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Job sharing — an arrangement where two part-timers split the responsibilities and hours of a full-time job — presents a potential solution to the growing demand for workplace flexibility. While some organisations may not have explored it yet, those who have implemented job sharing have reaped significant benefits, offering a win-win scenario for both employers and employees. Here’s how.
Enhanced creativity and problem-solving: Imagine finding two candidates you like, each with skills you need, but you’re only able to hire one. Job sharing fixes that. You’ll enjoy the benefits of bringing the best of two complementary skill sets and perspectives, fostering greater innovation.
Improved work-life balance for employees: A job share allows employees to share the responsibilities of a full-time position, leading to a better work-life balance. This caters to individuals with caregiving responsibilities, those pursuing education, or simply seeking a more manageable schedule.
Continuity and increased knowledge transfer: With two people sharing the role, knowledge transfer is built in. Each job sharer stays up-to-date on projects and client needs, ensuring smoother coverage during absences or holidays.
Two for the price of one: Job sharing can be a cost-effective way to retain valuable employees who might otherwise seek out part-time work or leave the company entirely. Employers gain the combined experience of two individuals, splitting the cost of a full-time role between two, whether that’s equally, pro-rated or attributed by level of responsibility.
If you’re curious about the other side, explore the benefits of job sharing for employees.
While job sharing offers numerous advantages, some organisations may have concerns about costs, role design, and implementation structure. However, with careful planning and clear communication, these challenges can be effectively addressed.
Often seen as a solution for parents, job sharing offers a win-win for employees from all walks of life and across generations.
Working parents can share childcare duties, while those pursuing education or with caregiving responsibilities can balance their commitments. It's also ideal for individuals seeking a better work-life balance, managing health conditions, or launching their own ventures. Retirees looking for part-time work can leverage their expertise as well.
Let's debunk some common misconceptions and explore the hidden benefits that can boost talent retention and create a more adaptable workforce.
Salary: While you're technically employing two people, you’re only paying for one full-time role. Offering pro-rated salaries for each job share partner can be a cost-effective way to retain valuable talent who might otherwise seek out full-time positions elsewhere for a higher salary.
Benefits: There's a misconception that benefits double with job sharing. Pro-rated benefits packages or alternative structures with a well-designed plan could instead offer cost savings. You might even find some cost savings on benefits like health insurance depending on your plan design.
Administrative costs: There might be additional onboarding and administrative tasks associated with hiring two people. However, these costs can be offset by factors like:
Reduced recruitment costs: Job sharing opens your talent pool to individuals seeking flexible work arrangements, potentially reducing recruitment costs and time spent filling open positions.
Improved retention: By offering flexibility, you can retain experienced employees who might otherwise leave due to a lack of work-life balance. The cost of replacing an employee can be significant, so job sharing can be a cost-effective way to boost retention.
Training and development: While you might be training two people, you're gaining a broader range of skills and perspectives. This can lead to a more innovative and adaptable team.
Learn how we can help you find your next hire or start a conversation about your recruitment needs by filling out our contact form. At Michael Page, we combine local, sector-specific market expertise with advanced technology to find you quality candidates quickly and efficiently, when you need them most.
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