Workplace Tips

Flexible working currently contributes £37bn to the UK economy – Workplace Insight


economyNew analysis, ‘Flexonomics: The economic and fiscal logic of flexible working’, highlights the financial advantages of versatile working to the UK economic system. Flexonomics builds on our long-standing help of the Flex Enchantment marketing campaign by Anna Whitehouse, aka Mom Pukka, and follows the publication of our “Eternally Flex: Making versatile working work past a disaster” report, printed final 12 months.

The goal of Flexonomics report is to showcase the advantages of versatile working to the UK economic system, along with figuring out the challenges and alternatives it presents. The report gives reasonable coverage suggestions to help elevated ranges of versatile working.

 

Key findings

Flex is extra than simply homeworking: The report highlights the important thing distinction between compelled homeworking and versatile working, which it defines as any approach of working that fits an worker’s wants, and might be cut up into 4 segments:

• Working patterns: this will encompass something from part-time working by means of to annualised hours, flexitime, compressed hours or self-rostering.
• Workload: this consists of lowered hours, job sharing, zero-hour contracts, section retirement and commissioned outcomes.
• Office: providing workers the selection to work from the workplace, at residence or each (‘hybrid’ working).
• Life occasions: broadly consisting of profession breaks or shared parental go away.

Flexibility for all: In recognising that versatile working is greater than homeworking, the report highlights how even the historically ‘hard-to-flex sectors’ can embrace flexibility. Development employees, for instance, can benefit from self-rostering while these working in healthcare can swap mutually agreed predictable hours.

Regional risk: With an expanded understanding of versatile working, the regional workforce has higher entry to a spread of jobs throughout the nation, in step with the Authorities’s Levelling Up scheme.

Forward of the publication of the Authorities’s session into versatile working, the report additionally made a variety of suggestions for delivering higher flex:

Guarantee readability on choices in adverts: Although the Government is consulting on proposals for a ‘day one proper to request flexibility’, this nonetheless requires new recruits to both know if such choices can be found and to have the arrogance to ask. If all individuals who may apply are knowledgeable prematurely, it widens the pool of potential workers for the promoting enterprise

Enhance information assortment: Because it stands, restricted information is collected on versatile working. Growing the info collected by the Workplace for Nationwide Statistics would assist construct a stronger proof base and understanding of the advantages of all kinds versatile working

Authorities to steer by instance: The federal government ought to take into account going additional in speaking to companies the advantages of versatile working, doubtlessly adopting the working association because the default for the civil service and authorities departments or publishing an inventory of versatile working employers.

Paul Hamer, Chief Government of Sir Robert McAlpine, feedback: “We’ve got been supporting Flex Enchantment as a result of we consider that everybody has the proper to a more healthy work life steadiness and versatile working may assist us alleviate the psychological well being disaster in building.

The misunderstanding that versatile working is barely relevant to a choose few sectors wants to vary. Versatile working can confer with working patterns, workload or time spent within the office, and this report, one of many first of its sort, demonstrates the obvious profit to the UK economic system if adopted extra broadly. We hope it helps the Authorities in encouraging all method of sectors to interact with the chances of versatile working.”

“The misunderstanding that versatile working is barely relevant to a choose few sectors wants to vary”

Anna Whitehouse, Founder Mom Pukka and Flex Enchantment, feedback: “Versatile working has by no means been about location, it’s at all times been about inclusion. It’s about together with expertise. Expertise with caring tasks, expertise dwelling with disabilities. Individuals who need to work in a human – and even humane – approach that’s finally good for enterprise. For the final six years, Flex Enchantment has been lobbying the federal government, campaigning on the streets of London, Manchester, Cardiff, Bristol and Edinburgh. And now we are able to show that it’s good for enterprise. That there’s a direct hyperlink between flexibility and profitability. That an uptake in versatile working will enhance the UK economic system, too. If we wish to ‘Construct Again Higher’, now could be the time for companies to make use of versatile working as the inspiration.”

In September, we welcomed the Authorities’s session on versatile working, which we see as a step in the proper route for the UK workforce and companies alike. We hope this briefing will present additional insights and proof for Parliamentarians to make use of of their campaigning on the difficulty of versatile working.



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