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Work-Life Balance

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Work-Life Balance in Corporate

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Work-Life Balance

Work-Life Balance

What is Work-Life Balance ?Work/Life Balance: A state of equilibrium in which the demands of both a persons job and personal life are equal.Why is W-L-B important?Juggling competing demands is tiring if not stressful and brings lower productivity, sickness, and absenteeism, so work/life balance is an issue for all employees and all organizations.Work/life balance from the employee viewpoint:The dilemma of managing work obligations and personal/family responsibilities.

Work/life balance from the employer viewpoint:The challenge of creating a supportive company culture where employees can focus on their jobs while at workWork/life programs: Programs (often financial or time-related) established by an employer that offer employees options to address work and personal responsibilities.

The Workforce

Employed men and women who are married and living with spouse and children. Dual career couples.Single-earner mothers and fathersSingle and childless employees with extensive responsibility for eldercareBlended families with children from both partners prior marriagesFamilies with shared custody of children Grandparents raising their grandchildren.

Dual Centric Individuals

Work Devotion vs Family Devotion

Features of Work Life Balance Programs Dependent care facilities Flextime Family leave above the CLand SL Telecommuting on a part-time basis Compressed workweeks

Organizational Benefits of Work Life BalanceEmployee Time SavedAbsenteeismEmployee RetentionIncreased Motivation and ProductivityDecreased Health Care Costs and Stress-Related Illnesses

Is there a need for Work Life Balance Programs and who are Work Life Balance programs targeted at?Are WLB initiatives industry specific? Are they restricted to a few industries? Do managers and supervisors understand the impact work/life balance has on their workforceWork devotion is both coercive and seductiveDo Employees make use of work life balance programs?It is easier for women to make avail of WLB initiatives than men.Do men achieve work life balance at the expense of women What are some of the unrevealed repercussions of WLB programs?Blanket WLB programs dont work? They have to be adapted and customized for employees.