Amid layoffs, furloughs, pay cuts and frozen salaries, most organizations are holding onto their work/life benefits during the recession. And some of them are using flextime, telework and other employee favorites as cost-cutting strategies.
A new study by the New York-based Families and Work Institute (FWI) shows that 81% of employers continue to offer workplace flexibility; 13% have increased it.
Reason: “A number of employers have recognized that if they provide flexibility, they can save jobs,” FWI president Ellen Galinsky testified during a July hearing of the Congressional Joint Economic Committee. “Being a flexible employer tends to pay off for the business.”
Although businesses typically view flextime, compressed workweeks and part-time schedules as recruitment and retention strategies, just 6% percent of employers have ditched those practices, even as they cut staffs and freeze hiring.
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