can’t afford to give your staff a pay rise? Let them work from home instead
Almost one-quarter of British employees would choose working from home one day a week over receiving a pay rise, according to new research carried out by comparethemarket.com and the University of Sheffield as part of their Institute of Inertia partnership.
The survey results released in advance of National Work From Home Day on 20 May also revealed that half of UK workers are happier working from home than when they are in the office, and over 30 per cent think they are more productive.
Almost two-thirds of those surveyed rated the lack of interruptions as a key reason for this and 64 per cent cited the way working outside the office allowed them to better structure their day as an important benefit.
we have a flexible working policy and so we’ve’seenfirst handthe boost toproductivityand engagement that can come as a result of this approach, said Simon McCulloch, director of insurance at comparethemarket.com.
flexiblework shows that ouremployees are a recognised and trusted part of the business meaninghappier’staff that’staylonger.
Phil Flaxton, chief executive of Work Wise UK, the campaigning organisation behind National Work From Home Day, told Business Advice:?‘such fundamental change towards home working is recognised by increasing numbers of inspired, and more trusting micro business owners.
they recognise that by changing outdated working practices and implementing a Smarter Working strategy, such as home working, provides them with an opportunity to set a road map for real workplace transformation, creating benefits for their employees, themselves as well as contributing to the growth of their business.
Additional research published by Vodafone in February 2016 highlighted the barriers business leaders perceived to adopting flexible working and revealed that 22 per cent thought employees would not work as hard if they werent in the office, with one-quarter were worried those workers left in the office would suffer.
Hannah Wilkinson is a reporter for Business Advice. She studied economics and management at Oxford University and prior to joining Business Advice wrote for Kensington and Chelsea Today about business and economics as well as running a tutoring company.