Almost two thirds (65%) of private sector employers think flexible working will increase over the next 5 years, according to Aviva.
The study of 500 employers and 2,000 employees found 51% of businesses said flexible working increases productivity and 68% said it improved staff satisfaction.
Of those who currently work flexibly, 37% were happier at work and 34% were able to manage their responsibilities outside of work more effectively.
Flexible working also improved retention and recruitment with 63% of workers more likely to stay with an employer who offers flexible benefits.36% saw flexible working as a key factor when considering a new job.
Flexible working options most valued by workers:
- working from home (23%)
- working longer hours over shorter number of days (22%)
- working flexible hours across the week (19%).
Gareth Hemming, director of SME insurance at Aviva, said:
“Businesses may need to rethink the way their employees work and should consider the benefits flexible working could bring in meeting business goals.
“It can also support employees looking to manage their work-life balance better as they juggle work with busy lives, looking after family young and old, managing health or even wanting more time to pursue other interests.”