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Work-Life Balance (How To Implement Work-Life Balance (Step 2: Assess…
Work-Life Balance
Definition
Work life balance is a method which helps employees of an organization to balance their personal and professional lives.
Work life balance encourages employees to divide their time on the basis of priorities and maintain a balance by devoting time to family, health, vacations etc along with making a career, business travel etc
Importance
Improved Retention rate
Increased employee productivity
Higher levels of engagement
Lower absenteeism or sick leave
Increased ability to attract talent
Reduces conflicts among coworkers
How To Implement Work-Life Balance
Step 2: Assess Business and Employee Needs
Business needs include organisational values, business objectives and operational standards.Employee needs depend on their demographic profiles (e.g. young parents will have different priorities compared to employees near retirement)
Step 4: Evaluate Work-Life Programmes
After implementation, you should evaluate the entire programme. Two key issues to consider are how well identified business objectives have been satisfied, and whether employee needs have been met.
You may use the following quantitative and qualitative measures to evaluate your work-life programme
Step 1: Establish the need
Work-life strategy is a business strategy. Do build this as part of your organisation’s workforce and talent strategy and obtain top management’s buy-in.
Step 3: Design Work-Life Programmes
3 broad categories: Flexible Work Arrangement, Leave Schemes and Employee Support Scheme
Government Initiatives
Leave Schemes
Personal Leave
: Birthday, emergency, personal day-off, Study/exam leave, Unrecorded Time off for personal/family matters, voluntary service leave
Extended Leave
: Leave of absence, Block leave, career break leave, sabbatical leave
Marriage and Family leave:
Bereavement leave, Childcare, Compassionate Eldercare Sick Leave, Extended Childcare Leave, Extended Maternity Leave, Family Care Leave, First Day of School Leave, Marriage Leave, Paternity, Maternity leave
Employee Support
:help employees manage the non-work aspects of their lives, especially the 'time stress' faced by many
a) Health & fitness
b)Mental Wellness
c)Lunch and Working hours
d)Recreation & Bonding
e)Lifestyle
f)Staff Development
Flexible Work Arrangement
Flexible work arrangements are work arrangements where employers and employees agree to a variation from the usual work arrangement
Time
: Compressed Work Schedule, Creative Scheduling, Employee Choice of Days Off, Flexi-Hours, Flexi-Shift, Shift Swapping, Staggered Time, Time Bank
Location
:Telecommuting
Workload
: Interim Work, Job Sharing, Part-time Work, Phasing In or Out, Phased Retirement , Project Based Work, Seasonal Work, Retirees Cover for Workers on Leave, Weekend Work
Funding and grants
FWA incentive
Incentivise companies to sustain implementation of FWAs for their local employees. The FWA Incentive encourages you to support employees who adopt FWAs.
Up to $70,000 per company over 2 years
$2,000 per local employee per year, who is a regular user of FWA
Job Sharing incentive
Incentivise employers to implement job sharing for employees at PMET-level with gross monthly salary of at least $3,600, before job sharing arrangement. The Job Sharing Incentive encourages you to support PMET-level employees who adopt job sharing arrangements. Up to $35,000 per company over 2 years
$3,500 per local, full-time PMET employee per year, who is a regular user of job sharing..