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Work-Life Balance/Strategies (Work-Life Balance Strategies (Organization),…
Work-Life Balance/Strategies
Definition
method to help employees balance personal and professional lives. encourages employees to divide their time and maintain a balance between their family and career.
Importance
promote good personal health and relationships as well as improving the efficiency and consistency of the work performance by employees.
Equal attention given to both work related and family matters
Fewer health problems
Less susceptible to burnouts
Benefits of Work-Life Balance (Employees)
Improvements in health and overall well-being
Increased focus, motivation and job satisfaction
Improved on-the-job and off-the-job relationship
Personal VS Professional Life
Personal Life : relationships, leisure time, rest and rejuvenation, entertainment, family time as well as health and fitness
Professional Life : career, business or job. It is often associated with success and wealth
Work-Life Balance Strategies (Organization)
Compressed Workweek
arrangement of work hours that entitles employees to fulfill their work obligations by reducing a standard five-day workweek to a fewer number of days
Telecommuting
work arrangement where "telecommuters/teleworkers" can stay at home and perform their job responsibilities on a computer or other electronic devices that connect them to the office
Flextime
practice of permitting employees within the company to choose their own working hours based on their preference but within certain limitations
Job Sharing
alternative work schedule in which two employees voluntarily share the responsibilities of one full time job, and receive salary and benefits according to their contributions to the job
Work-Life Balance Schemes (Government)
Flexi-Works! Fund
grant that is given to businesses in order to encourage employers to hire their staff on a part-time basis or on flexible-work arrangements
Work-Life Works! Fund
one-time grant that is given to businesses in order to encourage employers to implement work-life strategies at the workplace
Work-Life Balance Incentives (Government)
Enhanced Work Life Grant
FWA Incentive
Incentivise companies to sustain implementation of FWAs for their local employees.
Job Sharing Incentive
Incentivise employers to implement job sharing for employees at PMET-level before job sharing arrangement.
Work-Life Balance Strategies Implementation Process
Design Work-Life Programmes
Establish The Need
Evaluate Work-Life Programmes
Assess Business and Employee Needs
Benefits of Work-Life Balance (Organization)
Better teamwork and communication
Reduction in staff turnover and recruitment costs
Increased productivity