Abstract
In modern marketplace business organizations are obliged to take into consideration that in order to compete among other organizations, they must attract the best talents who are able to make creative decisions. According to the latest issue of world competitiveness report (2019), employees are striving for flexibility despite the observed fact that they also tend to lack skills and described as volatile. Organizations are trying to suggest appealing working conditions in order to position themselves as attractive employees. This might be the reason why many of the leading organizations in the world position themselves as employers of flexible working conditions (Wiryakusuma, Chai, King et al. 2017). As there is a skills gap noticed as a prevailing global trend, it became harder for organizations to change employees. Therefore, a lot of efforts and investments are necessary in order to keep a skillful and efficient employee.
Highlights
The rapidly increasing use of flexible working arrangements is among prevailing global trends, which are noticeable in business journals
The need for legal regulation led to the renewal of the Labour Code, which provides for more flexible conditions for business (Labour Code of the Republic of Lithuania, 2016)
The main problem of the article is how flexible working conditions affect the competitive advantage of organizations
Summary
The rapidly increasing use of flexible working arrangements is among prevailing global trends, which are noticeable in business journals. Employees have the opportunity to adjust the workplace to their needs, hobbies and reconcile work with personal life. The need for legal regulation led to the renewal of the Labour Code, which provides for more flexible conditions for business (Labour Code of the Republic of Lithuania, 2016). This step will help employees feel more confident in addressing their employer when declaring their needs, and employers will have the opportunity to justify the use of flexible terms with directives already adopted. The main problem of the article is how flexible working conditions affect the competitive advantage of organizations. The descriptive and systematic methods show different perspectives of concepts, differentiation according to the respective types, functions, tools, which allow to understand the meaning of the concepts much more deeply and to objectively evaluate their mutual influence, relations and behavioural impact on work efficiency
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