FLEXIBLE WORKING – Mutually Beneficial
Save staff costs and retain your key staff
Drastic ways of reducing staff costs such as redundancy, short-time working or lay-offs are rarely palletable to the workforce and wage reductions are to say the least difficult to implement without staff agreement and that is a bit like asking turkeys to vote for Christmas.
There is one avenue that should be approached before any of the above are considered and that is to establish if anyone in the workforce would like to voluntarily reduce their weekly hours.
Since I myself asked for a reduction to a 4 day week in my main job, I have been astonished by the number of people I have spoken to who have either done exactly the same or would like to.
How can the employer benefit?
The trick here is that when you agree to the reduced hours you do not actually lose the equivalent amount of effectiveness. In fact I would say that reducing the week (and salary) by a day (20%) only leads to a reduction in effectiveness of 5-10%. How can this be? There are a number of factors at play here and there are 2 key reasons why this happens.
Firstly the staff member will be happier with a better work, life balance and be much fresher on the fourth day than they would have been on the fifth. Secondly, the employee even on a sub-concious level makes sure that the important stuff still gets done and it is the far less important and unnecessary activities that get dropped.
No one is going to be concerned with staff failing to complete unnecessary tasks!