If there's one thing that the COVID-19 pandemic has taught us, it's that remote work and flexible working arrangements are not only possible, but it is what employees today want. Flexible working policies can also be highly beneficial for businesses. For startups, in particular, a flexible working policy can be a game-changer, helping to attract and retain top talent, improve productivity, and reduce costs.
According to a report by NASSCOM, the Indian IT industry is expected to see 50-60% of its employees working from home even after the pandemic. The report also noted that remote work has resulted in cost savings for companies and increased productivity for employees. Additionally, a study by Buffer, State of Remote Work report, surveyed 2,118 people hailing from 16 different countries and showed that 97% of employees overwhelmingly recommend remote work.
So, while specific statistics on remote work and flexible working arrangements in India may vary, it's clear that there is a growing trend towards remote work and that it can have significant benefits for both employees and employers.
By implementing a flexible working policy, startups can not only keep up with this growing trend but also reap the benefits of a more engaged, motivated, and productive workforce.
So, what is a flexible work policy?
A flexible working policy is a set of guidelines and procedures that allow employees to work in a way that best suits their needs and preferences, while also meeting the requirements of the employer.
It enables employees to have more control over their work schedule and location, and it can include a variety of arrangements, such as remote work, flexible hours, compressed workweeks, job sharing, or a combination of these.
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Remote work refers to the ability of employees to work from a location other than the company's physical office. This can include working from home, a co-working space, or a coffee shop.
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Flexible hours allow employees to choose when they start and end their workday, as long as they meet the required number of hours each week.
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Compressed workweeks enable employees to work longer hours over fewer days. For example, an employee may work four ten-hour days instead of five eight-hour days.
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Job sharing is a form of part-time work where two employees share one job.
Benefits of a flexible work policy
Startups should consider implementing a flexible working policy because it can offer several benefits.
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It can increase employee retention by providing a better work-life balance, which can improve job satisfaction and reduce burnout.
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It can help to attract and retain a more diverse workforce by accommodating the needs of employees who may have caregiving responsibilities or other commitments that make traditional work arrangements difficult.
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It can increase productivity and reduce costs by reducing the time and expense of commuting and improving work-life balance.
How to implement a flexible working policy
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Assess the needs of your team: Before implementing a flexible working policy, it is important to understand the needs and preferences of your team. You may consider surveying employees to determine what types of flexible arrangements they are interested in and what obstacles they may face when it comes to remote work or flexible hours.
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Establish clear policies and guidelines: Once you have assessed the needs of your team, establish clear policies and guidelines for remote work and other flexible arrangements. This should include details on how to request flexible arrangements, how to report progress and performance, and how to ensure that the team remains productive and connected.
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Set expectations around communication and collaboration: To ensure that all team members are on the same page, it is important to set expectations around communication and collaboration. This may include discussing modes of communication for different things, guidelines for video conferencing, messaging, and email, as well as expectations for team members to respond promptly to requests or inquiries.
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Invest in technology and tools: Remote work and flexible arrangements require technology and tools that facilitate collaboration and productivity. This may include video conferencing software, cloud-based file storage, and project management tools that enable team members to work together seamlessly.
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Monitor and evaluate the success of the policy: Finally, it is important to monitor and evaluate the success of your flexible working policy over time. This will help you identify areas for improvement, measure the impact on employee satisfaction and retention, and adjust policies and guidelines as necessary to ensure that the policy is meeting the needs of your team and benefitting your organization at large.
Best practices for successful implementation
To successfully implement a flexible working policy, consider the following tips and best practices:
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Communicate the benefits: Clearly communicate the benefits of flexible working to your team, such as improved work-life balance, increased productivity, and reduced commuting time and expenses. Encourage employees to participate and make sure they understand the policies and guidelines.
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Provide resources and support: Ensure that all team members have access to the resources and support they need to work remotely or on flexible schedules. This may include providing the necessary technology, offering training and development opportunities, and offering guidance and support to help employees stay productive and engaged.
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Create a culture of trust and accountability: Creating a culture of trust and accountability is essential for a successful flexible working policy. This means establishing clear expectations and goals, fostering an environment where team members feel comfortable sharing their progress and challenges, and providing regular feedback and recognition to promote a sense of accountability.
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Facilitate collaboration: Even if your team members primarily work remotely, it is important to provide opportunities for them to connect and collaborate in person. This may include periodic team meetings, social events, or off-site retreats that promote team-building and engagement.
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Regularly review and update the policy: To ensure that your flexible working policy continues to meet the needs of your team and your business, it is important to regularly review and update it. This may involve soliciting feedback from employees, monitoring the policy's impact on productivity and retention, and adjusting the policy as necessary to address any issues that arise.
Conclusion
A flexible working policy can offer many benefits for startups, including increased employee retention, improved productivity, and a more diverse workforce. To implement a flexible working policy successfully, startups should assess the needs of their team, establish clear policies and guidelines, invest in technology and tools, monitor and evaluate the policy over time, and follow best practices for success.
Additionally, to enhance the diversity and experience of your teams, startups could consider hiring flexible remote workers through an untapped large pool of experienced and qualified candidates, like women returning to work after a career break.
FlexiBees has a large pool of 50K+ experienced and qualified women. We have a deep vetting process that matches the right candidate to your exact business needs. We will do all the grunt work for you and provide you with only the best three screened candidates for interviewing. This can help you save time and energy, and you are likely to find a suitable candidate easily.
Click here to read some of the candidates we successfully placed in the recent past.
And if you are convinced and want to explore the option of hiring flexible candidates via FlexiBees, click here to drop us a line.