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Polls have shown that approximately 80 percent of workers desire a flexible work schedule, which can mean flexible hours and/or working remotely. While this option may not be available in the rigid structure of large corporations, small businesses are in the unique position to offer more flexibility. But is it worth it? Here are some pros and cons for your consideration.

Pros

  • >Flexibility is seen as a valuable perk, which may help in hiring top talent even if you can't compete on salary with larger companies.
  • Flexible work schedules are linked to increased employee satisfaction and morale, which improves retention.
  • Satisfied employees are likely to perform better, which adds to overall productivity.
  • The opportunity to work when convenient allows workers to focus more on the task at end, which may have a positive effect on profits.

Cons

  • Flexible schedules may contribute to a decrease in productivity, unless clear goals and deadlines are planned up front.
  • If technology — smartphones, laptops etc. — fails, there's no IT department at your employees' homes to fix the issue. Similarly, remotely accessing company information increases the risk of a data breach if proper measures aren't taken to secure data.
  • Without everyone in one place, miscommunications may happen more often unless you schedule regular check-ins to discuss current projects.
If you decide to allow your employees to work remotely, be sure to have a discussion with your independent insurance agent about any additional coverage you may need to protect your business' best interests.

We've got you covered. Call Integrity Network Insurance Group at (512) 989-6006 for more information on Austin business insurance.
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