Gen AI in Business - Global Trends Report 2024.pdf
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