0 a system of working in which people work a set number of hours within a fixed period of time, but can change the time they start or finish work
1 a system of working in which employees can vary the time they start and finish work as long as they work the agreed number of hours
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.