It allows employees to vary their arrival and/or departure times. 77% of employees consider flexible work schedules a key factor when job hunting. The Fair Labor Standards Act (FLSA) does not address flexible work schedules. Put yourself in your boss’s seat. Simply put, flexible work arrangements are alternate arrangements or schedules from the traditional working day and week. Employees may choose a different work schedule to meet personal or family needs. Alternatively, employers may initiate various schedules to meet their customer needs. According to SHRM, 55% of employees It means giving your employees more flexibility to choose where, when, or how they work. Offering a flexible schedule can improve talent acquisition efforts. Think of your flexible work schedule as a “we” situation. The survey found: "40% of … 21% of workers are willing to give up some of their vacation time to get flexible working options. Flexible work arrangements might not be a good fit for some businesses and industries. Promotes TeamworkWhen your valuable employees need to leave the office and take care of personal business whether it be a dentist… Work-life balance was also named the top reason working parents seek flexible work, followed by family, time savings, and commuting stress." The benefits of flexible work schedules in terms of a compressed workweek lead to better work-life balance, better rest, less commuting, and more. But look a little deeper and you’ll see that the 9/80 work schedule also benefits your business. The Benefits for Employees. Rather than a traditional, 40 hour nine-to-five work week, a flexible schedule allows employees to vary the times they begin and end their work day. While the advantages are more abundantly evident in employee perception, the benefits for the employers are just as appealing. Flexible schedule improves work-life balance, hence, reduces stress. Absenteeism decreases. When workers are forced to fit both work and personal demands within the confines of a structured 9-to-5 job, it doesn’t always work out. Through flexible schedules, however, employees have the ability to maintain their required hours while working around activities that would normally necessitate time away from the office. Depending on your flexible work schedule policy, it might be difficult to get your employees together at the same time. Survey Supports the Need for Flexible Work Schedules . Flexible work schedule allows the employees to meet the family needs, personal obligations and life responsibilities efficiently. Whether it’s flextime, compressed workweeks, part-time schedules, or job-sharing, embracing a new way of working can benefit organizations and employees in the long run. | Indeed.com Companies with flexible work arrangements also benefit from a larger pool of applicants. What is a flexible work schedule? Flexible Work Schedules: Alternative Workweeks Can Benefit Both Practice and Employees. Flexible Work Schedules. Flexible work is what it sounds like it is. Flexible working schedules have become increasingly popular in recent years and especially so in light of COVID. Despite all the benefits, flexible work schedules do have downfalls. It’s little … Six of these benefits address the changing business context (increased employee productivity, effective virtual teams, business continuity, reduced business travel, and agile infrastructure). First of all, flexible working hours don’t mean when a manager is a little lenient and allows the team to leave a little early. By embracing remote work, an organisation can select the very best person, regardless of location. Flex work, as it is commonly known, plays an important role in addressing the realities of today’s workplace, society and economy. This report makes a strong case for flexibility by identifying 12 tangible benefits of flexible working. It is also essential to know the differences between the various types of flex arrangements so that the correct decision can be made each time. Reduced Absenteeism. WHEN JANET JOHNSON, CVT, FIRST STARTED WORKING at AAHA-accredited Teegarden Veterinary Clinic in Washington, Illinois, everyone on the team was scheduled to work five 8-hour shifts per week. Employees may choose a different work schedule to meet personal or family needs. Any schedule that gives employees the freedom “to vary their arrival and/or departure times” outside of the traditional 40-hour, 9-5 workweek would be considered flexible, according to the U.S. Department of Labor (DOL). There have been numerous studies conducted that have concluded that the benefits to employees are manyfold. A worker who must care for an ailing parent can still do their work efficiently by splitting their time between the office and working from home. Also, you’ll learn about the benefits of flexible working for both employees and employers. Whether it is flextime or telecommuting, there are a number of benefits … When you need to stay back in the office, it is a horrible situation. In normal working, the major reasons for stress are overtime and not being able to focus on work. According to the US Department of Labor, “a flexible work schedule is an alternative to the traditional 9 to 5, 40-hour work week.”. by Jen Reeder . Your employees are assured of a stable monthly income and greater job security, although they may face some loss of overtime pay. The option also reduces employee turnover, absenteeism, and tardiness by allowing workers to flex hours around home and family obligations. One of the reasons employers often won’t allow staff to work flexibly is that … There are several different types of flexible work arrangements from which to choose, so knowing which options will work best for the office or an employee’s schedule is the key to unlocking the benefits of this opportunity. Daily Flexible Schedule Through a daily flexible schedule, employees have a couple of options at hand: Start early and finish early; Start working later and stay on duty later; Take extra time during their lunch … The pandemic has taught employees and employers that less traditional ways of working, such as virtual offices and cloud-based phone services like 8×8 are cost-effective. 