It is in the best interest of employers to make use of practices such as flexible working in the aftermath of the global economic downturn, an expert has said.
According to John Taylor, chief executive of Acas, both bosses and their members of staff will benefit from adopting innovative alternatives to measures such as redundancy, despite the need for cost-cutting measures following the effects of the recession.
Mr Taylor commented that an increasing number of companies are now taking up such options and those that do will experience the bonuses in the future as the country continues to recover financially, which could mean they have to face less instances of grievance hearings brought by disgruntled employees.
"In the long term those organisations which have dealt with their workforce in a fair, open, transparent kind of way, will reap the rewards in terms of less labour turnover and less absenteeism," he said.
The Acas official's remarks come after the publication of data earlier this year by PricewaterhouseCoopers which showed that flexible working is now the most sought-after employee benefit.
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Posted by Cheryl Bennett