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Remote? Hybrid? The competitive advantage of workforce flexibility.

The New Flexible Working Environment - WFH, Hybrid, Fixed Term, Portfolio or Fractional Work

The Way the World is Going to Work

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" - Portfolio or Fractional 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.

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. Their work is based on utilising their expertise for whatever is needed - full or part-time, or a mix of both over time. The terminology that applies here is portfolio or fractional work. 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 or project.

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The benefits are huge for all parties. The individual can maximise their skills to the best of their ability, the organisation gains a focused set of skills to achieve maximum outcome and results. And 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.

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