Although one-third of employers say the cost of implementing a flexible work arrangement for their employees has prevented them from doing so, a report by the Council of Economic Advisors argues that the benefits of implementing such a plan can outweigh the costs.

The authors acknowledge that flexible schedules are inappropriate in some instances, but argue that, for some employers, flexible work schedules can reduce turnover and absenteeism, and improve productivity. According to the report, workers with flexible schedules reported "higher levels of job satisfaction, more loyalty and commitment to their employers, and 'high likelihood[s]' of remaining with their employers for the following year."

The report cites a survey that shows 34 percent of workers have taken a day off simply because they didn't want to go to work that day. Another study found that workers who switched from a company with a flexible schedule to one without missed more work with their employers.

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