As the standard 9-5 work day evolves, millennials rate flexibility in the workplace in the top three priorities when searching for a new job. That’s according to the latest figures from Deloitte’s millennial survey 2018.
As a working Mum, with two young children, I’m fortunate enough to work for a company who promotes and allows an agile way of working, offering fantastic flexi-time and tele-commuting options. Today’s technology enables me to work efficiently at home, reducing travel time, and giving me the flexibility to juggle school holidays and the occasional sickness bug (oh the joys of parenthood!).
Organisations that are yet to adopt these benefits often tell me they’re concerned about the lack of face time, impact on office culture or have reservations on how team collaboration will work. But, if and when managed well, and supported by the right technology, it’s much easier to stay connected and it can be used as a smart talent strategy!
Offering some form of flexibility, whether it’s part-time working, remote-working, job sharing, increased holiday allowance or flexi-time can open up your talent pool of prospective candidates, and potentially on a global basis. CIPD research shows the benefits are stacking up, companies that adopt flexible work policies can benefit from increased productivity, improve employee well-being, and it can lead to better talent attraction and retention.
There is definitely an impetus to change the traditional working way, particularly amongst corporate companies. For example, recently both Netflix and Virgin have implemented unlimited annual leave policies, whereby salaried staff are permitted to take off whenever they want, and for as long as they wish. It is down to the employee to decide if and when they do take time off, their absence will not have a detrimental effect on others or the business. Companies are really starting to trust their employees more.
We have also seen a rise in ‘objective-based pay’, whereby employee time at the desk is replaced by output and people’s productivity, and a shift towards the ‘six-hour working day’ following its success in Sweden, which has seen improved staff morale and health.
So, is the 9 to 5 history? I think it could well be… I, for sure, am enjoying the flexible working and would recommend all companies to implement modern working practices if they haven’t already done so.
We work with a number of forward-thinking companies who embrace and adopt flexible work policies, fancy working with one? Get in touch today to find out about the latest opportunities! Stephanie.Gibbens@hellobloc.com