Find out about the latest business culture trend, flexible working
We speak to Kelly Singleton, HR Director at MAG-O about how she has successfully implemented flexible working
One of the biggest business culture trends at the moment is flexible working and companies have seen an increase in employee retention by introducing it as a modern corporate culture change.
“Roughly 70% of Millennial s see themselves as working independently at some point, rather than being employed within a traditional organisational structure”
Flexible working is exactly what it says on the tin, its flexible. It can be introduced in the form of adapted working times meaning employees can start and finish at a time of their choice or employees may have the opportunity to work at home.
These arrangements are favourable to employees as it gives them the opportunity to fit other commitments and activities around work and ultimately, make better use of their free time.
“A study by Forbes revealed that companies with strong cultures saw a 4x increase in revenue growth attributable to the strength of their company’s corporate culture highlighting the significance of this often-overlooked issue.”
As an employer, you can define what flexible working looks like in your business based on what arrangements suit the business and what IT systems and policies you already have in place to support the flexibility. Not only will embracing flexible working help towards ensuring you have a happier workforce, but it also makes good business sense in a number of other areas.
Most importantly, it can aid greater cost-effectiveness and efficiency such as saving on overheads when staff are working from home and give the chance to incorporate longer operating hours. It can also reduce the number of absences to attend doctors appointments and even reduce the number of sick days your staff take due to longer rest periods and a healthier work/life balance.
All of the above ensures a more productive workforce which in turn creates an increased level of customer satisfaction and that all-important edge on your competitors. A direct correlation between the retention of staff and flexible working has been identified and candidates are now looking for roles which have added benefits such as flexible working before applying for a job.
However, to fully incorporate flexible working into your business you need the technology to be able to support it…
We spoke to Kelly Singleton, HR Director at MAG-O about she helped her company embrace digital culture to aid flexible working and employee satisfaction:
“Our tech was really limited so as we designed and moved into a new building as one of the core facets of how we were going to develop it. Ultimately, we needed really good tech. When people join us they tell us what tech they need for flexible working and for office working - for example, if they want Apple, they get Apple, if they want Lenovo, they get Lenovo - it doesn't really matter to us as long as it enables them to do their job.” - Kelly Singleton, HR Director - MAG-O
If you would like to find out more about how to engineer cultural change, download our free guide below which explores what cultural change is, why it is so important for your business and how to engineer a cultural change as part of a successful growth strategy .