Significance And Importance Of Work Life Balance

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Significance of Work Life Balance Work-life balance is about creating and maintaining supportive and healthy work environments, which will enable to have balance between work and personal responsibilities and thus strengthen employee loyalty and productivity. A recent survey conducted among 707 respondents selected on basis of 3S sampling by outlook business and MDRA to understand how corporate in India are balancing their work and life, shows some interesting findings which highlights importance of Work Life Balance among employees and specifically within females and Gen X employees. • A whopping 87% consider Work Life Balance as a precious commodity. • Employees need to balance their work and life at every stage of their life and thus companies…show more content…
• Majority of employees belonging to Gen Y admit that in order to manage familial responsibilities they would consider switching to other companies with flexi-work options. 31 20 11 11 Figure 8 In lie of above findings few work life balance strategies are being suggested in order to retain key talent in organization and gain utmost performance by ensuring wellbeing of its employees. Work life Balance strategies to achieve high Retention rate Attaining work-life balance is a holistic approach that takes into consideration management of multiple aspects of work as well one’s personal life. While it is the responsibility of both employees and employers to manage life effectively at the workplace and beyond, a 360-degree outlook, boosted with the right mindset and willingness to attain the balance is critical for this. Some of the strategies are suggested here in order to maintain physical and mental well being of employees and attain higher retention rate in…show more content…
So instead of creating a culture where everyone eats lunch at their desks, encourage your employees to take long lunches so they can recharge their batteries. • Invest in tools and technologies To stay on top of their ever-increasing workloads, many employees are forced to take work home with them which adversely affect work-life balance. By investing in the right tools and technologies, however, can make their jobs more manageable. By investing in the right tools, employees will likely be able to reclaim a good chunk of their days. • Energy management Work-life balance is largely driven by efficiency, which is not just time management, but also energy management. For better energy management, companies could conduct workshops for leaders and employees. Managing energy is a powerful additional way of streamlining our work life better. Energy Workshops are a unique concept with modules that aim to create a sustainable high-performance culture by extending to employees, ideas and tips to manage their energy more skillfully, so that it leads to better time and stress management. The idea here is that for individuals to recharge themselves, they have to recognize the costs of energy-depleting behaviours and then take responsibility for changing them, regardless of the circumstances they find themselves
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