The Big Four firm has introduced three new programmes to support flexible working including the Life Leave Scheme, which allows staff to take 12 weeks unpaid leave
From 1st April staff will be able to take this 12-week self-supported break or two blocks of six-week breaks.
The second flexible working option is a term time initiative, in which staff will work a five-day week during schools’ term time but get to take school holidays off. Those on this timetable will be paid similar to if they were working a four-day week.
The final initiative will enable staff to temporarily work part-time for a period of up to three months.
“EY’s research show that flexibility is the number one driver of retention - it increases employee engagement by 11%,” said Kate Hillman, people partner at EY Oceania.
Research in January suggested that 98% of employers reported staff wanting more flexible working hours.
Hillman said that increased competition for employees and the focus on employee benefits means businesses need to adapt.
“These policies are intended to address a growing demand for flexible work environments in general, not just working parents,” Hillman said.
She highlighted millennials as driving changes in working practices and pointed to the fact that this group will, as of next year, make up 80% of the firm’s workforce.
“We’re innovating so we don’t lose these people while they pursue passions outside of work,” she added.
In August, PwC launched a new programme, the flexible talent network, which allowed new recruits to choose whether to work shorter hours or fewer months a year.
Sourced from Economia - written by Danny McCance