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Equality North East

Ignoring calls for flexibility could cost businesses £12 billion a year

Women, young people and blue-collar workers are missing out on formal flexible working arrangements

UK businesses could lose out on £12 billion a year by 2023 if they ignore calls for greater workplace flexibility, a study from Quinyx has revealed.

The research found that by embracing more flexible working arrangements in the future, UK businesses could generate an output of £570 billion per year through flexible working by 2023. This is compared to an output of £558 billion per year if existing flexible working trends continue. The additional output would be garnered through factors such as reduction in staff churn and higher productivity, researchers said.

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December 4, 2018

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