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. Enterprise Resource Planning - ...

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

    A reduction in the amount of benefit payments received by a member ...
  6. Operational Efficiency

    A market condition that exists when participants can execute ...
Related Articles
  1. Active Trading Fundamentals

    Evaluating A Company's Management

  2. Options & Futures

    Should Employees Be Compensated With ...

  3. Entrepreneurship

    Reality Check: Why Startups Fail

  4. Options & Futures

    When Insiders Buy, Should Investors ...

Hot Definitions
  1. Capitulation

    When investors give up any previous gains in stock price by selling equities in an effort to get out of the market and into ...
  2. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  3. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  4. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  5. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  6. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
Trading Center