21st February 2016
Future of work is flexi time & work from home
A close look at the rapidly changing lifestyles around the globe work from home and flexi timing is where the future of work is going to be. In the good old days the luxury of working with flexi time freedom belonged only to the writers, artists and the creatively inclined but now it is increasingly becoming a necessity due to economic and social reasons. People are yearning for better work life balance. And what is more is that all recent studies indicate a higher productivity from those who work on flexi timing. This is therefore a win win situation from an economic view point too.
The concept of 9 to 5 work schedule at office is bound to undergo a transformation in the new age. A lot of studies show that for many workers office is a negative space they have to go to and that weekends are fabulous as they can be at home. Giving the employees a chance to choose flexi timing as long as their job profile allows can go a long way in allowing the work force to work with a more positive bend of mind.
The mind-set of the employers is also changing due to the cost saving factor and the environmental implications of a portion of the work force working from home and coming to office on need basis only. Many employees are willing to work on a lower salary if the job allows flexi time options. For young mothers, a lot of time, the choice is between the baby care and losing the job and they usually leave the job to take care of the baby. Losing competent work force members due to lack of flexi time policies eventually proves very costly for an organization. Many organizations have already realized the benefits in terms of social, economic and environmental factors and have successfully implemented flexi time policies.
This is a trend which is bound to firm up in the near future. In one of the latest studies Stanford University team found that the average saving per employee was $ 1900 over a period of 9 months due to reduced needs for office space and lower rate of attrition. In another study in Ireland flexi time policies resulted in a net saving of 9.33 Kilowatt of energy on a per day basis. We can well imagine its implications for a country like India struggling with huge energy issues and high cost of office spaces.
Not many organizations, especially in the developing countries, canafford to give large office spaces and a very healthy work environment. The fact is that the work spaces are getting smaller and smaller for most. This too is an important factor for having a flexi time policy. Many companies have already started the concept of co sharing the same work area in shifts by giving flexi time schedules. These companies have policies under which the workers are required to come to office for a fixed number of times to maintain accountability. As a result the work space capacity gets expanded without having to buy or lease costly office spaces.
While having a conversation with the unit director of a large hospitals chain, I discovered that flexi time option has increased with hospitals preferring to have doctors on flexi time basis for OPD appointments due to modern technology allowing for online confirmation of appointments. This is allowing the doctors to see more patients and the patients do not have to crowd the OPD of the hospitals. This works very efficiently for nurses and physiotherapists who work from home and provide post care at the residence of the patients.
An online healthcare company CEO recently told me that their service cell is managed from home by a large number of well-trained female employees who had to leave their full time job when they had a baby.
Director, Contents, of a large online media company confided in me that their biggest strength is a team of online contributors who contribute content from their homes. There is no way his company could have hired such talented professionals on a full time basis plus the cost of giving them appropriate infrastructural support across India would not have been financially viable.
This future of work from home with flexi timing is here and this is just the beginning.
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
Talent Wants Flexibility at Work: Can the Board Rooms Ignore it?
Based on a conversation with Sandeep Kohli, National Director- Human Resources, Ernst & Young (EY). Sandeep is leading the talent function for EY covering more than 14,000 ...Read more>
The HR Leaders Are Ready with a Business Case for Flexi Work
Anjana, Ikbal, Rajaram, Ankit, Prajakta, Sunil, Anshula, Iitesh, Swapnil & Kiran, ten of the best minds from the Mumbai HR Community, met for a dialogue on ‘Flexibility at the Wor...Read more>
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>
Campuses are preferring jobs with a better work life balance
Gen Z is increasingly opting for companies that offer a better work life balance. A good compensation package alone is no longer the only point of attraction. The excitement among the student...Read more>