The working patterns experienced by the baby boomer generation are no longer acceptable to generation X and the millennials. Providing flexible working arrangements is now becoming a brand image for the organizations particularly. Moreover, in a world of always-on, always-connected economies, the line between work and home is becoming increasingly blurred. Thus with changing times, the approach needs to be changed not only including flexibility in terms of time (working hours) and space (location) but allowing opportunities to work differently. The economic downturn is making it more difficult for the employers to manage talent and the constraint is to retain them. The changing scenario i.e. workforce diversity and management of the millennials call for flexible and more adaptive ways of working. Agile working comes out to be the need of the hour. It aims to create more responsive, efficient and effective organizations based on more balanced, motivated, innovative and productive teams and individuals .Thus, it is an essential ingredient for surviving and thriving in the current scenario, by bringing people, processes, connectivity and technology, time and place together and thus addressing the concern for delivering “more with less” and making the working environment leaner and greener. The paper explains agile working as a new paradigm, “a transformational tool” providing gains on cost, productivity and sustainability. It discusses introducing agility in the right sense without compromising on the security of the personnel and helps other businesses replicate these benefits. It focuses on how a business can capture value through agile working and how an employee can be empowered with more flexible and different working styles, thus leading to higher level of engagement.