There is a well-voiced dilemma between building or buying talent. Yet there is a bigger consideration to add to the debate: flexible workspaces. In the current workforce, the most widely discussed form of flexibility is whether or not employees should work remotely. Interestingly, the statistics speak for themselves: those with a degree or equivalent experience are ten times more likely to engage in hybrid work.
A correlation is emerging, and the motivation to sustain a flexible workspace has never been bigger. Here’s what companies should know.
Evolving Candidate Expectations in the UK Job Market
Candidates are shifting their expectations, and flexibility is a key priority. Since the pandemic, there has been a significant increase in the number of employees working (at least partially) remotely.
This shift has seen a movement towards work-life balance and a prioritisation of employee autonomy. Whether that’s lunch breaks in the comfort of our own kitchens or flexible starts to accommodate school drop-offs, these little moments matter. Workplace strategies need to reflect those desires, or risk losing candidates to companies that do.
Strategic ROI: Cost Efficiency & Agility
The idea of hybrid working is one thing, but the reality is another. As a company, it’s essential to incorporate a sense of cost efficiency and agility, and the best strategy involves rented office spaces. Consider flexible workspace models that allow businesses to manage costs effectively. Nobody wants to allocate 60% of the budget to an office that sits empty for most of the week.
Employee Wellbeing, Productivity & Satisfaction
Everybody wants a productive workforce, and to achieve that, you’ve got to instil job satisfaction. The evidence shows that hybrid and flexible workspaces significantly improve wellbeing. Minimising lengthy commutes results in more autonomy for employees — whether that’s quality time with loved ones, or simply more hours of sleep. It all reduces burnout and keeps talent performing at their best.
Workplace Design: Flex, Co‑working & Activity Zones
There is something inherently appealing about the prospect of flexible office layouts. Perhaps that’s activity-based zones, or maybe it’s hot desks or even a designated coffee area. These environments appeal to younger and talented professionals. Nobody wants a space that feels stuffy and cluttered. Dividing offices helps to create a sense of cohesion and a pleasant working environment.
Diversity, Inclusion & Retention Through Flexibility
Flexibility doesn’t just “keep staff happy.” Investing in these measures helps encourage diversity and inclusion, removing barriers that might otherwise block parents, carers, or neurodiverse individuals from employment. Inclusive workplace goals are important. Additionally, this strategy also benefits retention; it’s challenging to predict how employees’ needs might evolve over time.
It doesn’t take much to see the benefits of flexible workplaces. To attract high-flying talent, companies must establish desirable work environments.