Achieving a harmonious balance between professional and personal life has become a pivotal factor in employee satisfaction and, consequently, a company’s success.
Invest in your employees’ well-being by promoting work-life balance. Discover the financial and strategic benefits, along with actionable HR strategies for a happier, more successful company with emPerform.
This blog explores the profound impact of work-life balance on both employees and employers, emphasising that it’s not just a feel-good initiative but a strategic investment…
The Benefits of Work-Life Balance
There are many benefits to maintaining a good work-life balance, and said benefits will also reflect within your company as a whole. emPerform is designed to better your employee’s experience – our ongoing feedback features allow employees to voice any concerns before they get too big.
When issues such as an unmanageable workload or missing skillset arise, they can be dealt with accordingly, meaning your employees won’t be tempted to think of such problems outside of work hours and keep their ‘personal life’ apart from their ‘work life’.
Here are some of the top benefits of maintaining a work-life balance as a company…
- Increased Productivity
Studies, such as the CIPD survey, reveal a 56% increase in productivity for companies that prioritise work-life balance. Reduced stress and improved engagement contribute to enhanced focus and higher output.
- Reduced Costs
Financially, embracing work-life balance policies results in decreased turnover rates, absenteeism, and healthcare expenses. A CIPD study found that companies with supportive policies experience 25% lower absenteeism.
- Enhanced Talent Acquisition and Retention
Top talent is drawn to organisations with a work-life balance culture. StandOut CV reports that 66% of UK employees consider it a crucial factor when applying for jobs. LinkedIn’s survey reveals that 46% of professionals would leave their current job for better work-life balance.
- Improved Creativity and Innovation
Work-life balance fosters a conducive environment for creativity and innovation. Employees with good work-life balance scores reported 74% higher levels of innovation, according to a CIPD study. Forbes also notes a positive correlation between employee autonomy and creative output.
- Stronger Employer Brand
Promoting work-life balance not only benefits employees but also enhances the company’s brand reputation. It aligns the organisation with values that resonate with prospective employees, contributing to a stronger employer brand.
Challenges of Work-Life Balance
Despite its significance, attaining work-life balance remains a challenge. Employees grapple with mounting stress, while employers face the dilemma of maintaining productivity without compromising employee well-being.
Using performance management software can overcome some of the challenges that arise with promoting a healthy work-life balance in the workplace. Whether your organisation has 50 employees or 3,000, emPerform’s configurability, affordable pricing model, and all-inclusive suite ensures it will be a great fit out of the gate and can scale and evolve to fit your needs as they change.
HR Strategies for Promoting Work-Life Balance
- Flexible Work Arrangements
Explore options like remote work, flexible hours, and compressed workweeks. Government stats show that 32% of UK employees had access to some form of flexible working in 2022.
- Clear Boundaries and Time Management
Provide employees with tools and resources to manage their workloads effectively, ensuring a healthy separation between work and personal life.
- Promote Employee Well-being
Given the rise in burnout cases, initiatives supporting physical and mental health are crucial. A Mind report reveals that 88% of UK employees have experienced burnout in the past two years. Investing in employee well-being yields a 92% return on investment.
- Empowerment and Autonomy
Trust employees to manage their time and tasks. Autonomy has been linked to greater creative output, according to a Forbes article.
Leadership also plays a pivotal role in promoting work-life balance. Demonstrating its importance through actions and behaviour sets the tone for the entire organisation.
- Open Communication and Feedback
Encourage regular dialogue between employees and managers about workload, needs, and concerns. Transparency fosters a culture of understanding and support.
We want to point out that work-life balance is not just a perk; it’s a strategic investment with tangible benefits for both employees and companies. By implementing these HR strategies, organisations can create an environment where employees thrive, resulting in a more successful and resilient company.
Encourage HR professionals to adopt these strategies and measure their impact on employee happiness and business success. Work-life balance isn’t just good for people – it’s excellent for business.
Ready to empower your employees and pave the way toward promoting a better work-life balance throughout your company?
Book a FREE demo with an emPerform expert to discuss your performance management needs and show you around.
