Every organization strives to increase revenues while reducing expenses. A company’s bottom line portrays the net income and ability to expand or grow. A flexible work arrangement would have a positive impact on an organization’s profits. Employees can work when they feel most productive; consequently, there is increased loyalty to the institution. Remote locations for employees save on rental costs that would have been used to pay for their office space. Also, the company will save on hiring costs as their employees are loyal and committed. Besides, flexible working hours generally cost less as compared to fixed working hours since few arrangements and functions are required. This can be a major cost-cutting strategy followed by any organization.
Moreover, flexible work arrangements result in an improved relationship between the employees and the management; thus, there is no communication breakdown. An organization enjoys increased productivity as a result of good employee management. Furthermore, managers and an organization’s leadership are forced to assess employees working in a flexible environment on what actually matters instead of their presence in a physical location. This cultivates a results-oriented culture that highlights strong results and hence, helps the business to be more productive.