Flexible working practices could boost UK economy

Flexible working practices could boost UK economy

Flexible working practices could have a dramatically positive effect on the UK economy, a new study has suggested. 

Research from Condeco Software claims that with rising rates of internet access among workers across the country, businesses risk damaging growth and staff morale if they fail to adopt a more flexible approach to working. 

Flexible working has been mainly aided by government legislation but has arguably been further spurred on by rising trends such as bring your own device (BYOD), cloud computing and video conferencing. 

And some experts believe there are a number of significant advantages available to companies that truly embrace this way of working. 

Indeed, research from Ernst and Young claims that flexible working could add as much as £8.5 billion to the UK economy.

Such a figure is perhaps unsurprising given the immense popularity of such an approach. 

Around 8.7 million people in the UK are estimated to be in favour of flexible working, while 82 per cent of managers seeing it as a benefit to their business. 

Some 96 per cent of UK knowledge workers have already taken up the option of flexible working, with another 94 percent stating they would work from home twice a week if they were given the opportunity. 

Paul Statham, chief executive officer and founder of Condeco, said it had helped to transform the office from being the default place of work to instead being an arena to meet colleagues. 

He added: "Sitting at a designated desk from nine to five has been the dominant image of the workplace for decades, but this way of working has become obsolete. 

"We now live in a connected world and the office must change with this. People have become used to the freedom that greater access to the internet brings and they expect this to be reflected at work.