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Flexible Work Arrangement

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Companies have to confront the reality of an ageing work force. Those who fail to tap on this valuable source of manpower are likely to face a talent shortage.  Innovative and flexible solutions are key to meeting the challenges of the changing work force.

Flexible Work Arrangements (FWA) refer to work arrangements where employers and employees agree to a variation from the usual work arrangement. FWA grant employees the opportunity to reconcile their career and family needs in a manner that benefits both employee and employer. Employees may require such arrangements on a temporary or long-term basis. Options include varying their working hours or location. This can be done without compromising their job scope and responsibilities. This way, mature employees on a flexible arrangement can meet their personal obligations and at the same time, allow the organisation to maximize the knowledge and expertise they bring to the workplace.

Benefits

FWA creates a win-win scenario for you and your employees. The benefits include:

Increase in efficiency and productivity

FWA gives your employees time to attend to personal matters. This can boost their productivity as they are able to schedule their work accordingly. In addition, companies with FWA are able to respond to customer demands and needs to maintain an edge amidst the increasingly competitive and rapidly changing global workplace.

Increase in talent pool selection and talent retention

As the local labour market tightens and the skilled labour pool shrinks, employers have had to look at other segments of the labour force, older workers being one of them. Through FWA, your organisation has been given a boost in its efforts to attract, retain and re-employ talents of all ages. You now have access to a wider pool of seasoned workers who may not be available for traditional 9-5 work days.

Cost savings

Flexible work strategies can help your company lower costs related to productivity losses caused by absenteeism and lateness. In addition, organisations are able to provide longer operating hours to meet customer demands while still meeting their employees’ needs.. For instance, during a recession, you can consider offering part-time work options to employees instead of letting them go (find out more about how to manage excess manpower). This not only improves staff morale but also productivity.

Greater employee morale and decrease in attrition rate

Employees love flexible work arrangements. FWA give employees greater control and ownership over their work as they achieve greater work-life balance and a higher quality of life. Satisfied and happy employees are more productive. This way, employers too, benefit from higher staff morale, lower absenteeism, and better ability to attract quality workers.

Download our guidebook on Flexible Work Arrangements to learn how FWAs can help you get better business results.

The Tripartite Advisory on Flexible Work Arrangements gives you practical steps to implement FWA in your workplace.