The benefits for employees may seem obvious, from the chance to achieve a better work-life balance to lower stress levels for those not battling the daily commute, but these can also offer benefits for businesses too. Not least is the fact that happier employees tend to be more productive and loyal. A recent study by the Chartered Institute of Personnel and Development (CIPD), for example, found that flexible workers not only have a higher level of job satisfaction, but that that increased engagement can potentially generate 43% more revenue and 20% better performance. What’s more, 81% of employees believe that being able to work remotely increases their productivity1.
As well as reducing absenteeism and supporting employee wellbeing, flexible working can help businesses tap into a broader talent pool. That could allow you to widen your geographical range or appeal to those whose care responsibilities may make traditional 9-5 office-bound hours more difficult.
Remote working, though, isn’t for everyone or every business. Some employees can struggle with lack of structure or routine, possibly leading to an inability to focus or switch off. Others may miss the social interaction of a work environment. Managing staff who work remotely can also feel more difficult and there may be concerns around loss of visibility or control.