Employers looking to avoid costly staff turnover should put flexible working at the top of their HR agenda for 2014.
That’s according to global workspace provider Regus, which has offices in Milton Keynes.
Regus canvassed businesses across the city and found three quarters believed flexible working improved staff retention and considered it a key measure in attracting new talent. Overall, nearly eight out of ten of those polled (78%) say offering flexible working makes employees more loyal.
One in six claim that they would pick one job over another if it offered greater flexibility and a choice of work style.
Flexible working is usually understood to include multi-location working, where staff can work from home or from local ‘third places’ for some or all of the week, as well as flexi-hours or part-time work.
Aside from the wellbeing benefits, previous research has shown that three quarters (74%) of office workers in MK believe flexible working makes them more productive.
John Spencer, UK ceo at Regus, said: “It was not so long ago that flexible working was the province of sales people and senior managers who lived a long way from the company headquarters. But over the last couple of years, as the wide-ranging health and productivity benefits have become apparent, flexibility has become an essential part of any attractive job, particularly for younger workers.
“The main driver behind our continuing expansion - especially our Regus Express locations in transport and retail hubs - is to cater for the swathes of flexible workers emerging from all industry sectors and company sizes. Although some managers that approach us seeking workspace for their team members are initially worried about losing management control and visibility, their leap of faith quickly pays off. Indeed the message from our research is clear - companies that fail to recognise the role of flexible working in today’s workplace risk losing key staff and being unable to attract top talent.”