Flexible working options could boost the UK economy by £11.5 billion annually
Offering employees more flexible working options could an impressive 11.5 billion pounds each year to the UK economy, a new study from Citrix and Centre for Economics and Business Research was able to find.
The study found that 96% of the UK knowledge worker population would take advantage of flexible working if made available to them, which could potentially add an extra £11.5bn per year to the UK economy through the more productive use of available working hours, the equivalent of 0.7% of GDP.
In addition, more extensive flexible working practices could save commuters £7.1bn, with a reduction in commuting costs and time spent travelling (which also has a value).
The research also revealed that there is currently a high demand from employees in the UK to work more flexibly. 94% of UK knowledge workers would opt to work from home on average two days per working week, while 60% of part-time working respondents indicated that they would be inclined to work more hours if given the opportunity to work remotely.
With 745,000 part-time workers in the UK who would like to work remotely, this could potentially create an additional £1.6bn in GVA output
Tensor WinTA.NET platform provides extensive support for flexible working
Tensor plc supplies an extensive range of workforce management solutions that cater for all the requirements of the modern workplace, including flexible working.
For example, our top-range WinTA suite features an On-line Self Service module that allows staff to clock IN or OUT, check hours, request leave + other functions via internet, mobile or other communications.
Furthermore, with the Telephone Clocking module, staff can call in from remote locations to clock IN or OUT or review their flexitime balance or remaining holiday entitlement. After entry of their pass code, an automated, spoken menu guides employees to the option they require.
If you’d like to find out more about the range of workforce management and Time and Attendance solutions supplied by Tensor and just how we can help your company implement thorough and reliable flexible working arrangements, just contact us or Book a Demo, our representatives will be more than happy to answer any questions or queries you might have.