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Benefits of FWAs

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  • Benefits of FWAs

    Flexible Work Arrangement (FWA) creates a win-win scenario for both employers and employees. The benefits include:

    Increase in efficiency and productivity

    FWA gives employees time to attend to personal matters. This can boost their productivity as they are able to schedule their work accordingly. In addition, companies with FWA are able to respond to customer demands and needs to maintain an edge amidst the increasingly competitive and rapidly changing global workplace.

    Increase in talent pool selection and talent retention

    As the local labour market tightens and the skilled labour pool shrinks, employers have had to look at other segments of the labour force, older workers being one of them. Through FWA, your organisation has been given a boost in its efforts to attract, retain and re-employ talents of all ages. You now have access to a wider pool of seasoned workers who may not be available for traditional 9-5 work days.

    Cost savings

    Flexible work strategies can help your company lower costs related to productivity losses caused by absenteeism and lateness. In addition, organisations are able to provide longer operating hours to meet customer demands while still meeting their employees’ needs. For instance, during a recession, you can consider offering part-time work options to employees instead of letting them go. This not only improves staff morale but also productivity.

    Greater employee morale and decrease in attrition rate

    Employees love flexible work arrangements. FWA give employees greater control and ownership over their work as they achieve greater work-life balance and a higher quality of life. Satisfied and happy employees are more productive. This way, employers too, benefit from higher staff morale, lower absenteeism, and better ability to attract quality workers.
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