Research suggests that, in general, people value flexibility more than money. Why, then, don’t we start compensating people with flexibility instead of money?
Organizations’ biggest push-back against offering employee flexibility is that it’s inefficient, it limits productive interactions with colleagues, or reduces customer response time.
It’s not impossible to quantify these costs. Want to work from home? That will cost you $5,000 a year. Want to cram all of your work hours into three days? That will cost you $20,000.
People don’t need more money, they need more time. To win the talent war of the 21st century, organizations need to focus on flexibility.