Flexible Working Schedules a Valuable Employee Benefit
In light of the fact that for now PPACA is here to stay, employers are looking at their other employee benefit offerings. One question we keep hearing, especially from small employers is—how do I remain competitive if I decide to not offer health insurance coverage for my employees. One answer may be Flexible Working Schedules.
A recent survey from indicated the value of allowing employees more flexibility in work schedules, especially over the summer months.
Workers were asked, “Which of the following summer benefits would you most like to have?”
|Leave Early on Fridays||28%|
|Activities such as a company picnic or potluck||11%|
|More relaxed dress code||5%|
|Don’t know/No answer||9%|
*Responses do not total 100 percent due to rounding.
HR managers were asked, “Which, if any, of the following summer benefits are offered at your company?”
|Leave early on Fridays||63%|
|More relaxed dress code||57%|
|Activities such as a company picnic or potluck||28%|
*Multiple responses allowed.
Employers that offer Flexible Work Schedules can also reap benefits:
Reduced Absenteeism: As employees are able to schedule appointments and other personal time needed on their time off.
Reduced Overhead: Fewer employees on site mean less office space needed, especially when you have employees who share the same on site space. Less turnover can also means savings in training of new employees.
Ability to Retain/Attract Employees: Employees who like the flexibility in work schedule are less likely to be swayed by slightly higher salary or position. It also provides employers with the ability to retain valuable employees who due to personal situations may need a flexible schedule to continue working.
Increased Employee Moral: Having control over their schedules reduces the stress in their lives. Less stress usually translates to happier employees who in turn are normally more productive.
To be successful, flexible work arrangements should have clear written policies to avoid misunderstandings and to avoid negative impacts on productivity. Cross-training of staff members allows for ease of staggering schedules to ensure there is adequate staff coverage. If you have staff that work in teams or have specific projects, you should set up regular check-ins to ensure things run smoothly.
By using flexible work schedules, both the employer and the employee win.
“Workers appreciate having more control over their schedules as they juggle personal and professional obligations,” said Robert Hosking, executive director of OfficeTeam. “Organizations that don’t offer summer benefits in some form may be missing out on a way to increase employee morale and retention.”
BCL Systems, Inc.
The source in Human Resources
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