New research from Ernst & Young reveals that 8.7 million people in the UK want flexible working, while 82 per cent of managers believe that flexible working benefits their business.
The firm discovered that £8.5 billion could be added to the UK from flexible working, through more productive use of available flexible working hours. The research revealed that two out of three firms say that flexible working helps motivation, commitment and employee relations.
The research points out that growth is always at the top of the agenda for the UK’s leading companies, especially now with the country nearing full employment and occupied office floor space jumping 44 per cent in 2014 in London.
“Commercial property is incredibly expensive in the UK and worldwide rental prices are looking set to continue to increase. However, even though more organisations now encourage flexible and remote working, the average London company of around 1,000 staff could be wasting as much as £3 million per year on excess office space,” said Paul Statham, CEO of Condeco Software.
“The workplace is becoming increasingly fast-paced and complex, so business leaders must ensure they invest in technology that empowers workers with collaborative spaces and allows the freedom for flexible or remote working. With office space standing at a business’ second most costly asset, financial heads are missing a huge opportunity by failing to implement technology into the workspace.
“This technology would not only save millions of pounds, but more importantly it will help them shape an office which reflects the demands of the workforce for a smart, flexible, environment – thus helping companies attract and retain the best talent.”