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What is work-life balance?

“Work–life 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 life balance

• 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 life balance

• 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 life balance

Reasons for imbalance

• Competition

• Individual Career Ambitions

• Global Economy

• Longer working hours

• Attention demanded by the family

work life balance

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

work life balance

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.

work life balance

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

work life balance

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

work life balance

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

work life balance

• 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 WAITCurb 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 YOURSELFIndulge 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 you’ll see a big payoff at work and home.” says Gurmeet Singh, area director, India Maldives, Marriott Hotels.

Tips from corporate

work life balance

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

work life balance

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

work life balance

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

work life balance

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

work life balance

Disadvantages Company level = Low Competitiveness

• Low productivity

• Negative image

• Increased absenteeism

• Decrease in employee commitment

• Talent drain

• Negative atmosphere in the company

work life balance

Poor Work-Life BalancePoor 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 life balance

What’s been important?What’s been important?

IssueIssue

Personal – non workPersonal – non workCareerCareerMaterial wealthMaterial wealthHealthHealthLearningLearningSpiritual / CulturalSpiritual / Cultural

AchievementAchievement

Home / family…

Development…

Modest purchase...

‘You time’…

What you know…

Social / community

work life balance

• 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

Mac’s 10-point planMac’s 10-point plan

work life balance

THANK YOU

Kunal Kashyap (81)Gaurav mohta (90)

Tanuj Nabar (93)Ameya rege (99)