“Only 42% of organizations are primarily made up of salaried employees…”
We’ve heard it before: the world of work is changing. HR professionals are on the frontline of this fast-moving battle to adapt to the latest workplace trends. Today’s HR teams are being recruited, by design or circumstances, to deal with tightening resources, rapidly evolving technologies, and employees who oftentimes care more about having a positive work experience than how much they earn.
Forward-thinking companies looking to stay one step ahead of their competition know that to succeed they have to hire and keep the most talented people. And many of the smartest and most dedicated people are freelancers and contractors who work for themselves.
The case for a flexible workplace
To stay relevant in this increasingly talent-driven landscape, many companies are now shifting to a more flexible workforce model. According to one noteworthy study, 70% of employers predict that more companies will move toward a gig-based labor model in the future.
On the one hand, defining ‘flexible workforce’ is tricky. It looks different depending on each organization’s size and industry. On the other hand, it’s important to keep in mind that flexibility is more than a bunch of policies or programs. It’s an entire new way of doing business – one that’s tuned in to a particular workplace, cares for and trusts employees, and is tied to strategic goals.
Here are some proven flexible workforce benefits that cut across all businesses:
1) Deepen your talent pool: Tapping into a diverse talent pool is a major reason why HR leaders support greater workplace flexibility. Rigid working times and narrowly defined skills and training requirements too often shut out great talent. More flexible working arrangements enable students to work part-time, people to get experience in a new industry, and parents to return part-time from parental leave.
2) Boost your organization’s productivity: Flexible work is more than a nice idea. When people are encouraged to do more, and work on pressing projects, their productivity is maximized. And when your people can spot and solve issues quickly, they raise the overall quality of your company’s performance.
3) Streamline your processes: Using a flexible workforce makes it possible for resource-strapped organizations to maintain high standards and hit their sales targets – even with a smaller number of employees. You can greatly reduce overhead by hiring independent professionals for specific projects or seasons. Hiring short-term remote workers also brings down the cost of overtime and absenteeism often linked to onsite, salaried employees.
4) Keep your people connected longer: A flexible workforce actually supports HR’s goal of strengthening the connection people feel to their employer. Assigning your people diverse and interesting projects creates a dynamic work environment that leads to greater engagement. When you trust highly talented people with more responsibilities, they’ll want to stick around.
Is your company ready?
Flexible work has made it possible for organizations to harness the unique talents of professionals, parents, recent graduates, pensioners, freelancers, part-time entrepreneurs, and just about every other walk of life. There are many advantages to using a flexible workplace model, like helping your people achieve a work-life balance, improving their health, reducing their stress, reducing traffic, and so much more.
So, is your organization ready to limber up and get flexible?