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Flexible working – British businesses yet to face up to the impact

flexible working - british businesses yet to face up to the impact

Recent changes in flexible working legislation has placed new and innovative ways of working under the spotlight.

With the impact on the workplace of Generation Y, the coming of age of Generation Z and the new millennials, how can businesses now leverage these changes to attract and retain outstanding talent of the future?

The results of our research 

The latest research undertaken by Hudson identifies that British businesses have recognised and welcomed the benefits of flexible working in attracting and retaining talent. Over half of those surveyed in our poll said that the changes would lead to an increase in job satisfaction, lower sickness levels and encourage a more diverse workforce.

Encouragingly, 66% of those surveyed claimed that the changes to flexible working practices would support them in attracting top talent and 78% stating it would support them with their retention strategy. 

However, as yet, many HRDs and senior management teams have yet to face the issues managing a flexible workforce will bring. Our survey revealed that flexible working will place more pressure on line managers to manage effectively and over half of respondents had yet to brief, communicate the benefits of or give consideration as to how this would affect their workforce planning.  

What you need to do

We’re urging businesses to develop a robust approach now as the ‘war for talent’ takes hold. By 2025, Gen Y will make up 75% of the global workforce, and the entrepreneurial mindset of this group will undoubtedly change the future of the workplace.

The emergence of Gen Z, valuing freedom, diversity and their belief to utilise talent wherever they are, is an opportunity for forward thinking organisations to take advantage of flexible working to attract and retain top talent.

Hudson is currently conducting a survey around flexible working. Please take 5 minutes to complete our on-line survey and we will share the results with you in the coming weeks 

Complete the survey

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To further develop your future leadership talent, download our latest research from our Talent Management team,
Emerging leaders; Differences that matter

 
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