Innovative Hr Practices to Maintain Work Life Balance of Employees

3342 WordsApr 6, 201014 Pages
INNOVATIVE HUMAN RESOURCE POLICIES FOR MAINTAINING WORK-LIFE BALANCE OF EMPLOYEES Author - [pic] Mr. Virendra Gadiwar, Miss Puja Shedge & Prof.Poonam Vatharkar. INDEX 1. INTRODUCTION......................................................................................................3 1.1. Background………………………………………………………………….3 1.2 Defining work life balance………………………………………………..….3 1.3 meaning………………………………………………………….…………..4 2. THEORETICAL FRAMEWORK …………………………………………………5 2.1 Importance……………………….……………………………………………..5 2.2…show more content…
The right balance for you when you are single will be different when you marry, or if you have children; when you start a new career versus when you are nearing retirement. 2. THEORETICAL FRAMEWORK : 2.1 Importance: 1) Productivity : Managers can increase the productivity of employees by responding to their need to balance work and personal obligations. This positive approach by managers can: ➢ Inspire increased loyalty and commitment from employees. ➢ Retain employees and make savings on the costs of employee turnover, training and absenteeism. ➢ Examine how work-life balance policies affect another variable such as job satisfaction or organizational commitment, and then correlate these variables to productivity. 2) Job Satisfaction : When work extends into family time, it can create stresses which then extend into the workforce. One meta-analysis suggests that there is a consistent negative relationship between work-family conflict and job satisfaction. As far as work-life balance policies can reduce the conflict between work and family, they can increase job satisfaction. There is no strong empirical evidence of a positive association between high employee satisfaction and high productivity, but job satisfaction does have a clear negative relationship to absence and turnover. A

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