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Work Life Strategies and Govt Grants (Benefits (Attract and/or retain…
Work Life Strategies and Govt Grants
Definition
Work-Life Strategies refer to measures and initiatives which you put in place to enable your staff to better manage responsibilities at work alongside their family and personal needs. Work-Life Strategies that work are well-thought-out initiatives that cater to both the organisation’s and your employee’s specific needs. You also need proper guidelines for a sustainable and effective implementation.
Importance
Singapore’s workforce today is multi-faceted, with groups from various age groups, and cultural backgrounds, who are at different life stages and have had different experiences. Organisations have been quick in recognising that meeting the diverse range of employee needs across their various life stages through Work-Life Programmes can be a strategic business tool for win-win outcomes in today’s competitive business environment.
The importance of human capital and the increased competition for talent means that an effective Work-Life Strategy can provide employees with the necessary programmes to integrate various aspects of their lives while meeting work targets. This can give the organisation a significant edge in talent attraction and retention.
Benefits
Attract and/or retain talent
Raise morale
Increase productivity
Save on real estate and overhead expenses
Reduce healthcare costs
Provide work flexibility in response to changing employee needs
Increase commitment
Combat burnout
Be an Employer of Choice
Stay ahead of the competition
Four Steps
Step 1: Establish the need to implement/ modify a Work-Life Strategy
Step 2: Assess business needs and employees’ work-life needs
Step 3: Implement work-life programmes
FWAs
-Compressed Work Schedule
-Creative Scheduling
-Employees’ Choice of Days Off
-Flexible Hours
-Flexi-Shift
-Flexi-Time/Staggered Start and End Time
-Interim Work
-Job Sharing
Etc
Leave Benefits
-Bereavement Leave
-Birthday Leave
-Block Leave
-Career Break Leave
-Childcare Leave
-Compassionate Leave
-Eldercare Sick Leave
-Emergency Leave
-Extended Childcare Leave
Etc
Employee Support Schemes
Bring Children To Work Day
Bursaries
Childcare Arrangements
Childcare Subsidies
Concierge Service
Corporate Gym Membership
Corporate Membership for Recreational Activities & Attractions
Counselling Services/Hotline for Employee Assistance
Cross-Functional Work-Life Committee
Drycleaning Services
Eat With Your Family Day
Eldercare Arrangements
Eldercare Subsidies
Employee Benefits & Discounts
Family Childcare Network
Etc
Step 4: Evaluate work-life programmes
Work Life Grant for Flexible Work Arrangements
The Developmental Grant
The FWA Incentive