Growing numbers of employers plan to embrace flexible working practices in order to retain staff, new figures have revealed.
According to a survey by the by the British Chambers of Commerce (BCC) and Indeed, 38 percent of businesses are thinking about introducing flexible working practices to improve staff retention rates. Common types of flexible working include part-time hours, flexi-time, job sharing, compressed hours and home working.
And improving staff retention rates is not the only benefit associated with flexible working - a recent report by the International Workplace Group revealed that some 89 percent of those quizzed believe flexible working helps their business to grow.
Jane Gratton, Head of Business Environment and Skills Policy at the BCC, said: “Access to people and skills is a top priority for employers and firms are doing everything they can to recruit, retain and upskill their workforce.
"Increasingly, employers are embracing flexible working practices as a sensible way to retain staff who need to balance work with family and other commitments. Amid rising upfront costs for businesses, it is crucial that innovative ways are found to motivate staff.”
The survey also revealed that 42 percent said they would also invest in training and development to boost staff retention.