By Rob Balfour, VP Enterprise Sales, AllWork
What’s driving the movement for workforce flexibility? Millennials. According to a new study by Bentley University, 77% of Millennials say that flexible work hours would make the workplace more productive for people their age. The Millennial generation is made up of people born between 1981 and 1996 meaning that there are roughly 73 Million Millennials in the US workforce today.
It is extremely important to understand this generation as it makes up more than 30% of the entire workforce in The United States, making them the largest shareholder of the American workforce. Millennials have the biggest influence on the modern-day workforce – more than any other generation. The number one factor Millennials want when considering a new job? Flexibility.
Many companies today still view the demand for this flexibility as a productivity work hazard. But the truth is that companies can benefit greatly from this employer-employee relationship. Whether the flexibility at work comes in the form of flexible hours, flexible workspaces or remote work options, roughly 22% of Millennials say they are willing to work more hours and 82% would be more loyal to their employer if they had flexible work options.
Clearly, flexibility at work is extremely important to Millennials. But why is it so important, and why will a Millennial change jobs for a company that offers greater flexibility than another? There are 3 key factors that influence a Millennial’s preference for flexible work options.
1) Work-Life Balance
The US Bureau of Labor Statistics reports 20 million Americans actively choose to work part-time for more flexibility. In a survey done in 2016 by Deloitte, they found 88
This flexibility supports the desire for a better work-life balance so they can create schedules that work for their lives, including when and where they want to work.
This generation thrives on technology that provides them with a greater level of flexibility. Many have zero interest in working the traditional 9-5 schedule. They prefer to set their own hours and complete tasks in a way that works best for them. This forces employers to provide viable options for them to work remotely, attend meetings virtually, and collaborate on-line rather in face-to-face meetings.
Millennials embrace technology that provides them with a high level of flexibility; from workplace apps that increase mobility to virtual workstations and cloud-based collaboration tools.
3) On-Demand Work
The growing gig
When the largest portion of the workforce demands better flexibility, companies must find a way to comply. As a business leader, you can use these insights to build flexibility into your co
About Allwork Inc.
We help companies shift from a traditional staffing model to a more efficient on-demand workforce management model. We provide the technology to companies enabling them to best manage and leverage their flexible workforce to reduce costs and increase sales by ensuring their talent is in the right locations at the right times.