Sir Win Bischoff, chairman of Lloyds Banking Group, is leading the launch of a new group, the Agile Future Forum, whose aim is to revolutionise traditional working practices with a view to boosting the UK economy.
In a letter to the Daily Telegraph, the 22 bosses, which include Ian Livingston, chief executive of BT, Martyn Phillips, chief executive of B&Q, Mark Ovenden, chairman of Ford Motor Company, and Adam Crozier, boss of ITV, say: “Our companies and organisations differ in size, sector and location but we share a common view that workforce agility is generating significant and tangible financial benefits for our businesses.”
Other signatories include Peter Mather, vice president of BP; Stuart Fletcher, chief executive of Bupa; Mike Corbat, chief executive of Citigroup; Chris Bush, managing director of Tesco.
They argue that while 96pc of companies were already offering some degree of “flexible working” the term has gained a bad reputation for being “a benefit for employees and a cost for employers”. They add: “This runs contrary to our experience: if implemented successfully by business leaders, workforce agility can offer sustainable business performance and engaged employees.”
The AFF has been formed 18 months after Nick Clegg, the Deputy Prime Minister, asked Sir Win to investigate whether UK working practices could be shaken up to boost employment and workforce efficiency.
Chosen excerpts by Job Market Monitor