Featured Topics
Retirement Industry
Magazine Archive
Where Do you Go for Financial Advice?
Eighty-eight percent of U.S. employers provide some sort of flexible work arrangement to their employers, up from 77% in 1998, according to a Hewitt announcement. Of the companies who offer flexible work arrangements, almost all (98%) said the benefits of workforce programs match or outweigh the costs associated with implementing them. Two-thirds of survey respondents that offer flexible work arrangements said the programs increased employee engagement, and 64% said they improved employee retention. Another 49% cited enhanced recruitment results. However, Hewitt found very few employers have formal policies and consistent procedures in place to manage their workforce programs. Just more than one quarter (27%) indicated they have companywide, formal written policies, only one-third have a formal employee application process. According to the survey, 39% of companies have policies or guidelines that vary by location, business unit, department, or job class, and 31% offer flexibility at the discretion of individual managers. Programs offered also vary by type of arrangement: the majority of companies offer programs on an ad hoc basis, with job sharing (46%), telecommuting (39%), and flextime (31%) being the most prevalent. Part-time work is the most likely program to be offered on a company-wide basis (36%).
Eighty-eight percent of U.S. employers provide some sort of flexible work arrangement to their employers, up from 77% in 1998, according to a Hewitt announcement. Of the companies who offer flexible work arrangements, almost all (98%) said the benefits of workforce programs match or outweigh the costs associated with implementing them.
Two-thirds of survey respondents that offer flexible work arrangements said the programs increased employee engagement, and 64% said they improved employee retention. Another 49% cited enhanced recruitment results.
However, Hewitt found very few employers have formal policies and consistent procedures in place to manage their workforce programs. Just more than one quarter (27%) indicated they have companywide, formal written policies, only one-third have a formal employee application process.
According to the survey, 39% of companies have policies or guidelines that vary by location, business unit, department, or job class, and 31% offer flexibility at the discretion of individual managers. Programs offered also vary by type of arrangement: the majority of companies offer programs on an ad hoc basis, with job sharing (46%), telecommuting (39%), and flextime (31%) being the most prevalent. Part-time work is the most likely program to be offered on a company-wide basis (36%).
Copyright ©1989-2010 Asset International, Inc. All Rights Reserved. No Reproduction without Prior Authorization