Flexitime
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Flexitime is a flexible working arrangement where employees have core working hours but can choose their start and end times each day, subject to working a certain number of hours total. Under flexitime, employees have flexibility to arrive and depart within a range of hours outside the core period. Flexitime allows employees to balance work and personal commitments while helping organizations operate more efficiently and attract and retain top talent. However, flexitime requires buy-in from managers and a culture where employees are self-motivated and trust is built.
Flexitime
- 1. FLEXITIME? Flexitime is a scheme where an organization gives its employees the opportunity of a flexible working hours arrangement Under flexi time, there is normally a core period of the day when employees must be at work (e.g. between 10 am and 4pm), whilst the rest of the working day is "flexi time", in which staff can choose when they work, subject to achieving total daily, weekly or monthly hours. An employee must work between the basic core hours and has the flexibility to clock in / out between the other hours.
- 2. WHAT IS FLEX?? A series of arrangements that enable your employees to work when, where & how they need to work A performance tool that encourages your organization to become more result based, more transparent A retention tool that enables employees to continue to deliver value to organization An attitude that embodies trust & communication
- 3. COMMON FLEXIBLE WORK ARRANGEMENTS Compressed work week Flextime Job sharing: An arrangement in which 2 or more part time employees share the responsibilities of full time job Part time work Telecommuting: regularly work at home or at an alternative worksite during part or all of a work schedule
- 4. TECHNOLOGY FOR FLEXTIME IM (MSN, yahoo, gtalk, skype) Email Basecamp File sharing (Google docs, Google calendar) WIKIs Virtual meeting software Teleconferencing
- 5. BENEFITS OF FLEXI TIME Benefits to your organization Greater staff morale and job satisfaction. Reduces stress and fatigue and unfocussed employees Increases employee satisfaction and production Greater staff retention and increased ability to attract new staff. Recruitment costs are thus reduced. Ability to attract a higher level of skills because the business is able to attract and retain a skilled and more diverse workforce. Measures employee’s attendance – you only pay or time in attendance (delayed arrival caused by traffic congestion, delayed trains etc. are at employees expense) An incentive to complete tasks instead of being carried forward to the next day as extra hours worked count towards the final target Provides greater coverage in a 24/7 global economy Increased customer satisfaction and loyalty as a result of the above. Combatting The Downturn - Pay matters can now be weighed against now offering flexible working hours and arrangements.
- 6. Benefits to your employees Improves productivity & performance Increased opportunity to fit other commitments and activities in with work, and make better use of their free time. Lowers stress & employees are more in control of their workloads, and manage a better balance between life and work. Allows you to schedule your travel; time to avoid congestion Allows you bank time to be used for leisure/personal activities Avoid the stress of commuting at peak times if their start and finish times are staggered or if they work from home Personal matters can be sorted without having to take time off Helpful for people caring for children or other dependants, but others may find flexible working helpful too
- 7. GENERAL OBSTACLES TO IMPLEMENTATION Nature of work Managers perceptions & abilities Culture of workplace & how work is done Employee concerns
- 8. WHEN TO OPT FOR FLEXTIME?? Must meet business needs More common among professional staff Must achieve performance expectation Where managers & co-workers are trained about how flexibility can help them achieve their business goals Where employees are self-disciplined, self motivated & have strong work ethic
- 9. THINGS TO CONSIDER IN FWA Strengths: Direct improvements in quality & quantity of work Indirect improvements in job satisfaction, turnover organizational commitment Reduced Infrastructure costs Improved reputation as an “Employer” & Weaknesses: Not having the right technology Organizational commitment Misuse of the system by employees Administration of the system may make demands upon a HR department and create additional workload.
- 10. Opportunities: It is the hour of the need to change It is the right time to act Helpful for organization working 24/7 Helps to attract talented workforce in diverse locations Threats: The shift in mindset required Not giving equal opportunity to all employees Perceived costs Is it easily accessible for all employees
- 11. SOME FACTS AND FIGURES Spending time with family has become the priority of at least 85 per cent employees surveyed, provided they are able to reduce the travel time to reach office. This was followed by devoting time for exercising and getting fitter by 83 per cent of employees surveyed. Importantly, in India, where 70 per cent of New Delhi inhabitants report traffic is a key inhibitor to work performance, workers reveal that the time saved on commuting would be spent on health and well-being activities such as getting fitter at the gym and spending time with family. The survey noted that a 51 per cent of respondent are being provided with an option to work from locations other than their company's main offices for at least half a week helping them reduce the overall time spent on commuting. Interestingly, the study said that 72 per cent of employees surveyed would also work harder, benefiting the company, if they could reduce their commute. The study also reveals that if businesses were to extend flexible working practices for their staff, not only would employee health, morale and loyalty improve, but also overall productivity as staff would work more. "2012 National Study of Employers" conducted by the SHRM and the Families & Work Institute found that 63% of employers allow workers to work at home at least occasionally, up from 34% in 2005.
- 12. CONCLUSION FWA can help you achieve your Business goals FWA offers a wide range of business benefits FWA provide an alternative to layoffs