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The bank also experimented with flextime (to share office space) and telecommuting via virtual private networking.
For employers, flextime can aid the recruitment and retention of staff.
In certain industries and disciplines, such as information technology, flextime permits workers to vary their schedule.
In addition, the employer will usually require that a flextime employee works a minimum number of hours each week.
In particular, the new rules would have allowed more companies to offer flextime to their workers in lieu of overtime.
In recent years, the term flextime has acquired a more controversial definition when used to describe proposals to overhaul the nation's overtime regulations.
Flextime can give employees greater freedom to organize their working lives to suit personal needs.
Other groups of workers for whom flextime arrangements are rare include those who serve the public during specific opening times.
Flextime is also beneficial to workers pursuing an education.
A flextime policy allows staff to determine when they will work, while a flexplace policy allows staff to determine where they will work.
Part-time work and flextime or more flexible arrangements are seen as hallmarks of the mommy track, since they point to women not being in the workplace full-time.
