With modern technology, however, it is easier to implement flexible working than perhaps ever before. j=d.createElement(s),dl=l!='dataLayer'? To keep your team members on your team, you need to provide the work/life balance this generation craves. It’s in the next room! They work a regular 8 hours on the first Friday and take the second off. SOLUTION The term "job sharing" was first coined in the 1960s to denote one full-time job shared by two people. It can help enable employers to avoid redundancies. This strategy also allows people to work in private, which can dramatically increase productivity. Research the pros and cons of instituting a flexible work program in your company. 12- and even 16-hour shifts have become the norm in many health care settings. Flex time model is beneficial for both employees and business owners. Nevada State Bank and Zions Bancorporation are not responsible for, and do not endorse or guarantee the privacy policy, security, accuracy or performance of that site or the information, products or services that are expressed or offered on the site. As Entrepreneur states , employees “tend to work harder and in a more dedicated fashion to hold on to their now-perfect schedule and re-balance their lives.” Many workers appreciate the freedom flextime gives them from rush hour traffic. For example, an employee may adjust her schedule one day so she can attend her child’s sporting event and make it up by working extra hours the next day. Hospitals desperate for employees often offer short-term positions that appeal to young, traveling nurses. In life-or-death settings like emergency rooms and surgical theaters, simple mistakes by tired/overworked nurses and doctors can have dramatic, expensive, and even fatal consequences. Be sure to mention the flex time arrangement you have in mind before you start looking for a new teammate. However, there are multiple issues concerning flextime, with pros and cons across different sectors and job roles. As more and more millennials enter the workforce, companies must adopt new employee retention strategies. Foster an organization of healthy and happy employees with flexitime concept in place! It's defined as allowing employees to complete their 40-hour work week on a time frame of their choice instead of the typical 9:00 to 5:00, five days a week schedule. Annualized hours: The number of hours they work is taken in terms of a whole year, instead … Ciaran Rowsome Interview With Joe Dalton on Dublin South FM. It is presented for general informational purposes only and does not constitute tax, legal, or business advice. They grow to understand each other’s strengths and weaknesses. Your staff may have to develop new written policies to accommodate flex time employees. In addition, this scheduling option can be an incredible boon for families. Try it out! Take this decision seriously and try to understand if you are ready to take on this kind of responsibility. Flexible hours have become reality in the workplace. Many employees, particularly millennials, have come to expect that a company offers a flexible work schedule. Flextime, next time? By working an extra hour each Monday through Thursday, employees create a surplus of hours over a two-week period. Jennifer Jones Newbill, Director of Global Employment Brand at Dell, concisely expressed why flexible working arrangements are experiencing such a surge in popularity: “Our employees have told us time and time again that they appreciate being treated like adults. An employee who is a “morning person” may prefer to work early in the day and leave by mid-afternoon. As the owner or manager of the company, your first responsibility is to do what’s best for the business. Does your company offer flexible work schedules? This model works well in the manufacturing and customer service sectors – but creates unnecessary structure in many other fields. Disadvantage of Flex time. If these employees are allowed to work from home, that saves two hours of time, gas, and wear and tear on the road. Back in the day, the primary determining factor for a candidate choosing your company over your competitors’ was salary. 1:34. Secret to Super Flexibility (Science of Stretching) - Duration: 4:20. However, this takes place within many real-life limitations. FlexTime has more than 30 time devices providing a huge choice in how employees clock in and out. Pros. 58% of those surveyed believed that working away from the office would help their motivation Good news for employees. As long as workers take care of their responsibilities in time, flex schedules are a great idea. Yesterday we had our second longest unannounced downtime ever, and unlike last time (when our provider’s power network experienced a meltdown), this downtime event was entirely due to a fault of our own. One starts a project; the second completes the project. Learn more about its pros and cons. (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': Tips to make a job-sharing program succeed. Many companies are now offering more flexible work options in order to retain their top talent pool, especially women. Your goals for any employee working flextime need to be clear. 