IPA: //ˈflɛkstaɪm//
KK: /ˈflɛkstaɪm/
A work schedule that allows employees to choose their starting and finishing times, rather than having fixed hours.
Many companies now offer flexitime to help employees balance their work and personal lives.
Flexitime → It is formed from "flexi-" (from Latin "flexibilis", meaning capable of being bent) and "time" (from Old English "tima", meaning a period or duration). The word "flexitime" refers to a work schedule that allows for flexible hours, hence the capability to bend the traditional time structure.
Think of being able to 'bend' your work hours ('flexi-') around a 'time' schedule, which is what flexitime allows.
No commonly confused words.