Flex Time

Flextime is the practice of letting employees have some control over their working hours. The flexible periods are at either end of the working day, usually with mandatory "core hours" in the middle (eg. 11am-2pm).

Some variations of flextime are:

Fixed hours set by the employee for a given period
Flexible start times as long as they work 8 hours a day
Flexible start and end times as long as they work 40 hours a week
Complete flexibility as long as they work 40 hours a week

Studies show that companies with a flextime policy have:

less lateness and absenteeism
lower staff turnover (and therefore, less recruitment costs)
higher employee morale
higher commitment to the company
better job satisfaction
better customer satisfaction
a greater capacity to meet deadlines