Essential Shift in Work Arrangements
Flexible working arrangements have become essential in today’s work environment. This shift is prompting global policymakers to reconsider regulatory frameworks, as highlighted by a survey from the World Employment Confederation.
The survey shows 83% of senior executives believe employees now value work flexibility as much as compensation post-pandemic.
Additionally, 82% of senior executives acknowledge that the idea of a single career path for life is obsolete. Meanwhile, 83% stress the need to highlight diverse labor contracts so individuals can choose what suits them best.
The survey stresses the necessity of updating labor regulations to meet these new expectations. Currently, 38% of business leaders feel equipped to manage diverse work forms, and 37% can recruit agency workers at scale.
Flexible working arrangements have become essential in today’s work environment
Adapting Work to Lifestyle
“In the past, we had to adapt our lives to fit our work. Today, that script has flipped: We expect our work to adapt to our lifestyle and our life stage,” said Denis Pennel, managing director of WEC, in a press release.
“Creating and embedding truly sustainable flexibility demands a new paradigm and requires policymakers to ensure that legal frameworks recognize the value of diverse forms of work,” Pennel added. “Labor market reforms are needed to provide workers with diverse working options and rewarding experiences, regardless of their contract, while also meeting business resourcing and talent needs.”
The “Work We Want” survey gathered responses from 715 senior executives worldwide, including 680 from Forbes Global 2000 companies and 35 public sector organizations, conducted between November and December 2023.
