How do you see

FWAs

affecting a company’s

bottom line?

Question 3

What defines a bottom line?

• Return of Investment (ROI)• Productivity• Employee engagement

Employers that offer flexibility

34%

Part time employment

71%

Flexible working hours

2%

Phased retirement

13%

Career breaks

15%

Job sharing

11%

Flexible leave

49% telecommuting

http://www.hays.com.my/press-releases/HAYS_118017

For employers…

• Able to attract and retain talented employees who want or need to access flexible work arrangements.– Staff engagement.

• Remove the excuse of non-delivery.– travelling time, transportation and social/home life commitment

• Building a “give-take” company culture that values the different needs of its employees. 

http://www.hays.com.my/press-releases/HAYS_118017http://www.businesscircle.com.my/benefits-flexi-work-arrangements/

• Managing a workforce that works at different time takes greater effort.

• Benefits to the bottom line achieved through less staff turnover and time wasted at work.

•Arrange meetings

•Manage performance fairly across full-time and part-time employees

•Providing access to development and promotion opportunities

•Building the company’s culture when not all employees work together all the time.  

http://www.hays.com.my/press-releases/HAYS_118017

Challenges?

For employees…

• Staffs feel more responsible towards completing their work and meeting their KPIs

• Being able to have work-life balance leads to happier employees.

• They’ll also be more productive – spend less time caught in traffic and more

on their tasks

What the statistics say…

Microsoft Canada's Flexible Workspaces survey (which polled

1,249 Canadian bosses and workers)

• 44% - fewer distractions at home.

• 35% - more productive.

• 35% - better work-life balance.

German research (study of 57,000 people)

• Checking work email at home or taking a call from the boss at weekends can damage health

• those who worked in the evenings and at weekends were more likely to complain of insomnia, headaches, fatigue, anxiety and stomach problems

• Muscular problems and cardiovascular issues

Regus’s survey (more than 20,000 senior executives

and business owners across 95 countries )

• 76% confirmed that flexible work hours also improves staff retention.

• 79% of Malaysian employees will choose the job that offers FWA.

• 28% of employers said they had implemented flexible working hours.

http://www.businessnewsdaily.com/2275-work-home-survey.htmlhttp://www.dailymail.co.uk/health/article-2766714/Checking-work-email-home-cause-heart-problems-anxiety-headaches-warn-experts.html#ixzz3F5cOcEj9 

How does Malaysia government help?

• The tax deductions announced during Budget 2014 – Encourage businesses to include female talent through the implementation of

flexible work arrangements

• More support facilities such as childcare centre should be established to assist women who were looking to rejoin the work force– the employers are resisting it because it is very expensive to do so.

• “Business could apply for a double tax deduction for both consultancy and training cost up to a maximum of RM500,000”, said Talent Corp.

http://www.thestar.com.my/Business/Business-News/2013/11/29/FWA-gains-ground-Tax-relief-attracts-firms-to-adopt-flexible-work-arrangement/

2013

2014

2015*

46 48 50 52 54 56

Female Participation in Malaysia work-

force

Per-centage (%)

As long as…

• Technology are widely available that allows remote to access instructions, communications and reporting.

• A degree of trust needed to be established between the employer and employee first before such arrangements were put into place or offered.

• The staff needs to show more promptness, responsibility and common sense in balancing their work/life ratio.

• Companies clearly define how flexi hours are going to work and their expectations.

References

• David, M. (2012, March 29). Everyone Wants to Work from Home...So Why Aren't They? Business News Daily. Retrieved from http://www.businessnewsdaily.com/2275-work-home-survey.html

• BEN , S. (2014, 23 September ). Checking work email home cause heart problems. Daily Mail. Retrieved from http://www.dailymail.co.uk/health/article-2766714/Checking-work-email-home-cause-heart-problems-anxiety-headaches-warn-experts.html#ixzz3F5cOcEj9 

• Pros and cons of FWAs. (2014, October 1). Retrieved from http://www.hays.com.my/press-releases/HAYS_118017

• Wong, W. S. (2013, November 29). Tax relief attracts firms to adopt flexible work arrangement. The Star Newspaper. Retrieved from http://www.thestar.com.my/Business/Business-News/2013/11/29/FWA-gains-ground-Tax-relief-attracts-firms-to-adopt-flexible-work-arrangement/

• Sharmila, G. (2014, 5 March). Benefits of flexi work arrangements. The Business Circle. Retrieved from http://www.businesscircle.com.my/benefits-flexi-work-arrangements/

• O2ukbusiness. (Producer). (2012, October 2). Flexible working - what it means for your business. Retrieved from http://www.youtube.com/watch?v=faVk912qxIA