten (71%) consider flexibility a key measure in attracting new talent.
Three quarters of those polled also claim that they would pick one job over another if it offered greater flexibility and a choice of work style.
Flexible working is usually understood to include multi-location working, where staff can work from home or from local & lsquo;third places’ for some or all of the week, as well as flexi-hours or part-time work. These measures are recognised as promoting a more balanced life: staff typically feel healthier, more energised and motivated, which accounts for the emergence of flexible working as a powerful HR tool.
Aside from the wellbeing benefits, previous research has shown that three quarters (74%) of office workers believe flexible working makes them more productive.
Other findings include:
· 71% of respondents say offering flexible working makes employees more loyal
· 56% of workers would actually turn down a job that ruled out flexible working
· 54% say they would have stayed longer in their last position had flexible working been an option.
John Spencer, UK CEO at Regus commented, “It was not so long ago that flexible working was the province of sales people and senior managers who lived a long way from the company headquarters. But over the last couple of years, as the wide-ranging health and productivity benefits have become apparent, flexibility has become an essential part of any attractive job, particularly for younger workers.
“The main driver behind our continuing expansion - especially our Regus Express locations in transport and retail hubs - is to cater for the swathes of flexible workers emerging from all industry sectors and company sizes. Although some managers that approach us seeking workspace for their team members are initially worried about losing management control and visibility, their leap of faith quickly pays off. Indeed the message from our research is clear - companies that fail to recognise the role of flexible working in today’s workplace risk losing key staff and being unable to attract top talent.”