“Every employer understands the high cost of losing and hiring a valuable employee. “It goes without saying that when employees are happy, they are more likely to stay with you for longer,” Rosenstein said. Ensuring team members have a positive work-life balance can also help keep them around for the long term. ![]() They often place a high importance on work-life balance, which flextime fosters. “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. Since it’s one of the most popular benefits among employees, flextime can help attract and retain top talent.Īccording to Todd Brook, managing director at the employee engagement platform Engagement Multiplier, 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. Here are some of the upsides for businesses. Giving your staff the flexibility to create their own work schedules isn’t advantageous only to employees it can be beneficial for employers too. What are the benefits of flextime for employers? Nearly 40 percent of global workers say schedule flexibility is among the top three factors to consider when making a career decision, according to ManpowerGroup Solutions. “Access to such opportunities is especially important to millennials, who consistently prefer professional development over a salary increase.” “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. Time for professional developmentįlexible work arrangements are also great for employees who want to engage in professional development opportunities they might otherwise not have time for. 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 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. 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. Here are some of the upsides for workers. What are the benefits of flextime for employees?įlextime has advantages for both employers and employees, and many of these benefits lead to higher employee morale. For example, a full-time team member might be required to work a total of 40 hours each week, but how they portion those hours each day is at their discretion. 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 during certain core hours of the weekday 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 always work from 7 a.m.Additionally, flextime might involve the option to work remotely a certain number of days each week or the opportunity to swap afternoon hours for evening work.ĭarrell Rosenstein, founder of recruiting firm The Rosenstein Group, said most flextime policies adhere to the following three guidelines: The specifics of how flextime works and what kind of schedule flexibility is permitted typically vary depending on the business.įor example, one company’s flextime policy might allow employees to choose their start and end times each day, whereas another might allow them to choose between working five eight-hour days or four 10-hour days. What is flextime?įlextime, also known as flexible working hours or flexible schedules, is a benefit that allows each employee to define their work schedule within certain parameters. When implemented correctly, flextime can be advantageous for both you and your team. But this isn’t a perk that helps only workers. How do you treat your staffers? Is your compensation competitive? What benefits do you offer? These are some of the most important issues a company must perfect because workers aren’t willing to settle for anything less than “great” anymore.įor example, what was once seen as a luxury benefit is now considered a must-have for many employees: flextime. The employee experience is top of mind for employers and employees alike these days.
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