As the corporate world is evolving to provide better work conditions, individual freedom is becoming a significant trend. Along with the BYOD (Bring Your Own Device) trend which is also catching up a lot, there is a simultaneous drift towards flexible working hours. Employees can come at their own convenient time or maybe even work from home. However, there is a minimum quota of time which needs to be fulfilled.
Analysing this trend a little further, below are a few reasons highlighting how this new shift is helping companies improve on workforce productivity:
Improved work-life balance
The availability of flexible work arrangements can help employees maximize work-family balance. This would subsequently lead to a greater motivation at work resulting in increased productivity.
Reduced waste of time commuting to and from work
As per a 2013 research by Press Trust of India, an average Indian spends 90 minutes every day stuck in traffic. If this time can be utilized by providing flexi work options, it would definitely be an advantage. It could further solve parking related problems as well!
Better physical and mental well being
Families and work Institute 2002 survey reveals, people in workplaces characterized by high levels of flexibility are both mentally and physically healthier than employees in rigid environments.
When employees are not restricted to their desks and can operate from any location any time it makes business more responsive. It can be a big advantage over competitors especially if operations are in different geographies leading to different time zones.
Making the aging workforce more productive
The workforce is swiftly evolving. As retirement age increases for western countries, more and more people consider alternative ways to strengthen their career. Companies can also make use of the experienced workforce which would not be ready to work, except for flexi-time options.
Apart from increased productivity, flexi-time can also be a good strategy for employee retention, motivation and recognition. However, this would be true only for service industries where the deadlines are not very strict. For industries like manufacturing, fixed time is the only way out.