In the digital age, employees no longer need to be in the office for long hours to make a difference. Flexitime offers employees what they aspire for the most: a work-life balance that empowers them to work where, when, and how they want. And while there are still those who worry that flexible hours may be a privilege that can on a broader, the numbers show that this kind of approach actually boosts productivity and growth.

A majority of 60% of workers who work flexible hours feel that they’re not only more productive but also more engaged, according to data from Motley Fool. A 2018 HSBC report into the technology sector in the UK, which is one of their most productive, found that 89% of the surveyed believe that flexible working is a motivation to be more productive.

Flexitime benefits both employers and employees, and it is high time that workplaces start adopting these practices on a broader scale and take advantage of opportunities. Here are several business benefits of allowing a more flexible approach.

  • Improves Mental Health and Boosts Morale

Health and well-being are priorities for managers and staff alike. There’s nothing like feeling refreshed to get employees inspired to work. Giving them space and time away from the office allows them to get enough sleep. It also reduces the risks of fatigue, burnout, and stress from a possibly toxic workplace culture. With flexible working hours, employees can spend time with their families and pursue activities that make them feel good.

  • Lower Absenteeism and Tardiness

Working for more than 20 hours can be hazardous. Employees who do so are more prone to burnout and psychological stress, which may cause them to show up late, get sick, and miss work. By giving employees flexible hours, they get much-needed breaks and are able to manage their time and needs better while they fulfil their obligations at work.

  • Small Costs and More Savings

Flexitime allows businesses to save by increasing headcount without the need for a larger office space. Everything can be done digitally. Employees do not need to go onsite all the time so that businesses can cut overhead expenses like equipment costs, heating, lighting, maintenance, and many others. Employees can also save money they would otherwise spend on gas, public transportation, food, and other expenses.

  • Increases Creativity

Working remotely and flexibly motivates employees to think outside the box and deal with problems from fresh perspectives. Flexitime gives employees an open space and opportunity for the kind of deep thinking that is important in generating new ideas. Employees can be more innovative when they get to explore different sources of inspiration.

The flexible approach also enables employees to pursue creative passion projects outside of their day job. This helps them gain new skills and ways of thinking that they can apply to improve their work.

  • Promotes Better Collaboration and Project Management

Technology enables employees who work flexibly to connect with colleagues and collaborate on projects. Seamless communication can be done via digital looks like Skype, Basecamp, Slack, Zoom, and GoToMeeting. These tools help employees speed up tasks by effectively and securely share documents and data. They also fuel the remote workers’ resourcefulness, making their job more engaging and enjoyable.

  • Makes Recruitment Easier

Some 70% of workers strongly believe that flexible working would make a job more attractive to them, according to a 2017 survey by PowWowNow. Offering flexible working allows employers to recruit talented and competent candidates who can help the business be the best it can be. With opportunities for flexitime, companies may be able to widen their pool of talent, especially for hard-to-fill roles.

  • Improves Staff Retention

The same survey by PowWowNow reveals that 67% of employees wish they were offered flexitime. Introducing flexible working patterns can help retain the company’s experienced and skilled staff. Many employees see this move as a sign that their employers value them. Such arrangements also benefit the organisation by motivating the team to focus on getting things done, not just on showing up.

Employees find that flexible arrangements help them tremendously in completing their tasks more efficiently, as they can do things their own way. Statistics show that people with the freedom to work with flexible schedules are not only more productive and agile but also the most satisfied.

For companies to thrive in the future of work, they need to embrace flexitime and facilitate the conditions that will enable their workers to do their best. The key is to change and challenge the work culture: find a balance between the needs and goals of the company and the demands of the workplace.

A compromise between the employees and employer often leads to an outcome that works for everyone and achieves desired goals. Both groups should work together to create a unique flextime system that utilises digital tools and come up with best practices to make the most out of it.

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