Flexible Workforce – Benefits to the Employer

09 Sep 2020
 

Flexible Workforce – Benefits to the Employer

The ability to flexibly utilize resources will be the hallmark of the most successful companies over the coming years. The much spoken about ‘Future of Work’ is very much the present, given the incredible changes to workplace dynamics in the wake of COVID-19. While many organizations have been scrambling to adjust to the new way they relate to their employees (and how their employees relate with one another), those who embrace these transformations will adapt successfully and take advantage of the future of work. The benefits of encompassing flexibility into your workforce have long since stood, however they have been highlighted over the past few months. Whether you are a long-standing business evaluating your path forward, or a young startup trying to find your path, ensuring you use a flexible workforce will set you up for success for the following reasons:

 

Reduced Costs

Keeping costs as low as possible has always been important, but its significance has increased manifold given recent developments. Engaging workers flexibly will, of course, reduce payroll output. Other expenses, however, can be reduced such as work space, office equipment, and training costs for new staff. Freelancers and contract workers come ‘ready made’, meaning you do not have to pay the set-up fees associated with traditional employees.

 

Access to Niche Abilities

As you encounter new challenges you will need new skills to overcome them; even the most experienced employees will be unable to answer all the questions your organization faces. Having a flexible workforce on hand means you can incorporate high-level and hard-to-find skill sets into your organization with minimum fuss. This is a huge advantage for smaller organizations who may not have the scope to keep experts in house.

 

Increased Output

Making use of a flexible workforce disrupts the operational paradigm with respect to time. Your
organization can dispense with a 9-5 model as freelancers you can engage with will work evenings, weekends, and across different time zones. You can, then, tighten the time frame it might normally take to complete a given project as your workforce flexibly negotiates time allocation. Also, by staying adaptable, you can onboard more capacity when needed and scale down your operations when goals are reached – your organization is never faced with a challenge too big to overcome.

 
 

Keep an eye out on our continued insights on the ‘Future of Work.’ Next post will cover the benefits of being an employee in a flexible workforce context.

 
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