77% of United Arab Emirates companies report that their productivity has increased as a result of flexible working practices, and 77% link increasing revenues directly to flexi-working, according to new research from global workplace provider Regus.
The research surveyed over 16,000 senior business managers around the world and it is believed to be the first time that independent research evidence has validated the causal connection between flexible working (time and/or place of work) and improved productivity/revenue generation.
Respondents also report feeling more energised and motivated thanks to flexible working (73%), perhaps indicating why they are able to become more productive and generate more revenue. Flexible working, by improving worker morale and health, is therefore also taking on the important role of talent retention tool, providing businesses with a valuable way of rewarding and attracting resources.
Other interesting findings are:-
– 81% of respondents declare that they work more on the move than they used to.
– 62% of respondents say that workers in their company feel healthier thanks to flexible working.
– 92% of respondents expect a surge in the number of people that go part-time at some point in their career path.
– Globally small businesses have embraced flexible working more readily than large with 80% of workers saying that their company works more flexibly than it used to compared with 68% of large business workers.
Mark Dixon, CEO at Regus notes, “Technology and network improvements as well as worker demands for a better work/life balance have driven flexible working to become the norm rather than the exception. This survey confirms the business case for flexible working revealing that global businesses see increased productivity and greater revenue generation as directly linked to flexible working practices.
“Business people are also working on the move more than they used to, making the availability of work centres in every city an increasingly attractive proposition, particularly to small businesses that cannot rely on a network of company offices when they leave their headquarters.
“In addition to these benefits staff report feeling healthier, more energised and more motivated which in turn means that staff are happier in their jobs, more loyal and less likely leave. As workforce expectations and demands change part-time arrangements are therefore becoming more common not only for freelancers, working mums and the working elderly, but also generation Y employees going straight into multi-job employment,” he said.
Before joining SME Advisor as an Assistant Editor in 2010 I obtained a Bachelors Civil Law Degree (Hons) from the National University of Ireland, Galway, Ireland, in 2005. I worked as a trainee lawyer in Dublin, Ireland, specialising in defence litigation and criminal law before obtaining a Masters in International Journalism from the University of Cardiff in 2009. At present I am the Editor of SME Advisor Middle East, which is a publication within the CPI Business Group. You can follow me on twitter: @mikey_byrne or @SMEadvisorME. Also, you can join me on Linkedin (Mike Byrne) or at (SME Advisor).