The benefits of flexible scheduling for remote workers

When it comes to finding jobs in the Philippines, work from home arrangements have become especially popular among job seekers, and research suggests that remote work and other flexible working models will be the norm for the foreseeable future. Trends also show that remote jobs are more likely to receive applications than in-person jobs. Additionally, more and more job candidates count workplace flexibility among the top three factors to prioritize when choosing a workplace.

Although many Philippine businesses were initially forced into adopting more flexible scheduling during the height of the COVID-19 pandemic, more and more employers have also come around to the benefits of flexible work arrangements. They’re well aware, for instance, that more flexibility widens their hiring pool beyond those who are able to report to their company’s physical office, allowing them to work with employees in any part of the country and even the world. There’s also copious research to verify the positive influence workplace flexibility has on employee engagement, productivity, and ultimately profitability.

Are you a business owner contemplating the possible advantages of offering more flexibility to your employees or a job seeker wondering what a job with a flexible schedule can do for you? Read on for a deep dive into some of the most compelling benefits.

Makes Employees More Productive

More traditional employers are often of the mindset that the more time employees spend at work, the more they’ll get done, but modern research has disproven this claim. Recent studies in fact draw a positive correlation between productivity and work-life balance, indicating that companies that prioritize flexibility enjoy doubled employee output. This is because when given the freedom to work when, where, and how they like, most employees will develop setups that allow them to be maximally productive and deliver high-quality results.

Traditional in-person working models are also full of interruptions and distractions that can compromise workers’ productivity. For one thing, having to commute to the office alone is already stressful and time-consuming for many employees, particularly in urban centers with problematic public transport systems and frequent traffic jams. Furthermore, ambient noise, procrastinating co-workers, and other factors can also keep employees from working their best once they’ve settled down at their desks. Flexible work schedules eliminate these variables entirely and give employees more leeway to create the working environments that are most conducive to them.

Supports Good Physical and Mental Health

Healthy, happy employees not only do their best work, but they’re also in a good position to continue doing their best work for much longer. Employees with flexible work schedules have more freedom to pursue activities that improve their physical and mental health, such as exercise, eating more balanced meals, and spending time with loved ones. And the better your employees are doing physically and mentally, the less stressed and more focused they’ll be when it’s time for them to hunker down and work.

The positive effects of work-life balance on physical and psychological well-being are both numerous and well-documented. A balanced work routine reduces stress levels, improves mood and concentration, and reduces a person’s risk of developing mental health conditions like depression and anxiety. Work-life balance also alleviates the detrimental effects of stress on the body, such as elevated blood pressure, poor sleep, and migraines. In the long run, flexible working arrangements can lower the risk of serious diseases such as heart disease, hypertension, and certain cancers.

Boosts Employee Retention

Because workplace flexibility is so closely associated with job satisfaction for modern workers, offering employees flexible working arrangements makes them more likely to stay with your company for the long term. High employee retention rates can help boost your company’s reputation in your industry and will make you look especially good to potential hires. Moreover, if your employees choose to grow along with your company for the long term, this choice can lead to even greater productivity and more opportunities for innovation.

It’s likewise important not to underestimate how much better a high retention rate is for a company’s operating costs. Employee turnover is highly costly to manage, considering the amount of time and resources companies have to spend on recruiting, screening, onboarding, and training new hires. If your workforce is full of people who are committed to staying with your organization for the long run, on the other hand, your company will be able to get more done from day to day.

Opens Up Opportunities for Professional Development

Flexible work arrangements make it easier for employees to explore opportunities for professional development, such as workshops, conferences, and further education. For example, employees who work remotely can perform their tasks while attending out-of-town seminars or training sessions. Meanwhile, employees who are interested in going back to school can build their class schedules around their work hours. The skills and knowledge that your employees stand to gain from pursuing these opportunities will both enrich their lives and contribute positively to your company’s bottom line.

On the whole, flexible working arrangements have copious benefits both for businesses and for the people they employ. Embracing flexible work is key for modern businesses to attract and retain top talent, maximize productivity, and outpace competitors.

Capital One moms find the sweet spot in work-life balance

Balancing work and being a mother is no easy task. You are constantly under pressure to be in your best form as a mom and as a career woman. As if it wasn’t hard enough, the pandemic came and kicked it up a notch and the support that was once their anchor such as school and childcare is now upended.

Women are often paid less and are more vulnerable to retrenchment. Because of the pandemic, women are either being let go or are forced to give up their jobs to take care of the household. According to data from the International Labour Organization, because of these dynamics, 29.4 million women ages 25 and above, from 55 high- and middle-income countries, lost their jobs between the 4th quarter of 2019 and the 2nd quarter of 2020. 

In an effort to show support and ensure the safety and job security of its associates, Capital One Philippines provided flexibility and expanded benefits.

“Here in Capital One Philippines, we strive to provide an environment where all associates have the support system they need to address the challenges they are currently facing due to the pandemic,” said Capital One Philippines General Manager, Osman “Oz” Parvaiz, “The last thing we want to happen is to make them feel that they have to prioritize work over self-care, or that they do not have enough resources to care for their loved ones.”

Capital One Philippines working mothers shared their personal experiences and advice on work-life balance.

Lianne Muhlfeld, a Capital One Philippines’ people manager is a mother to a 5-year-old and a 7-year-old. Since her children are doing school at home, Lianne wakes up a little earlier to take care of their needs and assist them with their classes before going to work. 

“Thankfully, I have some flexibility in managing my schedule at work to help me balance my work and my family’s needs,” Lianne shared. “Having a company that considers the needs of each associate has provided peace of mind and lessened the anxiety that we each are facing during this pandemic,” she added.

Gracie Magallanes-Hawak, one of Capital One Philippines’ coordinators is a mother of three, ranging from one to eight years old, including a 4-year-old who was diagnosed with a developmental condition. In having her youngest at the peak of the pandemic last year, Gracie was very focused on the safety of her family. 

“When I went back to the office and saw the safety and health measures we had in place, I felt relieved that my workplace was caring for my own and my family’s safety. I also appreciate the increase in our HMO benefits, enabling me to add more dependents for free and allocate more budget for the needs of my children,” shared Gracie.

These benefits have been furthered through the support of employee resource groups like EmpowHer, a community of women and allies,  that provides support and advice while working together to continue the advancement of women inside and outside of the company.

One of Capital One Philippines’ unit managers can attest to this. Michelle ‘Mitch’ Osorio has been with the company since it opened its doors in the country and she shared, “Being with a company that promotes diversity and inclusion, there are a lot of opportunities available for mothers like me. Through the EmpowHER BRG, I was able to find sisters with whom I can communicate openly and share common interests. By being part of this BRG, I can give back to the company by helping elevate other women.”

Capital One Philippines believes its commitment to diversity, inclusion, and belonging across all fronts is important now more than ever. Rob Nunnally, Capital One Philippines Assistant General Manager said, “We need to ensure that all associates, including mothers, continue to have a safe workplace where they can thrive and a supportive community where they belong.”

To learn more about how Capital One is living its values, visit https://capitalonecareers.com.ph/benefits.php.

About Capital One

Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., had $310.3 billion in deposits and $425.2 billion in total assets as of March 31, 2021.

Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has branches located primarily in New York, Louisiana, Texas, Maryland, Virginia, New Jersey and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol “COF” and is included in the S&P 100 index.

Capital One Philippines Support Services Corporation supports Capital One’s US credit card business.

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