BRITAIN’S whole economy could receive a strong boost from rising productivity if firms and workers agree more flexible working hours, according to a study out today from Vodafone and the Royal Society for the Encouragement of Arts, Manufactures and Commerce (RSA).
Allowing more flexible working would make employment fit better with workers’ circumstances, for example cutting time spent commuting at peak hours.
The report estimates that could let the average worker give five hours more per week to the job. Across the 13 per cent of workers who want more flexible hours, that would amount to an £8.1bn gain for the economy – worth around 0.5 per cent of GDP.
“Flexible working isn’t just working from home and these findings reveal that, with an optimised approach, businesses can overcome any downsides and greatly increase efficiency and productivity, as well as boost their bottom line,” said Vodafone’s Jeroen Hoencamp.
“In the global race for growth, organisations should embrace better ways of working consciously as a strategy for success as opposed to ignoring them.”