The benefits of flexible work hours continue
The rise of flexible working hours, a trend cemented during and after the COVID-19 pandemic, demonstrates that rigid office schedules are not essential for productivity.
Originally a temporary solution, this approach has become a preferred working method in countries such as New Zealand, with half of the workforce enjoying flexible schedules.
Contrary to merely being a convenience for employees, recent research highlights how productivity benefits from such flexibility. The concern that productivity might suffer without constant supervision has been disproved.
Flexible time still key to productivity
For instance, the 2021 Gartner survey, which involved over 10,000 digital workers from the US, Europe, and APAC, found that many workers believe flexibility is crucial to their productivity: 43% of respondents indicated that flexible working hours increased their productivity, while 30% reported that reduced or eliminated commuting times also contributed positively.
However, 26% experienced a decline in productivity, citing connectivity and technology as issues.
The same survey explored how important the flexibility of schedule and location is when choosing a new job: 59% preferred job offers that allowed them to work from a location of their choice, and 64% favoured positions offering flexible hours.
READ MORE | 8 in 10 Australians look brightly to future work
Despite some employers’ reservations, the benefits of flexitime are becoming increasingly clear. Rigid schedules contribute to stress and anxiety, with significant economic costs.
The World Health Organization estimates that work-related stress drains roughly £300 billion (US$376 billion) from the global economy annually.
Moreover, long working hours can be harmful. The WHO reports that prolonged working hours may lead to serious health issues, including heart disease and stroke, through physiological stress responses and unhealthy behaviours like smoking and poor diet.
Key advantages of flexible work
Flexible working arrangements not only permit employees to manage their time based on set objectives and results but also reduce pressure and stress, leading to enhanced well-being. Benefits include lower absenteeism, higher commitment, improved job satisfaction, and better company performance.
Key advantages of flexible working include:
Improved Work-Life Balance: Employees can better integrate personal and professional responsibilities, enhancing overall well-being.
Increased Productivity: Employees are more productive when they can work during their peak focus times.
Reduced Commuting Stress: Avoiding rush-hour traffic and long commutes lowers stress and improves mental health.
Enhanced Employee Satisfaction: Autonomy in managing work increases job satisfaction, with employees valuing the trust and flexibility offered.
READ MORE | Flexible working hours on the rise in New Zealand
Attracting and Retaining Talent: Flexible arrangements make companies more attractive to potential hires and help retain current staff.
Cost Savings: Remote work allows for reductions in office space and related expenses, benefiting both employers and employees.
Diverse Workforce: Accommodating various needs, such as those of parents or individuals with disabilities, promotes diversity and inclusion.
Business Continuity: Flexible work ensures continued operations during emergencies, such as natural disasters or health crises.
Overall, the shift to flexible working hours is not just a temporary adaptation but a transformative development that offers numerous benefits to both employees and employers.