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From the Wires
Work-Life Benefits Key to Employee Satisfaction, Retention During Credit Crunch
By: PR Newswire
May. 28, 2009 12:42 PM
Many employees are feeling the pressure to work harder than ever in an effort to please managers and ensure job security. But as workplace anxieties rise and employees have less time for family and personal commitments, benefits that promote work-life balance play an increasingly important role in morale, productivity and ultimately the company's bottom line. A recent poll conducted by the Chartered Institute of Personnel Development (CIPD) found that three out of four people say they are working very hard, with many saying they are working as hard as they can and could not imagine being able to work any harder. The survey also found that one in three partners of people who typically work more than 48 hours a week feel their work load has had a negative impact on their personal relationships. Companies in the U.K. are increasingly aware of the business case for work-life balance, and work-life balance is now rated one of the most important workplace attributes, second only to compensation, according to research by the U.S.-based Corporate Executive Board (CEB). The CEB poll of more than 50,000 global workers also revealed that employees who feel they have a better work-life balance tend to work 21 percent harder than those that don't. The trickle-down benefits of employer-sponsored work-life offerings include increased productivity, improved recruitment and retention, lower rates of absenteeism, reduced overheads, improved customer service and a more motivated workforce. "In order to retain valuable workers and ensure continued productivity,
businesses must be attuned to the heightened challenges employees are facing
at the intersection of work and life," said To help employees better manage their work and personal commitments, many employers offer a variety of work-life benefits, including help with finding child and elder care, back-up care for when their regular care plans fall through, wellness counselling and financial and legal consultation. For more information on these work-life benefits, visit www.ear.co.uk. SOA World Latest Stories
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