1) Work/Life Balance. The Benefits of Flextime With our personal lives busier than ever, offering flexible work options to your employees could be the best way to keep the good ones around. At first glance, you may conclude that the 9/80 work schedule only benefits your employees. Having flexible work policies that allow my staffers to set their own schedules and work from home has enabled them to take time for doctor's appointments, children's activities, and all sorts of "life" moments. Courtesy of WorldAtWork . Benefits of Flexible Work Schedules 91% of HR professionals agreed that flexible work arrangements positively influence employee engagement, job satisfaction and retention. Consider … 7 Ways Employers & Employees Benefit From a Flexible Work. In another study, 98 percent of managers saw no negative drawbacks from implementing flexible work schedules. Giving up some control of work schedules gives increased employee morale, engagement, and commitment to the organization. 73% of employees said flexible work arrangements increased their satisfaction at work. A flexible work schedule can take on many forms – from telecommuting (working from home or a café) to working less than 40 hours per week or working 40 hours per week in less than 5 days. It is tangible proof that a company is willing to focus on the needs of their workers, and build a company culture which supports them while on the job. Everyone on our team is afforded the same flexibility, so everyone pitches in to help out when someone is away. According to a FlexJobs’ survey, "Working parents rank work-life balance (84 percent) ahead of salary (75 percent) when considering whether or not to take a job. A flexible work schedule is an alternative to the traditional 9-to-5, 40-hour work week. A flexible work schedule allows employees a level of autonomy to create their own schedules and find a work-life balance that works for them. In today’s world, work-life balance matters more than compensation — and that’s why having a flexible workplace has officially topped the charts of employee benefits. A flexible work schedule has many benefits to employees and employers alike. “Offering flexible schedules shows candidates that work/life balance is a priority at the company and may sway their decision to accept an offer or not,” he explains. While many flex schedule arrangements require employees to complete a minimum number of hours each week or work a percentage of their time during traditional hours, they’re also able to build a schedule around other commitments and achieve a better work-life balance. Next Article . What Are the Benefits of Flexible Work Schedules? FOR EMPLOYEES: Flexibility to better meet family and personal needs Reduced commuting time and gas expenses Have more control over your time schedule and working environment Can work during the hours that fit your energy cycles best FOR EMPLOYERS: Boosts employee morale Reduces tardiness and absenteeism Reduces employee turnover With flexible work schedules, employers experience benefits as well. There are three central flexible work arrangements: flexible locations, flexible schedule, and flexible time. Innovation, creativity and flexibility are important in order for Raytheon Technologies to be able to respond effectively to changing business needs. Raytheon Technologies also recognizes the importance of workplace flexibility for its employees. Such schedules help increase work productivity and job satisfaction. Educate yourself about the various flexible work options available and any applicable considerations in While there are many types of flexible work schedules, here are a few of the most common: Simply put, flexible work arrangements are alternate arrangements or schedules from the traditional working day and week. If you have a retail business or restaurant, you need to have employees at work when customers are there. Flexible work schedule allow you to optimise your costs and manpower resources, and avoid or minimise retrenchment of excess employees during a downturn. What is the benefit of flexible work for employers and employees? Here’s how. If you have a flexible work schedule you can be able to meet the day to day errands and take care of family members without any interference in work. Meetings … On the surface, it may seem like the worker gains the most with scheduling flexibility. 2. 44% of remote workers who enjoy unlimited vacation benefits only take two or three weeks off per year. Flexible work arrangements allow employees to alter, on a temporary or permanent basis, their work schedule, the number of hours they work or the location where they do their work, or to take leave from work to meet responsibilities outside of work. You guarantee employees two extra days off each month. There are numerous pros and cons to flex schedules for employees, as there are multiple advantages and disadvantages with working 9-to-5 or freelance work and so on. However, as the studies show, a flexible work schedule is becoming more common as more Millennials, and Generation Z employees are entering the workforce. What is Flexible Work? During this time when so many workers are forced to work at home, offering flexible working hours can be an important benefit both to your workers and for your business overall. 40% of people feel that a flexible schedule is the greatest benefit of remote work. Companies that offer this benefit are better able to attract the kind of top talent successful organizations run on. Increases Productivity. The stress keeps increasing and productivity keeps reducing. The luxury of the nontraditional schedule reduces stress - and when stress doesn’t get in the way, your startup will benefit. People want to have the ability to work a more flexible schedule for a multitude of reasons; most of which are a result… The Benefits of Flexible Working Hours. Employer Benefits From Flexible Work Schedules. Flexible work arrangements cover: the location of work, such as working from home or a satellite location the scheduling of work hours, such as modified work schedules or split work shifts the number of work hours, such as part time, job shares, reduced hours Advantages of a Flexible Schedule for Employees The benefits of a flexible schedule for employees are a lot more evident and easily identifiable than the benefits for employers. Under some policies, employees must work a prescribed number of hours a pay period and be present during a daily "core time." Employees benefit from flexible work schedules by obtaining more balance between their work and family commitments. … But there was always a rush at 4 p.m., right when the morning shift was supposed to end. Alternatively, employers may initiate various schedules to meet their customer needs. Flexible work schedules can be family-friendly, helping employees reduce stress and tardiness so they can tend to family matters, with 90% of telecommuters (in one survey) saying it better enables them to balance work and home life.