There’s a great new article over at CNNmoney.com‘s Fortune blog about the benefits companies can reap when they offer their employees meaningful flexible job options. It says, basically, what we have been telling our clients and readers for a long time: Flexible working arrangements are worth the effort because they can increase talent retention, productivity and morale.
The effort to institute a few key flexible job options can result in reduced turnover and absentee rates, as well. From the Fortune blog post:
Yet individual case studies make a compelling case for adding more flexibility to the workplace. After implementing a flexible work schedule and taking a more relaxed management approach, Solix’s turnover rate decreased to under 5%, its absence rate dropped to 0.6% of hours worked, and revenues have tripled in the last six or seven years, according to Parry. That’s a sea change from the old system of internal controls and competition, where the company had a culture of micromanagement and suffered from a 15% churn rate and a 3% absence rate.
“We have what we call ‘life style jobs’ at hireVision,” says President and CEO Tina Hamiltion. “For part time employees, that means they work in their office about 5 hours per day, then during the rest of the business-day hours they just need to be available for questions via email or telephone, which we supply. This allows us to attract a high caliber individual who is looking for a realistic life-work balance.”
Want to find out more about implementing effective flexible work arrangements at your company? Contact us today for a practical discussion about your human resources needs.