Flexible Workplaces to Benefit Your Bottom Line

May 10, 2016

By: Kyle Dickover


Flexible Workplaces to Benefit Your Bottom Line

May 10, 2016


Technology advances and flexibility in the workplace have redefined the workday for many organizations and their employees. Having a flexible working environment means that your organization defines “work” differently and, as a result, new guidelines are established for when, where and how employees get tasks done. This also means that results are not gauged by how much face time employees put in at the office; their work is reviewed based on its quality and whether it gets done.

For employees, flexibility allows for an easier time managing work and family obligations. It allows individuals to engage in their roles as a professional, parent, school board member, coach, avid exerciser and/or homemaker all at the same time. Allowing workplace flexibility is a great marketing tool for the company and a solid way to recruit and retain talented employees.

Types of Flexible Working Arrangements

There are many types of flexible working arrangements being implemented across the nation which include:

  • Flex time scheduling (employees are available within core hours during the day, but may vary the times they arrive in the morning and leave in the afternoon)
  • Telecommuting (working from a remote location)
  • Compressed workweeks (working a full schedule in fewer than five days)
  • Phased return-to-work from leave (gradually increasing the number of hours worked after taking a leave of absence from work)
  • Summer hours (reducing work hours during summer months)
  • Virtual work (working entirely through an electronic system without a formal work schedule or location)
  • Hoteling (employees share a workspace because they are only in the office for a portion of the week)

Employers may offer these options on an as-needed basis or as part of formal programs for all employees. Employers can also create a workplace that is entirely flexible with no defined work schedule (known as a results-only work environment). Most employers tend to land somewhere in the middle and have formal yet flexible arrangements.

Benefits of Flexibility

Many companies have had a lot of success implementing flexible arrangements in the workplace. For companies with employees who are no longer forced to come to the office and do not have set work hours, turnover has declined and employee engagement has increased. These companies also received the following benefits from offering a flexible working environment:

  • Increased retention
  • Increased productivity
  • Enhanced recruiting success
  • Employees are more accessible throughout the day
  • Reduced carbon footprint

Creating a Successful Program

Developing a program to make your workplace more flexible is fairly simple and requires minimal or no resources.

  • Create a link between flexibility and your organization’s goals. Determine how existing and future flexibility plans will align with your current and future company goals.
  • Look at your current flexible work schedule offerings—who is eligible, how the program is used, how the program is administered and what is expected of management and employees.
  • Determine how flexible you want to be. You will need to balance corporate guidelines, individual needs, management desires, etc.
  • Enlist management personnel to promote and administer flexible working arrangements. These people should have the training and tools to do so properly.
  • Communicate with your employees about flexible arrangements as part of your total benefits offerings.
  • Link flexible arrangements to your business results by creating a measurement system that gauges that connection.
  • Sell the program to senior executives by highlighting how the program can positively benefit your bottom line. They could also utilize the flexible program to show other employees that flexibility will not negatively affect their careers.

As baby boomers retire and younger generations enter the workforce, employers have to be more adaptable to their busy schedules. Employers are finding that some workers may not like a traditional schedule, elder care responsibilities require greater flexibility and parents insist that they have more time with their families. Furthermore, as the poor economy weighs on many organizations, employees may value more flexibility in lieu of a raise or bonus, which means savings for the company.

Since 2003, Apex Benefits has built a reputation on providing customized, calculated solutions that aid our clients in making effective benefits decisions for their employees. We believe that a company is only as good as its employees, which is why our team works with you personally to find employee benefits plans that truly benefit your company. We’ll provide the tools, resources and expertise to aid in benefits decisions, creating a continuous conversation about strengthening your workforce and making your business better.