Having a flexible work schedule is when employees work from home during certain days, take a few hours off from work, or just compress their work days. Flexible work hours are considered to be a luxury afforded only by tech giants like Google and Netflix, yet technology has enabled employees from all industries to work at a more relaxed pace than before.
Flexible work hours benefit both employees and employers alike. Here are six advantages of flexible work hours for employees.
1. Increased Work-Life Balance
Employees have several obligations in their lives, and some of these commitments are highly personal in nature. This is particularly true for employees who have spouses or children to spend time with. Flexible work hours means that employees can go to the parent teacher meetings, attend classes, or just be at home when an important delivery parcel is about to arrive.
2. Saving Commuting Time and Fuel
For many employees, reaching the workplace requires going through long and arduous journeys that chip away valuable time and money. Working from home is more convenient as it saves time, gas, and tiresome trips that might prove to be mentally draining. It also means that if fewer people are driving on the road, there will be less traffic congestion on the road.
3. Increased Employee Morale
When employees know that their company is actively looking out for them and accommodating their requests to work from home, it gives them a sense of job security and fosters loyalty to the organization. In many cases, flexible work hours can be the difference between high retention rates or disgruntled employees who are just looking for job opportunities at rival companies.
According to Accenture, about 80% of employees said that their ability to manage both home and work life affects their decision to stay at their company.
4. Reward Employees for Cheap
Work hour flexibility is an extremely economical means of rewarding employees who are loyal and committed to their work. This is in stark contrast to employee benefits or higher salary packages. Flexible work hours allow employees to work at their leisure while still getting the job done at no extra cost to the company.
5. Improves Competitiveness
Workers become more cost effective and efficient when it comes to using company resources. They are able to react faster to the ever changing market conditions and stay ahead of the competition. Employees can squeeze in more work from home than by being forced to sit on their desks. Sometimes a change in scenery is all that is needed to stimulate high productivity.
6. Reduced Levels of Sickness
Because employees can always take off when work becomes too overwhelming, they become better at regulating their stress levels. This reduces absenteeism because they don’t fall ill as a result of excessive stress levels.