Big Four firms join initiative to promote flexible working

ERNST & YOUNG and KPMG have been named as founding members of an initiative that aims to increase flexible working practices across businesses in the UK.

Made up of 22 companies including the likes of Tesco, Lloyds Banking Group and John Lewis alongside HM Treasury, the Agile Future Forum will provide support to companies in promoting a flexible workforce and increase the competitiveness of UK industry.

The forum said it aims to raise awareness, share best practice and work with trade bodies and government to provide a joined-up approach to workforce flexibility.

E&Y said it has already cut travels costs by £0.5m this financial year, and is anticipating productivity increases of 1%-4% among flexible workers in the short to medium term.

Steve Varley, E&Y’s UK chairman, commented: “The traditional nine to five working day is fast becoming an outdated model.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.”