Worklife balance is a concept including proper prioritizing
between work (career and ambition) and lifestyle(Health, pleasure, leisure, family and spiritual development/meditation) and being aware of different demands on time and energy and being able to allocate them judiciously.
WORK L I F E BAL ANCE Work life balance means spending 50% of your time at work and 50% of your time at home. Women desire more work life balance than men. Work life balance is synonymous with work family balance or family support
WORK L I F E BAL ANCE Work life balance occurs when individuals possess mental, physical and emotional resources and allocate those resources in a way that leads to fulfillment of their professional and personal goals.
Many studies have found that there is no gender differences in experience of work life conflict. Men and women are both affected by non work and work demands.
Equating work life balance and family support as synonymous assumes only those with families desire balance. Can lead to backlash to single employees or employees without children. Research on singles friendly culture is a response to this backlash.
MTYHS REALITY WHY IS WORK-LIFE BALANCE IMPORTANT? Our lives are busy and we get onto the 'treadmill of life. Something that you VALUE is not in alignment with your current REALITY. Recent search says that more than 55% respondents are not able find a WLB. More stress and lack of concentration in work
WORK L I F E BAL ANCE REASONS FOR IMBALANCE Competition
Individual Career Ambitions
Global Economy
Longer working hours
Attention demanded by the family
WORK L I F E BAL ANCE HEALTHY WORK-LIFE BALANCE LEADS TO EMPLOYEES Feel more rested and energized Fulfillment from work Stress reduction Better physical and mental health
COMPANY High productivity Getting and keeping the right staff Healthy and interactive environment WOR K L I F E B A L A N C E THE WHEEL OF LIFE The concept was originally created by Paul J. Meyer, founder of Success Motivation Institute.
A tool by which you and I can ascertain our priorities, needs and how balanced our life really is.
The Wheel of Life is powerful - vivid visual representation of the way your life is currently, compared with the way you'd ideally like it to be.
It is called the "Wheel of Life" because each area of your life is mapped on a circle, like the spoke of a wheel. WOR K L I F E B A L A N C E REGUS SURVERY Reveals Gen X and Gen Y are better in maintaining WLB than Baby Boomers. Survey Sample - 26,000 professionals from 90 Countries; Indians are happiest at work, followed by Mexico
WOR K L I F E B A L A N C E Traditional work/life pattern New work/life pattern 1. Work for an employer - live for the weekends and holidays - worry a lot and be generally unable to control your own destiny. 1. As soon as possible, work for yourself or for decent employer(s), doing various things you love - (tip - you might need to re-discover what you really love). 2. Maybe start your own business still doing something you don't enjoy and continue to worry and work slavishly. 2. Progressively ease off working to spend more time learning and enjoying new things - some of which will become new work. 3. Retire on a reasonable pension at 60 or 65, or 55 if you are lucky - continue to worry, and now add feelings of regret and maybe even bitterness. 3. Don't worry about retirement because it can actually kill you (the worry and the retirement), and the pension system is shot to pieces anyway - try to save, but most importantly stay happy and productive. 4. Rapidly decline due to lack of stimulus and die quite soon. 4. Keep learning and developing and doing new things - eat well, keep fit, and be good to people. 5. What was the point of it all?... 5. Live long and happy - still working a little and always learning and enjoying new things. MORGAN STANLEY CASE STUDY The Challenge Provide the best possible environment for its employees
The Response Developed Balance-works WOR K L I F E B A L A N C E BALANCE-WORK INITIATIVE AT MORGAN STANLEY Monthly work-life seminars On-site fitness center On-site cafeterias Occupational health services FLEXOPT policy flexible working arrangements
WOR K L I F E B A L A N C E WORK NEAR HOME Try to cut down the commuting time. says Pushkar Singh Kataria, 38,VP,group HR, Vedanta Resources. At lunch hour he heads home-10 minutes from his office. ONLINE SOCIAL NETWORKING CAN WAIT Curb checking your Facebook profile or professional network account to set a time during the day or week. You can save time and spend it on yourself, says Anita Belani, country head, Russell Reynolds. PAMPER YOURSELF Indulge yourself. Spend a couple of hours in the garden, play with children, or cook. Get 7 to 8 hours of sleep every night. Pamper yourself a little more every day and youll see a big payoff at work and home. says Gurmeet Singh, area director, India Maldives, Marriott Hotels.
Tips from corporate WOR K L I F E B A L A N C E On the job training Surveys of employee work /life issues Set priorities for all work Train line managers to recognize signs of overwork Seminars on work life balance HR solutions for Work-life Balance WOR K L I F E B A L A N C E Make work more flexible Flexi time Job sharing Sponsoring employees family oriented activities Allow for time off from work A formal leave policy Paid childbirth or adoption leave Allow employees to take leave for community service
Better physical and mental health Making choice about your priorities rather than sacrificing any More leisure time to spend with loved ones or for yourself Feel more rested and organized Working more productively and get more accomplished, leading to greater career success More fulfillment from work Improving relationship with family and friend BENEFITS FROM WORK LIFE BALANCE WOR K L I F E B A L A N C E BENEFITS TO THE INDIVIDUAL More value and balance in daily work life Better understanding work life balance Increased productivity Improved on the job and off the job relationship Reduced stress BENEFITS TO THE ORGANIZATION Increased productivity, accountability and commitment better communication and team work Improved morale Less negative organizational stress WOR K L I F E B A L A N C E DISADVANTAGES INDIVIDUAL LEVEL = LOW HAPPINESS Neglect family elderly and the children. General dissatisfaction: with the job, family. Decreased self-esteem, creativity and personal balance Stress Increased expectations WOR K L I F E B A L A N C E DISADVANTAGES COMPANY LEVEL = LOW COMPETITIVENESS Low productivity Negative image Increased absenteeism Decrease in employee commitment Talent drain Negative atmosphere in the company WOR K L I F E B A L A N C E Poor Work-Life Balance Higher rates of absenteeism Higher rates of staff turnover Reduced productivity Decreased job satisfaction Rising healthcare costs Lower levels of organisational commitment and loyalty = Poor customer service
WORK L I F E BAL ANCE Whats been important? I s s u e Personal non work Career Material wealth Health Learning Spiritual / Cultural
A c h i e v e m e n t Home / family Development Modest purchase... You time What you know Social / community
WORK L I F E BAL ANCE Blur the boundaries Manage expectations Keep a clear head Show your humanity Set challenging goals Talent transfer Get focused Set a reasonable pace Call time-out Share goals Macs 10-point plan WORK L I F E BAL ANCE THANK YOU Kunal Kashyap (81) Gaurav mohta (90) Tanuj Nabar (93) Ameya rege (99)