If your company hasn’t yet embraced at least some form of workplace flexibility, you may be losing out in the retention/recruiting arena.
Earlier this year, a study from the Society for Human Resource Management and Families and Work Institute offered hard data to support the shift toward greater flexibility for employees, particularly when it came to when they worked and where they did their work.
Now, a global study by Unify, a communications software and services firm, finds that “more than one third of employees surveyed — including 34 percent of directors and 38 percent of managers — said they would change companies for an employer that embraces flexible work.”
Unify’s New Way to Work study, which surveyed 900 employees worldwide, also indicated that millennials are the most likely to accept or reject a position based upon the degree of flexibility offered.
A whopping 43 percent of these young workers reporting they’d switch jobs for greater flexibility.
This type of ‘flight risk’ can be devastating for organizations. It’s clear to us that if companies want to attract and retain the best talent, they must implement flexible work options.
Other high-level findings from the survey:
- More than half of all senior managers (director-level and higher) surveyed said their organizations are moving in the direction of more flexible work and expect to be there in the next two years.
- More than one third of respondents said they would drive initiatives to make flexible working terms a reality in their organization.
About the Author
Will has enjoyed a 20-year career in leadership positions in the hospitality and travel industry throughout the U.S. with the Hyatt, Sheraton, Hilton, Renaissance and Steamboat Ski and Resort corporations. Will received a Bachelor of Science degree from the University of Massachusetts at Amherst. From 2000-2007, he served as President and CEO of the Greater Colorado Springs Chamber of Commerce. He also served as Vice President-Special Projects for the University of Colorado Foundation from 2007 to 2009. Will is a past Chair of the Board of Directors of the National Homeland Defense Foundation and former member of the United States Chamber of Commerce Committee of 100. He is married to Nan, has five wonderful children, and enjoys coaching, traveling, hiking, golfing and skiing.