Part-time hires double since launch of flexible working initiative
New research published by the Zurich UK analytics team shows that demand for part-time jobs has almost doubled (6% to 11%) since the launch of its flexible working approach.
In March 2019, the insurer introduced a first of its kind initiative to advertise all new vacancies as a potential part-time, job share or full-time opportunity – alongside flexible working. This was coupled with the use of gender-neutral language in every job advertisement. Over the past twelve months alone, nearly one in four new female hires (23%) has been appointed on a part-time basis, up from just 10% in 2019.
Zurich’s data shows a surge in requests for more flexible working since the pandemic. Pre-Covid, 12% of external female hires were on a part-time basis. A stark contrast to the 12 months following the first national lockdown when it soared to 22%, suggesting the need for flexibility with many struggling to balance caring and home-schooling responsibilities with work. This is ten times higher than male counterparts hired on a part-time basis which have remained consistent at just 2%.
As well as doubling the number of part-time hires overall, Zurich has also seen numbers of applications from both men and women boosted by more than two thirds since the initiative was launched. This could be attributed to people future proofing their careers ahead of life changes further down the line. As well as the use of gender-neutral language encouraging more women to apply for roles.
But despite vacancies across the UK labour market rising to their highest levels since records began, new research shows that the majority (74%) of job advertisements still fail to offer any flexible working options. This comes as an estimated 16 million are planning on leaving their roles within the next six months with the majority of people moving in search of a better work life balance.
Nationally, half of the UK’s workforce works flexibly in some form, with part-time working the most popular option for over 27%. Around 12% of Zurich’s UK workforce is employed on a part-time basis with more than half of this number (56%) working the equivalent of a four-day week.
To develop its flexible working initiative, Zurich joined forces with the Behavioural Insights Team to identify issues that were blocking career progression for women. The research highlighted a lack of applications from women for senior roles. Many of these roles have not previously been available on a part-time or flexible basis and female employees reported that this lack of apparent flexibility was making them less likely to apply.
Commenting on the data, Steve Collinson, HR Director at Zurich UK said: “As advocates of flexible working for over a decade, we know that people still want to progress their careers whilst managing a whole host of other commitments. Our approach is about removing barriers for those who need flexibility. We are urging the Government to make businesses like ours advertise all roles as being available on a more flexible basis wherever they can.
“Our part-time jobs initiative means we’re able to access a whole new pool of talent. This is a priority for us in the current climate but also benefits working parents, carers, those with portfolio careers or other interests they want to pursue. As the labour market tightens, employers need to rethink their approach to attracting and retaining talent. Workers want a new deal and are no longer prepared to work in outdated and rigid patterns.”