![]() They often place a high importance on work-life balance, which flextime offers. “It gives you a level of differentiation, and you can end up with incredible, high-performing and loyal employees,” he said.Įmployees look for more than just a competitive salary when determining whether to work for an organization. Brook said offering flextime can open up a candidate pool for high-demand roles you otherwise would not have had access to because of demands on their time. As a highly desirable benefit among employees, flextime can help attract top talent. Offering employees the flexibility to create their own work schedules can be advantageous for employers, too. Benefits for employers Talent acquisition and retention ![]() “Flextime is increasingly common as companies strive to help employees manage unique challenges posed by the COVID pandemic, such as sharing workspace in the home with others and keeping an eye on children who are learning remotely,” said Todd Brook, chief solutions officer at the employee engagement platform Engagement Multiplier. For example, flextime has become a popular way to manage the unique circumstances presented by the coronavirus pandemic. “Access to such opportunities is especially important to millennials, who consistently prefer professional development over a salary increase.” Adaptation to challengesįlextime also makes it easier for employees to adapt to unexpected circumstances. “With a flexible schedule, employees can pursue professional development opportunities, such as attending college – something that can be difficult to do with a traditional 9-to-5 schedule,” Rosenstein said. Professional developmentįlexible work arrangements are also great for employees to engage in professional development opportunities that they might otherwise not have access to. Instead of working a schedule predetermined by someone else, they can modify their working hours around activities that foster good health, like going to the gym, spending time with family or taking a yoga class. With the freedom to create a personalized flextime work schedule on their own terms, employees have more opportunities to focus on their physical and mental health. “At the heart of flextime is the ability for employees to be in control of their work and personal life,” Rosenstein told. Here are some of the advantages: Benefits for employees Better work-life balanceįlextime is very valuable to employees because it gives them the autonomy to create a work schedule that integrates cohesively with their personal life, which can result in an improved work-life balance. For example, a full-time employee might be required to work a total of 40 hours each week.įlextime has advantages for both employers and employees, and many of these benefits lead to higher employee morale. Regardless of the time they start and end their workdays, employees must work their required number of hours.All employees are required to be available at certain core hours to ensure continuity in communication and collaboration. ![]() on Monday, Tuesday and Wednesday, and from 9 a.m. Each employee’s chosen working hours are consistent every week for example, an employee may choose to work from 7 a.m.Additionally, flextime might involve the option to work remotely a certain number of days each week.ĭarrell Rosenstein, founder of recruiting firm The Rosenstein Group, said most flextime policies adhere to the following three guidelines: For example, one company’s flextime might allow employees to choose their start and finish times each day, whereas another flextime policy might allow employees to choose between five eight-hour days and four 10-hour days. The guidelines around how flextime works typically vary depending on the company. What is flextime?įlexible working hours, also known as flextime, is a benefit that allows each employee to choose their working schedule. Although offering flextime isn’t feasible for every employer, it is a great way to improve employee morale and attract and retain top talent. ![]() This is making the traditional 9-to-5 workweek a thing of the past for many companies. As a way to maintain a positive work-life balance, many employees place a high priority on flexible work schedules. Being flexible about when employees start and end their days is becoming an increasingly popular benefit for workers.
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