BALANCE AT WORK BLOG

Workplace Flexibility and the Recovery – Risks and Opportunities

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By Kerry Fallon Horgan, Keeping Good Companies Journal, Chartered Secretaries Aust

The global financial crisis and the introduction of flexibility requirements in the Australian National Employment Standards have focused renewed attention on workplace flexibility.

Harry Stout, ING Australia CEO, says “As a result of the GFC we have had to find creative ways of best deploying our resources from declining business areas to those who have growing and requiring greater resources needs. INGA has prided itself on retaining employment wherever possible, while our competitors reduced headcount from 5-20%. To achieve this we worked with our employees in finding ways we could reduce our employment costs while maintaining headcount. Through further encouraging flexible work practices, we were able to ride through the markets turbulence and are now positioned to leverage new opportunities.”

A similar response happened at AMP Ltd. “The challenging environment of the financial crisis encouraged us to look at creative ways to retain our employees and increase engagement and productivity in challenging times. Creative workforce planning strategies that continually reinforce flexibility as a work option ensure AMP has the workforce it needs, without compromising our optimistic and positive brand and culture,” explains Katriina Tahka, AMP Head of Talent & Diversity.

Workplaces that have introduced or reinvigorated their flexible work practices over the past year have not only significantly reduced costs but are now in a position to comply with the flexible work provisions of the new National Employment Standards(NES), which came into effect on 1 January 2010. This particular NES will significantly increase employees’ requests for flexibility and yet the majority of organisations do not have the knowledge base to comply.

Organisations such as ING Australia, IBM, AMP, Stockland and Carnival Australia are using the introduction of this National Employment Standard to update existing flexible workplace policies and guidelines and/or provide training on the legislation and how to make flexible work practices work. The legislation is providing an opportunity to reinforce their commitment to flexibility through awareness and education programs.

The full article is available at http://www.flexibility.com.au

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