Work-Life Balance and the Economics of Workplace Flexibility

Source: Council of Economic Advisers, March 2010

From a summary:
Focuses on the economics of flexible workplace policies. The first section highlights the need for such policies, including that (1) women comprise almost 50% of the workforce, and in nearly 50% of households, all adults are working; (2) nearly 20% of workers served as the primary caregiver to someone over 50 during 2008; and (3) there is an increased percentage of workers pursuing advanced education while working full time. The second section of the report details the flexibility that currently exists in the workplace. Specifically, more than 50% of employers indicate that they allow employees to change their start or stop times, even if only occasionally. However, workers with lower skills have less access to flexible workplace practices than do higher-skilled workers. Phased transitions have also become more popular, with most employers offering some sort of gradual return-to-work programs after major life events, such as adoptions or childbirth. Although flexible scheduling and phased transitions appear to be at least somewhat common, remote working (such as telecommuting) is much less common, with only about 15% of workers reporting that they work from home once a week. The final section of the report details some of economic benefits of workplace flexibility. For example, flexible workplace policies can improve worker health and productivity and reduce turnover and absenteeism. However, the costs and benefits of workplace flexibility differ across organizations and industries.
See also:
White House Announces Forum on Workplace Flexibility
Source: The White House, Office of the Press Secretary, Press release, March 23, 2010

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