If your employees could choose between a raise and a more flexible working arrangement, you might be surprised how many would happily leave cash on the table.
IWG has released a report featuring feedback from more than 18,000 workers from 96 organizations around the world. The gist is that the flexibility genie has been unleashed, and it’s going to be tough for employers to shove it back into the traditional workplace bottle.
Key findings from the report include:
- Ninety-one percent of respondents said that flexible workspaces enable employees to be more productive.
- Eighty-nine percent believe flexible working helps their business grow (compared to 68 percent in 2016).
- Eighty-seven percent believe flexible working helps their business stay competitive.
- Eighty-three percent believe flexible working helps their business maximize profits (compared with 67 percent who said it improved sales in 2016).
- Eighty percent stated that enabling their organization’s employees to work from anywhere helped them recruit and retain top talent (64 percent in 2016).
There are advantages to the traditional office-centric workplace, such as increased opportunities for camaraderie and collaboration, but those perks appear to pale in comparison to the ease of working from wherever you please. The report goes on to tout the strategic and financial benefits for employers as well, including “mitigating risk,” “creating a presence in new markets” and “maximizing profits” by saving on office space, hardware and materials.
IWG’s CEO Mark Dixon believes it’s time for employers to fully embrace the era of the flexible, mobile workforce. He states:
One day soon, flexible working could simply be known as “working.” We are reaching the tipping point.