Flex work offers many benefitsThursday December 10, 2015 Written by Retain Canada
The key driver in the rise of flexible work is employees’ desire for improved work-life balance.
According to new research from Regus, a global workplace provider, 66 per cent of Canadian professionals say the need to improve work-life balance is driving up the increase in flexible working, while about half (51 per cent) say the wish to work closer to home is also a key factor. Just over one-third of respondents (36 per cent) cite combatting the rising cost of commuting as a key factor driving the increase in flexible working.
However, it isn’t just the employee that stands to gain from a flexible work environment; the employer does too. From the employer’s perspective, flexibility is seen as a way of creating agile organizations that are better able to cope with rapidly changing market conditions (cited by 37 per cent of employers). Attracting staff from a wider talent pool (32 per cent) and complying with best practice employee flexibility standards (24 per cent) round out the top three drivers for employers to increase flexible working in their operations.
“Flexible working boosts efficiency and cuts costs, as businesses can reduce underused office space and operate in a more agile way, making decisions on a per-needs basis,” said Wayne Berger, vice-president of Regus Canada. “While the drivers for flexible working may differ for businesses and employees, both stand to gain. The fact that businesses are already benefitting from flexible working to increase their agility is good news. In addition, helping employees to find a more satisfying balance between their personal and professional lives creates a healthier and more productive workforce.”