Understanding Comp Time: Guidelines for Employers
Understanding Comp Time: Guidelines for Employers Compensatory time off, or “comp time,” is often misused by employers who don’t understand Fair...
In a job market with low unemployment rates, it’s becoming increasingly difficult for organizations to find incentives to attract top talent. One strategy that won’t cost you more money but will be appealing to many candidates is offering flex time. This is a wonderful opportunity for employees facing challenges such as getting their kids to daycare or for those who want to avoid traffic.
When staff are not tied down to a 9 to 5 schedule, they enjoy a better quality of life without interfering with your operation and production. Here we look at flex time to help you decide if it makes sense for your business.
Flextime allows employees to adjust their start and end times to create a schedule that suits their lifestyle. They work the agreed-upon number of scheduled hours based on an agreed-upon schedule. Some flextime models include:
The goal is to find a mutually agreeable time that does not interfere with productivity. Setting mandatory hours where everyone must be present such as between 11 and 3 ensures the team continues to remain productive.
There are many advantages to flex time including:
You allow people the freedom to complete their work at a time that suits them to keep them more engaged.
There are some disadvantages to flex time to consider:
The trick is using time and workflow management software to keep employees accountable while improving productivity.
A flex-time policy has to be introduced to ensure flex-time success. This would include any restrictions on the hours employees can work, as well as the process to submit hour change requests to the department head. A flexible work schedule form allows the process to be automated for easy completion, review, approvals and sharing with all necessary departments. A time clock also allows department heads to keep track of hours to ensure workers are checking in at the assigned start time.
Time, attendance and scheduling modules offer a comprehensive platform where all scheduling solutions are connected and accessible. As well, new flex hours should be on a trial basis. This ensures the privilege to work flex hours is taken away if a worker fails to fulfill their job roles to the same level of work expected.
Although not for everyone, the flex time model can prove to be an excellent tool to motivate and retain workers while attracting top talent.
About the Author
Kayla is the Marketing Manager at Paypro Corporation overseeing all inbound and outbound marketing and sales efforts. She has 7+ years of experience working within the B2B and SaaS based solutions space and thrives on creating messaging and campaigns that introduce products and services to those who need them most.
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