Which Flextimer Are You? [Infographic]
MAY 06, 2021
We email before breakfast and after dinner. We hold meetings from cars, bedrooms and street corners. And anything from a coffee shop to an airport lounge can be an office — as long as it's got speedy Wi-Fi and a free outlet.
As the borders between work and life continue to erode, the Industrial Age concept of a traditional 9-to-5 workday suddenly seems almost quaint.
(Click to enlarge)
Constant connectivity has a dark side (see: overwhelmed employees), of course, but it also paves the way for something overwhelmingly positive: more customizable, human-focused schedules. Flextime policies, which reinforce a company's commitment to work-life balance, are powerful recruitment and retention incentives. And when implemented effectively, a recent study from the University of Minnesota found, they help employees feel more in control and supported by their managers.
But what, exactly, does a workday on flextime look like? As our latest infographic shows, flextime policies are particularly attractive for three types of workers: Millennials, working parents and semi-retirees. And for each demographic, a personalized schedule might play out in very different ways.
For Millennials (and, soon, Generation Z), flexible schedules are less a perk, more a requirement — reflecting a general disillusionment with the concept of the 9-to-5 grind. A Price Waterhouse Cooper report recently found that Millennials, as a whole, are "unwilling to commit to making their work lives an exclusive priority." They expect to be evaluated on performance, not hours logged. They value the opportunity to start their work later in the day, or work later in the night, as they see fit.
Without flextime, the average working mom with a full-time job and young children works 33.8 hours a week, according the Bureau of Labor Statistics' American Time Use Survey. For many working parents, a flexible schedule is the only way to "have it all." Given the freedom to organize their own workdays, parents can tag-team child-rearing responsibilities and log full-time hours while still managing to be home in time for dinner or present at a soccer game. The key, many find, is leaving work earlier than co-workers and finishing up the workday after children's bedtimes.
The concept of an all-or-nothing retirement is becoming as irrelevant as the 9-to-5. Nearly two-thirds of workers ages 16 to 64 say they prefer a gradual transition to retirement, according to a survey by the Transamerica Center for Retirement Studies. Flextime arrangements allow Baby Boomers to make a more gradual downshift: reducing hours over time, taking a more project-based approach to work and accommodating caregiving needs for ailing parents.
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