Explanation
The modern work environment has brought with its flexibility in the work timings and workplaces.

The flexibility of work may have the following benefits:

When employees are given the freedom to work according to the preferred time and space, it motivates them, which results in employee satisfaction.
Employees would like to work in the preferred time comfortably in organizations that provide flexible schedules. So, such employees would be encouraged to continue the job, leading to a reduction in turnover rate.
The employees may be able to perform without stress and in a comfort zone, which may not hamper the work. When work is done without pressure or stress, the employees put in more energy and become more productive.
Employees always prefer work that does not hinder their work-life balance or does not demand round-the-clock working hours.

Flexibility in work time may be unbeneficial in the following ways:

The absence of employees from office premises may cause difficulty ineffective communication, which may affect the quality of work.
While employees enjoy working in their own style, they may provide individual contributions. However, teamwork may suffer as all the members may not be available at the same time and same place.
Sample Response
In recent times, the style of working has changed to match the needs of the technology-driven economy.

The pros of giving flexibility in work time are:

Improved employee morale.
Reduction in turnover rate.
Increase in productivity.
Improved work-life balance

The cons of giving flexibility in work time are:

Difficulty in communication
Difficulty in working with teams