By
Lacey Conner, SHRM-CP
on
Feb
10,
2021
3 min read
2 Comments
The future of work is here, thanks to COVID, and a big part of that future is flexible work schedules. PwC’s U.S. Remote Work Survey reports that before COVID, 29% of U.S. financial services companies had at least 60% of their workforce working remotely one day a week, but with COVID, that number more than doubled. Flexible work schedules are important to and enjoyed by employees with nearly half of employees surveyed saying they want to continue working remotely after COVID. Employees say their remote work arrangements have given them a positive view of their employers, increasing their trust and satisfaction with their organizations.
Flexible schedules benefit employers in many ways. Jessica Howington, writing for Flexjobs.com, explains that offering flexible schedules helps employers stay competitive, keep employees happy, and be a company that people want to work for, enhancing reputation in the job market.
Flexible scheduling provides many benefits to employees, and not only the elimination of the daily commute, although that alone is a huge benefit. The impact on employee expenses and free time includes an annual average saving of thousands of dollars on fuel alone. Factor in business attire and time to commute to and from the workplace, and the economic impact of working remotely really adds up.
Flexible work provides jobs for many who may not have access to full employment, such as those in rural and impoverished areas. Flexible work provides better wages and fewer expenses for workers, building stability into the workforce. Job seekers have more options with remote opportunities, reducing unemployment and job search time. Flexible work schedules enable employees to better handle work and life responsibilities and benefit women in the workplace by eliminating some of their obstacles to work success such as excess time away from home and long commutes.
While employers large and small have had to pivot to remote workforces due to COVID, flexible schedules are not going away any time soon, if ever. The benefit to small business employers especially can mean a huge difference in competitiveness and the bottom line.
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