How Flexible Work Policies Can Boost ROI
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How Flexible Work Policies Can Boost ROI
Employers that have adopted flexible work policies reported that their profits have increased as a result, and they've achieved higher employee productivity. -
Adaptable Environment
75% of the respondents said their company has introduced flexible working policies to enable employees to vary their hours and use the latest technologies to work from home or on the road. -
Net Increase
61% of the respondents at organizations with flexible working policies said their company's profits have increased. -
Output Boost
83% of the employees surveyed said productivity has improved at their company since adopting flexible work schedules. -
Good Karma
58% said their company's flex work policies have had a positive impact on their organization's reputation. -
Well-Connected
61% use their home broadband service to access work apps, and 24% use a mobile data connection via their devices with a broadband dongle. -
Morale Makeover
55% of surveyed employees who don't have flex work availability said company morale would improve if such a policy were in place. -
Productivity + Profits
44% of workers at companies that don't offer flex work said productivity would improve if the situation was reversed, and 30% said profits would increase. -
Reasons for Banning Flex Work
Perceptions of a "bad culture fit" within organization: 33%. Worries about friction between employees who do flex work and those who don't: 30%. Concerns about workloads being unfairly distributed between flex and non-flex workers: 25% -
Generation Gap
72% of employees under age 25 think flexible working conditions would improve the quality of their work, compared with just 38% of those over 55 who agree.
A majority of global organizations are adopting flexible working policies to allow employees to work when and where they want, using the devices and apps they prefer to work with, according to a recent survey from Vodafone. Employers that have adopted flex work policies reported that their profits have increased as a result, and they've achieved higher employee productivity. Meanwhile, these firms gain an edge in talent recruitment because of the popularity of these policies and the positive impact they have on an organization's reputation. To ensure office-level technology functionality, flex workers depend on broadband access at home, while many are using a mobile data connection that takes advantage of broadband dongles (small devices that can provide different types of connections.) There has been a "profound and rapid shift in the modern workplace," said Nick Jeffery, enterprise chief executive at Vodafone Group. "Employers are telling us that flexible working boosts profits, while their employees tell us they're more productive. Central to all of this are the new technologies that are reshaping every sector, from high-speed mobile data networks and fixed-line broadband to the latest collaborative cloud services. We truly are in an era when work is what you do, not where you go." An estimated 8,000 global employers and employees took part in the research, which was conducted by Morar.