Flashcards in Unit 7: Work-life balance Pages:50-53 (3) [Need edit make short] Deck (8):
What is Work-Life Balance?
Work-life balance is need to strike [a healthy balance] between our desires to participate fully in the labour market while giving the best of ourselves to our loved ones, in general, between our [job and personal responsibilities.]
The concept of the quality of work-life can be viewed as “the degree to which members of a work organization are able to satisfy important personal needs through their experiences in the organization”.
Hence, a fundamental problem facing growing numbers of individuals is how to balance their growing work and non-work demands.
The importance of work-life balance
The [new age work force is focused] and they [tend to switch jobs] if they find that the workplace is unable to allow them to strike a balance between their job and their responsibility.
Employers need to recognize that in the phase of changing demographics, for example dual income families and ageing population, it is important to accommodate such changes to [retain their workforce.]
Types of Work-Life Programmes, Policies and Practices A
Why is work-life balance important for employers?
1. Work Life programmes are adopted by Organizations to help employees to manage a balance between work and personal life.
2. Especially important because of FAST-PACED GLOBAL ECONOMY.
>Characteristics of the new age workforce.
>Changing demographics (e.g. Dual income families, elderly workers)
[Work-life programmes are initiatives adopted by organizations to help employees manage their work and personal life.]
Such programmes encompass a variety of practices that aid workers in balancing the demands of working and personal life. Many of these practices are aimed in particular at helping workers to deal with family obligations.
#Initiated adopted by organisation.
#Help employee manage their demands in work and personal life as well as deal with family obligations.
***** Types of Work-Life Programmes, Policies and Practices B
In general, work-life programmes, policies and practices can be differentiated into the following categories:
Employee Support Schemes (5)
Family Friendly Infrastructure (2)
Flexible Work Arrangements (4)
Leave Benefits (5)
***** Employee Support Schemes (5)
- Social Activities for Singles
- Medial/Insurance Coverage for Family
- Health and Wellness Programmes
- Incentives for Marriage/Birth
- Child Care Arrangements
***** Family Friendly Infrastructure (2)
- Work-Life Plan
- Family Friendly Culture
***** Flexible Work Arrangements (4)
- Permanent Part-Time
- Flexible Start/End Time
- Compressed Work Week