Flexible Working Appeals to Midlands Businesses
Midlands businesses value flexible working over other perks
Managing TomorrowΓÇÖs People is a study that researched 1,167 professionals in the Midlands and across the UK. The outcome shows that 47% of recipients value flexible working arrangements over other perks such as performance-related bonuses, which came in second with 19%.
Third on the list was a good company pension plan, which was chosen as the most important feature by 15% of respondents.
Other benefits that were less popular included paid time off to do social or humanitarian work (7%), exposure to advanced networking or social activities, and paid training (both at 6%).
The majority of respondents rated flexible working as their most important benefit, which shows that a significant number of working people are keen to gain a good work-life balance.
The result was split fairly evenly across genders, with 41% of men and 54% of women rating this as their most important perk.
Interestingly, more people picture themselves working in a virtual place or ‘virtual office’ rather than office blocks in city centres. This usually ties into flexible working as employees are often able to work from home or other remote locations.
Commenting on the findings, Robbie Wigley-Jones, partner and employee benefits expert at PwC in the Midlands, said:
“Two years of recession have changed people’s attitude towards work. With companies mindful of taking on new employees, existing staff have been expected to do more with less.
“Our survey indicates that employees may be feeling the pressure,” he added, according to TheBusinessDesk, “with large numbers hoping for a better work-life balance in the future, and half saying they would rather work for themselves.”
He said that with bonuses being unpredictable in uncertain economic conditions, employees in the Midlands were clearly looking for broader benefits.
“Companies that can adapt to the UKΓÇÖs growing flexible working culture will be best placed to sustain morale and retain top talent when the job market becomes more buoyant,” he added.