Impact on Employers
Poor work and life balance causes serious issues such as stress and health problems, manifesting in workplace violence, absenteeism, and rising compensation claims by workers.
Poor work life balance also leads to increased employee turnover. Research by Kenexa Research Institute in 2007 shows that those organizations that supported work-life balance saw increased organizational commitment among the workforce, with fewer employees willing to quit. A Hudson survey finds that nearly a third of U.S. workers consider work-life balance, along with flexibility, as the most important factor in considering job offers.
Such findings from work life balance research studies prompt many organizations to institute measures such as flexibility in work conditions, and improved benefits such as measures to improve the work-life balance of the workforce. Many employers however adopt an “one-size fits all" approach when doing so. Research by Stewart Friedman at Wharton School’s “Work Life Integration Project" confirms that such an approach, usually made for the sake of equality, frustrates the workforce, and that an effective work-life balance intervention requires customization. Many organizations also confine such initiatives at the white collar employee level, leaving the blue collar workers at the mercy of the legal requirements, which remain low in United States and many other countries.
As the importance of human resources in an enterprise increase, those organizations that manage to resolve work and life balance issues stand a better chance of mastering the tough economic conditions and are more likely to prosper.