In a report prepared by the Future of Work Institute, they establish the benefits of flexible working arrangements.
- Increased employee productivity. It is measured more on flexible workers than traditional ones. Also they can be able to leverage on new technologies to collaborate and communicate.
- Effective Virtual Teams. Flexibility encourages the formation of high profile teams that can confront highly sophisticated workload independently their physical location.
- Meeting the customers needs. The continous operations that can be done in multiple locations and time zones can reach 24/7 customer demands.
- Matching customers expectations. Flexibility helps to meet the growing expectations of consumers who expect around the clock access to goods and services.
- Reduced business travel. The reduction of face to face meetings decreases the need for any travel.
- Agile infrastructure. The office occupancy is reduced and the real estate savings are reflected on those costs.
- Increased engagement. The people are able to fit their work as they want. This enables to shape on every circumstances they have producing a loyalty and engagement to their work.
- Greater retention. The stress is reduced due to the ability of change the working habit which makes employees ot have a second thought when leaving the company.
- More senior women. For the women who left their jobs due to motherhood, it requires flexibility and the company support. Remote work can increase the proportion of senior women in companies.
- Attraction and retention of senior executives. Not only younger generations are willing to work everywhere, also senior management can focus on remote work.
- Flexible retirement. For older workers this can help in their transition to retirement. Remote work can create choices for the retirement and reduce the loss of tacit knowledge if the employee just left suddenly the job.
- Generational working styles. Diversity allows the company to have a multidisciplinary team and it reduces the potiential conflict between generations.