If the people who form a company enjoy stability, these companies will be more balanced and healthy, and their customers will be more satisfied. Therefore, working healthily in a company increases profits, reduces costs, increasing the competitiveness and productivity of companies. 

For employers to work healthily, there has to be an established work-life balance. Why is this balance crucial? Keep reading as we will share them below. 

The Effects of No Work-Life Balance

The inability to reconcile personal and family life with work adversely affects the people who live that way. It negatively affects the entire social structure and the economy.

Certain factors, such as the decline in the birth rate, aging of the population, availability of a skilled and productive workforce, and the retention of talent, are increasingly associated with work-life balance problems. These adverse effects also indirectly affect companies. 

This decreased employee quality of life leads to demotivation, absenteeism, mental health problems such as stress, and lack of concentration. Therefore, it is not only a matter of legislative measures; companies have a vital and decisive role in this regard.

And obviously, each worker and family must claim, adopt and exercise the right of the measures available to them.

What are the Personal, Family, and Work Conciliation Measures?

It involves offering a set of measures in common agreement with employees, which focuses on creating conditions that favor workers to fulfill their work and family responsibilities optimally. These measures do not have to imply a high economic cost, nor even suppose great efforts or decisions that imply more work or responsibility.

It is about agreeing on actions or working conditions that, applied at crucial points, contribute to improving conciliation. We are going to cite some crucial and effective ones.

Flexible Schedule

Not being restricted to a specific schedule, time increases willingness to work. Flexibility is almost as valuable as compensation. Flexible schedules and working hours should be initiated. Also, there should be flexibility on the time to eat, attend medical visits or check on kids, care for the elderly, and choose holiday periods. However, this must be done in moderation to ensure the company’s productivity remains intact.

Spatial Flexibility

The digital transformation of organizations makes it unnecessary for employees to have a fixed location. This is the best formula to facilitate work-life balance for many people capable of working autonomously and responsibly, with a clear goal-oriented orientation.

Telecommuting or Flexi work brings many other benefits, such as avoiding commuting hours, lowering stress levels, and reducing company costs.

Support and Advice

Companies can offer professional services regarding each employee’s career and professional trajectory to improve their training—and also legal, tax, and financial advice.

Benefits of a Good Personal, Family, and Work-Life Balance

Reconciliation measures only bring benefits. The benefits are both ways; on one hand, they make it easier for employees to balance the different areas of their lives. On the other hand, they help companies to improve their productivity and competitiveness.

Work-Life Balance Employee Benefits

• It improves the organization and planning of your personal and family life.
• Increases work performance and consequently increases job satisfaction and recognition.
• Enhance professional development.
• Improve the relationship with the team.
• It reduces stress and exhaustion.
• It helps to enjoy more time and better quality to dedicate to children, family, and oneself.
• Increases quality of life.
• Increase productivity and reduce absenteeism.
• It improves the work environment and team cohesion.
• Increases the involvement and commitment of the workforce.
• The costs of reincorporation and coverage of a job on maternity leave or low risk during pregnancy or lactation is reduced.
• It promotes equality between women and men.
• Reconciliation policies have bonuses.
• It improves the company’s image before its employees, customers, suppliers, and society.

Work-Life Balance Benefits for Companies

• It is key to retaining talent.
• Increase productivity and reduce absenteeism.
• Improves the work environment and team cohesion.
• Increases the involvement and commitment of the workforce.
• Reduces the costs of reincorporation and coverage of a job on maternity leave or low risk during pregnancy or lactation.
• Promotes equality between women and men.
• Reconciliation policies have bonuses.
• It improves the company’s image before its employees, customers, suppliers, and society.

We will stop here for now. However, we hope you understand the importance of work-life balance for your business and the economy. Thanks for reading!