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Measure effectiveness to make sure flex plans work for you

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in Employee Benefits Program,Hiring,HR Management,Human Resources

Your organization wouldn’t offer flexible work arrangements like flextime and compressed workweeks if managers didn’t believe the benefits—better employee engagement, recruitment and retention—outweighed the costs.

Still, a recent survey by Hewitt Associates found that few organizations have formal and consistent policies in place to manage their flex programs. Very few monitor the programs to measure their effectiveness.

Make your flex program a bottom-line booster, especially in this tight economy. Here are eight strategies:

1. Make a business case. Pin down the business reason for offering each flex option. How do four-day workweeks or phased retirements benefit your bottom line? What problems—like recruitment and retention of older employees—do they solve?

2. Know the competition. Benchmark your flexibility benefits against same-size organizations in your industry. Which benefits do they have that you don’...(register to read more)

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