Flextime

AAA

DEFINITION of 'Flextime'

A work policy maintained by certain employers allowing employees to choose the times in which they work during the day. Flextime may mandate that employees being in the office during certain hours to allow for meetings and collaboration. However, flexibility is allowed for employees to schedule the remainder of their work day depending on their preferences.

INVESTOPEDIA EXPLAINS 'Flextime'

Ordinarily flextime still requires that employees maintain a certain number of total hours worked (for example 40 hours per week). However, even more progressive work systems may disregard work hours as a measure of productivity, and simply require that all of the employee's work be accomplished. Flextime works best when work is either highly individual in nature or information technology allows opportunities for asynchronous collaboration.

RELATED TERMS
  1. Bill Of Materials - BOM

    A comprehensive list of raw materials, components and assemblies ...
  2. Manufacturing Production

    The creation and assembly of components and finished products ...
  3. Manufacturing Resource Planning ...

    An integrated information system used by businesses. Manufacturing ...
  4. Operational Efficiency

    A market condition that exists when participants can execute ...
  5. Enterprise Resource Planning - ...

    A process by which a company (often a manufacturer) manages and ...
  6. Benefit Offset

    A reduction in the amount of benefit payments received by a member ...
Related Articles
  1. Evaluating A Company's Management
    Active Trading Fundamentals

    Evaluating A Company's Management

  2. Should Employees Be Compensated With ...
    Options & Futures

    Should Employees Be Compensated With ...

  3. Reality Check: Why Startups Fail
    Entrepreneurship

    Reality Check: Why Startups Fail

  4. When Insiders Buy, Should Investors ...
    Options & Futures

    When Insiders Buy, Should Investors ...

comments powered by Disqus
Hot Definitions
  1. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  2. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  3. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  4. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  5. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
  6. Limit-On-Open Order - LOO

    A type of limit order to buy or sell shares at the market open if the market price meets the limit condition. This type of ...
Trading Center