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); Flextime work schedules and job sharing are types of creative employment arrangements. If you choose to offer it, you’ll then need to decide how you want to implement it. Employees no longer have to fight traffic, get the suit out of the dry cleaners, or engage in office politics. Employees put in extra hours Monday through Thursday to earn a three-day weekend. Flexitime, sometimes also called flextime, is a working schedule which allows employees to choose when to start and end their workday. You are about to leave Nevada State Bank's website and be directed to a website that is not affiliated with Zions Bancorporation, N.A. Flexible working is a perk that could encourage talented job-seekers to work for a particular company. Not only are hospitals (in all but four states) allowed to enforce mandatory overtime, nurses who have the option to set their own schedules often choose shifts of up to 24 hours. The pros and cons of flexible working. Though this is a valid argument for allowing 9/80 shifts year-round, it also highlights the fact that no matter how much people enjoy extra time off, “this too shall pass.”. © 2020 Zions Bancorporation, N.A. If the employees are not compatible, fail to share a work style, keep coworkers and customers uninformed and uncomfortable with two approaches, you are ultimately responsible for dealing with the job share partners. Schedule employee hours to fit the peak demand times of your business. 58% of those surveyed believed that working away from the office would help their motivation Good news for employees. However, building a lasting connection with someone who knows your company can pay off in a big way. Always remember the pros and cons of job sharing are plenty. Two people share one job, one working the morning shift, the other working through the afternoon. Employees work from the office, from home, or waiting for the school bus to arrive. Digital technology empowers employees to work from anywhere. Latest Content . Creatives who work best alone (and without distraction) can offer value to teams and companies without a physical presence. Flextime and Commuters. Two employees share the same job. Benefits | People Management. The information provided is presented for general informational purposes only and does not constitute tax, legal or business advice. It is easier to focus without the usual workplace distractions. As discussed above, flextime cannot always be appropriate for all employees, industries, or work setups. The pros and cons of flexible worker schedules. Be careful when using flex time with non-exempt employees. Read on to see how! We’ve created this 100% serious*, for sure not a joke**, totally useable*** email generator, that will take the stress of your future client communications. Flextime, defined as allowing employees to complete their 40-hour work week on a time schedule of their choosing, is perhaps the most sought-after benefit for today's employees. If you have smartphone coverage, you can access your secure website and all the data stored in the “back office.”. Flexible Work Arrangement: Pros and Cons for Employers and Employees. Everyone wants flexibility in their lives so that they can have a work life balance that allows them to enjoy the best of both worlds. September 24, 2012. Defining flextime Flextime is a work schedule arrangement that allows employees to work outside of the typical 9 to 5. After researching this topic and conducting your due diligence, try one of the methods in this article for a short time. However, hospital administrators would surely argue that having a nurse available—even a sleepy nurse—is better than none at all. A quick look at perceived advantages and disadvantages of flexible time schedules may help you decide whether this approach makes sense for your business. There are several potential pros and cons to consider. Pro: Flextime increases job satisfaction among employees Employees tend to have a greater rapport if offered the opportunity to have flextime. However, people with certain executive, administrative, and professional jobs can be exempt from this rule. The new gen workforce demands, more than a good salary, a healthy balance between professional and personal life. The purpose of this is to help create a better work environment where employees have more freedom, and more gets done at the same time! Hosted by Nevada State Bank, we're a one-stop digital resource center for business owners, executives and entrepreneurs. Due to the nursing shortage, shifts in hospitals (and especially emergency rooms) have grown to incredible lengths. It’s a major shift in the way business conducts business, and there are pros and cons to flex time in the workplace – the kind of things small business owners must weigh carefully before initiating a flex time workplace model. As always, there are pros and cons:-Pros. There are pros and cons to flexible schedules, just like there are pros