What is Flexible Work Arrangements?

Flexible work arrangements

Flexible work arrangements, known as flextime, refers to work environment and schedules that don't have normal constraints of a traditional job. This arrangements take into account individual's personal needs and allow employees to better sync their work hours with their their personal responsibilities.

Most common example of flexible work arrangements is working from home aka home sourcing where employees work full-time from their homes. Other examples include job sharing, telecommuting and a compressed workweek.

Benefits of flexible work arrangements

Flexible work arrangements benfeit both the employee and the employer. Employees can achieve a better work-life balance, lower levels of absence and lower levels of stress. Iti s especially beneficial for parents, students, people with a second job or people with any other major life commitments.

Employers benefit from greater motivation and productivity, fewer overheads and an improvement in trust and the employer/employee relationship.

Risk factor in flexible work arrangements

Despite the benefits flexible work arrangements can provide too much employee freedom and cut their productivity.

In order to monitore and manage flexible work arrangements different HR softwares are becoming more popular as an easy way for employees to record, and managers to track, hours worked.

• Dimensions of diversity
• Medical savings account (MSA)
• Executive Search
• Supplemental Unemployment Benefits (SUB)
• Premium only plan (POP)
• Bradford Formula
• Expatriate
• Turnover rate
• Equal employment opportunity (EEO)
• Executive Recruiter
• Inbound Recruiting
• Benefits (benefits package)
• Nepotism
• Employee Engagement
• Business Casual Attire
• Transferable skills