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Longman Dictionary of Contemporary English
flexitime
noun
EXAMPLES FROM CORPUS
▪ The group members used flexitime without clocks and effectively policed their own team discipline.
The Collaborative International Dictionary
flexitime

flexitime \flex"i*time`\, flextime \flex"time`\ flex time \flex" time`\, n. [short for flexible time.] A system of scheduling working hours in places of employment, which allows employees to arrive at and leave work at times of their own choice, providing that they work the required number of hours and usually requiring that they be present during certain hours, called core time.

Note: Certain workers prefer to arrive early and leave early, and others prefer to arrive late and leave late. Flex time is a way to accommodate such preferences, presumably improving employee morale, and also helps reduce traffic congestion during commmuting times.

Wiktionary
flexitime

n. An arrangement that allows employees to set their own working hours within agreed limits; normally must include certain periods (core time) when they must be at work.

Usage examples of "flexitime".

Softech had a flexitime system, which meant that you could quit for the week after putting in forty hours.