What do you mean by Flexi time and how it is important for an organization?

What do you mean by Flexi time and how it is important for an organization?

Flextime means an employee is allowed to work according to his interest. He/she can select the hours he or she will work. This concept is introduced in order to suit the convenience of the workers without affecting the organizational functioning. It also helps in increasing productivity of the employee. It helps in decreasing absenteeism and reduction in employee turnover & increase in morale. Apart from this, it will decrease the overhead costs.