The Covid-19 pandemic ravaged the globe, forcing businesses to adjust due to severe health regulations. Organizations switched to flexible workspaces overnight with the purpose of keeping the lights on in the most extreme conditions. As things begin to settle, rethinking how we operate has become critical to our continued success.
The ability to bend easily without breaking is commonly defined as flexibility. Being adaptable at work requires and enhances abilities like perseverance, freedom, variety, teamwork, and tolerance.
It’s no surprise that flexibility is our secret weapon for navigating life’s and work’s unavoidable changes.
According to research, we should prioritise flexibility in our adaptation efforts. It maintains continuity in the face of enormous challenges while also allowing us to innovate for future growth. Long-term advantages affect every facet of our humanity.
Beyond this crisis, workplace flexibility is critical to our recovery. It manifests itself in daily decisions such as where we work and how our schedules appear. It also has an impact on how we interact with one another and solve difficulties.
Here are six advantages of having a flexible workplace and how to make it work for you:
1. Improved branding and a stronger foothold
On a larger scale, flexibility equals agility. Agile businesses are better positioned to notice and react to market developments.
A flexible culture allows people to focus on new opportunities without being paralysed by the fear of disrupting the status quo. Particularly during times of crisis, risk tolerance can be a competitive advantage.
The two sides of the same coin are dealing with threats and grabbing fresh chances. This is especially true when businesses are undergoing fast transformation and new opportunities arise.
Companies that want to gain the full benefits of a flexible workplace must have shared principles. Leaders must instil a flexible mentality that values creativity, flexibility, and versatility.
This is true for dealing with external threats as well as promoting and supporting their teams. These are the businesses where people wish to work.
2. Significant savings in both time and money
Flexible working arrangements are an important element in a cost-benefit analysis for budgeting and planning. Companies can save a lot of money depending on the type of work regulations they have – from entirely remote to hot-desking.
The most evident winners are real estate expenses, recruitment/turnover costs, and overhead expenditures. The productivity benefits of flexible work arrangements are frequently neglected.
Working smarter and better may not produce immediate results, but they build up. Long-term benefits of increased flexibility include increased efficiency, less stress, fewer absenteeism, and employee engagement, which management can credit to increased profit margins.
The scale is less for employees, but no less remarkable. The time saved from commuting will benefit both work and personal life. Reduced expenses from flexible work alternatives, such as petrol, lunch breaks, and even workplace apparel, are very significant in terms of money.
3. More effective project management
In a fluid workplace, project management is an ongoing negotiation. Only a few of the challenges include resource allocation, deliverable quality, and reporting. All of these components can benefit from flexibility, and it all starts with agile planning.
Project management and flexible workplace arrangements have a few things in common. The ability to be flexible can easily transfer into successful project management.
Both projects and teams can benefit from a flexible approach to work assignments and milestone setting. During the stress of execution, open communication and clear expectations keep things operating well.
Managers of projects (and people) must remain on top of changing requirements while minimising disruptions. By keeping alternatives open and decision-making quick, flexibility helps to counterbalance uncertainty.
This is why so many businesses rely on software to manage projects like RisePath PlanCentral to improve collaboration, communication, and productivity. Project managers can use RisePath’s platform to keep track of tasks and assign work to team members who have the time.
The way the team communicates completes projects, and stays pleased determines how flexible the workplace is. It’s not just the four walls that surround everyone; it’s also the software to manage projects that your team employs on a daily basis.
4. Improved talent attraction and retention
Flexible work environments are not a new trend. The epidemic hastened the trend of globalization’s opening.
Companies can and should reach out to excellent people no matter where they are located. Collaboration, innovation, and autonomy are just a few of the benefits of flexibility that attract top talent.
Another key benefit of flexible workplaces is diversity. Reaching out to a wider audience can only be beneficial to businesses. A vision of progress and inclusiveness can be supported by a varied pool of ideas and experience.
Leaders may better retain great employees by cultivating a culture of freedom, recognition, and flexibility. Employees with desire, flawless work ethics, and an entrepreneurial spirit are the most productive.
They flourish when they have complete control over their time and jobs. Organizations must be prepared to keep up with tomorrow’s employees by empowering team leaders and providing them with the necessary workforce management tools.
5. Stronger teams and increased participation
A flexible workplace, contrary to popular belief, is not incompatible with a strong sense of belonging and teamwork. Companies, on the one hand, have all of the remote work technologies they need to connect, manage, and collaborate.
Having the option to work during peak hours, on the other hand, permits people to show up and completely commit to their tasks. Managing teams in a flexible environment are not without its difficulties.
Leaders must ensure that a deeper sense of belonging replaces the cohesion offered by a common physical environment. Corporate principles and our common humanity can help bring people together. For such, we no longer require defined office hours or intimidating structures.
The ability to choose is critical to the success of flexible teams. Employees have the power of agency when they have a voice in their work schedule or location. The advantages can be seen in terms of production and dedication.
6. Work-life balance is more attainable
The pandemic forced us to pause and reconsider our priorities. Our loved ones, quality time spent together, mental wellness, and a feeling of balance were all at the forefront of our minds. Flexible work environments and schedules enable us to focus on what matters most, often with greater commercial results.
People are beginning to recognise the true benefits of having a flexible workday, and it is quickly becoming the most important factor to consider when choosing a job.
Flexible working hours contribute to job happiness. People are better suited to deal with personal demands and family duties when they have a calmer mentality.
The future is flexible
If we think about it for a moment, this is the story of the willow on a massive scale. Flexibility saves us time and time again when faced with extraordinary transformations in how we work and live.
The numbers appear good. According to a poll, nearly half of all organisations have remote and flexible work alternatives, catering to the 99 percent of employees that consider remote possibilities in their career plans.
Furthermore, flexible work environments enhance productivity by 65 percent while reducing turnover by a fourth. Employees, businesses, and the environment all benefit from flexibility.
Individuals with a sense of balance and agency are more likely to show up and put in the effort. However, this is a process, and some of us will have to work harder to catch up. We must keep in mind that the advantages outweigh the disadvantages. We can weather any storm now that we’ve learned to be flexible.