Remote? Hybrid? The competitive advantage of workforce flexibility.
The New Flexible Working Environment - WFH, Hybrid, Fixed Term
The Way the World is Going to Work
Remote working or a combination of onsite and remote, or hybrid, offers numerous benefits that enhance both the employee's well-being and the company's productivity.
Firstly, it eliminates or reduces the daily commute, removing stress and saving time, allowing a better work-life balance. It also opens up opportunities for individuals who live elsewhere, or for those who find traditional office work environments difficult.
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Such a flexible work environment enables employees to tailor their schedules to their most productive hours, leading to increased efficiency and job satisfaction, and increased productivity - a win-win all round.
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For organisations, it opens up a completely new talent pool, and removes the restrictions of geographic location and commuting. What it does mean is a new way of staff management and productivity measurement, something organisations need to have in place prior the commitment.
Cost Savings and Benefits
Remote or hybrid working promotes autonomy and trust, fostering a sense of responsibility and ownership for employees, and this can drive innovation and creativity. Research has demonstrated that productivity is not affected and in many cases improved.
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There can be significant cost savings for employers. Reduced office space and utility expenses, as well as decreased employee turnover and absenteeism, contribute significantly to profitability and outcomes.
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And for an employee, the reduced cost of not having to commute, both in time and money, means better time productivity, better family environmental impact, and a more harmonious balance of work and personal lifestyle.
Fresh Perspectives on the Talent Pool
Remote work allows companies to tap into both a national and potentially a global talent pool, attracting skilled professionals from different geographical locations. It promotes diversity and inclusion, fostering a broader range of perspectives and ideas, and the potential of enhancing regional development for both business and populations growth.
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On the other hand it gives employees greater options to consider where they live out of choice.
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Overall, embracing a remote and hybrid working methodology leads to improved work-life balance, increased productivity, reduced costs, and access to a diverse talent pool, benefiting both workers and organisations alike.
Fixed Term Engagement
For employers, fixed-term employment provides flexibility in managing your workforce. You can hire for a specific project or period of increased workload, maternity/paternity leave, or any other defined business requirement, without the long-term commitment. This flexibility enables you to adapt quickly to changing market conditions, scale up or down as needed, meet your business needs, and effectively manage costs.
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Our experience in both Professional Contracting and "just-in-time" Permanent Recruitment ensures this "hybrid" resourcing methodology can be enabled successfully within your organisation.
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Fixed-term employment also benefits employees in several ways. Firstly, it offers a variety of work experiences. By engaging in different projects and organisations, it can broaden their skills, gain exposure to diverse industries, and enhance their professional development. Additionally, these fixed-term engagements often provide a higher hourly wage or project-based compensation, allowing employees to earn more within a specified period. It can help work-life balance, allow development of personal endeavours, and also means that individuals can move about successfully and try different options prior to selecting a longer-term option.
For employers, it gives the ability to engage expertise on a more flexible basis to enhance business pressures in today's "fixed changing" environment.
As the nature of work continues to evolve, fixed-term employment is becoming an increasingly attractive option for both employers and employees alike.
The Emergence of the "Flexecutive"
So what is a "Flexecutive"?
They are people at a professional and executive level who choose to work in a non-traditional way, and do not follow a traditional career path of an upwards "hierarchy" trajectory. Part of their "career" may have been following that path, but they make a considered decision to utilise their skills and capability doing what they do best - apply them specifically for a task, project, or for a fixed term during change.
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The benefits are huge for all parties. The individual can maximise their skills and increase learning, the organisation gains a focused set of skills to achieve maximum outcome and results, then both parties walk away with success.
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It's the way of the world now and a concept we should embrace.
Have any questions or need help? Our team is always available to assist you. Contact us today to learn more about our services.