EY announced as founding member of Agile Future Forum
24 June 2013
Agile working provides a competitive advantage, says EY’s UK chairman
EY (EY) was today announced as a founding member of the Agile Future Form (AFF); a group of 22 companies who are joining forces to define the business benefit of ‘workforce agility’ and to help other UK companies adopt these innovative ways of working.
The group, which is led by Sir Win Bischoff (Chairman of Lloyds Banking Group), includes companies from a broad range of sectors, sizes and geographical reach that employ over half a million people combined across the UK. The founding members are aiming to revolutionise traditional working practices by showing that greater agility over how where and what employees do can provide significant financial benefits, which ultimately increases the competitiveness of the UK.
EY has supported both formal and informal flexible working practices for a number of years but is striving to make it business as usual rather than the exception. The professional services firm says it has already reduced travel costs by £0.5m this financial year, cutting its carbon footprint, and is anticipating productivity improvements of between 1 to 4% amongst its flexible workers in the short to medium term.
Steve Varley, EY’s UK Chairman commented: “The traditional 9 to 5 working day is fast becoming an outdated model. In an increasingly global economy, when you are working with clients and colleagues across borders and different time zones, agile working can provide a real competitive advantage. Here at EY, we’ve seen that that it can lead to a higher level of client service, make our people happier and more engaged, as well as save money. The Agile Future Forum is a great opportunity to put the spotlight on these key issues, and to share knowledge and best practice amongst UK businesses.”
Sir Win Bischoff, Chair of the Agile Future Forum (AFF) and Chairman of Lloyds Banking Group added: “Creating agile workforces has helped AFF companies to compete in the global market. We believe agile working practices could help other UK businesses too. I believe the economic benefits outlined in our report demonstrate that it is possible to develop a way of operating that is valuable for businesses, employees and customers and ultimately the UK economy.”