WORK LIFE BALANCE

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What is wlb, wlb in various spheres, importance

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WORK LIFE BALANCE

  1. 1. Psychology Presentation Rajal Singhal B002 Harsh Loonia B020 Akriti Shah B024 Saachi Singla B050 Saloni Doshi B057 Stuti Kathuria B062
  2. 2. What is work-life balance? • Work-life balance is a concept including proper prioritizing between “work” and “lifestyle”. • Being aware of different demands on time and energy and being able to allocate them judiciously.
  3. 3. • Myth - Work life balance means spending 50% of your time at work and 50% of your time at home. • Reality - Work life balance occurs when individuals possess mental, physical and emotional resources and allocate those resources in a way that leads to fulfillment of their professional and personal goals.
  4. 4. Meaning • Achievement - Conquering or winning something • Fulfillment - Fulfilling pride - Sense of satisfaction - An accomplishment - Happiness - All joys of living
  5. 5. Why is work-life balance important? • Our lives are busy and we get onto the 'treadmill of life'. • Something that you VALUE is not in alignment with your current REALITY. • Recent search says that more than 55% respondents are not able to find a WLB. • More stress and lack of concentration in work
  6. 6. Reasons for imbalance • Competition • Individual Career Ambitions • Global Economy • Longer working hours • Attention demanded by the family
  7. 7. Disadvantages Individual Level = Low Happiness • Neglect family – elderly and the children • General dissatisfaction: with the job, family • Decreased self-esteem, creativity and personal balance • Stress • Increased expectations
  8. 8. Disadvantages Company level = Low Competitiveness • • • • • • Low productivity Negative image Increased absenteeism Decrease in employee commitment Talent drain Negative atmosphere in the company
  9. 9. Solutions – Individual Level • • • • • Set goals around what you value highly Drop activities that sap your time or energy. Maintain a healthy lifestyle Team Building Activities Take a Vacation
  10. 10. Solution – Management level • • • • • On the job training Make work more flexible Leadership Flexible working hours for the employees. Working at home
  11. 11. Healthy work-life balance leads to :  EMPLOYEES  COMPANY • Feel more rested and energized • Fulfillment from work • Stress reduction • Better physical and mental health • High productivity • Getting and keeping the right staff • Healthy and interactive environment
  12. 12. The wheel of life • The concept was originally created by Paul J. Meyer, founder of Success Motivation® Institute. • A tool by which you and I can ascertain our priorities, needs and how balanced our life really is. • The Wheel of Life is powerful - vivid visual representation of the way your life is currently, compared with the way you'd ideally like it to be. • It is called the "Wheel of Life" because each area of your life is mapped on a circle, like the spoke of a wheel.
  13. 13. Regus Survery • Reveals – Gen X and Gen Y are better in maintaining WLB than Baby Boomers. • Survey Sample - 26,000 professionals from 90 countries • Indians are happiest at work, followed by Mexico
  14. 14. Source: Times Of India August 24, 2013
  15. 15. Traditional work/life pattern New work/life pattern 1. Work for an employer - live for the weekends and holidays - worry a lot and be generally unable to control your own destiny. 1. As soon as possible, work for yourself or for decent employer(s), doing various things you love - (tip - you might need to rediscover what you really love). traditional v modern work/life patterns 2. Maybe start your own business still doing something you don't enjoy and continue to worry and work slavishly. 2. Progressively ease off working to spend more time learning and enjoying new things some of which will become new work. 3. Retire on a reasonable pension at 60 or 65, or 55 if you are lucky - continue to worry, and now add feelings of regret and maybe even bitterness. 3. Don't worry about retirement because it can actually kill you (the worry and the retirement), and the pension system is shot to pieces anyway - try to save, but most importantly stay happy and productive. 4. Rapidly decline due to lack of stimulus and 4. Keep learning and developing and doing die quite soon. new things - eat well, keep fit, and be good to people. 5. What was the point of it all?... 5. Live long and happy - still working a little and always learning and enjoying new things.  
  16. 16. Morgan and Stanley Case Study The Challenge • Provide the best possible environment for it’s employees The Response • Developed Balance-works
  17. 17. Balance-work initiative at Morgan Stanley • Monthly work-life seminars • On-site fitness centre • On-site cafeterias • Occupational health services • FLEXOPT policy – flexible working arrangements
  18. 18. Famous Personalities
  19. 19. Countries
  20. 20. SURVEY on teachers
  21. 21. THANK YOU “ Life is like riding a bicycle. To keep your balance you must keep moving.” - Albert Einstien

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