Flexibility equals increased productivity, survey says
September 15, 2008 by Jared BilskiPosted in: Communication tips, Cost cutters, Efficiency, In this week's e-newsletter, Latest news & views, Management issues
While employees may love the benefits of flexible work schedules, it’s employers who are reaping the real benefits.
Based on a CareerBuilder.com survey, 61% of workers say taking advantage of flexible scheduling has made them more productive.
One of the most common alternate work schedules is flextime, where employees vary the starting and ending time of their workdays. This covers everything from offering staggered hours (7-3, 8-4, etc.) to complete freedom for workers to come and go as they please.
An extreme example: Best Buy’s Results Only Work Environment (ROWE). What is it? Employees work when and where they want with all meetings optional. And it’s not just a crazy idea. Departments at Best Buy using ROWE have seen up to a 35% increase in productivity and up to a 90% drop in turnover, according to HR Magazine.
Regardless what type of flexible schedule a company offers, most keep core hours — hours when everybody must be in the office. Core hours are especially important if you’re working with outside vendors, internal departments or if your staff needs to work together on a regular basis.
Tags: Best Buy, Core Hours, Flextime, Productivity, Scheduling
September 22nd, 2008 at 3:04 pm
I’m glad to see this as I’m a firm believer in being as flexible as possible with employees. I have always believed it would pay off in ways that would positively impact the bottom line because happy, engaged employees truly are more productive! I love a good win-win situation. Kudos to Best Buy for trying something most companies wouldn’t even consider. Hopefully, their results will help others to be a little more open to the possibilities.