Flexible working arrangements (FWA) are both important and significant to workplaces in this twentyfirst century. Organizations are burdened with how to balance their employees work-life balance to enable them reduce all the attendant problems associated with them while ensuring efficient and effective performance. Hence, a lot of organizations offer flexible working arrangements to employees due to the benefits associated with flexibility both for the employees and employers. Greatly improved employee cum organizationalperformanceisone of the most common benefits. It equally facilitatesbalanced work-life resulting in reduced stress andincreased wellbeing for the employees and reduced absenteeism and employeeturnoverfor the organization. This paper aims at highlighting the various forms and general principles of flexible working arrangements and their effect on employee performance. Library research involving analytical discussion of secondary datais adopted as the methodology. It recommends that more research be conducted on the effects of employee-driven and employer-driven flexible work arrangements on organizational performance in order to substantiate the claim that effects of FWAs vary depending on the primary beneficiary.