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
Thirty-eight percent of Americans report some tension between their work and home lives. Today’s highly publicized work/life balance conflicts are multiple, and their nature differs significantly depending on the jobs individuals have and on their family situations. Tensions between work and family life clearly have implications for the well-being of individuals and their children and ramifications for society in general. Yet because the personal needs, desires, motivations, and economic circumstances of Americans are so varied, there appears to be no single way to resolve these tensions, no universal best practices with regard to work/life balance. For example,
It has been shown that employees who have a high satisfaction rate on the job or with the company that they work for, are less likely to leave the company that they work for compared to those who have a less satisfaction rate (Hellawell, 2012). As mentioned earlier, this would result not only in cost savings, but it would improve the overall relationship between the employee and the company. Employees that are committed and satisfied are not only not going to leave, they would also be able to contribute more and be more effective and efficient.
Two ways that a supervisor can promote productivity improvement for staff members is to provide employees with the necessary resources to effectively perform their work duties and to foster a work environment of open communication and trust. If a supervisor can provide the necessary training and resources to maintain employee training, employee productivity would maintain at a constant rate or productivity would improve. Well trained and knowledgeable employees translate into a productive work environment. Employees that are well versed in their roles and have the necessary training and resources are more effective and productive within their work environment. An open communication environment would also help employees maintain or increase productivity. If employees feel like they have a voice or their opinion matters, employees tend to be happier within the workplace. If a supervisor’s team of employees is unhappy or feel like there are no open lines of communication, quality of production may suffer or decrease. A supervisor could potentially promote productivity improvement whining his or her team by providing the necessary resources for success and maintain an open environment of communication. Both providing necessary resources for success and open lines of communication promote improvement and maintain higher levels of
If your work life is stressful, overwhelming, and you have a had a hard time at work recently, it will cross over and affect your family life if you do not have a balance between the two. If you are having a marital conflict, like filing for a divorce, it can affect your mood that you have at work and you will not work as well as you have in the past. Balance is a great work, every time I think of balancing work and family I think of a weighting scale (the one with the stand in the middle and the two bowls, one on each side of the stand), this visual helps me see how an unbalanced work and family life can negatively effect everyone around
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.
Ms. Isabel Rimanoczy made great points in this article. Though some may view her as a work body, she and I share a mutual understanding when it comes to work-life balance. Ms. Rimanoczy is not buying the idea that there is some sort of balance between the two aspects of our lives. “Work-life balance is dead” and it may be a good thing” (Rimanoczy, 2015). I agree with her statement because if anyone takes the time to think about it, they will soon come to terms with the idea that it really becomes impossible to separate work and personal life. Some of us grow up with moral values, standards, and family traditions carried on through religious beliefs. When we go to work we will bring along our character because our personal life defines us as
- More opportunity for employees to make a difference and provide conducive ideas and input.
In the textbook, Family Life Now, the author, Kelly J. Welch, discusses the ten strategies for family and work balance. Obviously, sometimes the stressors in life and the struggles that work brings can definitely effect people and inhibit a relationship from being successful. According to a 2001 study examining “47 married couples who appear to successfully manage both spheres” (Welch, 409), the 10 major strategies to balance family and work are as follows: “Value Family, Strive for Partnership, Derive Meaning from Work, Maintain Work Boundaries, Be Focused and Productive at Work, Prioritize Family Fun, Take Pride in Dual Earning, Live Simply, Learn to Say “No”, and Value Time” (Welch, 410). Out of these ten strategies, I would like to focus on the seven that I think are the most beneficial and necessary to have in a balanced relationship.
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.
Reduced staff turnover: If employees are unhappy in their workplace they are more likely to leave. This is not an efficient way for an organisation to be run because each time an employee leaves they will have to spend time training and watching new employees which can be very time consuming on all staff who in turn will not be able to work as productively. This also can potentially be costly for an organisation because whilst looking for new employees, to cope with work load, employers may have to hire staff from outside organisations which can be expensive but
Thesis: When there is a cohesive balance between work and family life, it leads to a more productive working environment and family atmosphere.
The importance and impact of work-life balance is very significant as it affects and benefits a person in many ways. Professor of Psychology at California Polytechnic State University at San Luis Obispo, Shawn Burn, summarized it well when she said, “Work-life balance is important because it affects the well-being of individuals, families, and communities. After all, people need time and energy to participate in family life, democracy, and community activities. They also need time outside of work for rejuvenation, and to develop and nurture friendships and their ‘non-work selves.’” This is to say that work-life balance affects the wellbeing of individuals both at work, and allows for major developments for the non-working self as well. It is important that the two roles, an individual’s working and non-working self, enrich each other and do not take away from one another. Applying this concept in life will allow an individual
In the workplace, advances in technology has allowed us to work in ways that weren’t possible in the past. Constraints like location, have become more of a non-issue, and we are more connected to the office than ever before. However, when it comes to balancing those capabilities with our personal lives, for some, that might be a daunting task. While times are indeed changing, technology isn’t hurting us, instead its allowing us to find more of a balance. A study by Accenture, titled “Defining Success,” found that technology played a large role in achieving work-life balance. More than three-quarters of the 4,100 business executives surveyed, thought technology enabled flexibility within their schedules. Eighty percent stating that a flexible work schedule is important to achieve a positive work-life balance.
The productivity of any organization depends on the satisfaction of the employees, as happier employees also make more profit as they work faster and harder.
In this essay, I will explore the relationship between the level of employee satisfaction and employee production. Firstly defining and explaining satisfaction and job performance as these variables are difficult to define, and a clear definition is critical for assessing the relationship between them. Secondly I will discuss some of the most significant studies in this area of research. I will then analyse various factors which determine the correlation between these two variables, focusing on the attitude-behaviour relationship as this gives an insight into how a higher level of satisfaction may link to greater production. Finally I will look into a set of different models which propose variations to the job satisfaction-performance