New findings suggest that UK businesses without a flexible workspace policy risk losing out on top talent. That’s according to research conducted by IWG, which shows that 80% of those in the UK would choose a job which offered flexible working over a job that didn’t.
And it seems many would prefer this benefit over other popular perks, as almost a third (28%) said they value being able to choose their work location over an increase in holiday allowance
“Last year our Global Workspace Survey talked about reaching a tipping point, but what we are seeing now is that flexible working is considered by many to be the new norm for any business that is serious about productivity, agility and winning the war for top talent,” said Mark Dixon, CEO and founder of IWG.
“Indeed, half of all our respondents claim to work outside their main office location for at least half of the week.”
Half (50%) of those surveyed state that they now work outside their company’s main location for at least half the working week or more, and for 70% of people, a choice of work environment is a key factor when evaluating new career opportunities.
However, not all businesses have been able to embrace the concept. 58% of those surveyed say that changing the organisational culture is the main barrier to implementing a flexible workspace policy, particularly within businesses that have a long-standing, non-flexible working approach. Over a third (43%) say that fear of how flexible working may impact the overall company culture is the biggest obstacle.
“Businesses around the world are facing multiple challenges including ensuring that their business is agile enough to adapt to change,” added Dixon.
“Our research shows that businesses that haven’t already considered the financial and strategic benefits of flexible workspace need to do so now. Otherwise, they face being seen as out of touch, both with their competitors and with the demands of the modern workforce on what constitutes a great day at work, which means losing out on the best talent.”