Once again the topic of work-life balance has been in the news. Recently, a federal judge in New York ruled in the Bloomberg discrimination case that, “The law does not mandate work-life balance,” nor does it, “require companies to ignore and stop valuing ultimate dedication, however unhealthy that may be for family life.” So there you have it, businesses don’t have to value work-life balance for their employees. But just because you don’t have to do something, it doesn’t mean you shouldn’t do it anyway.
More people than ever before are finding it difficult to maintain a happy medium in managing their work and personal lives. One answer to this problem has been a steady increase in employers allowing their workers to get tasks done outside of a traditional office space. Whether you know it as telecommuting, teleworking, or workshifting, this practice can have a tremendously positive impact on employee happiness… and your profits.
Profits? Yes, profits!
Among many business owners there is a stigma that working from home is really just code for slacking off, but the data proves otherwise. A workshifting study by Telework Research Network found:
- Workshifting increases productivity by 27 percent.
- Workshifters spend 60 percent of the commuting time they save working for the company.
- 85 percent of employers say workshifting has a moderate to high impact on employee retention.
- Companies with workshifting policies report a 25 percent reduction in employee attrition.
- 72 percent of workers say flexible work arrangements can be a deciding factor when choosing a job.
- The expected turnover rate for workers without flexibility is almost twice the rate of those who do.
Okay, workshifting sounds too good to be true. It must be a financial hassle for businesses, right?
- Workplace flexibility can save employers up to $10,000 per employee per year.
- Workshifters save between $2,000 and $6,800 per year in travel and work-related costs.
- Employee absenteeism is reduced 3.7 days a year at an average cost of $310 per absence.
- Half-time workshifting creates an 18 percent savings in overall company expenses.
- More than 33 percent of workers say they’d choose working from home over a pay raise.
- Half-time workshifting nationwide would be equivalent to removing 10 million cars from the road.
Implement a Workshift Program
Technologies like smartphones, remote desktop applications, and virtual phone systems make workshifting easier than ever. If your employees are among the 40 percent of Americans who could do their job from home at least part of the time, consider workshifting as an option. Done right, a workshifting policy can improve your employee happiness, health and productivity, and help the environment while saving your business some serious cash.
More Cool Workshifting Resources:
The Dollars and Sense of Workshifting (Infographic)
A Recent History of Workshifting
How Workshifting is Changing the Way We Work