If you own a business, there is no doubt you understand the struggle it can be to find the right employees to further the goals and missions of your business. In an economy where there are many job applicants looking for work, finding the right employees to fill your open positions can take many days, or weeks, following an ad for a job opening. Once the right employees are found for your business, many employers realize the effort it then takes to keep and retain the best individuals for your team. When considering creative ways in which to keep your best employees, offering a flexible work schedule is one way in which to boost your business as one that is employee-friendly and will keep and retain the best work force.
Flexible work schedules are often classified as those schedules that include a five -day work week, with flexible arrival and departure hours – or a work schedule that consists of compressed time – a schedule in which employees can opt to compress a full work week into a three or four day shift. For employees who are hard working, and have your company’s missions and goals in mind, these are the best options as it often provides the employee with time in which to unwind and spend time with family.
One of the main reasons for departure from employment, as reported by employees who resign from a job, is the lack of a work-to-family balance. Even more so than wages or type of work, employees who feel as if they are unable to balance family and their job often leave a job in search of a more level balance. So, if you find that your company is experiencing a high turnover rate, then offering a flexible work schedule – with compressed work week or flex time, may be the answer your company needs.
In addition to retaining good employees, the flexible work schedule offering will also allow for attraction of new talent to your business. This is especially true if you work in an environment where competition is stiff to find the best talent in your industry. So, if you are looking for a way to attract good employees from one of your competing companies, offering a flexible work schedule may give you that advantage to hire the best of the best in your industry or field.
Flexible work schedules are one of the key employment based benefits that employees are looking for today. As a benefit that typically incurs no additional expense to a company, flexible work schedules provide a finance free incentive to keep the best employees on your team and to further the profits and goals of your business.
Sources: The Journal of Psychology, 2010, 144(1), 61-81