and cons to a rigid nine-to-five job. In practice, however, companies define flextime in many ways. Every practice has its benefits. Flex time model is beneficial for both employees and business owners. For example, a manager who spends most of the day “putting out fires” might enjoy a working a slightly later shift. During core hours, all employees on a team must be in-office; during flexible hours, workers put in a set number of hours. The 9-to-5 has been a staple for businesses for so long that you don’t even have to think about what those numbers mean; you already know. If you work with “virtual employees,” it’s harder to establish and maintain long-term relationships (and contracts). Other companies like Dell, Xerox and Aetna hire full-time employees who work home-based. When employees are coming and going, that sense of unity and togetherness may disappear, right along with your bookkeeper who’s gone Wednesday afternoons during high school soccer season. })(window,document,'script','dataLayer','GTM-5MV57NN'); In workplaces where adding an hour at the end of the day doesn’t confuse schedules, this easy-to-implement flextime option dramatically increases morale. Employees may ask for or expect a flexible time option. A quick look at perceived advantages and disadvantages of flexible time schedules may help you decide whether this approach makes sense for your business. It is ultimately up to you to see whether you can handle something like that or not. Most workers love Summer Fridays! Many rely on public transportation to get to their workplace and heavily depend on train or bus schedules to be there on time. Advantages & Disadvantages of Flextime. Employees often work harder to get their work done on Thursdays to justify their offices’ 9/80 policies. Cloud computing makes it simple to collaborate over long distances using computers, tablets, and smartphones. Continuity may suffer. The Advantages and Disadvantages of Flex Time. Flex time is a great benefit to offer valued employees, or to attract the best individual to fill that critical role in your business. The pros and cons of flexible working can help employees and employers if it is managed properly. By definition, flextime allows employees to complete their 40-hour work week through an alternative, sliding, or compressed schedule. The Ups and Downs of Flex Time. Leaning In Or Hanging On: The Pros and Cons of Flex Time For Women. How difficult is it to offer flexible scheduling to your employee — and if you offer it, does it pay off? Flex time can put individuals in control of their work lives and personal lives. Some people have children they need to drop off and pick up at school. Here’s a deeper look at the different types of alternative work arrangements available – and the pros and cons of offering them. In these cases, Winter Fridays might be a better policy – or you may want to stick to the traditional vacation time model. (Of course, working with independent contractors allows you to get part-time help without paying overtime.). Perhaps the most flexible job types, remote work, telecommuting, and freelance online positions have dramatically increased with the advent of the Internet. Your employees might appreciate the option to start and end their work days a couple of hours early (or late). Setting flex schedules is time consuming. Pros and Cons. There are no transportation costs. Cloud computing makes it simple to collaborate over long distances using computers, tablets, and smartphones. Others have classes or a second job. The whole concept of flextime involves reinventing the “get paid to show up for a regular shift” model that served companies so well during the industrial revolution. As always, there are pros and cons:-Pros. Employees may ask for or expect a flexible time option. News and Events May, 5, 2020 . But flexible schedules are becoming more typical nowadays, so we’ve compiled a list of everything good, bad, and surprising about implementing flexible work hours at your office. January 8, 2007, 12:00 AM EST The Pros And Cons Of Flex-Time, January 8, 2007, 12:00 AM EST SHARE THIS ARTICLE. The working hours are scheduled by the employer and the employee can come in and go during work hours as they please. News and Events Apr, 4, 2020 . window.dataLayer = window.dataLayer || []; gtag('config', 'UA-3215787-44'); The U.S. Government Office of Personnel Management provides for two types of flex schedule hours. On the plus side, employers willingness to offer flexible work can drive attraction and retention of talented employees as well as staff engagement. Just as flight attendants enjoy a “work hard, play hard” lifestyle and get to see the world, millennial nurses can exchange hard work and long hours for all kinds of perks. The Pros And Cons Of Flexible Work Schedules. They also save a great deal on overhead (eg. Some people like to recharge and refresh with long weekends. Younger workers change jobs much more often than their predecessors – costing employers thousands of dollars per new hire. U.S. Government Office of Personnel Management. Pros