For many HR departments, the struggles are real—and they've been real for decades. These seven topics below are common stumbling blocks for companies big and small, but flexibility provides a solution to each one. And the proof is in the statistics. Read on…
Talent attraction Flexibility is one of the top job search criteria for employees of all ages, but especially for millennials and Gen Z who will soon dominate the workforce. And IWG reported this year that 83 percent of workers would—all other things being equal—choose a job with access to flex than one without.
Talent retention Flex doesn't just lure employees to your organization, it convinces them to stick around. In our research, one in two employees said they would leave their current job to find a more flexible alternative, and in a recent survey, nearly half of respondents said they would choose flexibility over a pay raise.
Employee morale Forget about ping-pong tables or happy hours. Those "surface-level" perks don't matter as much as "how people feel they are treated, and how they're valued," organizational psychologist Laura Hamill tells The Chicago Tribune. Specifically, offering flexibility shows employees you respect them and trust them to do their work.
Employee engagement Everyone likes an engagement story. Here's ours: Employees with access to flex are half as likely to report being dissatisfied at work than those without. The correlation between flex and engagement also shows up in companies' employee net promoter scores (eNPS) as well. The better a company's flex performance, their higher their eNPS, meaning that their employees are more likely to say positive things about their experience and more likely to become brand ambassadors for their employers. A new ADP survey also found that Remote and DeskPlus employees are nearly twice as engaged as their peers.
Productivity It's no coincidence that we have a whole blog channel devoted to productivity. The current workday structure makes it challenging for 29 percent of workers to perform optimally in their role, and for 29 percent to perform sustainably over time. By contrast, workers have started producing nearly six days' of work in just five with flex.
Workplace wellness The current workday structure also makes it difficult for 29 percent of workers to manage a physical condition or chronic illness, for 30 percent to get enough sleep, and for 37 percent to pursue exercise or healthy living. With flex, however, they can take steps to better health—midday workouts, trips to the doctor, later work shifts, etc.
Real estate optimization When workers have location variety and independence, companies can optimize or even reduce their real estate investments. After implementing location variety, American Express started saving upwards of $15 million per year. You can see why we view real estate savings as just one of flexibility's secret weapons.