Between work, family, and personal life, we all face many responsibilities each day, which is why finding a healthy balance among them is so important. For businesses, supporting programs that help employees find alignment between their professional and personal lives can significantly impact the bottom line. Here are three of the most noteworthy benefits:
1. Increased Productivity and Engagement
Employees who feel like they have a good work-life balance are more engaged with their work and more productive overall. A Families and Work Institute study found that employees who feel they have a good work-life balance are more likely to report higher levels of job satisfaction and commitment to their employer. They're also less likely to look for another job. For businesses, that means happier, more productive employees who are less likely to leave—a win-win.
2. Improved Employee retention
In today's tight labor market, retaining top talent is more critical than ever, and offering programs that support work-life effectiveness can be a significant boost in this area. A survey by the Society for Human Resource Management found that nearly two-thirds of employees said that work-life effectiveness programs were either "very" or "extremely" important when considering whether to accept a job offer. Moreover, almost half of those surveyed said they would leave their current job for one that offered better work-life balance—so it's clear that these programs can be make-or-break for many employees.
3. Better recruiting prospects
In addition to helping you retain existing employees, programs that support work-life effectiveness can also help improve your recruiting prospects. Today's job seekers are looking for companies that offer competitive salaries and an excellent work-life balance—and if you're not offering it, they'll look elsewhere. According to a recent Deloitte survey, 85% of respondents said they would like to see their current employer do more to support work-life effectiveness. So, by offering these types of programs, you'll attract better talent and stand out from the competition.
Offering programs that support work-life effectiveness is a smart business move that can significantly impact productivity, engagement, retention, and recruiting prospects. In today's competitive marketplace, it's more important than ever to offer employees an excellent work-life balance; these programs are one of the best ways to do it.