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Work-Life balance - Essay Example

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Summary
Human Resource Management (HRM) is a crucial part of the organizations in today’s world as the corporations have realized that they can compete effectively in the respective industry by developing a competent and valuable workforce. …
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Work-Life balance

Download file to see previous pages... The importance of the human resources can be reflected from the viewpoint that it is actually the employees who execute the plans for the firm. A plan on its own is f no use until effective hum resources carry it out Hence human resources are the crux of any organization for achieving the goals and objectives of the organization. When the companies focus their attention on nurturing a well-skilled and highly qualified staff, they are able to enhance their level of productivity and earn sufficient amount of Return on Investment (International Labour Office, 2011). Almost all the leading firms have realized that they can maintain their edge in the market by investing heavily in the personnel rather than other resources because a reliable, loyal and capable workforce will ensure that a company is able to attain the desired objectives effectively (Brough et al., 2008). As personnel are the key source of competitiveness of the firm, the management has to ensure that they provide each employee with the desired work-life balance provision. At times to improve the efficiency and effectiveness of the workforce, the organization has to provide certain training programs to the employees to polish and strengthen their skills regarding certain elements. In today’s every changing business environment, it has become crucial for the industry players to address the HRM issues proactively so that the employees can be retained for a long period and they are motivated to make valuable contribution in the business operations (Abendroth, 2011). Skilled and talented employees may be attracted towards other organizations due to a number of factors and so organizations need to ensure that they deal with their human resources in an effective way so as to retain qualified and talented employees in the firm. Work-life balance has become an alarming point of concern for the employers because they have noticed that the firms that do not address this aspect for the employee’s enhanced job satisfaction level have to face difficulty in keeping them loyal to their business. Employees need to balance their professional life as well as personal life on equal grounds so that they perform the best in both these roles. According to Work Life Balance (2007), work-life balanced is described as “the ability of an individual to engage in both non-work and work lives without any undue pressure from one that undermines the suitable experience of the other.” With the advent of time, the concept of work-life balance had undergone drastic changes because there has been a significant shift in the working culture, demographic profiles of the workers and external factors such as technology, economy and politics (Hobsen, Fahlen & Takcas, 2011). Changing trends in work-life balance As the lives of both sexes have become fast paced and there is less free time available, there is an increasing pressure for time management in both work and personal domains that is causing widespread imbalance in work-life (Morrison & Thurnell, 2012). Under pressure employees tend to have a burden on their minds as they are not able to balance their work life and personal life, one part may be dominating the other one. The employment rate of women has increased, while that of men has remained constant, which is forcing both genders to remain outside the home for work purposes. Traditionally, it was believed that men is the sole bread earner for the family but there has been a shift in the society norms as the concept of dual-earner households has developed into the latest market trend in every culture for the last few years and both partners work and share the family responsibility (International Labour ...Download file to see next pagesRead More
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