Magazine article Management Services

UK Businesses Spot the Opportunity in Flexible Work

Magazine article Management Services

UK Businesses Spot the Opportunity in Flexible Work

Article excerpt

UK firms are switching on to the rewards of flexible working, according to the latest Business in Britain report from Lloyds TSB Corporate.

One third of firms currently offer work options for full time employees and these companies are already reaping the benefits.

Flexible contracts and working hours are a major boon for businesses; firms offering flexibility claim that staff retention and morale are significantly improved, and that productivity is directly increased. Over one third (37%) of businesses have seen much greater staff morale following the introduction of flexible working and just under half (49%) say that being a bit more adaptable has helped them retain valued staff.

Record low unemployment is making recruiting skilled staff increasingly difficult, and almost half (43%) of the 2,000 businesses surveyed had problems recruiting the right people. 70% of job seekers now want to work more flexibly, according to a recent DTI survey and almost half would also look for flexible working over any other benefit offered by employers. These changing priorities, together with new legislation earlier this year that enshrined the right for working parents to request flexible working, have turned up the pressure for British businesses.

Peter Navin, Banking Director for Lloyds TSB Corporate, comments; "Flexibility is now a vital recruitment tool that can give employers the edge in an environment where the competition for quality staff is intense. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.