New research by global workplace provider Regus shows that the increasing need to improve employee work:life balance is driving up flexible working. But, businesses also have a strong interest in encouraging flexible working as it is seen as a way of creating agile organisations that are better able to cope with rapidly changing market conditions.
According to the research, canvassing the opinions of over 44,000 business people from more than 100 different countries, 61% of respondents report that the need to improve work: life balance is driving the increase in flexible working. Almost half (48%) say the wish to work closer to home is also a key factor.
The survey also highlights that nearly half of businesses are moving towards flexible working in order to become more agile and better placed to respond to market changes. Flexible working in fact allows firms to expand or retract rapidly and without incurring in hefty penalties. Firms using flexible working are also better placed to attract talent from a wider pool, especially if they comply with best-practice employee flexibility standards.