Flexible working allows employees to determine how, when, and where they work. There are three main flexible working arrangements: full-time, part-time, and career flexibility. Full-time options include flexible hours, teleworking, time banks, and compressed work weeks. Part-time options include reduced hours and job sharing. Career flexibility allows changes in career or breaks without penalties. Flexible working has pros for both employees and employers like improved work-life balance, reduced costs, and increased productivity and morale. However, flexible working also has cons such as increased utility costs, difficulties tracking time, and potential communication issues.