While salaries and bonuses used to be the measure of success in the workforce, now technology has molded workplace perks, such as flexibility and location, to serve as bragging rights.
Today’s workforce is digitally-motivated and expect flexibility and accessibility when performing tasks. According to research from Workplace Insight, only six in 10 millennials see salary as one of the top three priorities when looking for a job.
Three-quarters of UK employees said they would be more likely to consider a job with flexible work options, while a third would prioritize it over an increase in pay according to research from Powwownow.
Now more than ever, job candidates get more of a say in their employment rather than doing someone else’s bidding.
While adopting flexibility can improve employee attraction and retention, it also has numerous other benefits. For one, an HSBC survey found that 89% of workers feel that flexible working motivates them to be more productive at work.
Not only is it good for workplace productivity, it reduces costs for organizations by allowing them to consolidate office space and reduces absenteeism.