Softworks Blog

What types of companies operate flexitime?

Posted by Softworks Workforce on Fri, Jun 18, 2010
Many employers recognise that the introduction of flexible working arrangements
flexitime
 brings tangible benefits and makes good business sense. 

Psychological benefits
  • Increases staff motivation
  • Increases morale
  • Increases employee satisfaction and production
  • Reduces employee stress and fatigue and makes employees more focussed
  • Gives employees greater control of their working week

Financial benefits
  • Helps retain staff, cutting down on recruitment and training costs and costs associated with the settling in period for new employees
  • Reduces overheads – it may be possible in some instances to double up on facilities e.g. desk sharing etc.
  • Allows employers to extend service hours, perhaps reducing the need for overtime
  • Working hours can be matched with peaks and troughs of the business to maximise productivity
  • Inexpensive benefit to implement and automated solutions provide a quick return on investment 
  • Intangible financial benefits
  • Attractive to a wide calibre of employees 
  • Reduced absenteeism
  • Reduced sick leave
  • Increased productivity
  • Reduction in tardiness and punctuality problems
  • Less employee turnover

Results from the Softworks survey show that 79% of those who have flexitime in place, are currently implementing flexitime, or plan to do so in the future think one of the main benefits will be improved employee satisfaction. It is well recognised that happy employees make productive employees and this may be the reason why many companies have introduced flexitime arrangements.

Improving employee retention is another top reason for introducing flexitime. 57% of employers value their current workforce and have introduced a flexitime scheme in order to reduce the number of high quality staff leaving. By offering flexitime arrangements companies cut down costs in relation to hiring etc. 

The third most popular reason for introducing flexitime is to help reduce absenteeism in the workplace. Irish businesses lose hundreds of millions of euro each year as a result of employee absenteeism. Absenteeism is not something that is confined to a few sectors of the economy. It is one of the most persistent obstacles to productivity, profitability and competitiveness. It causes overtime, late deliveries, dissatisfied customers and a decline in employee morale amongst workers who are expected to cover for an absent employee. 
 

Topics: Flexitime / Flexible Working Hours Arrangement