Flexible Work Arrangements Modern Businesses Are Implementing

Even though the government has now ended all legal restrictions that were put in place during the pandemic, the way businesses operate has been changed for good. Traditional 9 – 5 working has become a thing of the past for many and there has been a notable shift towards more flexible work arrangements across all industry sectors.

‘Flexibility’ is one of the most common buzzwords of 2022 and almost all businesses are looking for ways they can increase their flexibility. Not to mention, employees are embracing the flexible arrangements that are being implemented and many are asking their employers for increased flexibility. All employees have the legal right to request flexible working and employers must deal with their requests in a ‘reasonable manner’.

If you have been contemplating implementing a more flexible work arrangement, below we have looked into some of the different arrangements modern businesses are favouring.

Why is flexible working so popular?

Flexible working has several benefits for both employers and employees. Having flexibility when it comes to work locations, hours and days can have a significant impact on work-life balance and this can positively affect health and wellbeing. Not to mention, it can impact everything from engagement and productivity to morale too.

One of the main reasons why businesses are implementing flexible work arrangements these days is because they can have a huge influence on employee retention and recruitment. Flexibility can improve job satisfaction and encourage loyalty, and this will help to prevent employees from looking for new jobs. This, in turn, will reduce the cost and time implications of high turnover rates. It has proven to be easier for businesses to attract top talent when they offer flexibility too and flexibility has become a top priority for recruits. Having a highly-skilled team is crucial for ongoing success and increasing interest in vacancies is always advantageous.

Different flexible work arrangements

Whilst there are lots of different flexible work arrangements to consider, some are more popular than others. Three of the most commonly implemented flexible work arrangements include;

Hybrid working

Rather than requiring their employees to come into the office every day, a huge number of businesses are allowing their teams to work remotely for a certain number of days a week. Commonly, employees will work from the office two or three days a week and then from home or any other location for their other contracted days. Hybrid working provides employees with the best of both worlds and it can be very beneficial.

One of the biggest benefits of this flexible arrangement is that employees won’t have to commute every day. This can save them a considerable amount of money and they will have more time to spend with their friends and family too. Hybrid working can have a positive impact on job satisfaction and it’s one of the most popular arrangements available nowadays.

Flexible hours

Traditionally, all employees would start and finish at the same time. However, working flexible hours enables them to choose when they would like to start work and when they would like to finish, and sometimes, this can differ from one day to the next. Lots of businesses will still have core hours that they require all employees to work, but outside of these hours, they will have the flexibility to work at a time that suits them.

When employees have children or other personal commitments, flexible hours can be really useful and it will make it easier for them to juggle their home life and their work life. In addition to supporting inclusion and diversity, flexible hours can help to improve team morale and this work arrangement can even boost productivity during core hours.

Compressed workweek

Instead of working a standard five-day week, some businesses are allowing their employees to work their full-time hours over fewer days. A compressed workweek arrangement generally means that employees will work four longer days, completing all of their required tasks during this time, and this enables them to have a three-day weekend or one day off during the week. This solution can work really well in some industry sectors.

Lots of employees are drawn to this flexible work arrangement and a compressed workweek is expected to be implemented by more and more businesses over the next few years. When employees only work four days a week, it can have a significant impact on sickness and absenteeism which can improve operations.

Finding serviced offices in Marble Arch

Should you be interested in implementing a flexible work arrangement and you’re searching for a serviced office in London that will make it easier for you to do so, get in touch with our team at One Avenue. We have lots of desirable office locations to choose from and we have already helped hundreds of organisations find their perfect home, so you can trust that you will be in the best hands with our experienced team.

When you rent a serviced office in Marble Arch with us, not only will you have your own private office space, but you will have access to several high-quality facilities too. We pride ourselves on the quality of our buildings and we guarantee an unforgettable first impression for anyone who walks in. In addition to this, we offer outstanding hospitality at One Avenue. We ensure our clients want for nothing and our dedicated team will be at your beck and call. If you would like to find out more about our serviced offices in Marble Arch, contact us today.