A recent study reveals a shift in flexible working policies.
- Two-fifths of firms plan to cut back on flexible work options.
- Approximately 588,000 UK businesses might reduce workplace flexibility.
- A conflict arises between employee desires and employer strategies.
- Flexible working remains crucial for talent retention.
A recent study conducted by the independent consultancy Barnett Waddingham has illuminated a significant shift in the landscape of workplace flexibility. It reveals that nearly two-fifths of employers are preparing to reduce the flexibility options available to their employees in 2024. This change could potentially affect up to 588,000 businesses in the UK, marking a considerable move away from current flexible working trends.
Currently, approximately three-fifths of employees benefit from flexible working arrangements, highlighting a prevailing expectation for flexible work environments among the workforce. However, in contrast to this trend, a notable proportion of employers—around 17%—intend to restrict flexibility concerning work locations, which encompasses the choice between working from home or the office. Additionally, 15% of businesses plan to reduce flexibility regarding working hours. This reduction in flexibility appears to be contrary to the growing demand for it, as evidenced by around 4 million individuals who have already transitioned careers due to a lack of flexibility.
There exists a distinct tension between the aspirations of employees for more flexible working conditions and the emerging strategies of certain employers who are retracting these opportunities. Despite this, a substantial number of businesses still acknowledge the value of maintaining flexibility in meeting employee expectations. This is underscored by the data indicating that approximately 31% of employers have increased flexibility for their staff over the past year. Of those, a significant portion—33%—did so out of concern that inflexibility would lead to higher staff turnover.
Julia Turney, Partner, Platform and Benefits at Barnett Waddingham, summarises the situation by emphasising that employers are navigating a complex environment where the traditional benefits of office work, such as enhanced productivity and creativity, must be balanced against the shifting expectations of the workforce. She states, “For most employees, flexibility is no longer seen as a ‘perk’, but a fundamental consideration for their career.” Employers are urged to engage in informed and rigorous decision-making, supported by data, to align their policies with the evolving demands of their employees.
Employers must carefully consider their flexible working strategies to ensure alignment with employee expectations and maintain workforce satisfaction.
