Pros and Cons of having Flexible Work Shifts

Some companies offer the facility of flexible work shifts to their employees provided if the nature of their business operations permit them. Flexible Work Shift
An employee is allowed to select work hours as per his/her convenience. Many employees find it beneficial because it allows them to meet their personal obligations which otherwise wouldn’t have been possible particularly during the weekdays.
There are few benefits of having a flexible work shift for e.g. it can assist in reducing absenteeism and can also facilitate in keeping the workforce contended and more devoted towards the company. On the other hand, it can be comparatively costly for the company, as a conventional 9am – 5pm work shift can be more cost-effective. Besides, it should meet the needs of the business.
Please advise, what are the pros and cons of having a flexible work shift particularly on the part of the company?

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