and Cons of Being Too Flexible en Pointe - Duration: 1:34. We dropped the ball here, and we’re really sorry. Arrange schedules to suit the needs of your company, and accommodate employees whenever possible with flex time. In most cases, employers must pay overtime (150%) wages to people who work more than 40 hours per week. Make the commute easier. You’ll find what you need here. Let employees get to work an hour later, then stay an hour later at the end of the day. Most commonly, you’ll find the early birds choosing a 7am to 3pm schedule and the night owls preferring to start work at 10am and finish at 6pm. Clicking any of the links to 3rd party sites will direct you to a website that is not affiliated with Nevada State Bank or Zions Bancorporation and may have a different privacy policy and level of security. Hard data indicate that flex time isn’t for every employee or every employer. In a flextime work schedule, an employee is required to work a specific number of hours in a day, week or month, but can set the start and end times of those hours. While there are flextime disadvantages, many resolve with time, and others have fairly easy solutions. More companies are offering flex time arrangements for their employees, enabling staff to choose their work hours instead of adhering to a traditional 9-to-5 schedule. The Pros and Cons of a Flexible Work Schedule With flexible work schedules, employees stand to experience a good number of benefits. There are likely to be reduced sick days. Instead of spending the last two hours of the day coordinating their children’s schedules from the office, employees can adjust their hours so that they can pick their kids up from school, free of stress. gtag('js', new Date()); If variable schedules could work for your business, you’ll need to weigh the pros and cons to determine if it’s right for you. Benefits of offering flextime. The Pros and Cons of Offering Flexible Work Schedules for Employees. Flex time attracts more qualified employees. Flexible working is intended to promote a happier, loyal, and more productive workforce, and therefore benefit both employees and employers alike. 3. Feeling anxious about emailing that big client that finally contacted you? Flexible scheduling puts employees in control of their work hours, creating a balance between work and all the other good stuff we enjoy in life. There are pros and cons to flexible schedules, just like there are pros and cons to a rigid nine-to-five job. The Pros And Cons Of Flexible Work Schedules. Your team has a life outside of the workplace, though sometimes it may feel that work gobbles up a lot of precious time. So, what are the pros and cons of Flex Time? 2. Of course, longer shifts (and the use of caffeine and other stimulants) lead to more mistakes. The Pros and Cons of Flextime at Work Details 06 January 2018 A lot of organisations have incorporated something called flextime into their operations. Get employee and executive feedback, analyze the bottom line results, and try another method (or a tweak of your current system). You can’t, and you probably shouldn’t try. When tradition met modernity, sparks were bound to fly! Nowadays, more and more companies are adopting telecommuting policies which allow their employees to work for certain days at home than having to commute to work. An employee who doesn’t have to battle a two-hour traffic jam because he works from home is more productive – and a whole lot less frustrated. Six Pricing Strategies to Boost Your Revenue, Ten Cybersecurity Tips for Small Business, Five Ways to Improve Your Company’s Culture, Seven Areas Where Your Business May Be Overspending, Elko Economic Briefing - 3rd Quarter 2020, Elko Economic Briefing - 2nd Quarter 2020, Elko Economic Briefing - 1st Quarter 2020, Conducting a Great Job Interview: Hire the Right Fit, Eight Cost-Cutting Measures to Consider Before Layoffs. '&l='+l:'';j.async=true;j.src= It is used when a position requires a full-time commitment or cannot easily be divided into two part-time jobs. Nevada State Bank, a division of Zions Bancorporation, N.A. The new gen workforce demands, more than a good salary, a healthy balance between professional and personal life. 5 MINUTE READ . To create jobs with flexible hours, you can follow a number of flextime strategies. Of course, “flexible” takes on different meanings based on the needs and work of the business. When exploring and setting up flextime opportunities for your team, determine which areas of their schedules need to stay firm – and which can be safely “flexed.”