It cost nothing and it helped more work get done.
At first glance, the financial gain is negligible; it’s simply a benefit we added that did not increase our personnel budget.
But looking deeper there are tangible bottom-line benefits to our flex-time program. For example, our employees report feeling less stressed, simply because — for some — we reduced or eliminated a grueling commute. According to Psychology Today, commuting can have a significant detrimental impact on people ;()
Fouad Bendris’s insight:
In today’s increasingly competitive hiring market, organizations need to think differently about how to attract new employees and retain existing ones. Unfortunately, many of the obvious solutions require a financial investment: increasing salaries, bonuses, medical benefits, or vacation days. And if your “competitive advantage” in hiring simply boils down to throwing money at the problem, your hires are quite possibly going to jump ship when a higher offer or benefits package is put in front of them.
Source:: Strategy & Governance