As well as benefiting employees, the implementation of flexible working policies can lift an organisation as a whole.
That’s according to Dr Graeme Codrington, futurist at Tomorrowtoday.uk.com, who believes that through encouraging remote working, perhaps through services like video conferencing or e-mail, businesses can become more flexible and boost staff retention as a result.
“Flexibility has been a consistent top-rated engagement policy in research for at least the last decade, so anything employers can do to increase flexibility will gain rewards in engagement and staff retention,” he said.
Dr Codrington also highlighted the cost reduction in implementing flexible working. By cutting out the morning and evening commutes, businesses will notice an improvement in productivity and efficiency in their staff.
Furthermore, it’s not just young workers that can take advantage of flexible working practices. The “baby boomer generation” are coming to retirement age but don’t want to stop working – at least not entirely. Dr Codrington believes that many will want to continue working from home rather than exiting the world of work entirely, claiming older workers are going to “get a taste for remote working and they’re probably going to like it”.
Martin Palmer, a representative of financial service provider Friends Life, cited by agequityrelease.com, agrees with Dr Codrington: “[The home] could double-up as the workplace for many senior citizens.”