Flexible WorkingLeads to Rise in Revenue, Productivity: Study

New Delhi: Flexible working practices have increased employees' productivity and revenue generation of Indian companies, says a study. According to a report by workplace provider Regus, 79 percent of Indian companies surveyed said that their productivity increased due to flexible working practices, while 77 percent linked increasing revenues directly to flexi-working. The report noted that 72 percent of respondents say that workers in their company feel healthier thanks to flexible working. "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," Madhusudan Thakur Vice-President Regional South Asia at Regus. "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," he added. There may also be more people who work part-time at some point in their career path as 82 percent of Indian respondents said they expected a surge in this number. Small businesses have embraced flexible working more readily than large with 85 percent of employees saying that their company works more flexibly than it used to compared with 67 percent of large business. Besides, flexible working is being successfully used as an important talent retention tool. These findings are part of a new global research report from Regus based on responses from 16,000 senior business managers in 80 countries. Overall, 72 percent of global businesses reported that increased productivity is a direct result of flexible working practices. In almost all cases, (68 percent) firms declare that flexible working has led to staff generating increased revenue. "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," the survey noted.
Source: PTI