Tuesday, May 30, 2023
Are employees demanding more flexibility from employers? 3 Flexible working trends in 2023
As the pandemic recedes, the workplace is undergoing a major transformation. In this new normal, flexibility is the name of the game. It's not just about working from home, but also with flexibility and well-being taking centre stage.
1. Flexible Work Arrangement
More and more companies are embracing flexible work arrangements that allow employees to work from home or choose their own working hours, or even locations. In fact, a recent survey by the Malaysian Employers Federation found that 77% of employers are planning to continue with flexible work arrangements even after the pandemic is over. (1)
2. 4-day Work Week for Work Life Balance
This new normal has also highlighted the importance of employee well-being, that’s why many companies are taking steps to support the mental health of their employees.
One such step is the popular 4-day work week. This shift in work culture allows employees to have more time for personal activities, such as hobbies, family time, and self-care.
By promoting better work-life balance, this change leads to increased productivity and improved employee satisfaction, creating a happier, healthier workforce.
3. Having Flexible Pay as a Financial Benefit
Employers are also recognizing the importance of financial wellness for their employees. In Malaysia, where a survey by the Employees Provident Fund found that 39% of Malaysians have less than RM1,000 in savings. (2) Some employers are now offering flexible pay to their employees through Earned Wage Access (EWA).
EWA is a simple, yet powerful tool that allows employees to access their earned wages before payday, eliminating the need for expensive payday loans or credit card debt. EWA gives employees greater control over their pay and cash flow, providing a level of financial security and flexibility that was previously unavailable.
Companies like our clients Kenny Hills, Lotus's, QSR, and Bila Bila have already EWA solution and have seen positive retention results in greater productivity, profits, increased engagement, and employee satisfaction.
It’s time to get flexible, and go further!
Offering flexible work arrangements is a win-win for both employers and employees, leading to a happier, more productive workforce.
Let’s join us to embrace the future of flexible work and offer your employees the flexibility and financial security they need.
1. 2021 Survey BY Malaysian Employers Federation
2. 2019 Survey by Employees Provident Fund (EPF)