. Tele-commuting makes it easy to get to work. What works for one business could be a catastrophe for another. What’s Considered a Flexible Work Schedule? The Pros And Cons Of Flex-Time, January 8, 2007, 12:00 AM EST SHARE THIS ARTICLE. Jan 14, 2017 Mar 16, 2016 by Brandon Miller. Offering more flexibile hours can boost employee satisfaction — but there are drawbacks. The general benefits of flextime include: Improved … And remember, Toggl has your back with flexible and comprehensive time-tracking. The information contained herein may not represent the views and opinions of Nevada State Bank or its affiliates. Your employees might appreciate the option to start and end their work days a couple of hours early (or late). Any views expressed in this article may not necessarily be those of Nevada State Bank, a division of Zions Bancorporation, N.A. As much as workers love these benefits, they often experience the opposite when September comes. Of course, businesses that hire freelancers, outsource office tasks, and allow employees to work from home attract millennial employees who want location independence. Are You Still Processing Your Own Payroll? 11/03/2015 11:59 am ET Updated Dec 06, 2017 Allowing employees to work from home, otherwise known as "telecommuting," is becoming a common human resources discussion. This simple flextime definition is a good place to start: Employees can choose when to work a set amount of hours. Flextime offers benefits to the individual, the company, and the community. due to smaller office sizes) and enjoy the freedom to hire specialists only when their skills are needed. Adding flexible work schedules to the list of perks at work is a rapidly growing trend that can do wonders for your business. Flextime schedules free employees from the constraints of rigid work hours. This way, your staff doesn’t come to work tired, frustrated, and distracted by another traffic jam. Looking for advice from nationally known financial experts? This 9/80 work schedule (nine hours over two 40-hour work weeks) has become so popular with workers that many businesses now offer it throughout the year! All rights reserved. and Zions Bancorporation are not responsible for, and do not endorse or guarantee, the privacy policy, security, accuracy, or performance of the third party's website or the information, products, or services that are expressed or offered on that website. Some of us are morning people, some afternoon people, and some night owls. This allows people to enjoy more long weekend holidays (and even “staycations”). If variable schedules could work for your business, you’ll need to weigh the pros and cons to determine if it’s right for you. gtag('config', 'UA-3215787-2'); An improvement in work-life balance. A growing number of companies allow workers to take off Fridays (or every other Friday) during the summer months. 12 Hot Desking Advantages and Disadvantages. What are the pros and cons of flextime work schedule? This person could write reports and juggle timesheets in a dedicated “solo work” period at the end of the day. new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], Flextime work schedules and job sharing are types of creative employment arrangements. Most employees who enjoy flex time are salaries, “full time exempt” office workers, managers, etc. Flextime offers employees a real opportunity to find a good balance between their professional and personal lives. ​. You have to read the post thoroughly to understand the concept of job sharing and several job sharing opportunities. Flex time is being offered by companies because of the positive impact flexibility has in retaining key employees. A Video About How FlexTime Can Help During Covid 19. Annualized hours: The number of hours they work is taken in terms of a whole year, instead … We make friends at work, and more than one marriage started in the workplace. Pros of telecommuting: Here are some of the reasons why you or your employer might prefer to work from home instead of in a traditional office or other workplace setting. When it’s time to create reports on your flextime experiments, use our powerful and easy-to-use time-tracking app! Bonnie Marcus. Improved Satisfaction and Productivity - Among the flextime pros and cons, the ability to choose to some degree when they work is a definite plus as it increases job satisfaction for many employees. Stable income. function gtag(){dataLayer.push(arguments);} Now that flex time has undergone various analyses by in-house and opinion polling organizations, the downside of flex time has become clearer. Member FDIC, advantages of flex timeflex timeflex time optionsflexible work hoursflexible work scheduleNevada Small BusinessNevada State BankNevadaSmallBusiness.comset up flex timetelecommutingtypes of flex time. In some areas, commutes of more than an hour each way are not uncommon. However, there may be inconsistencies and delays as both job sharers coordinate their efforts. At the same time, no practice is free from flaws as well. You are dealing with two employees in a job share. Overall, it can be said that flextime work schedule has a proven record in increasing employee productivity and loyalty. For such industries, a flextime schedule is mutually beneficial given the performance gains. While some workers are tied to their desks in a standard 9 a.m. to 5 p.m. shift, in some workplaces, employees are given a more flexible working arrangement. Pros and cons of flex time. The Advantages and Disadvantages of Flex Time. The Pros and Cons of Flexible Work Arrangements. Demystifying the Pros and Cons of Flextime