WORK LIFE BALANCE
Benefits of work life balance to a business
(i) Reduced stress, absenteeism and health costs
Employees today are generally more stressed which reduce performance levels.
Absenteeism due to family commitments and stress could be a major reason for low performance
Work-Life initiatives improves employee performance by reducing absenteeism, lateness, health
care and sick-leave and hence their related costs.
People who are free of worry about what is going on at home can be more productive at work.
(ii) Improved staff morale and engagement
Work-Life helps employees lead a healthier and more balanced life by allowing them to better
concentrate at work, improving the work environment by increasing motivation and job
Other studies have shown that improved staff morale lead to more committed staff and better
(iii) Improved customer satisfaction
Better customer response is possible through telecommuting and the longer operating hours that
can be arranged by giving employees flexibility.
At the same time, more motivated employees who have their personal needs addressed are more
likely to go the extra mile to keep customers happy.
(iv) Reduced costs
Office rental and utilities savings due to telecommuting are the strongest quantitative researches
to show the financial benefits of Work-Life Programmes.
(v) Improved recruitment, retention and reduced turnover:
Work-Life initiatives give organisations a human face that allows prospective employees to
distinguish one employer from another.
To attract employees and hold on to them, forward thinking companies are letting their
employees know that they are just as concerned about their employees lives outside work and
about helping them to manage their work and personal commitments and aspirations.
Work-Life Programme’s key advantage is therefore positive branding in recruitment and
retention of talent. Employee referrals also increase.
(vi) Becoming an employer of choice