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Flexible Companies Improve Morale – Building a Strategy for Success

February 11th, 2013

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Flexible workplaces have come a long way since being merely a perk to being a business building strategy. In April of 2012, the Society of Human Resources Managers (SHRM) and the Families and Work Institute conducted an extensive survey of businesses around the nation who were providing a variety of flexible work options to employees, called the 2012 National Study of Employers.

From flexible scheduling to the opportunity to work remotely at least part of the week, this survey found that a large number of companies are focused on helping employees restore a sense of work-life balance — an integral part of their overall satisfaction and productivity. The most effective workplaces, where employees reported being actively engaged in their jobs as a result of flexible work environments, were found to experience:

  • Higher overall levels of job satisfaction and sense of accomplishment.
  • More loyalty to their employer and the company objectives.
  • Less negative spill-over emotions from work to home life.
  • Better physical and mental well-being and lower levels of stress.
  • Greater engagement with their role and assignments, leading to more productivity.
  • Ability to take time off (temporary staff coverage) to cope with life’s responsibilities.

Cost savings of flexible work arrangements

In a case study of BDO, as featured in Forbes Magazine, an international accounting and financial advisory firm, that offers flexible options and benefits to its employees, the numbers speak for themselves. When they decided to open up an office in Austin, Texas, they chose to allow employees to work remotely, saving them $1.6 million in overhead. They also repeated this experience with an office expansion in New York City, reducing their office needs by another $1 million per year.

It should be obvious then, that offering employees more flexibility in the workplace can produce positive results for any employer. This in turn leads to better employee morale, greater retention, more innovation, and a healthier workforce. A vital part of this strategy is allowing full time employees the ability to take time off as needed for personal and health reasons. Having a temporary staffing agency, like Concorde Group, on board to call on for contract workers can help your employees to do this without stress. You’ll also be able to find suitable remote employees this way, as more companies are moving to this model to cut costs and provide flexible work options.

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