Okay, so you're a leader sold on the concept of a job share. You understand the advantages. It's great for reducing stress levels and improving work-life balance. It's a top notch method to assist women returning to work and non-white workers who are at risk of quitting due to caregiving responsibilities. It's also an excellent approach to promote gender and ethnic inclusiveness in senior management roles. Plus, it gives you access to more experience and greater accountability, as well as a wider range of ideas, which will result in increased productivity and better health. Oh and it can also help companies save money on recruitment costs and regrettable churn. Winner.
But there are so many questions, right? According to Rolehare research, headcount and benefits are two of the biggest concerns when it comes to job sharing. But with the right planning and communication, these anxieties can be overcome.
Tip 1: Determine the FTE of the job share
The first step is to determine the Full-Time Equivalent (FTE) of the job share. The FTE is simply a way to express the workload of a position relative to a full-time schedule. For example, if a job share is working 120% of a full-time schedule, the FTE would be 1.2.
Tip 2: Determine the headcount of the job share
The next step is to determine the headcount of the job share. This is the tricky bit because most systems will see two people as two headcounts, but it isn't. It's 1.2. Some companies don't count anyone who works 20 hours or less as headcount, others approach as budget allocation vs headcount allocation.
Tip 3: Determine the financial impact of the job share
Once you have determined the FTE and headcount of the job share, you can then determine the financial impact of the job share. If your company offers health insurance for part-time employees, that's sorted. If not, some countries have national health insurance or the like, and if not, Roleshare have a partnership with Stride Healthcare. As for other benefits, they're handled pro rata for 401k contributions, PTO, etc. There are a few things to consider when pro-rating benefits, but generally it's a pretty straightforward process. The financial impact will be different for each company, but it is important to consider the cost savings that can be achieved by implementing a job share.
Tip 4: Communicate the financial impact of the job share to stakeholders
Once you have determined the financial impact of the job share, it is important to communicate this information to stakeholders. This will help them understand the benefits of the job share and how it can save the company money.
Tip 5: Implement the job share
The final step is to implement the job share. This is where you will need to be creative and think outside the box. There are many ways to implement a job share, so it is important to find the best solution for your company. The most important thing to remember is that a job share is not a one-size-fits-all solution, so be creative and think outside the box! Plus, you can use platforms like Roleshare to help you deploy job share programs within your company.
And, if you're still on the fence about job sharing, here are some things that might ease your mind:
1. Job sharing is not a new concept - it's been around for decades.
2. Many companies have job sharing policies in place, so it's likely your company is familiar with the concept and may even have a process in place.
3. Job sharing can actually lead to increased productivity, as each person in the job share arrangement is motivated to do their best so that the other person can succeed as well.
4. Job sharing can also lead to better health, as each person in the arrangement is likely to take less sick days and have more energy when they are at work.
5. Finally, job sharing is an excellent way to promote gender and ethnic inclusiveness in senior management roles. By opening up these positions to job shares, companies can tap into a larger pool of talent and create a more diverse workplace.
And lastly having questions is a positive behavior - it means you want to do a good job, and are actively thinking about the best way to go about it! If you have any questions, don't hesitate to reach out to the Roleshare team - we're always happy to chat. :)