February 16-18, 2012 | Philadelphia, PA1

Flexible Workforce Policies: Maximizing ProductivityNick Spain, Lockheed Martin HR DirectorFebruary 17, 2012

Dilemma

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Employee Satisfaction

Costs

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Flexible Work Schedules• Examples:

– Telecommuting– Alternate Work Schedules– Temporary Duty /Extended Duty Assignments

• Advantages: – Balance work and home responsibilities– Increase in retention and job satisfaction– Move talent to the work

• Considerations:– Applicability/Equity– Disruption to rhythm of business– Risk of decrease in work quality

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Workplace Services• Examples:

– Concierge Services– Financial Services

• Advantages: – Less disruption in workplace– Increase in retention and job satisfaction– Recruiting strategy

• Considerations:– Equity – Sustainability

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Perks• Examples:

– Tuition Reimbursement– Portable 401K’s– Vacation Buy

• Advantages: – Flexibility– Increase in retention and job satisfaction

• Considerations:– Rising Costs– Administration– Legal Changes

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Employee Development• Examples:

– Training– Development programs– Talent Management– Rotational programs

• Advantages: – Increase skills of the workforce – Increases employees’ value to the customer

• Considerations:– Costs of administration– Loss ROI due to attrition

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Q&A