- emphasis on outcomes
- retain experienced staff
- recruit from a wider pool of skilled workers
- increased employee commitment
- reduced absenteeism
- more honesty about reasons for time off
- increased efficiency and productivity
- reduced recruitment costs
- good reputation/company image
- assists quality
- diverse workforce
- emphasis on overall employment package rather than being locked into to an escalating pay spiral to avoid 'poaching'
- facilitates the transition to remuneration for outcomes delivered in relation to the job description rather than the hours spent at the work place
- Employers as well as employees have a lot
to gain. Retaining experienced staff saves employers the cost
of recruiting and training new staff and helps build morale
in the workforce. An employment survey of the FTSE top
100 companies found that those assessed as 'very good' in terms
of family friendly working practices far outperformed other
companies in share performance. On average their shares rose
by 141% over a 5-year period, compared to the FTSE average of 78%.
To employees
- feel recognised as a person
- reduced stress
- reduced conflict between work and family commitments
- increased trust in employer
- clarity about expectations
- increased morale
- facilitates clarity about expectations in terms of delivering targets rather than the time spent at work.
The cost of failing to introduce flexible working policies
- increased turnover of staff and loss of experienced personnel
- susceptibility to 'poaching' and increased pressure to raise pay scales to retain the dwindling pool of recruits from traditional sources.
- operating at below maximum efficiency and profitability
- high recruitment, induction and training costs
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