The 9-5 workday was created by American labor unions in the 1800s. It was made popular in the 1920s by Henry Ford, who wanted to attract auto workers used to 12-hour shifts. Because today’s employees are accustomed to working 8-hour days, many still accept the setup. However, every aspect of working life has changed in the past century. With an increasing emphasis on organizing lives for greater work-life balance, it is time to replace a set workday with flexible hours.
Here are three reasons to modify your company’s work week with flexible hours.
Desire for Flexibility
Millennials, who make up the largest percentage of the workforce, want jobs that provide flexibility. Because work-life balance is a priority, they prefer the ability to set their own hours and work remotely more than have steady work or the highest possible pay. Allowing staff to take care of personal responsibilities while finishing their work tasks provides an increased sense of control over their lives. Employers who offer flextime typically have higher performance, increased job satisfaction, and lower turnover than employers who do not. This results in greater customer satisfaction and higher revenue.
Working at Peak Hours
Companies have automated most of the rote elements of work that used to comprise the 9- 5 workday. Because calculations, factory work, and typing jobs that were common in the 20th century have been automated, employees have more time for problem-solving activities. Although drowsy workers still could accurately put together parts on an assembly line, distracted workers in the creative sector cannot solve problems very well. They need to use their individual mental energy rhythms to find creative solutions. As a result, employees should be allowed to work when they are at peak performance. Whether early in the morning or late at night, staff should have wide parameters with minimal rules to complete their work in.
Research performed by businesses, industry associations, and academic institutions shows that average workers do not get more done in a 10-hour day than an 8-hour day. In fact, every hour worked beyond 40 per week reduces productivity and output both short- and long-term. As a result, productivity should be measured by the quality of output rather than hours put in.
Add Flexible Staff
Providing a flexible schedule for staff means changing your work culture. Allowing for increased work-life balance attracts and retains top-performing workers who remain engaged and productive throughout the day. Your company benefits from increased retention, customer service, and profits.
When your accounting & finance team needs to add members, get in touch with Casey Accounting & Finance Resources. As a recipient of the Best of Staffing Client Satisfaction award every year from 2016 to 2020, our team can provide you with the highest caliber of professionals in the field. Learn more today.