Flexible work arrangements are alternate work schedules that employees can arrange with their employer in order to better meet their personal, family, or customers’ needs. Examples of common flexible work arrangements:
Flex time – employees work a full day but can choose their start and finish times
Reduced hours/ part-time – employees work fewer than the standard 37.5 or 40 hours work week
Compressed work weeks – employees work for longer hours per day in exchange for a day off (ex: working 10 hours a day during a four-day week)
Job sharing – when two or more employees share the same job duties or job positions (may be a viable option for organizations with limited part-time positions available)
Leaves and Sabbaticals – authorized leave of absence without loss of employment rights (can be paid or unpaid leaves due to family, health care, education, or leisure reasons)
Flexible work arrangements can reduce employee absenteeism and sick days. It is estimated that the direct and indirect costs of absenteeism due to work-life conflict can cost Canadians approximately $4.5 to $10 billion per year.
Increased Productivity & Job Satisfaction
Employees can maintain better work-life balance by arranging flexible work schedules with their employers. This allows employees to better manage their responsibilities outside of work, therefore minimizing stress.
Attractive Work Environment for Employees
Workplaces with flexible work arrangements are more attractive to current employees, as well as future recruits. Introducing flexible work policies can increase employee retention, ensuring that your business retains high-performing and experienced employees.