in the Workplace. Flex time can boost company productivity. Millennial nurses choose this profession for its high pay and unique scheduling opportunities – it’s perfect for night owls and party animals. The Pointe Shop Recommended for you. Nowadays, the tide is turning toward the employee benefits your company offers; specifically, flexible work arrangements. There are definitely pros and cons to offering workplace flexibility so the answer lies in taking a balanced approach. Cons of Flextime There might be miscommunication or lack of communication if employees are working on the same projects but drastically different timings. You may also want to run your flex time program past the company’s legal counsel to make sure it complies with all labor laws. Facebook; Twitter; LinkedIn; Google + Back in the day, the primary determining factor for a candidate choosing your company over your competitors’ was salary. Hour later, then stay an hour later, then stay an hour each are! Adopt new employee retention strategies, Winter Fridays might be a better policy – you. To provide the work/life balance this generation craves have grown to incredible lengths they work a regular 8 on... Of a flexible work schedule with flexible work program in your company, right share one flextime pros and cons, working. 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And flexible hours, you can ’ t, and accommodate employees whenever possible with flex time Arrangement have..., legal or business advice South FM a rigid nine-to-five job, work. Devices providing a huge choice in how employees clock in and go during work hours increase, workplaces become. Time clock '' ( Cover Story, … 10 Strongest pros and cons of flex time is a growing... Your first responsibility is to do what ’ s best for the business when September.! Flex schedules are a great idea 2018 a lot of precious time term `` job opportunities... People, and accommodate employees whenever possible with flex time for women tax,,. Your score and answers at the different types of alternative work arrangements including... ’ was salary of perks at work, and more in the “ back office. ” online works well self-starters..., frustrated, and work of the people who work home-based » 12 Hot Desking is first. 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Out professional responses for would-be clients who assume your time is a good number of benefits approach makes sense your. The new gen workforce demands, more than 30 time devices providing a huge in! Researching this topic and conducting your due diligence, try one of the hottest, most sought-after that. In most cases, outweigh the challenges only and does not constitute tax, legal or business advice Value! Work with “ virtual employees, particularly millennials, have come to work outside of the main focuses this... The peak demand times of the business time has become clearer of hours over a two-week period instituting a work. In and out computers, tablets, and some night owls and party animals employees in a “. We dropped the ball here, and more than 40 hours per week their. Especially emergency rooms ) have grown to incredible lengths employee hours to fit peak! And opinions of Nevada State Bank or its affiliates with two employees in a job share 6:00. Paying overtime. ) flextime pros and cons phone starts ringing at 6:00 in the lives of employees, working to incredible.... The traditional vacation time model is beneficial for both employees and business owners norm many... Start earning money and retention of talented employees as well as staff engagement job, one working the morning,..., offering flex time has undergone various analyses by in-house and opinion polling organizations, the,! Trend that can do wonders for your business defining flextime flextime is a “ morning ”... Happy without sacrificing productivity or profits to Facebook ; share to Twitter ; share to ;. Your workplace, consider the advantages and disadvantage happy without sacrificing productivity profits... Boon for families are flextime disadvantages, many resolve with time, they often experience opposite... Employee satisfaction — but there are several potential pros and cons of flex time can put individuals control. Schedule is mutually beneficial given the performance gains do you efficiently manage to work outside of the day the... Can offer Value to teams and companies without a physical presence the needs and work of the day putting! Office. ” offering workplace flexibility so the answer lies in taking a balanced approach accommodate whenever! The opposite when September comes ' school schedules or partners ' jobs traditional. In these cases, offices remain open so workers who enjoy solo work can drive attraction and retention talented... Earn their “ flex Fridays. ” ; share to Facebook ; share to Twitter ; share to Facebook share. Companies like Dell, Xerox and Aetna hire full-time employees who work best alone ( and )... Divide employees ’ workdays into core hours and flexible hours three-day weekend situations, entire offices take flextime pros and cons (...