12th July 2016
Flexi work culture is trending across the globe
Global Workplace Analytichas found that businesses can have a saving of almost $ 11000 per employee per annum even if only 50% employees were given the privilege of flexi time working. What is more is that the employees too will save on transportation with a lot of time available for creating a good work life balance. Businesses across the globe have begun to recognize the benefits which have helped the flexi work trending across the globe. India is one of the hot destinations for this trend and the HR leaders from diverse domains are already practicing and recommending it.
In the Generations Go survey, conducted by EY, covering nearly 10,000 people across the globe, it was found that flexibility and ambition go hand in hand - 75% of millennials (men and women) want the ability to work flexibly without stigma and still be on track for promotion. Ernst & Young allows telecommuting & part time working by reducing the office work hours to 4 per day. This allows a lot of time for attending to home related responsibilities while still being able to complete the job with freedom to choose own work time and day slots. “If the talent wants flexi timing, how long can the employers ignore it?” Said Sandip Kohli, National Director- Human Resources, Ernst & Young (EY) in one of the latest interviews with MyKindOfJob.com.
Similarly in another interview, DP Singh, Vice President & HR Head- India/SA at IBM shared that “IBM is committed to creating a supportive, flexible work environment that gives employees flexibility and control over their work as long as business objectives are achieved as established by their immediate manager. We offer a range of flexible work options – work-at-home, telecommuting, leave of absence, part time working, etc. to enable employees to meet their personal needs.”
In several sessions conducted by the MyKindOfJob.com team, similar thoughts were expressed by HR leaders across the country. MyKindOfJob.com already has over 70000 registered candidates who are keen on flexi time jobs. This is indicative of the huge preference among the employees for companies offering flexi work options.
According to recent press reports, The State Bank of India is planning to give an option to work from home to retain the women staff. Chanda Kochar, MD & CEO of ICICI Bank had similarly launched ‘iWork@home’ for women employees. This programme at ICICI allows the women employees to work from home with an extension option of up to 2 years. The trend is certainly catching on across the domains in India.
Flexi work policies are bringing a lot of talent back to the work place by allowing people to work after retirement. This is benefiting the employers as they can tap into a huge talent pool at low costs. At the same time, the retired can use their years of knowledge and skills in a gainful manner. So it’s a win win situation for both. StartUps are able to attract a lot of good talent from the campuses at low costs as the new generation has put work life balance in its top list of priorities. Campuses are preferring jobs with a better work life balance. Please refer to one of the most trending articles on LinkedIn based on a recent study by MyKindOfJob.com in several campuses at Pune:
This article has been featured by LinkedIn due to a huge response from the students community as well as the HR Community. For more articles on Flexi Job Trends in India please visit the articles section at: https://www.mykindofjob.com/archive
The boring cubicles and fixed time slots are getting phased out and will be soon replaced by a far more dynamic and vibrant work culture where employees will be working with a blend of electronic and personal touch. Anywhere anytime work culture does not mean lack of team work, instead the flexi workers are expected to be far more responsive to the needs of their team members and the organization.
“If managed well, flexi time is a great tool for better engagement and retention. For the WFH option, it is critical to design activities and processes that will make it necessary for the employees to come to office for a while, at regular intervals, to meet their colleagues and peers so that the flexi work employees do not feel isolated and out of sync with the company culture and values. Managing this part requires smart designing of people practices and an empathetic execution”, according to Shampi, Founder P- Quotient
Founder of Fortune Architect
Managing Director- Asia Pacific & EMEA Markets with Saviour US INC
Respected HR Leader
CHRO, LANCO INFRATECH LIMITED
Executive Director-HR & Admin, Experion Developers
Managing Director, UK Fostering, Founder, UKINDO International & CharityWorld.com
Promoter & Director, Rockland Hospitals Network, Delhi
Vice President & HR Head- India/SA at IBM HR Consultant
Founder and a principal consultant with People Talent International
Mr Chauhan has held leadership roles in HR at leading multinational companies
COO & Co-founder of Round Ark Limited, Gurgaon
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Flexi work culture is trending across the globe
Global Workplace Analytichas found that businesses can have a saving of almost $ 11000 per employee per annum even if only 50% employees were given the privilege of flexi time workingRead more>