In today's labor market employers are becoming more and more concerned with retaining and attracting the best employees available. Research demonstrates that the availability work arrangement is a huge influence when people choose where to work and whether to stay in the organization (Richman et. al, 2008).
Over the period of time work practices have been redesigned in order to meet the business needs of the modern world.
Discussion
Benefits of Flexible Work Schedules to Employees
The benefits that are derived from flexible work practices for employees are given below:
It is easy to maintain work life balance. By meeting family needs, personal liabilities and other responsibilities of life comfortably.
Saves commuting expenses and time for employees.
Eliminates stress of traffic and rush hours during commutation.
Increased sense of personal control over working environment and schedule.
Decreased employee stress caused by work overload.
People can work at those times when they are most productive and enjoy working. For example some people like to work at night and some like to work at day.
It may also save external childcare hours and costs associated with it, depending on the flexibility of work schedule chosen.
Benefits of Flexible Work Schedules to Employers
Now let's discuss the benefits that employers can experience with flexible work schedules.
Increased employee dedication, commitment and engagement to the organization
Decreased tardiness and absenteeism.
Increased chances of recruiting outstanding employees.
Decreased valued staff turnover.
Work can be operated in shifts especially for departments like customer service.
People can work at those times when they are most productive and enjoy working. For example some people like to work at night and some like to work at day.
Enhance goodwill of the employer as an employer of priority providing work life balance with flexible work schedules.
Reduced overtime and saves cost on lost time since long breaks and late arrivals doesn't have record as time worked.