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As a post doc, depending on your supervision you can work whenever you want
Flexible working policy is a little erratic. It seems to be more at the discretion of individual's line manager than a polilcy set by the institution as a whole.
Great for those with children, school runs etc
Outside of core working hours, flexible working is offered to make work more convenient to those with other commitments- i.e. childcare, etc.
You are allowed to work from home if your line manager agrees. You do not need to be present on campus all time.
Flexible working very much depends on the department. For example, within my department, working from home is prohibited under any circumstances. Colleagues caring for sick children but who could be working, are forced to take this time as annual leave. Whereas elsewhere in the University people routinely work from home.
really flexible around personal needs, some departments have flexi where you can accrue hours
best thing is you have flexibility to work with your convenience. but cons is if everyone in team has flexibility, its very difficult to get everyone on same page
As a student, I had to work around my timetable and it was great to be able to negotiate the times when I could work; the managers were always understanding regarding my availability.