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Shared-Workforce

Shared-Workforce: Why Sharing is actually Caring!

European exits, pandemics, now a cost of living crisis! Businesses are being hammered by these as much as anyone.

In these times businesses have had to make tough decisions, no only to keep growing but to survive! And this sometimes means making sacrifices, sacrifices that start with a capital R…

Redundancy… it’s a word dreaded by both employers and employees alike. For staff, it means their lives are turned upside down, for employees it causes irreparable damage to their employer and business reputation.

But in a world where fixed-cost removal means survival; businesses feel like they have no choice. And perhaps they didn’t, but that was before they knew of an alternative. That alternative is Shared-Workforce.

What is Shared-Workforce?

Shared-Workforce is a managed service provided by an external business. The service involves taking a team of employees off the hands of their current employer to remove the fixed cost of employment.

Their contracts don’t change and they will still be employed by their original employer but the cost of their employment will be covered by the Managed Service Provider. The MSP will then sell the service the team provides back to the employer but on an Outcome basis.

Which means the employer only pays for the service for as long as it is needed rather than constantly paying for an in-house team, even when the service is not always required.

When the original employer isn’t in need of that service, the MSP will provide work in the meantime until their service is required again. And so the workforce is being shared!

Why Shared-Workforce is the Best Alternative to Redundancy

The best way for a business to grow and survive in periods of economic uncertainty is to shift their fixed-costs to variables. Unfortunately, one of the most obvious ways to reduce costs in a business is to lay off workers.

But this should always be an absolute last resort for any company. Not only morally and ethically, but there’s no getting round the fact that making people redundant is also extremely bad for business.

Your employer reputation is permanently affected which may make it difficult to gain valuable talent from that point on even when it is needed. But as we have seen recently there can be huge media backlash for making people redundant.

However, Shared-Workforce provides all the business needs of an employer without the pitfalls that come with making people redundant! Another company covers the cost of the team, yet you still have access to the service if/when it is needed.

A fixed cost is shifted to a variable, growth is enabled, business reputation remains intact; workforce is shared.

The potential for ROI

Shared Workforce doesn’t just offer an opportunity to cut fixed-costs without making redundancies. There is also potential for return on investment by the MSP outsourcing your team to other businesses.

Which means not only would your business be turning a fixed-cost into a variable. It turns your team into an asset which could generate further revenue for the business.

Furthermore, your employees will have the opportunity to earn more and increase their individual portfolios by working for multiple businesses. Making it a literal win-win!

If you are interested in sharing your workforce, get in touch with the Find Your Flex group now!

Categories
Diversity Flexible Working Mutable Outcome

Outcome-Based Working: Flexible, Productive, Cost Effective

All of our services, goals and narratives are based on our certainty that Outcome-Based working is the future of working. That isn’t just a statement we are confident in, the evidence is there. The business case is there. But now that future has become the present.

We are now in a post-pandemic world, one where flexible working is not a benefit but an expectation. A world where technology is advancing so fast that it is threatening careers.

In the same world; businesses are expected to meet the evolutionary demands of society at an extremely fast pace. Finally, a world of financial uncertainty where businesses need to become more cost effective to grow and survive. 

Working to an Outcome-Based Model is the only way of working that addresses all of these.

What is Outcome-Based Working?

Outcome-Based Working is a way of working in which an employer focuses solely on the outcomes of their employee’s work. The where, when, why and how these outcomes are met are of no concern.

So long as the tasks, services etc. are being completed in the desired time, just how individual members of staff get there is up to them. Meaning staff gain full flexibility and businesses maintain the same level of service.

The most Valuable and Productive Work Style

Despite the evidence that flexible working does work, employers are reluctant to make a full shift; which would be to an Outcome-Based Model.

Instead they try to cling on to the old ways of working by conforming to Hybrid and 4-Day week models. But there is no business case for these and why would they want to stick to the old ways when it costs them more?

Find Your Flex has done the research and businesses are throwing away thousands, potentially millions on outdated or unfounded work styles. Why? Because they are not productive. The amount of work being wasted in productivity is what is costing the business.

Outcome-Based Working on the other hand is 100% productive, staff work more days in the year (without compromising time off), it costs businesses less and staff can potentially earn more. Where is the downside?

How Outcome-Based working achieves perfect D&I

Businesses are under societal pressures to achieve perfect D&I with their workforce and they want it done quickly. Gender pay-gaps need to be closed and the workforce needs to be diverse, with an inclusive work culture.

Many transformation programmes have tried and failed to accomplish this swiftly. A shift to Outcome-Based working automatically solves this issue. People are hired and promoted based on nothing but their outcomes. 

Any potential bias is removed, meaning perfect inclusivity is achieved and the workforce will become organically diverse as a result. Everyone is automatically on an even playing field. There is no fairer way of working in that it creates a working culture where equality can thrive.

What is the first step?

We have been saying for a long time that the future of work is Outcome-Based. But the future is now. Businesses need to get on board or risk being left behind.

This does not mean the first step has to be a great big working model shift. It first means a shift to an Outcome-Based mindset. This means looking at utilizing an outcome-based managed service over in-house, see the benefits of that on what it looks like.

The Find Your Flex group provides such services and would be happy to show you exactly how working to Outcomes can benefit a business.

Interested in shifting to Outcome-Based Working? Then feel free to reach out to us anytime if you want us to help implement an Outcome-Based Working model.