Bosses offer flexible hours not pay rises

Mon 11 Aug 2008 at 2:22 PM

Bosses are increasingly offering workers flexible hours instead of pay rises, new research has claimed.

The move aims to help retain staff and reduce business costs amid the current period of financial difficulty.

Leaders in London, part of business information firm Informa, said one in three respondents to its poll predicted further job losses, and nearly half had already cut back on pay and bonuses.

"Business leaders are increasingly finding that they're at the sharp end of the credit crunch and need to take stock of how they run their organisations in order to get the best from their employees," said Ros Oxley, managing director of Leaders in London.

Half of those questioned revealed they are having difficulty motivating workers, "with many trying to find low-cost incentives to encourage and reward productivity".

Flexible working, according to government advice, can include part-time, flexi-time and job sharing.

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