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Employers and workers 'will both benefit from flexibility after the recession' PDF Print E-mail
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Latest Recruitment News - HR and Recruitment Legislation News
Written by DirectNews Feed   
Monday, 13 September 2010 00:00
Employers and workers 'will both benefit from flexibility after the recession' Both employers and employees involved in roles such as finance jobs in London or accountancy jobs elsewhere in the UK would benefit from taking a flexible approach to any necessary cost-cutting in the aftermath of the global economic downturn.

That is according to John Taylor, chief executive of Acas, who has said that the recession has caused more employers in the City of London and across the nation than ever before to start using redundancy packages as their final option to save cash.

And this more innovative approach to the measure of simply firing a worker, the expert stated, will result in both managers and workers receiving added workplace bonuses either immediately or at some point in the future.

"In the long term, those organisations which have dealt with their workforce in a fair, open, transparent kind of way, will reap the rewards in terms of less labour turnover [and] less absenteeism as and when the economy starts to recover," he explained.

Mr Taylor's views are reinforced by the findings of research published earlier this month by the Institute of Leadership & Management and Management Today magazine, which found businesses that have adopted practices such as flexible working and budget cuts throughout the recession are now in a healthier position than their counterparts who opted to close offices and make redundancies.

This study showed that employer-employee trust levels in these firms have increased - which could mean that their productivity is improved due to better communication between bosses and workers - while organisations that took the opposite approach have seen their trust levels decline markedly.

Therefore, it could be said that both the findings of this report and the opinions of the Acas official point to the fact that companies who are prepared to be more forward-thinking and reactive in response to their workers' wishes in their internal policies are more likely to fare better in business terms and expand following the downturn.

As further evidence that flexibility could be vital for employers now that the world's economic system is beginning to get back to normal - a study by PricewaterhouseCoopers (PwC) earlier this year found that flexible working is valued very highly by employees across most sectors.

According to PwC's Managing Tomorrow's People report, some 47 per cent of professionals in the UK feel that this is their most desired workplace advantage.

The practice came ahead of other perks such as financial bonuses and material benefits and was also seen as more achievable than both increased responsibility and higher wages by around 40 per cent of all respondents.

And Mr Taylor confirmed that it is crucial for employers to adapt to this changing landscape in the recruitment and jobs arena in order for them to find and then keep the best possible candidates for any vacant roles they may have.

He concluded that businesses can do this by taking steps such as changing their working hours or shift patterns around as well as giving workers the chance to fulfil their role from a remote environment such as home.

Posted by Daniel Frost
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