search
   
  subscribe
 


BizHelp24 Edition No. 182
Wednesday 26th April
2007

Back to Newsroom

April 2007 - Small Business News

 

Flexible Working - How Can it Benefit Your Business?

With more small businesses than ever before offering some form of flexible working to their employees, it is good to know that by improving the work life balance of employees; businesses can also reap benefits.

The new report by the British Chambers of Commerce (BCC) shows the efforts that many businesses are putting in to help meet the needs of their employees.
 

Amongst the key findings are:

  • 89 per cent of the businesses surveyed provide their employees with some form of flexible working.
  • 72 per cent offer part time working; 69 per cent offer variable working hours; 38 per cent offer working from home.
  • 71 per cent of employers believe that there has been either some or a significant improvement in employee relations as a result of offering flexible working.
  • 60 per cent of employers reported some or a significant improvement in staff retention.
  • 58 per cent of employers reported some or a significant improvement in productivity.

Interestingly, the reason why politicians may seem so keen to regulate is the fact that businesses are poor at celebrating their own achievements. As many as 84 per cent of respondents do not have a formal written ‘work-life balance’ policy, helping to explain the perception gap that exists between what employers are actually doing and what politicians assume they are doing.

The reason that employers gave for not offering flexible working shows the folly of trying to impose a one-size fits all approach on business:

  • 56 per cent highlighted the difficulty in achieving business growth with a reorganised workload and resources.
  • 32 per cent cited a desire to be fair to all employees.
  • 21 per cent cited the administrative burden of new policies as being a barrier to providing flexible working.

Instead of legislating it is clear that businesses need practical guidance about how they can work more flexibly at low cost. Without the HR support that large firms have, SME’s need business support schemes tailored specifically to their needs.

Sally Low, Director of Policy and External Affairs at the British Chambers of Commerce, said:

“Business is well ahead of the current debate. The overwhelming majority of respondents to our survey are embracing flexibility because they understand clearly the benefits of providing flexible working to their employees, reporting improvements in employee relations, staff retention and productivity.

“The debate now needs to shift away from what employers are not doing to focus on what they are and try to identify the real barriers to greater flexibility. Those who aren’t providing flexibility for their staff lack the management confidence to restructure the way they manage their staff, only advice and support will rectify this while further regulation will impose a needless and onerous burden”.

More information on Flexible Working Rights

Newsletter Archivee

View Latest Newsletter

Archive: Apr to Jun 2007

 

 

BizHelp24 – UK business and finance information, news, help and services for small businesses BizHelp24 is a UK business and finance resource providing Small Business Help, Start up Information, news and services; for individuals and Sole Traders. Comprehensively covering a wide range of key business, finance, and service topics. Employment and personal information includes Work Times and Break Entitlement, Body Language, employee Holiday Entitlement and Employment Contracts. Credit Policy information includes Letter of Credit, useful Credit Notes, Business Loans. and Cash Flow Control. Other information areas include Bankruptcy, Homeworking, Business Failure, Company House and Company Names,

The free content within this entire web site is for information only.
The content is believed to be accurate, but only in general terms. Specific advice is needed for individuals & businesses.
ROK Connect Limited (Registered in England No.3573320) t/a Biz Help 24 is registered with the
Data Protection Act 1998 No.PZ7082780

Terms of use       Advertise With BizHelp24      Press Releases

© ROK Connect Limited 2008. All rights reserved.     Website design by: PCD