Many organizations today recognize that it takes more than a paycheque to retain their top talent. As talent in specific industries becomes more scarce, this challenge of attraction and retention will only increase. They also consider that any changes they do implement need to be aligned with the operational objectives of the business. So are there options that employers can consider that align with these concepts? Certainly. It’s just a matter of customization.
Employers need to ensure that the solutions they adopt make sound fiscal and operational sense for their business. So what about Flexible Work Arrangements? Statistics show that there is an increasing demand for today’s working population to balance work and life commitments. We only need to look at demographics to see why this is the case. Since 1975 the labor force participation of women with children under the age of 18 has increased from 47% to 78%. We have also seen a dramatic increase in the demand for elder care, with over 68% of the baby boomer workforce admitting to missing work or leaving early due to caregiver obligations. These are some examples of how the demand on an employees time makes Flexible Work Arrangements a very attractive incentive to attract and retain these employees.
The benefits extend past ensuring employees are more satisfied in their work environment. For employers, implementing Flexible Work Arrangement solutions can also serve as a means to increase productivity, reduce absenteeism, and lead to a more engaged and present workforce.
Join us on June 13th for a breakfast presentation on how these Flexible Work Arrangements can benefit both employers and employees and suggestions on how to get the process started.
We hope to see you there!
- Flex Your Sched – How to get the job flexibility you want – without irking the boss (theinsider.retailmenot.com)
- 10 Tips for Landing a Flexible Job (money.usnews.com)
- Want to Work Remotely? No Prob. Want to Take Time Off? Good Luck. (thecareerist.typepad.com)
- Accommodating the “Sandwich Generation” (hrblueprints.wordpress.com)
- Plans to extend flexible working hours progress (nzherald.co.nz)
- Attract and Keep A-Players with Nonfinancial Rewards (blogs.hbr.org)
- A better work-life balance helps NZ (stuff.co.nz)