Research Project Report on Impact of Work Life Balance on Motivation of Employees in IT Industry Submitted in Partial Fulfilment of MBA 2011-13 Submitted by Varun Krishna 11/PMB/056 CERTIFICATE FROM THE SUPERVISOR This is to certify that the project titled Impact of Work Life Balance on Motivation of Employees in IT Industry has been done under my supervision by Sukriti Singh, Shaily Saini, Varun Krishna of MBA IV semester (2011-2013). SIGNATURE Name of students 1. Sukriti Singh 2. Shaily Saini 3. Varun Krishna ACKNOWLEDGEMENT If words are considered as a symbol of approval and token of appreciation then let the …show more content…
The HCL team comprises 93,000 professionals of diverse nationalities, operating across 31 countries including 505 points of presence in India. HCL has global partnerships with several leading Fortune 1000 firms, including several IT and Technology majors. Of more than 3,000 technology companies in the Bloomberg database, there are only seven with revenue of more than $2.5 billion, a market capitalization of more than $5 billion, and a compounded annual growth rate greater than 25 per cent during the past five years. What has been the source of HCL’s success during this period of economic turmoil? A combination of technical expertise and an innovative management philosophy that unleashed the innovative thinking of empowered employees. As a $4.5 billion global company, HCL Technologies brings IT and engineering services expertise under one roof to solve complex business problems for its clients. Leveraging our extensive global offshore infrastructure and network of offices in 31 countries, we provide holistic, multi-service delivery in such industries as financial services, manufacturing, consumer services, public services and healthcare. A micro-vertical strategy, built on strong domain expertise, ensures that no matter how complex a company’s business problem is, we can offer a solution that is sustainable and innovation-driven. That innovation is fuelled by Employees First, a unique management approach that unshackles the creative energies of our 84,403 plus
Case Study Assignment KL Worldwide Enterprises Inc.: Putting Information Technology to Work Submitted by Mark Lemoine September 14th, 2012
As recognized by leading research and consulting firms with knowledgeable, skilled management, advanced state-of-the-art IT affords extraordinary opportunities for greater efficiencies, cost reduction, higher productivity, customer satisfaction, and profitability. Sophisticated IT applications realize their full potential with highly specialized technical knowledge and management skills readily available only in smaller firms focused primarily or exclusively on such applications.
Hewlett-Packard has a very interesting strategy that at the end is going to give them the respect of their clients. They say: “We believe in the talent and creativity of our people to develop and harness technology and services that can stimulate economies, elevate people from poverty and sickness, and help solve the world’s environmental challenges. We achieve this by fully integrating citizenship into our business strategy.”
HP, an expert in the hi-tech industry understands the fiercely competitive environment where technological and innovative advancements could create turbulent
Everyone has been told from one time or another – don’t bring your personal life to work, and vice-versa. Easier said than done. In our current economy, families are having to work harder, and longer thus leaving less time for family and creating stress and anxiety. One thing that has statistically shown why people are stressed at work and home – the instability of work-life balance. This paper exemplifies the barriers and measures one can take to secure the balance.
Do to the size and nature of HCA company complexity and immense information system, it’s vital for HCA to have an operating system that will enable them to operate efficiently and effectively. HCA’s current information system has several strengths but also has several weaknesses and noticeable areas of needed improvement.
Understanding this fact is critical in understanding how true work-life balance can benefit not just the employees but the company as well. When employees are in better control of their lives, are motivated and are able to manage stress better, the attendant productivity will ultimately, positively affect the organization within which these employees work. Achieving optimal work-life balance is critical to job satisfaction. Job satisfaction is the degree to which people enjoy their work. (Spector 1997). Singh 2013 identifies that job satisfaction reflects how well an individual is happy with various aspects of his job to which work-life balance is an aspect. The following factors make up a Work life Balance plan that should be implemented by the Jones Bank of Canada and caters to the varying needs of Baby boomers, Generation X and Millennials.
third largest cell phone manufacturers. About a year ago, Apple Inc. was larger publicly trading
The overall purpose of this project is to investigate if a work environment in which work life balance is anticipated and supported will provide positive impact on employees’ performance and attitude. In addition, this research will examine the current understanding of attitudes toward the concerns of work life balance across the gender roles. This review of qualitative data will provide answers to the following questions. First, would implementing a work life balance provide employees with a happier and
Companies whose organizational design supports its employees’ work-life balance may be more financially successful than those that does otherwise. Many employees consider work-life balance more important than the monetary reward. Employees with a balanced personal and professional life demonstrate a better job performance than those who feel “pressured” in either their personal or professional life. In ideal situations, employer demands and employee’s ideal work situation rarely meet the middle ground, those who do, perceive that they are in control.. The purpose of this paper is to analyze the Healthcare Clinic’s organizational design based on the employees’ work-life balance.
Today’s business world is constantly evolving, technology is improving exponentially and international business relations are a necessity for global companies to function. This is an amazing time we live in, society is fortunate that technology has enabled interaction across the globe. This communication technology also comes with challenges to maintain an acceptable level of balance between work and personal time management. Always being available, plugged into social media, email, text messages and calls; leads to information overload and little time for human minds to reflect upon the massive information coming in. This leaves people distracted constantly and not
When operating in an ever-changing world, a company must flow and learn to benefit from the external and internal forces. The modern business environment is unpredictable and usually corporations cannot fully forecast the demand and the outcome of various products or services (Geer-Frazier, 2014). However, in the case of HCL, its paramount strength was Mr. Nayar’s aptitude to foresee the change of the IT service environment and the external changes that were limiting HCL growth and market share.
The strong and decentralized IT department provides collaborative technology to support key strategy-activities like planning and marketing, business-to-consumer, e-commerce and R&D in every business unit of the company.
Work-life balance entails a proper prioritizing between "work" ( primarily career and aspirations ) and "lifestyle" ( pertaining to leisure, health, family and personal development ) activities. Of late, the organizations have come to realize the importance of work-life balance to improve productivity. The research by Kenexa Research Institute (2007) showed that the companies genuinely inclined towards efforts to support work-life balance in an organization indicated much lesser turnover, greater pride in the brand of the organization and the willingness to give the extra bit to work. It also indicated greater job satisfaction and recommendations to peers about
HCL Technologies (HCLT) , a $5.5 billion global company, is a leading IT and engineering service provider across different industries with its presence in 31 countries and employee strength of 95000 (Annual Report, 2013).