Innovative Hr Practices to Maintain Work Life Balance of Employees

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INNOVATIVE HUMAN RESOURCE POLICIES FOR MAINTAINING WORK-LIFE BALANCE OF EMPLOYEES

Author -

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Mr. Virendra Gadiwar, Miss Puja Shedge & Prof.Poonam Vatharkar.

INDEX

1. INTRODUCTION......................................................................................................3 1.1. Background………………………………………………………………….3 1.2 Defining work life balance………………………………………………..….3

1.3 meaning………………………………………………………….…………..4

2. THEORETICAL FRAMEWORK …………………………………………………5

2.1 Importance……………………….……………………………………………..5

2.2 Advantages…………...........................................................................................6

2.3 Techniques influencing work life balance….…………………….…………...6

3.OBJECTIVE OF CONDUCTING SURVEY………………………………………7

3.1 How the survey help?........………………………………………………………7

4. RESEARCH METHODOLOGY..……………………..……….………………… .8

4.1 Method of data collection………………………………….………………..…...8

4.2 Research Methodology…………………………..………………………………8

5. ANALYSIS OF DATA.………………………………………….…………………10

5.1 Tabular Representation……………………………………….………………..12

5.2 Diagrammatic Representation.……………………………….……………….13

6.FINDINGS………………………………………………….…………………..……. 14

7. CONCLUSION……………………………………………….……………………..14

1. INTRODUCTION:

1.1 Background

The role of work has changed throughout the world due to economic conditions and social demands. Originally, work was a matter of necessity and survival. Throughout the years, the role of “work” has evolved and the composition of the workforce has changed. Today, work still is a necessity but it should be a source of personal satisfaction as well. One of the vehicles to help provide attainment of personal and professional goals is work-life benefits and programs The issue of work-life balance has developed out of demographic and social changes that have resulted in a more diverse, declining workforce, different family and work models. Supporting work-life balance (WLB) is seen as a way of attracting and retaining the labour force needed to support economic well-being. In organizations and on the home front, the challenge of work/life balance is rising to the top of many employers’ and employees’ consciousness. In today’s fast-paced society, human resource professionals seek options to positively impact the bottom line of their companies, improve employee morale, retain employees with valuable company knowledge, and keep pace with workplace trends.

However, experience has shown that policy on flexible work practices needs to be supported by strategies to achieve effective implementation. This research provides suggestions and options for Human Resources Managers on developing and managing equitable flexible work practices. It has been designed to provide practical advice to assist organizations in achieving successful implementation of these policies which would be a key initiative for inclusion in an organizational WLB.

1.2 Defining work-life balance:

1. ”Work life balance is about effectively managing the juggling act between paid work and the other activities that are important to people. It’s not saying that work is wrong or bad, but that work shouldn’t completely crowd out the other things that matter to people like time with family, participation in community activities, voluntary work, personal development, leisure and recreation”

2. “Working practices that acknowledge and aim to support the needs of staff in achieving a balance between their home and working lives”

3. "people having a measure of control over when, where and how they work. It is achieved when an individual's right to a fulfilled life inside and outside work is accepted and respected as the norm, to the mutual...
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