Tip #1046: The Costs of Work/Life Imbalance

Work/life imbalance has serious costs for employees, the organization, and society.

Employees suffer such personal and societal consequences of work/life imbalance as:

  • greater levels of stress and stress induced illness;
  • less life satisfaction;
  • elevated rates of family strife, violence, and divorce;
  • rising frequencies of substance abuse;
  • rising challenges with parenting and control of children and adolescents; and
  • swelling rates of juvenile delinquency and violence.

Work/life imbalance adversely affects organizations with:

  • high levels of absenteeism;
  • high turnover;
  • low productivity;
  • low morale;
  • diminished job satisfaction;
  • team dysfunction;
  • increasing health care costs; and
  • lesser degrees of organizational commitment and dedication.

Staff retention, down time and losses of productivity are identified as the most obvious impacts when an organization does not effectively manage work-life balance issues.

Research has found that managing work/life balance is one of the most critical managerial strategies for ensuring employees’ performance and organizational performance improvement.

When the right balance is established and maintained, both the employee and the organization benefit.

The employee enjoys:

  • improved job satisfaction and engagement;
  • enhanced happiness;
  • superior dealings with management;
  • successful communication;
  • better sense of worth;
  • better physical and mental health;
  • greater attentiveness;
  • increased self-assurance;
  • enhanced management of tasks;
  • amplified driving force; and
  • lower levels of stress.

The organization experiences:

  • improved employee retention and recruitment;
  • higher work engagement and organizational citizenship behavior;
  • increased productivity, job satisfaction, and organizational commitment;
  • enhanced company reputation and brand; and
  • superior appeal to a wider variety of job applicants.

What are the most important benefits of work/life balance for you?

May your learning be sweet,

Deborah

#worklifebalance #employeeengagement #worklifebenefits #worklifeimbalance #laurelandassociates #

 

 

 

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