Source | www.inc.com |
Recruiting talent over the next decade will be challenging for many companies. As the work demographic continues to shift and technology advances at breakneck speed, traditional brick-and-mortar companies will be challenged to recruit and retain the best talent available.
Bill Gates understood this several years ago when he imparted on us wisdom that is now deemed conventional:
“The competition to hire the best will increase in the years ahead. Companies that give extra flexibility to their employees will have the edge in this area”
The gig economy, remote work, compressed workweeks. It’s clear we have transitioned to an age where workers expect more flexibility. But while “flexibility” has increased substantially, the majority of companies today are either unable or unwilling to adapt to the lifestyle demands of young workers. In turn, they’re losing good talent to companies with more flexible options like remote work.
Why you should offer more flextime for employees
According to a recent study by FlexJobs, 84 percent of Millennials want more work-life balance and 54 percent want to work a flexible or alternative schedule.
According to Global Workplace Analytics, up to 90 percent of the U.S. workforce say they would like to “telework” at least part-time, with two to three days a week being the sweet spot for the right balance of “concentrative work (at home) and collaborative work (at the office).”
Other research from survey software firm Qualtrics found that roughly 76 percent of Millennials would take a pay cut to work for a company that offers flexible office hours.
So what are some tangible business reasons why companies should offer their employees flexible work options?