Action Step – Top 10 Takeaways Vital to the Success of Your Flexible Work Initiative
The Alliance’s Action Steps are designed to assist organizations with implementing practical strategies and policies related to diversity and flexibility. Members can access full versions of all of the Alliance’s Action Steps in the Member Resource Center.
Recent news articles have highlighted a few companies that have revoked their flexible work policies citing a loss of teamwork and productivity. It’s likely these flex initiatives failed due to either a lack of planning, analysis, structure, communication, education, and/or tracking. When it comes to developing your organization’s flexible work initiative, there are key components that need to be addressed to ensure its success. Here are our top 10 takeaways to consider when developing your flex policy:
- Understand that Flex is a Real Business Benefit
The foundation of a flexibility initiative must be the business case. Why does flexibility matter to you, and how will it improve your numbers? (Think about recruitment, retention, and the bottom-line.) Even the most change-resistant organizations are realizing there’s a war for talent out there, and they must evolve to keep up. Research shows that non-stigmatized, flexible work strengthens organizations by increasing tenure among employees and leads to stronger client/customer relationships, better recruitment, and greater profitability. Flexibility is not about being nice to your employees or providing an accommodation – it’s a true business imperative.
- Count Your Regrettable Losses
The easiest way to formulate your business case for flexibility is to count your regrettable losses. How many valuable and talented employees have walked out the door because of a lack of flexibility? You can take the organization’s business case further by considering the opportunities the firm has gained because of its flexibility or lost because of its lack of flexibility…