Could Flexible Work Options Prove More Valuable Than Holiday Allowance?

Could Flexible Work Options Prove More Valuable Than Holiday Allowance?

updated July 9, 2019

While salaries and bonuses used to be the measure of success in the workforce, workplace perks, such as flexibility and location are becoming more important for much of today’s workforce. The most recent IWG Global Workspace Survey found that when faced with two similar employment offers, 80% of employees would turn down the one without flexible working.

In addition, 54% said that the flexibility to choose their own work location was more important than an increased holiday allowance. Similarly, according to research from Powwownow, three-quarters of UK employees said they would be more likely to consider a job with flexible work options, while a third would prioritise it over an increase in pay.

These days, with increasing advancements in technology, it’s possible for most workers to work from any place at any time. Flexible working has been found to improve job satisfaction and talent retention. Additionally, an HSBC survey found that 89% of workers feel that flexible working motivates them to be more productive at work.

Many industries have adopted flexible workplace options as it broadens their access to top talent from around the world while also reducing costs by allowing them to consolidate office space and reduces absenteeism.

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